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Brighter euro zone PMI surveys help euro recover from lows LONDON: The euro recovered from a two-week low against the dollar on Thursday after data showing an unexpected pick-up in euro zone business growth, though gains could be fleeting amid continued expectations of more monetary easing. Concerns over the health of the European banking sector have also weighed on the euro, and those worries deepened after Spanish newswire Efe said on Wednesday at least 11 lenders had failed stress tests run by the European Central Bank. The ECB, which will publish the test outcomes for 130 banks on Sunday, said final results had not yet been sent to the lenders involved, and it could not comment on individual institutions. The euro rose to $1.2671, rebounding from a two-week low of $1.2614 hit after data showed France's preliminary composite purchasing managers' index for October falling to 48.0 from a final reading of 48.4 in September. That was well into contractionary territory. ...


Turkish lira gains before central bank meeting ISTANBUL: Turkey's lira strengthened on Thursday before the central bank's monthly rate-setting meeting, after which the bank's language will be closely examined.All 15 economists polled by Reuters expect the Turkish central bank to leave its main one-week repo rate at 8.25 percent when it meets on Thursday. Only one predicted a 25-basis-point cut in the overnight lending rate.A signal from the central bank over possible rate cuts could hurt the lira, bankers said."If we see ...

Sri Lanka rupee forwards steady despite importer dollar demand; budget awaited COLOMBO: Sri Lankan rupee forwards traded steady on Thursday despite dollar demand from importers as the central bank's intervention via moral suasion prevented a sharp fall in the local currency, dealers said.Exporters were reluctant to sell dollars ahead of the budget announcement for 2015 on Friday, dealers said.The spot currency was quoted at 130.75/95 per dollar but not traded, dealers said. It closed at 130.60/80 on Friday.The three-day forwards, or spot-next, actively traded in the ...

Dollar firms in Asia after US inflation rise TOKYO: The dollar firmed in Asia on Thursday after an unexpected rise in US inflation, while the euro struggled to recover as speculation swirls about further European Central Bank easing measures.In Tokyo morning trade, the dollar strengthened to 107.31 yen from 107.14 yen in New York late Wednesday.The euro was mixed at $1.2636 and 135.61 yen, against $1.2643 and 135.46 yen.The Labor Department said Wednesday that US consumer prices rose 0.1 percent in September, beating ...

Euro rebounds in Asia after drop on ECB easing plan reports TOKYO: The euro rebounded modestly in Asia on Wednesday after it dropped in New York on reports that the European Central Bank could expand its bond-buying programme.In Tokyo afternoon trade, the common currency fetched $1.2723 and 136.15 yen against $1.2714 and 136.04 yen in US trading on Tuesday. The single currency had been at $1.2800 and 136.86 yen the previous day.The dollar edged up to 107.02 yen from 106.99 yen, after fresh data Tuesday showed ...

Euro flat in Asia after drop on ECB easing plan reports TOKYO: The euro held steady in Asia on Wednesday after it dropped in New York on reports that the European Central Bank could expand its bond-buying programme.In Tokyo morning trade, the common currency fetched $1.2720 and 136.01 yen against $1.2714 and 136.04 yen in New York late Tuesday. The single currency had been at $1.2800 and 136.86 yen the previous day.The dollar was little changed at 106.90 yen against 106.99 yen, despite fresh data that ...

Kenyan shilling firms as foreign investors get ready for bond auction  NAIROBI: The Kenyan shilling strengthened against the dollar on Tuesday and traders said investors were buying local currency ready for the auction of a government infrastructure bond on Wednesday.At 0815 GMT, commercial banks posted the shilling at 88.90/89.00, stronger than Friday's close of 89.10/89.20. Monday was a public holiday and markets were closed."There's an expectation that we could see some decent flows coming for the infrastructure bond that's being auctioned," said Duncan Kinuthia, head of ...


 



 
Index Closing Chg%
Arrow DJIA 17,195.42 1.30
Arrow Nasdaq 4,566.14 0.37
Arrow S&P 1,994.65 0.62
Arrow FTSE 6,463.55 0.15
Arrow DAX 9,114.84 0.35
Arrow CAC-40 4,141.24 0.74
Arrow Nikkei 15,658.00 1.67
Arrow H.Seng 23,702.04 1.49
Arrow Sensex 27,346.33 0.92





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJuly-June
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln