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Dollar rises as US retail sales perk up, yen retreats NEW YORK: The dollar gained on Thursday, buoyed by a surge in US retail sales in May that could push Federal Reserve policymakers toward raising US interest rates as early as September. The dollar, which had traded weakly over the previous three days, was up as much as 1.1 percent against the yen after posting on Wednesday its biggest single-day drop in six months versus the Japanese currency. American consumers last month increased spending by 1.2 percent after an upwardly revised 0.2 percent gain in April, the Commerce Department said. April sales were previously reported unchanged. Forecasters polled by Reuters had predicted a 1.1 percent increase in retail sales, following an unexpectedly robust jobs report last week that bolstered confidence in the US economic outlook and prospects for higher interest rates. "The market, which had been expecting something after September, now may be slipping more towards lift-off in September," said ...


Sri Lankan rupee steady on dollar selling by state bank COLOMBO: The Sri Lankan rupee traded steady as a state-run bank continued to sell dollars at 133.80 for the third day on Thursday, even as the central bank defended the spot currency via moral suasion, dealers said.Currency dealers said hopes the rupee would strengthen on rising inflows was fading as the currency has come under pressure after foreign investors too sold rupee bonds on Thursday.The spot currency traded unchanged as one of two state-run banks ...

South Africa's rand softer, could fall further on mine, factory data JOHANNESBURG: South Africa's rand traded softer against the dollar early on Thursday, with scope to extend losses should domestic mining and factory output data come out weaker than expected.At 0647 GMT, the local unit was trading down 0.35 percent at 12.3400 per greenback, compared with Wednesday's New York close at 12.3115.Government bonds were mostly flat, with the benchmark 2026 paper yielding half a basis point higher at 8.38 percent.Traders and analysts said mining production numbers ...

Kenyan shilling little changed ahead of budget reading NAIROBI: Kenya's shilling held steady against the dollar on Thursday ahead of a budget reading by the finance minister in parliament later in the day.At 0740 GMT, the shilling was trading at 97.05/15 to the dollar, barely changed from Wednesday's close of 97.10/20.Henry Rotich is expected to announce fresh measures to shore up growth in east Africa's biggest economy and expand the tax base to boost revenue collection. The IMF last week trimmed Kenya's growth ...

Yen retraces after rally as analysts tip further weakness TOKYO: The yen retreated against the dollar Thursday, giving up strong gains from the previous session spurred by comments from the head of Japan's central bank as analysts predicted further weakness ahead.On Thursday, the dollar fetched 123.31 yen from 122.67 yen in New York trading. The greenback topped the 125 yen level, a 13-year high, earlier this week.Bank of Japan chief Haruhiko Kuroda sent the yen soaring Wednesday when he said the Japanese currency's recent ...

Dollar strength returns after plunge against yen TOKYO: The dollar resumed its uptrend against the yen Thursday after suffering a sharp sell-off in the previous session, with analysts tipping the greenback to extend its gains.On Thursday, the dollar recovered some ground, buying 123.06 yen from 122.67 yen in New York trading. The greenback topped the 125 yen level, a 13-year high, earlier this week.Bank of Japan chief Haruhiko Kuroda sent the yen soaring Wednesday when he said the Japanese unit's recent sell-off ...

China's yuan flat, dollar supply-demand seen in balance SHANGHAI: China's yuan steadied against the dollar on Wednesday after the central bank set the daily guidance rate near unchanged, with traders saying dollar supply and demand were roughly in balance.The People's Bank of China (PBOC) set the midpoint rate at 6.1173 per dollar prior to market open, only 0.01 percent firmer than the previous fix at 6.1179.The spot market opened at 6.2053 per dollar and was changing hands at 6.2058 at midday, unchanged from ...


 



 
Index Closing Chg%
Arrow DJIA 17,757.91 0.79
Arrow Nasdaq 5,013.13 0.53
Arrow S&P 2,077.42 0.69
Arrow FTSE 6,608.59 1.34
Arrow DAX 11,180.50 2.15
Arrow CAC-40 4,883.19 1.94
Arrow Nikkei 20,329.32 0.46
Arrow H.Seng 26,250.03 1.09
Arrow Sensex 28,020.87 0.86





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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMay
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 01, 2015
Reserves $18.5 bln