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Britain opens criminal probe into foreign exchange rigging LONDON: Britain's fraud agency on Monday said it has launched a criminal probe on Monday into allegations of price rigging in foreign exchange markets.The investigation into "fraudulent conduct" comes after EU, British, and US and other regulators have levied huge fines on some of the world's biggest banks and investment houses for manipulating financial markets worth trillions of dollars."The director of the Serious Fraud Office has today opened a criminal investigation into allegations of fraudulent conduct in the foreign exchange market," it said in a statement, without giving further details.Reports said the investigation was expected to centre on whether traders personally benefitted from manipulating foreign exchange market benchmarks.The Serious Fraud Office had previously said that it was looking at "complex" evidence before deciding whether to launch an inquiry. Barclays, HSBC and Royal Bank of Scotland have all confirmed that they are part of the ongoing forex market investigations.Deutsche Bank, Swiss ...

South Korea won rises, stocks touch a 2014 peak before ending flat SEOUL: The South Korean won edged up on Monday as foreign investors sold dollars as worry about global geopolitical tensions appeared to ease, while stocks ended flat.The local currency closed up 0.26 percent at 1,026.8 against the dollar versus Friday's close of 1,029.5. The won was at its strongest in five days.The Korea Composite Stock Price Index (KOSPI) was quoted at 2,018.50 points at the end of Monday's session, down 0.05 percent from Friday's onshore ...

Euro recovers against dollar; yen supported as stocks slip LONDON: The euro climbed against the dollar on Monday as subdued U.S. yields capped the greenback, while the yen was supported by safe-haven inflows.Volumes, though were light due to a holiday in Japan. Germany's stock index dropped 1 percent in early European trade to a two-month low, helping the yen, which is often sought during times of financial market stress and uncertainty over growth.The euro eased 0.1 percent against the yen to 136.92 yen , ...

Asian currencies rise, baht hits 7-month high, but traders remain cautious SINGAPORE: Most Asian currencies rose on Monday, with the Thai baht touching a seven-month high, as investor risk aversion showed signs of easing, although market players remained cautious about geopolitical risks.Asian currencies had slipped late last week after the downing of a Malaysian airliner over eastern Ukraine on Thursday stoked geopolitical tension and made investors wary of riskier assets.Their drop on Friday proved mild, however, and emerging Asian currencies have since regained their footing.Heightened fears ...

Kenyan shilling steady, seen gaining NAIROBI: The Kenyan shilling was steady on Monday but traders said it could firm in coming days on dollar inflows from foreign investors bidding for a Treasury bond later this week.At 0744 GMT, commercial banks quoted the shilling at 87.70/90 to the dollar, compared with Friday's close of 87.75/85."It's likely there could be some dollar inflows into the market," said Nahashon Mungai, trader at KCB Bank Group, in reference to the two-year bond reopening.The central ...

Sterling subdued by weak data; lags dollar on safety bids LONDON: Sterling edged down on Monday as traders continued to be cautious over events in Ukraine and Gaza and as data added to a sense that Britain's economic recovery might be coming off the boil.Numbers released on Monday showed British consumer confidence dipped for the first time in 2014 in June, with spending on gas and electricity around 2.5 percent lower than a year ago.Separate data showed asking prices for British houses had fallen for ...

Sri Lanka sees $307mn govt securities outflow; central bank says no impact on rupee COLOMBO: Offshore investors sold 40 billion rupees ($307.13 million) worth of Sri Lankan government securities last week, official data showed on Monday, but the central bank said this would not affect the rupee.The total foreign holding in government securities in the week ended on July 11 stood at 509.59 billion rupees, of which foreign investors sold 7.9 percent, official data showed.The sudden outflow reduced the foreign holding in total outstanding government securities to less than ...


Index Closing Chg%
Arrow DJIA 17,813.39 0.01
Arrow Nasdaq 5,116.15 0.26
Arrow S&P 2,088.87 0.01
Arrow FTSE 6,393.13 0.88
Arrow DAX 11,320.77 1.35
Arrow CAC-40 4,946.02 1.08
Arrow Nikkei 19,944.41 0.49
Arrow H.Seng 22,488.94 0.04
Arrow Sensex 25,958.63 0.71

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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln