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Dollar hits new ruble record as oil plunges TOKYO: The dollar hit a new record against the ruble in Asia Tuesday as plunging oil prices and geopolitical tensions slam the Russian economy, while worries about the global outlook push investors fleeing for safe investments.The rout on world crude has sent global equities tumbling, choking any appetite for risky bets -- pushing the yen higher and hitting emerging markets, with the Indonesian rupiah at a fresh 16-year low.Russia's central bank earlier Tuesday hiked interest rates from 10.5 percent to 17 percent to halt a slide in the ruble, which has come as the country is battered by slumping oil prices and Western sanctions for Moscow's support for Ukrainian separatists. In Asia on Tuesday afternoon the dollar bought 60.27 rubles.Russia has warned the economy could contract nearly five percent next year."Oil prices continue to slide, and that is now the chief worry to Russia, which is essentially an oil-exporting economy," ...


South Korean won touches 5-week high on firmer yen; shares fall SEOUL: The South Korean won climbed to a five-week high against the dollar on Tuesday, with the greenback being dragged by safe-haven moves to the yen as well as caution ahead of a Federal Reserve policy meeting starting later in the day.The won was quoted at 1,086.7 to the dollar at the conclusion of onshore trade, compared to Monday's close of 1,099.1.South Korean shares fell, closing just barely above a 2-month low as a relentless ...

Dollar hits new ruble record as oil plunges TOKYO: The dollar hit a new record against the ruble in Asia Tuesday as plunging oil prices and geopolitical tensions slam the Russian economy, while worries about the global outlook send investors fleeing for safe investments.The rout on world crude has sent global equities tumbling, choking any appetite for risky bets -- pushing the yen higher and hitting emerging markets, with the Indonesian rupiah at a new 16-year low.Russia's central bank earlier Tuesday hiked interest ...

Indian rupee hits 13 month low on global econ fears; trade data MUMBAI: The rupee weakened to its lowest level in 13 months on Tuesday as markets in the region tumbled after a sharp rate hike in Russia further raised concerns about the global economy at a time when India's trade deficit is already widening. Sliding oil prices and a downbeat China factory survey weighed on Asian shares on Tuesday, while the rouble jumped after Russia sharply increased its benchmark interest rate in a bid to halt ...

China's yuan falls on central bank guidance, weak flash PMI HONG KONG: China's yuan fell against the dollar on Tuesday as the central bank set a weaker midpoint, andon further indications that China will roll out more stimulus measures to shore up the sluggish economy.The People's Bank of China (PBOC) fixed the official midpoint at 6.1182 per dollar, down 0.05 percent from the previous day's 6.1152.Spot yuan changed hands at 6.1943 near midday, down 0.05 percent from Monday's close at 6.1912."There have been many explanations ...

Australia & NZ dollars pinned down by China, yen rally SYDNEY/WELLINGTON: The Australian dollar fell to 4-1/2-year lows on Tuesday, while the New Zealand dollar struggled as growth concerns in China and plunging oil prices encouraged investors to buy the safe haven yen. The Australian dollar was at $0.8222, having touched $0.8200, its weakest since mid-2010 and an area packed with option barriers. A clear break would target the 2010 low of $0.8066. It got cold-shouldered after China's factory activity slowed more than expected last ...

Yen firm as oil slump curbs risk appetite, rouble rebounds sharply TOKYO: The yen hit a two-week high versus the dollar on Tuesday as investors shunned riskier assets, while the rouble - a major victim of plunging oil prices - rebounded after the Russian central bank hiked rates to halt its currency's collapse. The slide in oil prices has triggered a bout of volatility in global markets in recent weeks, leaving nervous investors fretting over the deteriorating health of the global economy. Adding to the anxiety ...


 



 
Index Closing Chg%
Arrow DJIA 17,804.80 0.15
Arrow Nasdaq 4,765.38 0.36
Arrow S&P 2,070.65 0.46
Arrow FTSE 6,545.27 1.23
Arrow DAX 9,786.96 0.25
Arrow CAC-40 4,241.65 0.18
Arrow Nikkei 17,621.40 2.39
Arrow H.Seng 23,116.63 1.25
Arrow Sensex 27,371.84 0.90






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyOctober
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln