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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 at 1 pm. It's just short covering (of dollar positions)," a senior trader at one commercial bank said.Major roads in the capital Nairobi will be closed to the public for several hours in the afternoon before Obama's arrival to attend a global entrepreneurship summit.The shilling has benefited this week from a liquidity squeeze in the money markets that forced banks to cut their hard currency holdings to meet their local currency funding needs.The weighted average ...

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 ...

Sterling sharply higher after BoE stokes rate rise bets LONDON: Sterling jetted higher on Wednesday, supported by more suggestions from the minutes of the Bank of England's last meeting and a magazine interview that policymakers are edging towards voting for an interest rate rise. There have been a handful of indications this month of a changing of the tide at the bank and the minutes of the meeting on July 8 showed "a number" of policymakers viewed the decision on whether to raise rates ...

Turkey's lira hits weakest in a month on security worries ISTANBUL: Turkey's lira slid to its weakest in a month on Wednesday, hit by security worries after Kurdish militants claimed responsibility for killing two police offers after an Islamic State suicide bombing this week.The bloodshed in towns along Turkey's 900 km (560 mile) border with Syria has given investors further pause when they are already worried by slowing growth, a crumbling currency and political instability after the ruling AK Party failed to win a single-party ...

Dollar rebounds after drop, sterling rises NEW YORK: The dollar rose on Wednesday after its biggest fall in a month the previous session, while sterling gained in response to minutes from the Bank of England's last meeting that suggested some policymakers support higher interest rates. The yen held its ground against the dollar and strengthened against the euro after Bank of Japan Governor Haruhiko Kuroda on Tuesday said he expected inflation to accelerate and brushed off the idea of more monetary ...


Index Closing Chg%
Arrow DJIA 17,598.20 0.52
Arrow Nasdaq 5,115.38 0.25
Arrow S&P 2,098.04 0.25
Arrow FTSE 6,688.62 0.11
Arrow DAX 11,443.72 1.19
Arrow CAC-40 5,120.52 0.75
Arrow Nikkei 20,548.11 0.11
Arrow H.Seng 24,411.42 0.91
Arrow Sensex 28,187.06 0.26

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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-22.095 bln
Exports $23.885 bln
Imports $45.980 bln
WeeklyAugust 03, 2015
Reserves $18.536 bln