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Euro dips in Asia ahead of ECB comments TOKYO: The euro dipped in Asia on Wednesday as investors looked to comments from European Central Bank officials later in the day following the ECB's aggressive stimulus moves to combat the threat of deflation in the eurozone.In Tokyo afternoon trading, the European single currency slipped to $1.3537, compared with $1.3545 in US trade, while it also weakened to 138.45 yen against 138.64 yen.The dollar slipped to 102.27 yen from 102.35 yen on Tuesday in New York."Given the extremely light data calendar today, we expect range-trading," Credit Agricole said."The market will await the ECB officials to shed light on the details of the easing package in their speeches today."Last week, ECB policymakers launched unprecedented easing measures to bolster fragile eurozone growth, saying it would cut its deposit rate to negative territory. This means banks will be charged for leaving funds at the ECB in the hope they might lend to businesses ...


South Africa's rand, bonds weaken on downgrade fears JOHANNESBURG: The rand traded on the back foot against the dollar on Wednesday, lagging emerging market peers as a bleak economic outlook and expectations of ratings downgrades later this week applied pressure. By 0638 GMT, South Africa's currency weakened 0.4 percent at 10.7475 to the dollar, threatening the 10.80 support level that held firm last week. The rand is likely to trade with little impetus on Wednesday as investors await output data from the mining ...

South Korean won hovers near 6 year high, foreign capital inflow extended SEOUL: The South Korean won strengthened against dollar on Wednesday, lingering around a near six-year high on stock inflows and exporters' demand for settlements. The local currency was quoted at 1,015.7 per dollar at the end of onshore trade. During Tuesday, the won touched 1,015.5, the strongest level since Aug. 7, 2008.Local stocks finished steady, digesting a sharp rebound in the previous session, with the Korea Composite Stock Price Index (KOSPI) closing up 0.1 percent ...

Euro under a cloud in Asia, stocks sit on gains SYDNEY: The euro came under mounting pressure on Wednesday as the European Central Bank's embrace of negative interest rates encouraged flows out of the zone, while Asian shares consolidated near recent highs.The single currency was slipping across the board as investors looked to borrow euros at super-low rates and buy higher-yielding assets abroad, the so-called carry trade. "The chase for yield looks like it has further to run," said Shane Oliver, head of investment strategy ...

Australian dollar climbs to 7 month peak vs euro in yield search SYDNEY/WELLINGTON: The Australian dollar climbed to seven-month peaks against a soggy euro and Swiss franc on Wednesday, as investors continued their love affair with carry trades, giving it solid support versus its US counterpart. The euro fell to A$1.4431, its weakest level since November, having pierced key support at A$1.4500. It dipped to a one-month low of NZ$1.5819 against the New Zealand dollar. It has shed more than 4 cents against the Aussie in two ...

Euro under fire in Asia, stocks sit on gains SYDNEY: The euro came under mounting pressure on Wednesday as the European Central Bank's embrace of negative interest rates encouraged flows out of the zone, while Asian shares consolidated near recent highs. The single currency was slipping across the board as investors looked to borrow euros at super-low rates and buy higher-yielding assets abroad, the so-called carry trade. In contrast the dollar found support in a run of improving US economic data which pushed up ...

China's yuan breaks 3-day rising streak on central bank guidance HONG KONG/SHANGHAI: China's currency consolidated recent gains on Wednesday after the People's Bank of China fixed the daily yuan midpoint slightly weaker in line with a stronger dollar.The yuan edged lower against the dollar after rising for three consecutive days as investors braced for more volatility in the currency market after recent data showed the economy may have stabilised after a patch of weakness in the first quarter."The central bank has recently fine-tuned the yuan's ...


 



 
Index Closing Chg%
Arrow DJIA 16,351.38 1.82
Arrow Nasdaq 4,749.98 2.46
Arrow S&P 1,948.86 1.83
Arrow FTSE 6,083.31 0.41
Arrow DAX 10,048.05 0.32
Arrow CAC-40 4,554.92 0.30
Arrow Nikkei 18,095.40 0.39
Arrow H.Seng 20,934.94 1.18
Arrow Sensex 25,453.56 0.95





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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln