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Rupiah hits 2-week high as central bank meets after fuel price hike; Asia FX down SINGAPORE: Indonesia's rupiah touched a two-week high on Tuesday with some expectations that its central bank may raise interest rates a day after President Joko Widodo announced a long-awaited increase in subsidised fuel prices.The government is expected to save up to 140 trillion rupiah ($11.5 billion) next year after the fuel price hike, Finance Minister Bambang Brodjonegoro said.The increases of more than 30 percent is also seen helping bring down both the fiscal and current account deficits.The rupiah earlier rose as much as 0.8 percent to 12,100 per dollar, its strongest since Nov. 5. The 10-year government bond yield fell to as low as 7.886 percent, its lowest since Sept. 15. Jakarta shares ended up nearly 1 percent at 5,102.47, an intraday high and the highest close since Oct. 23.The Indonesian currency pared some of its earlier gains as economists were split over whether the central bank would raise interest ...

Sterling edges up vs dollar as British inflation off lows LONDON: Sterling edged up against the dollar on Tuesday after data showed UK inflation picking up slightly in October, providing some relief for investors expecting a lower number after recent comments from the Bank of England.Consumer prices rose by an annual 1.3 percent in October, up from September's five-year low of 1.2 percent and in line with economists' forecasts in a Reuters poll. Core inflation held steady at 1.5 percent.Sterling hit a day's high of ...

Rouble in modest bounce; rand, lira also rise on dollar pullback LONDON: The rouble jumped 0.8 percent on Tuesday and Russian shares rose after the European Union held off imposing new sanctions though broader emerging equities slipped for the fourth day, their mood soured by weak Chinese housing data.The rouble rose to a five-session high to the dollar as European Union governments sounded the alarm on an upsurge in violence in Ukraine but took no action to impose further sanctions on Moscow.Other emerging currencies such as ...

Indian rupee ends little changed on EU, Japan stimulus hopes MUMBAI: The Indian rupee ended little changed on Tuesday after earlier hitting a one-month low as oil companies accelerated dollar purchases, offsetting optimism that new stimulus measures in Japan would continue to push foreign investors into emerging markets.European shares rose and bond yields fell on Tuesday on strong German investor sentiment data and hopes that a possible snap election in Japan might lead to more economic stimulus measures.Any measures by Japan to stimulate its economy ...

Euro inches higher, eyes on Japan PM, ZEW LONDON: The euro clawed back some ground against the dollar in a choppy start to trade in Europe on Tuesday, with investors looking to the ZEW survey of German investor sentiment and events in Japan and the United States later for new direction. The yen ticked lower on confirmation that Japanese Prime Minister Shinzo Abe will hold a news conference after 1010 GMT, widely expected to announce a snap election and delay a hike in ...

Sterling edges up vs dollar as UK inflation picks up a little LONDON: Sterling edged up to a day's high against the dollar on Tuesday after data showed UK inflation picking up slightly in October, providing some relief to markets that had expected a softer number after dovish recent comments from BoE policymakers. Consumer prices rose by an annual 1.3 percent in October, compared with a five-year low of 1.2 percent in September and in line with economists' forecasts in a Reuters poll, the Office for National ...

South Africa's rand, bonds hold steady, look offshore for direction JOHANNESBURG: South Africa's rand held steady against the dollar early on Tuesday as it waited for direction from abroad, while lower oil prices and Japan's slip into recession supported government debt. AT 0640 GMT the rand nudged up to 11.1175 to the dollar, off a 11.1345 close in New York on Monday. The currency was trading within Monday's levels, with little on the domestic calendar to inspire moves in either direction. Local factors will come ...


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

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