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Russian rouble continues retreat as low oil price weighs MOSCOW: The Russian rouble fell further against the dollar on Friday, retreating for a third day as international oil prices hovered close to three-and-a-half-month lows. At 0830 GMT, the rouble was 0.4 percent weaker against the dollar at 58.10 and had gained 0.1 percent to 63.52 versus the euro. The rouble has shed around 2 percent against the dollar since Wednesday as a result of declines in the Brent oil price, which has returned to levels around $55 per barrel last seen in early April. Brent was down slightly at $55.2 per barrel on Friday, after weak PMI manufacturing data from China reinforced fears about the impact of a Chinese slowdown on commodity prices. The concerns about the oil price have outweighed demand for forex to pay monthly taxes, which had been expected to support the rouble this week. "Despite the start of the tax period, for the rouble every ...

Dollar hits new multi-year highs against emerging market units TOKYO: The dollar hit fresh multi-year highs against some emerging market currencies Friday as investors increasingly bet on a US rate hike this year, while the euro lost early gains driven by easing fears over the Greek debt crisis.In Tokyo, the greenback surged to a new 17-year high against the Indonesian currency at 13,465 rupiah from 13,416 rupiah on Thursday and a six-year high of 34.90 Thai baht from 34.85 baht. The greenback got a ...

Turkish lira weakens nearly 4 percent on week over security concerns ISTANBUL: The lira's weekly losses against the dollar reached almost 4 percent on Friday as Turkish air strikes on Islamic State insurgents in Syria and nationwide police raids on militants fuelled investor concerns about Turkey's security risks. Fears of a snap election if efforts to form a coalition government fail also weighed on sentiment, with the two-year benchmark bond yield rising above 10 percent for the first time since mid-June. Central bank steps to support ...

Kenyan shilling eases, main share index near 2-1/2 year low NAIROBI: The Kenyan shilling eased on Friday, while stocks fell to a two-year and five-month low as both markets closed early due to the visit of US President Barack Obama.At close of trade at 1000 GMT, commercial banks quoted the shilling at 101.15/25 to the dollar versus Thursday's close of 100.75/85 as banks covered their short dollar positions."It's a thin market, so people wanted to square off their positions because the forex market is closing ...

NZ dollar jumps after RBNZ cuts rates, softens FX stance WELLINGTON: The New Zealand dollar jumped to a one-week high on Thursday after the Reserve Bank of New Zealand delivered a smaller interest rate cut than some in the market expected and softened its rhetoric on the kiwi following its recent, dramatic fall. The kiwi climbed half a US cent to $0.6654, its highest since July 15, after the central bank cut its Official Cash Rate by 25 basis points to 3.0 percent in response ...

South Africa's rand weakens after below forecast inflation data JOHANNESBURG: South Africa's rand weakened against the dollar on Wednesday ahead of Thursday's interest rate decision after a lower-than-expected inflation number reduced the odds of a rate hike.At 1433 GMT, the rand was trading 0.59 percent weaker at 12.3990 to the dollar compared with its closing level on Tuesday. "The downside surprise to CPI generated some selling pressure given that the market interpreted it as an indication that the (central bank) is going to refrain ...

Sri Lanka rupee ends steady on state bank dollar sales COLOMBO: The Sri Lankan rupee ended steady on Wednesday in dull trade as a state-owned bank maintained its dollar-selling rate at 133.70, dealers said. There was however downward pressure on the rupee due to demand for the greenback from importers, the dealers said.The spot rupee closed steady at 133.70/80 per dollar on Wednesday a day after the state-run bank cut the currency's peg against the dollar by 10 cents to allow the exchange rate to ...


Index Closing Chg%
Arrow DJIA 17,689.86 0.03
Arrow Nasdaq 5,128.28 0.01
Arrow S&P 2,103.84 0.23
Arrow FTSE 6,696.28 0.41
Arrow DAX 11,308.99 0.46
Arrow CAC-40 5,082.61 0.72
Arrow Nikkei 20,585.24 0.30
Arrow H.Seng 24,636.28 0.56
Arrow Sensex 28,114.56 1.48

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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln