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South Korea won inches up ahead of US key jobs data; shares fall SEOUL: The South Korean won inched up to the dollar on Thursday as some traders trimmed dollar-long positions ahead of US non-farm payrolls data due late in the week. The won closed up 0.6 percent at 1,166.2 to the dollar after touching a three-year low of 1,175.1 in the previous session. The Korea Composite Stock Price Index (KOSPI) closed down 0.8 percent at 2,013.29 points, with market bellwether Samsung Electronics Co Ltd and Hyundai Motor Co Ltd falling 3.8 percent and 4.1 percent, respectively. Foreign and local institutional selling in KOSPI shares weighed on the main bourse, offloading a net 87 billion won ($74.60 million) and 145.3 billion worth of stocks each, preliminary data showed. Copyright Reuters, 2015


Brazil's real plunges further on Rousseff poll SAO PAULO: Brazil's currency fell its most in nearly two weeks on Thursday after poll data showed President Dilma Rousseff's approval rating continued to deteriorate, raising fears of greater political turbulence and weaker economic discipline ahead.The Brazilian real dropped for a sixth straight session, losing about 2 percent to trade at 3.56 per dollar, its weakest since March 2003.Poll data by research firm Datafolha earlier Thursday showed Rousseff's approval rating at just 8 percent, with ...

Surprisingly strong exports lift C$ off 11-year low TORONTO: The Canadian dollar pulled back from an 11-year low against its US counterpart on Wednesday as data showed the country's trade deficit narrowed sharply in June due to soaring exports.The trade shortfall for the month was far less than analysts had expected and, coupled with disappointing US private-sector jobs data, helped push the loonie back below C$1.32 to the greenback.The improvement in the trade data was "very surprising and quite large in magnitude," said ...

Sri Lanka rupee ends steady; state bank dollar sales offset importer demand COLOMBO: The Sri Lankan rupee ended steady on Wednesday as dollar selling by a state-run bank offset importer demand for the greenback, dealers said.The rupee ended at 133.50/60 per dollar on Wednesday."There was importer dollar demand throughout. Exporters are not selling dollars," a currency dealer said on condition of anonymity.On Monday, the state-owned bank cut the currency's peg to the dollar by 10 cents to allow the exchange rate to appreciate to 133.50.Some dealers expect ...

South Africa's rand hits fresh 14-year low as economy struggles JOHANNESBURG: South Africa's rand touched a fresh 14-year low against the dollar on Wednesday amid concerns about the ailing local economy and after a US Federal Reserve official backed a US rate hike next month.Investors are worried that growth in Africa's most advanced economy has remained subdued since a 2009 recession with output seen below 2 percent this year, partly due to the worst electricity crisis in seven years.The economic development minister said on Wednesday ...

Dollar rises after Fed official's rate hike comment TOKYO: The dollar rose against the euro and yen in Asia Wednesday, adding to gains driven by a US Federal Reserve official's support for a September interest rate hike.In Tokyo, the dollar fetched 124.40 yen, against 124.36 yen in New York and 123.98 yen in Tokyo earlier Tuesday. The euro edged down to $1.0864 and 135.10 yen from $1.0882 and 135.32 yen in US trade. On Tuesday, the dollar advanced against other major currencies after ...

Euro under pressure after hair-raising Greek stock plunge TOKYO: The euro was under pressure Tuesday following a sell-off in New York as a plunge on the Greek stock market revived worries about Athens' future in the eurozone.The single currency slipped to $1.0936 and 135.64 yen Tuesday morning from $1.0954 and 135.82 yen in New York.The dollar crept up to 124.09 yen from 123.99 yen, but gains were held back by weak US and Chinese manufacturing data.On Monday, Greece's stock exchange, resuming trade after ...


 



 
Index Closing Chg%
Arrow DJIA 16,643.01 0.07
Arrow Nasdaq 4,828.32 0.32
Arrow S&P 1,988.87 0.06
Arrow FTSE 6,247.94 0.90
Arrow DAX 10,298.53 0.17
Arrow CAC-40 4,675.13 0.36
Arrow Nikkei 19,136.32 3.03
Arrow H.Seng 21,612.39 1.04
Arrow Sensex 26,392.38 0.61





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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln