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Turkish treasury sees March domestic borrowing 4.5bn lira ISTANBUL: The Turkish Treasury said on Friday it planned to borrow 4.5 billion lira ($1.79 billion) from domestic markets in March against domestic redemptions of 5.4 billion lira. Borrowing in April is seen at 11.5 billion lira against redemptions of 13.3 billion. In May, the treasury plans to borrow 9.5 billion lira on redemptions of 11.9 billion. Copyright Reuters, 2015


Nigeria's naira in biggest monthly fall for five years LAGOS: Nigeria's currency suffered its biggest monthly fall in over five years this February, dealers said, citing concerns over political uncertainty and the central bank's ability to manage a currency hammered by weak oil prices. The naira shed 8.3 percent to the dollar in February, dealers said, worse than a 6.9 percent fall in November after central bank devalued the currency by 8 percent in order to save its foreign reserves.However, reserves have fallen steadily ...

Sri Lankan rupee forwards end weaker on importer dollar demand COLOMBO: Sri Lankan rupee forwards ended weaker on Friday due to importer dollar demand amid a rise in bond yields, while the central bank said it would scrap a lower repo penalty rate of 5 percent from March 2. Bond yields went up on the central bank's surprise decision and on expectation it would raise overnight rates, said bond dealers. "The decision will ease the pressure on the rupee," said a currency dealer.One-week forwards, which ...

Dollar on track for eighth month of gains on US data LONDON: The dollar index slipped on Friday, pegged back by month-end selling, but was still on track for its eighth straight month of gains on better data and comments from Federal Reserve officials that bolstered bets for a rate rise this year.The index, which measures the dollar's performance against major currencies, was set to mark its longest streak of monthly gains since the greenback was floated as a fiat currency in 1971.On the day however, ...

Norway to sell NOK 700mn of FX per day in March OSLO: Norway's central bank will sell foreign exchange equivalent of 700 million Norwegian crowns ($91.60 million) per day in March after selling the same amount of currency per day in February, it said in a statement on Friday.The bank is selling the currency because the government's transfers to its $880 billion sovereign wealth fund have been smaller than earlier expected and the budget is spending more of its oil related income.The bank usually puts foreign ...

Sri Lankan rupee forwards weaker on importer dollar demand COLOMBO: Sri Lankan rupee forwards traded slightly weaker on Friday due to importer dollar demand, while traders awaited the results of open market operations to find clues to interest rate direction, dealers said.One-week forwards, which were active, traded a tad weaker at 133.45/55 per dollar compared with Thursday's close of 133.40/45."Traders and exporters are waiting to see whether the central bank jacks up overnight rates," said a currency dealer.The spot currency was steady at 132.90/133.10 ...

China outstanding QFII quota at $70bn at end February BEIJING: The outstanding amount of China's dollar-denominated Qualified Foreign Institutional Investor (QFII) programme rose to $69.7 billion at the end of February, China's currency regulator said on Friday.The quota was worth $68 billion at the end of January. The QFII programme was created years ago by China to allow foreigners to invest in Chinese capital markets.Norges Bank, Norway's central bank which manages the country's sovereign wealth fund, was given another $1 billion QFII quota in ...


 



 
Index Closing Chg%
Arrow DJIA 17,856.78 1.54
Arrow Nasdaq 4,927.37 1.11
Arrow S&P 2,071.26 1.42
Arrow FTSE 6,911.80 0.71
Arrow DAX 11,550.97 0.41
Arrow CAC-40 4,964.35 0.02
Arrow Nikkei 18,971.00 1.17
Arrow H.Seng 24,164.00 0.12
Arrow Sensex 29,448.95 0.23







ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyDecember
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $16.137 bln