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Euro dips, markets mostly up as Greece talks drag on HONG KONG: The euro edged down Monday but stock markets mostly rose as European leaders presented Greece with a painful set of demands to secure a debt bailout or face a eurozone exit. Traders also took some support from figures showing a pick-up in Chinese exports that tempered worries about the country's economy and provided some stability to Shanghai stocks after weeks of fierce volatility.During the high-stakes summit talks, Germany and other eurozone leaders handed Greece a brutal ultimatum for desperately needed bailout cash Sunday, with Chancellor Angela Merkel pushing for a temporary euro exit -- or "time out" -- if it does not agree.However, there was still no agreement early Monday morning despite more than 10 hours of talks, with Greece's economy and banking system at risk of imminent collapse.Athens said the plans were "very bad", but with its lenders on the brink it looked to have little choice ...

Egyptian pound steady at auction, stronger on parallel market CAIRO: Egypt's central bank held the Egyptian pound steady at 7.73 per dollar for the third straight foreign exchange auction on Sunday after a depreciation earlier this month. The currency strengthened on the parallel market. The central bank said it had offered $40 million and sold $37.5 million at a cut-off price of 7.7301 pounds per dollar , unchanged from Thursday's rate. The central bank had held the pound at 7.5301 for the past five ...

Sterling moves up along with euro on Greek deal optimism LONDON: Sterling climbed against the dollar on Friday, drawing support from a euro rally fueled by optimism that Greece was making progress in its efforts to secure more funding and stay in the currency union.Sterling had fallen to a one-month low earlier in the week as the dollar surged on interest rate differentials moving in its favour, but it was then boosted by a British budget that was less austere than many had expected and ...

Nigeria naira hits fresh low on black market as govt funds hit currency LAGOS: Nigeria's naira hit fresh lows against the dollar on the parallel market on Friday, after a government liquidity injection to help cash-strapped states offset a funding crisis hit the currency, traders said. The currency of Africa's biggest economy fell to a new record low of 240 on the parallel market, down 2.1 percent on the day, as persistent dollar shortages continued, two traders said. Aminu Gwadabe, president of Nigeria's Bureau de Change association said ...

Greek deal optimism sees euro jump 2 percent vs yen LONDON: The euro rose across the board on Friday, jumping 2 percent against the yen, on optimism that Greece was making progress in its efforts to secure funding and stay in the single currency. The yen and Swiss franc, currencies which tend to do well during turmoil in financial markets, both lost ground as demand for riskier assets picked after Chinese shares rebounded. The euro climbed 2 percent against the yen to a one-week high ...

Sri Lanka rupee ends steady amid thin trade COLOMBO: The Sri Lankan rupee ended steady for a sixth straight session on Friday in dull trade as demand for more dollars by importers was offset by selling of the greenback at 133.60 by a state-run bank, dealers said. The state-owned bank, through which the central bank usually directs the market, has kept the selling rate of the dollar at 133.60 since July 2, dealers said. "There was (importer) dollar demand today. The state bank ...

Yen, Swiss franc weaken as China stocks gain, Greek fears ease NEW YORK: The safe-haven yen and Swiss franc fell on Thursday after Chinese stocks rebounded and worries about Greece eased somewhat as Europe awaited reform proposals from the debt-burdened country to back its request for another three-year loan.The 6 percent gain in Shanghai shares was enough to restore optimism from investors after a rough month dominated by Greece's troubles and a more than 30 percent drop in China's main stock market indexes.Those elements were behind ...


Index Closing Chg%
Arrow DJIA 17,689.86 0.03
Arrow Nasdaq 5,128.28 0.01
Arrow S&P 2,103.84 0.23
Arrow FTSE 6,696.28 0.41
Arrow DAX 11,308.99 0.46
Arrow CAC-40 5,082.61 0.72
Arrow Nikkei 20,585.24 0.30
Arrow H.Seng 24,636.28 0.56
Arrow Sensex 28,114.56 1.48

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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 $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln