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Euro slumps after ECB launches bond-buying stimulus program NEW YORK: The euro sank to a more than 11-year low against the dollar and a three-month low against the yen on Thursday after the European Central Bank launched a landmark bond-buying program that will pump up to one trillion euros into a sagging euro zone economy. The ECB said it would buy government bonds from this March until the end of September 2016 despite opposition from Germany's Bundesbank and concerns in Berlin that it could allow spendthrift euro zone members to slacken economic reforms. Together with existing schemes, the new program will pump 60 billion euros a month into the economy. Investors sold the euro while traders who had made money betting against or 'shorting' it for six months in anticipation the ECB would act to fight deflation and revive the region's economy added to those bets, sending the euro broadly lower. "The ECB delivered," said Chris Gaffney, senior ...


Rand surges vs euro, dollar after ECB turns on printing press JOHANNESBURG: South Africa's rand powered to its firmest in nearly 18 months against the euro on Thursday and notched up a 6-week high against the dollar after the European Central Bank unveiled a 60 billion euro-a-month asset purchase programme to boost growth. The rand strengthened more than 1 percent against the greenback to 11.3900 at 1545 GMT, breaching a resistance level around the 11.40 mark that had started to build up over the last two ...

Mexico central bank governor Carstens: peso 'under control' MEXICO CITY: Mexico's peso, which has been hammered by slumping oil prices, will remain "under control" this year despite market volatility, Mexican central bank governor Agustin Carstens said in Davos, Switzerland, state run news agency Notimex reported on Thursday. Mexico's peso has weakened by over 12 percent against the US dollar since early September, prompting policymakers to launch a dollar auction program last month to stabilize the currency and flag concerns over inflationary pressures. "There ...

Sterling hits seven-year high vs euro as ECB unleashes QE LONDON: Sterling hit a seven-year high against the euro on Thursday after the European Central Bank unveiled a quantitative easing programme that will pump over a trillion euros into the faltering euro zone economy.The ECB said it would start buying government bonds in March and would keep doing so until September 2016. Together with existing schemes to buy private debt, the programme will be worth 60 billion euros a month. That will amount to a ...

Euro slumps after ECB launches bond-buying program to revive economy NEW YORK: The euro sank to a more than 11-year low against the dollar and a three-month low against the yen on Thursday after the European Central Bank launched a landmark bond-buying program that will pump hundreds of billions into a sagging euro zone economy. The ECB said it would buy government bonds from this March until the end of September 2016 despite opposition from Germany's Bundesbank and concerns in Berlin that it could allow ...

Euro dips against dollar as ECB unveils QE stimulus LONDON: The euro sank Thursday against the dollar after the European Central Bank launched its eagerly-awaited quantitative easing economic stimulus to boost growth and fight deflation.The single currency slid to $1.1483 in mid-afternoon London deals after the ECB announcement, compared with $1.1620 beforehand.The ECB, led by chief Mario Draghi, revealed that it will launch a programme to buy 60 billion euros ($69 billion) of private and public bonds per month, starting in March.The programme of ...

Euro weakens, shares rise, bond yields fall after ECB launches QE LONDON: The euro fell, European shares jumped and bond yields in Italy, Spain and Portugal fell on Thursday after European Central Bank President Mario Draghi announced a bond purchase programme of 60 billion euros a month.The euro sank by a full cent against the dollar to $1.1511, still above 11-year lows of less than $1.15 hit last week.The FTSEurofirst 300 index of top European shares rallied, gaining 0.8 percent and hitting a fresh seven-year high, ...


 



 
Index Closing Chg%
Arrow DJIA 17,164.95 1.45
Arrow Nasdaq 4,635.24 1.03
Arrow S&P 1,994.99 1.30
Arrow FTSE 6,749.40 0.90
Arrow DAX 10,694.32 0.41
Arrow CAC-40 4,604.25 0.59
Arrow Nikkei 17,674.39 0.39
Arrow H.Seng 24,507.05 0.36
Arrow Sensex 29,182.95 1.68






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyNovember
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln