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Kenyan shilling steady, seen firming on bond inflows NAIROBI: The Kenyan shilling was steady on Thursday, with traders expecting it to strengthen because of foreign investors selling dollars to pay for Treasury bonds auctioned in the previous session.At 0822 GMT, commercial banks quoted the shilling at 83.65/85 against the dollar, the same level it closed at on Wednesday."Demand (for dollars) is muted for now, but we expect to see offshore investors coming in to sell dollars today and tomorrow before the payments fall due on Monday," said Julius Kiriinya, a trader at African Banking Corporation.The central bank auctioned five- and 15-year bonds worth a total of 25 billion shillings ($298.51 million) on Wednesday. It received bids worth 56.6 billion shillings and accepted 35.8 billion shillings."Most of these bids were from offshore people looking for good rates in Kenyan debt," said Robert Gatobu, a trader at Bank of Africa. "The shilling could firm on these flows."Demand for Kenyan assets ...


Swiss franc nears six-week low vs euro ZURICH: The Swiss franc traded close to a six week low against the euro on Thursday as investors bought the single currency to cover short euro-dollar positions taken in the wake of data showing weakening business sentiment in Germany.Market chatter continued to circulate that the Swiss National Bank could raise the 1.20 francs per euro floor it imposed 19 months ago to stave off recession, keeping the franc under pressure.The SNB has declined to comment ...

Sterling rises as market anticipates UK recession verdict LONDON: Sterling rose on Thursday on expectations that UK GDP data would show the economy grew slightly in the first quarter, avoiding a "triple dip" recession.However, the margin was slim and economists saw a risk of a negative reading when the figures are released at 0830 GMT.Analysts said the pound would be vulnerable to a more pronounced reaction if the economy is shown to have contracted, because the balance of expectations was that the UK ...

Dollar slips in Asia, eyes on BoJ meeting TOKYO: The dollar slipped in Asia Thursday following poor US economic data, while dealers await a Bank of Japan meeting to see if it will add to this month's huge stimulus measures aimed at boosting the economy.The dollar fetched 99.30 yen in afternoon Tokyo trade, slightly down from 99.51 yen in New York on Wednesday.The euro gained to $1.3043 from $1.3013 and to 129.55 yen from 129.50 yen.US durable goods orders plunged 5.7 percent from ...

Dollar slips in Asia, eyes on BoJ meeting TOKYO: The dollar slipped in Asia Thursday following poor US economic data, while dealers await a Bank of Japan meeting to see if it will add to this month's huge stimulus measures aimed at boosting the economy.The dollar fetched 99.48 yen in morning Tokyo trade, slightly down from 99.51 yen in New York on Wednesday.The euro gained to $1.3026 from $1.3013 and to 129.62 yen from 129.50 yen.US durable goods orders plunged 5.7 percent from ...

Bond prices edge up after weak data, good auction NEW YORK: US Treasuries prices edged up on Wednesday as unexpectedly weak data on durable goods orders supported safe-haven demand for bonds and after solid demand for an auction of five-year notes.The US Treasury Department sold $35 billion in new five-year notes in the afternoon. Indirect bidders took a higher-than-average 43.6 percent of the auction, which investors viewed as an encouraging sign of demand from overseas central banks. That came on the heels of an ...

Dinar posts gains vs euro on Serbia's EU prospects BELGRADE: The Serbian dinar rallied to a two-month high versus the euro on Wednesday on increased investor interest, boosted by the country's recent deal with Kosovo that paved the way for a start of European Union accession talks this year.The currency traded at 110.9 per euro at 1300 GMT, the first time it strengthened to below 111 per euro since mid-February."Positive political developments and an increased offer of euros on the interbank market, mainly by ...


 



 
Index Closing Chg%
Arrow DJIA 17,810.06 0.51
Arrow Nasdaq 4,712.97 0.24
Arrow S&P 2,063.50 0.52
Arrow FTSE 6,750.76 1.08
Arrow DAX 9,732.55 2.62
Arrow CAC-40 4,347.23 2.67
Arrow Nikkei 17,357.51 0.33
Arrow H.Seng 23,437.12 0.37
Arrow Sensex 28,334.63 0.95






Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln