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Kenyan shilling dips, stocks close higher NAIROBI: The Kenyan shilling weakened on Tuesday, pressured by demand for dollars from importers amid scant hard currency inflows.At close of trade at 1300 GMT, commercial banks quoted the shilling at 89.00/10 to the dollar, compared with Monday's close of 88.90/89.00.Late in the session, the shilling touched 89.05/25, its weakest since mid-December 2011 when it hit 89.10/20, according to Thomson Reuters data.Traders said there was little dollar inflow from the tea and tourism sectors, which are leading foreign exchange earners, to meet increased demand from importers."I think it is just adjusting slowly upwards. It seems there's some (dollar) demand," John Muli, trader at African Banking Corporation, said.The market was also awash with the local currency due to renewed government spending and maturing bonds, traders said.During the session, the central bank mopped up 3.4 billion shillings from the money market using repurchase agreements. It had sought to absorb 10 billion shillings ...


C$ lifted by factory data; eyes on Bank of Canada TORONTO: The Canadian dollar strengthened against the greenback on Tuesday after data showed factory sales rose strongly in July, with the currency extending its recovery from the more than five-month low it hit the previous session.Markets were looking ahead to a speech by the head of the Bank of Canada later in the day. In his first speech since the central bank reaffirmed its neutral policy stance earlier this month, Governor Stephen Poloz will talk ...

Dollar inches lower ahead of Fed meeting outcome NEW YORK: The dollar slipped on Tuesday as investors booked profit on the currency's recent rally ahead of a Federal Reserve meeting that could potentially turn more upbeat on the U.S. economy and flag an interest-rate increase sooner rather than later.The dollar index, a measure of the greenback's value against six major currencies, was on track for its 10th weekly gain. Since May, the index has gained nearly six percent, but on Tuesday, it dipped ...

Sterling slips, but no sign of panic as Scottish vote nears LONDON: Sterling dipped towards recent lows on Tuesday, two days before Scotland's independence vote, keeping the cost of hedging against sharp swings in the pound over the next week at its highest in four years.Investors briefly focused on UK inflation data, after days of heated debate on the Scottish referendum, in which the pound is centre-stage. But consumer price rises slowed as forecast, barely diverting attention from the possible break-up of the United Kingdom.Annual inflation ...

Dollar firms in Asia before Fed policy meeting TOKYO: The dollar picked up in Asia on Tuesday ahead of a US central bank policy meeting, with investors looking for signs of an earlier-than-expected interest rate hike.In afternoon Tokyo trade, the greenback strengthened to 107.22 yen, after briefly falling below the 107-yen level earlier in the day. The unit bought 107.18 yen in New York on Monday.The euro slipped to $1.2935 from $1.2940 in US trade, while it fetched 138.68 yen against 138.69 yen.The ...

Taiwan dollar, Philippine peso at around 4-month lows on Fed caution SINGAPORE: The Taiwan dollar and the Philippine peso fell to around four-month lows on Tuesday as caution prevailed over whether the US Federal Reserve will signal the timing of its next rate hike after a policy meeting starting later in the day.China's yuan slid for the fourth straight day after the central bank set a weaker midpoint and on weak foreign direct investment figures.The Taiwan dollar eased as much as 0.2 percent to 30.173 per ...

Rouble plumbs new depths as sanctions 'panic' weighs MOSCOW: The struggling Russian rouble plumbed new depths on Tuesday as punitive economic sanctions, sinking oil prices and an acute dollar shortage combined to trigger what some observers called a mood of panic on the currency market.The same factors have driven the Russian currency lower since the middle of last week, leading traders to position for further weakness, and by 0900 GMT, the rouble was 0.82 percent weaker against the dollar at 38.71 and had ...


 



 
Index Closing Chg%
Arrow DJIA 17,055.87 0.68
Arrow Nasdaq 4,508.69 0.42
Arrow S&P 1,982.77 0.58
Arrow FTSE 6,676.08 1.44
Arrow DAX 9,595.03 1.58
Arrow CAC-40 4,359.35 1.87
Arrow Nikkei 16,205.90 0.71
Arrow H.Seng 23,837.07 0.49
Arrow Sensex 26,775.69 1.58






Banking Review 2013


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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 18, 2014
Reserves $13.525 bln