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Dollar gains against euro on Greece worries; kiwi plunges NEW YORK: The US dollar rose against the euro on Monday on renewed worries over a Greek exit from the eurozone, while the New Zealand dollar hit more than seven-week lows against the greenback on speculation the country's central bank could cut rates.Greece, which must repay a 750 million euro loan to the International Monetary Fund on Tuesday, faces the risk of default and being forced out of the eurozone. Eurozone finance ministers meet on Monday to discuss a cash-for-reforms deal for Athens. "The market's focus was distracted away from Greece last week with the UK elections and the (U.S.) payroll data," said Richard Scalone, co-head of foreign exchange at TJM Brokerage in Chicago. "The second that was out of the way, (investors) jumped on it."U.S. non-farm payrolls data released last Friday was mixed.Scalone said investors saw some risk of a Greek default. The chances that Greece will leave the ...

Sri Lankan rupee forwards weaker on importer dollar demand COLOMBO: Sri Lankan rupee forwards ended slightly weaker on Monday due to importer dollar demand, though the central bank's moral suasion capped the fall, dealers said.The market expects the downward pressure on the currency to remain due to lower interest rates and rising importer dollar demand, dealers said.Actively traded two-month forwards ended at 135.65/75 per dollar weaker from Friday's close of 135.55/60. One-month forwards were also steady at 134.70/90 per dollar as the central bank ...

Sterling holds post-election gains as focus shifts to data, BoE LONDON: Sterling hovered near two-month highs against the dollar on Monday, buoyed by an election that produced a Conservative majority, with the focus turning to economic data and when the Bank of England might hint when it will lift interest rates. BoE's monetary policy committee kept rates steady as expected on Monday at the record low of 0.5 percent.It issued no statement but Governor Mark Carney is due to give a quarterly update on forecasts ...

Euro turns down ahead of Greece debt meeting TOKYO: The euro slipped in Asia on Monday ahead of a crucial eurozone meeting that Greece hopes will pave the way for a long-awaited bailout deal, while the dollar picked up on a strong US jobs report.In Tokyo, the single currency bought $1.1154 and 133.74 yen, down from $1.1208 and 134.25 yen in New York on Friday.The dollar changed hands at 119.90 yen, against 119.77 yen in US trade.The euro was under pressure as investors ...

Kenyan shilling slips, shares tread water NAIROBI: Kenya's shilling weakened against the dollar on Friday and traders said it would slide further, hurt by concerns about rising imports and falling tourism revenues.At the 1300 GMT close of trade, the shilling was posted at 95.400/50 to the dollar, down from Thursday's close of 95.25/35.Bobby Otieno, treasurer at Ecobank Kenya, said some importers were frontloading their dollar requirements due to worries over the weakening of the shilling, thus driving up demand."They are hedging ...

South Africa's rand gains after US jobs underwhelms JOHANNESBURG: South Africa's rand gained over one percent against the dollar on Friday as jobs gains in the US underwhelmed, helping to boost emerging market assets. At 1400 GMT the rand firmed 0.94 percent to 11.9275, having climbed over a percent after non-farm payrolls data showed the United States added 223,000 jobs in April, just shy of market expectations but above the crucial 200k mark. The March jobs figure was revised downwards to 85,000 from ...

Latin American currencies rally after US jobs data RIO DE JANEIRO: Latin American currencies gained on Friday as investors considered US jobs data not strong enough to justify an immediate interest-rate hike by the US Federal Reserve.The Brazilian real rallied 1.3 percent, leading gains among currencies in the region, after the data showed US job growth rebounded last month while the unemployment rate dropped to its lowest since May 2008.However, March payrolls were revised down to show that job creation that month was ...


Index Closing Chg%
Arrow DJIA 18,232.02 0.29
Arrow Nasdaq 5,089.36 0.03
Arrow S&P 2,126.06 0.22
Arrow FTSE 7,031.72 0.05
Arrow DAX 11,815.01 0.42
Arrow CAC-40 5,142.89 0.07
Arrow Nikkei 20,264.41 0.30
Arrow H.Seng 27,992.83 1.70
Arrow Sensex 27,957.50 0.53

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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 $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyMay 21, 2015
Reserves $17.75 bln