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Sterling races to 5-month high on robust UK data, awaits BoE report LONDON: Sterling hit a five-month high on Tuesday, rising past $1.57 against the dollar after better-than-expected industrial output data bolstered the view that the British economy is outpacing many of its developed world peers.Industrial output rose 0.5 percent in March -- the strongest growth since September and above economists' forecasts of no change -- after inching up 0.1 percent in February, the Office for National Statistics said. That led to talk that first-quarter growth data for Britain maybe revised upwards.Leading economic research body the National Institute of Economic and Social Research said Britain's economy probably grew by 0.4 percent in the three months to April.Sterling rose to $1.5710, the highest since mid- December, before slipping back to $1.5665 in afternoon trade, still up 0.5 percent on the day. It rose past its 200-day moving average of $1.5624, and a close above which would be a bullish short-term signal, chartists said.The ...


Kenyan shilling gains slightly on central bank dollar sale NAIROBI: Kenya's shilling recovered some of its losses on Tuesday when the central bank sold dollars to the interbank market, traders said, and the bank warned it would act to curtail speculation in the currency.Traders at commercial banks said the central bank sold an undisclosed amount of dollars after the shilling weakened to lows last seen in November 2011. The intervention buoyed the shilling, although it remained at three-year lows, where it has traded for ...

Higher crude prices, weaker greenback lift Canadian dollar TORONTO: Higher crude prices helped the Canadian dollar strengthen against a broadly weaker US dollar on Tuesday, but trading stayed within its recent band due to a dearth of economic data to inspire moves, and direction was likely to come from oil and wider market sentiment.The weaker greenback and the ongoing conflict in Yemen pushed the price of crude, a key Canadian export, higher, despite Saudi Arabia's announcement of record oil output last month.At 9:12 ...

Euro turns up as Greek bailout talks drag on TOKYO: The euro rallied Tuesday after turning down following a eurozone finance ministers' meeting that failed to reach an agreement on debt-wracked Greece's bailout reform.Athens managed to garner enough money to repay the International Monetary Fund 750 million euros and avoid a default, keeping it from tumbling out of the eurozone for now.But analysts warned over euro weakness as Athens faces another cash crunch in a matter of weeks.In Tokyo afternoon trading, the euro rose ...

C$ softens as Greece, China worries push greenback higher TORONTO: The Canadian dollar gave up some of last week's gains against US dollar on Monday as the greenback strengthened broadly, while easing prices for crude, a major Canadian export, kept the loonie under pressure.The market also continued to feel the impact of Friday's US employment data, which showed a rebound in job growth in April and a lower unemployment rate."The drivers today: it's really US dollar strength, which was the default bid for nonfarm ...

South Africa's rand slides as Greek fears weigh on EM currencies JOHANNESBURG: South Africa's rand fell more than 1 percent against the dollar on Monday, tracking a downward slide in emerging markets after investors were spooked by fears that Greece could default on its debt.A rate cut in China, the world's second largest economy, also dampened appetite for commodity currencies like the rand, analysts said.The rand hit a session low of 12.0585 to the greenback, and was trading at 12.0525 by 1518 GMT, down 1.06 percent ...

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 ...


 



 
Index Closing Chg%
Arrow DJIA 18,041.54 1.04
Arrow Nasdaq 5,032.75 1.11
Arrow S&P 2,104.20 1.03
Arrow FTSE 6,948.99 1.18
Arrow DAX 11,625.13 1.61
Arrow CAC-40 5,083.54 0.66
Arrow Nikkei 20,437.48 0.12
Arrow H.Seng 28,249.86 0.92
Arrow Sensex 27,531.41 0.41





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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%
MonthlyApril
Trade Balance $-1.795 bln
Exports $1.995 bln
Imports $3.790 bln
WeeklyMay 26, 2015
Reserves $17.749 bln