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Sterling retreats after biggest gains vs dollar in 5 1/2 years LONDON: Sterling reversed some of its gains against the dollar on Thursday after posting its biggest rise in 5 1/2 years on Wednesday when the Federal Reserve gave a statement on interest rates that was more cautious than expected.The Fed removed a reference to being "patient" about raising rates from the statement it issued after its policy meeting. But it also lowered its forecasts for economic growth and inflation and reduced its interest rate trajectory.The pound fell as low as $1.4795 in early European trading, after rising 1.5 percent on Wednesday to trade as high as $1.5008. By 0955 GMT it had recovered slightly to $1.4899, still down half a percent on the day.Against the euro, the pound gained over 1 percent to trade at 71.715 pence. That left it close to the seven-year high of 70.145 pence it reached last week as the European Central Bank started a 1.1 ...


Sri Lanka rupee forwards firmer on bank dollar sales; stx up COLOMBO: Sri Lankan rupee forwards traded a tad firmer on Thursday as banks dollar sales outpaced importer dollar demand, while concerns over a government probe into bond sales since 2012 hurt sentiment, dealers said.Actively-traded two-week rupee forwards stood at 133.90/134.05 per dollar at 0521 GMT, firmer from Wednesday's close of 134.00/134.10."Rupee is firmer as some banks are selling dollars," said a currency dealer asking not to be named.Sri Lanka has launched a probe into allegations ...

Yuan surges in record trading session, recoups 2015 losses SHANGHAI: China's yuan firmed sharply for the third straight day on Thursday, breaking through its 200-day moving average and recouping all of its losses for the year as corporate flight out of long-dollar positions intensified.The People's Bank of China set the midpoint rate at 6.146 per dollar prior to market open, firmer than the previous fix of 6.1556.The spot market opened at 6.2140 per dollar and was changing hands at 6.1961 at midday, -333 pips ...

Russian rouble falls back against dollar after 2-1/2 month high MOSCOW: The Russian rouble fell against the dollar on Thursday as the oil price retreated, eating into strong gains late on Wednesday driven by the cautious policies of the US Federal Reserve.At 0800 GMT, the rouble was 1.1 percent weaker against the dollar at 59.98 but 0.4 percent stronger at 64.30 versus the euro. The rouble had surged to a two-and-a-half-month high against the dollar on Wednesday evening, below 60 roubles to the dollar, after ...

Dollar fights back after Fed drives it down LONDON: The dollar clawed back much of the ground it had lost on Thursday after posting its biggest daily fall in 18 months in the wake of a much more cautious Federal Reserve statement on interest rates than expected.The Fed removed a reference to being "patient" on rate rises from the statement it issued after its policy meeting. But it also downgraded its views on the economy and inflation and lowered its interest rate trajectory.That ...

Dollar pressured after Fed tempers interest rate talk TOKYO: The dollar struggled to recover Thursday after diving on comments from the US Federal Reserve that cooled expectations of an early summer interest rate hike.In Tokyo, the greenback briefly fell below 120 yen before ticking up to 120.22 yen by midday, well down from 121.35 yen level in Tokyo before the US central bank's announcement. The euro changed hands at $1.0809 and 129.92 yen, down from $1.0871 and 130.54 yen in New York but ...

Sri Lanka rupee steady; bond sale probe weighs COLOMBO: Sri Lankan rupee forwards ended steady on Wednesday after falling in two sessions on moral suasion by the central bank amid importer dollar demand, while concerns over a government probe into bond sales since 2012 hurt sentiment, dealers said.Sri Lanka has launched a probe into allegations of corruption in government bond sales held by the central bank since 2012, the prime minister said on Tuesday, after opposition parties called for an independent investigation into ...


 



 
Index Closing Chg%
Arrow DJIA 17,718.54 1.62
Arrow Nasdaq 4,876.52 2.37
Arrow S&P 2,061.05 1.46
Arrow FTSE 6,990.97 0.41
Arrow DAX 11,865.32 1.16
Arrow CAC-40 5,020.99 1.30
Arrow Nikkei 19,746.20 0.17
Arrow H.Seng 24,528.23 0.54
Arrow Sensex 28,111.83 0.17





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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJanuary
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln