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Euro weakens in Asia on ECB stimulus speculation TOKYO: The euro struggled in Asia Monday on growing expectations that the European Central Bank will pull the trigger on a massive bond-buying scheme to buoy the struggling eurozone economy.In Tokyo, the single currency slipped to $1.1559 and 135.31 yen, from $1.1566 and 135.87 yen on Friday in New York, where at one point it had dropped below $1.1500 for the first time since November 2003.The dollar changed hands at 117.05 yen, compared with 117.46 yen in US trading.Investors have been moving out of the euro ahead of the ECB meeting on Thursday that analysts are forecasting will see the introduction of sovereign bond purchases, known as quantitative easing (QE).The scheme essentially entails the bank printing euros in order to boost lending and fight off deflation -- similar to the scheme recently brought to an end in by the US Federal Reserve. However with more cash in circulation demand for ...


Egypt's pound reaches weakest official level since auctions began CAIRO: Egypt's pound weakened to 7.19 pounds per dollar from 7.14 at a central bank auction on Sunday, the weakest level the pound has been allowed to reach since auctions began in December 2012 and the first official depreciation since last July.The bank offered 40 million dollars and sold 38.5 million at a cutoff price of 7.19 pounds per dollar, the central bank said.The rates at which banks are allowed to trade dollars are determined ...

Dollar gains ground against Swiss franc, hits highs vs euro NEW YORK: The US dollar and the euro gained a little ground against the Swiss franc on Friday, a day after the Swiss National Bank shocked markets by scrapping a currency cap, while the dollar hit new multi-year highs against the euro on expected European Central Bank easing. The euro suffered its biggest-ever one-day fall against the franc on Thursday, dropping more than 18 percent, after the SNB stunned markets by scrapping its three-year-old pledge ...

Swiss franc shock shuts some FX brokers; regulators move in LONDON: The Swiss franc shock reverberated through currency trading firms around the world on Friday, wiping out many small-scale investors and the brokerages that cater to them and forcing regulators to take a closer look at the sector. Some major banks also lost out when the Swiss National Bank lifted its cap on the franc against the euro without warning on Thursday, including Britain's Barclays which lost "tens of millions" of dollars, an industry source ...

Euro drops under $1.15 for the first time since Nov 2003 LONDON: The euro fell Friday under $1.15 for the first time in over 11 years as traders reacted to increasing signs that the ECB will launch a bond buying stimulus programme.The euro was worth $1.1460 at 1545 GMT, its lowest point since November 11, 2003.Copyright AFP (Agence France-Presse), 2015

Sri Lanka rupee forwards end weaker on importer dollar demand COLOMBO: Sri Lanka rupee forwards ended slightly weaker on Friday due to importer dollar demand, while exporters awaited clarity on economic policy from the newly elected government, led by President Maithripala Sirisena.Four-day forwards, which were actively traded, closed down at 132.35/45 per dollar compared with Tuesday's close of 132.25/35.The market was closed for a special holiday on Wednesday in view of Pope Francis' visit to Sri Lanka, while it was shut for a Hindu religious ...

Nigeria naira sheds 1.3pc on importer dollar demand LAGOS: Nigeria naira fell 1.3 percent against the U.S. currency to on Friday, following a surge in demand by importers in Africa's biggest economy amid scant dollar supply, dealers said.The naira fell to 188.20 to the dollar on Friday, after it opened at 185.75, the same level it closed at the previous day.Dealers said dollar liquidity in the market had dried up in the face of demand from importers buying foreign goods to sell in ...


 



 
Index Closing Chg%
Arrow DJIA 17,191.37 1.13
Arrow Nasdaq 4,638.00 0.93
Arrow S&P 2,002.16 1.35
Arrow FTSE 6,825.94 0.21
Arrow DAX 10,710.97 0.78
Arrow CAC-40 4,610.94 0.29
Arrow Nikkei 17,795.73 0.15
Arrow H.Seng 24,861.81 0.22
Arrow Sensex 29,559.18 0.04






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