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Euro falls as Greece deadlock remains LONDON: The euro fell on Monday after Greece failed to meet a self-imposed Sunday deadline for reaching an agreement with its lenders to unlock aid, keeping alive fears of a debt default and possibile exit from the euro zone.Athens and its euro zone and International Monetary Fund (IMF) creditors have been locked in talks for months, with the single currency often reacting to signs of deadlock or breakthrough.Greece faces a payment to the International Monetary Fund on Friday and the expiration of its bailout programme on June 30."It's pretty clear that Greece is coming to a head but also the dollar seems to be trading pretty well on the crosses," said Peter Kinsella, a currency strategist at Commerzbank in London, "(But) the bigger story for the euro in June and July is going to be continuing portfolio outflows.""You've got about 260 billion euros of euro bonds which are going to ...


Turkish lira weakens in political unease before election ISTANBUL: The Turkish lira weakened on Monday in line with global dollar strength and on investor concern that the June 7 parliamentary election will produce political instability and possibly a coalition government.Sentiment was also undermined by the state seizure of Islamic lender Bank Asya on Friday and data on Monday that showed exports slid 19 percent in May.The lira fell 0.73 percent against the greenback at 2.6836 at 0851 GMT, bringing losses this year to ...

Sri Lanka rupee forwards gain; spot trading resumes COLOMBO: Sri Lankan rupee forwards were firmer on Monday as the spot currency started to trade after the island nation raised nearly $1 billion from bond sales in the previous week, with the local currency seen holding steady amid further expected inflows.Sri Lanka raised $650 million on Thursday by selling a sovereign bond at a yield of 6.125 percent and $388 million from development bonds.The spot rupee started trading as a state bank, through which ...

Sterling slips on UK manufacturing PMI miss LONDON: Sterling fell to a three-week low against the dollar on Monday, erasing all its gains made since last month's national election, after data showed British manufacturing sector grew at a much slower pace than expected in May.The Markit/CIPS manufacturing Purchasing Managers' Index (PMI) rose to 52.0 in May from a downwardly revised 51.8 in April, but that was lower than the increase to 52.5 forecast by a Reuters poll of analysts..That added to the ...

Ugandan shilling weaker as dollar demand from firms weighs KAMPALA: The Ugandan shilling weakened on Monday, hurt by strong appetite for hard currency from firms in the telecoms and energy sectors and the local currency was expected to maintain a bearish bias this week.At 0843 GMT commercial banks quoted shilling at 3,065/3,075, weaker than Friday's close of 3,052/3,062.The shilling is 9.6 percent weaker against the dollar so far this year, with the latest wave of depreciation pushing it ever closer to its all-time record ...

Dollar steady in Asia despite weak GDP data TOKYO: The dollar was steady on Monday despite a first-quarter contraction in the US economy as investors look for clues of a pickup that would justify an interest rate hike this year.In Tokyo midday trading, the greenback bought 124.15 yen, slightly up from 124.12 yen in New York on Friday, but well off the 12-year high of 124.46 yen touched last week.Investors are now waiting for US jobs data for a clue about the state ...

Kenyan shilling steady, main share index down NAIROBI: The Kenyan shilling was steady on Friday, supported by the previous day's intervention by the central bank which sold dollars into the market after the local currency weakened.The benchmark NSE-20 share index finished lower while the all share index notched some gains for a second straight day.At the close of trade, commercial banks quoted the shilling at 97.45/55 to the dollar versus 97.50/70 at Thursday's close.The shilling lifted from an intra-day low of 98.95/99.05 ...


 



 
Index Closing Chg%
Arrow DJIA 17,730.11 0.16
Arrow Nasdaq 5,009.22 0.08
Arrow S&P 2,076.78 0.03
Arrow FTSE 6,585.78 0.67
Arrow DAX 11,058.39 0.37
Arrow CAC-40 4,808.22 0.57
Arrow Nikkei 20,539.79 0.08
Arrow H.Seng 26,064.11 0.83
Arrow Sensex 28,092.79 0.53





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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMay
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 01, 2015
Reserves $18.5 bln