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Euro gains as Greece revamps bailout negotiating team NEW YORK: The euro climbed to three-weak peaks against the dollar on Monday, on optimism about Greece's prospects after the government reshuffled its bailout negotiating team to forge a deal with lenders about more aid for the cash-strapped country and avoid a default. Greece looks set to run out of funds in the coming weeks. On Monday, Greek Prime Minister Alexis Tsipras appointed Deputy Foreign Minister Euclid Tsakalotos, an economist well liked by officials representing creditors, as coordinator of the country's bailout negotiating team, giving him a more active role in the negotiations. That would sideline Finance Minister Yanis Varoufakis, who had been very active in the Greek negotiating team. The Varoufakis-led team came out empty-handed from Friday's Eurogroup meeting in Riga. "Tsipras reshuffling the bailout negotiating team has given the euro a bit of a boost," said Omer Esiner, chief market analyst at Commonwealth Foreign Exchange in Washington. "There ...

Dollar edges higher as markets await Fed meeting NEW YORK: The dollar firmed on Monday, recovering from recent losses in the wake of some weak US economic data, but gains are expected to be contained ahead of the Federal Reserve's key monetary policy meeting this week.The Fed will announce a decision on monetary policy on Wednesday which will help set the tone for the dollar in the near to medium term. The dollar's searing rally since the summer of last year had slowed ...
Dollar falls on housing dip, euro rises on fading Greek fears NEW YORK: The dollar was knocked lower on Thursday by a decline in U.S. new-home sales fanning worries about U.S. economic growth, while the euro rose more than 1 percent on waning fears of a Greek default.New home sales declined 11.4 percent in March to a seasonally adjusted annual rate of 481,000 units, according to U.S. government data. The drop was the biggest since July 2013 and came after three straight months of hefty gains.Data ...
C$ gains 1/2 cent in range-bound trading TORONTO: The Canadian dollar finished about half a cent stronger against the greenback on Wednesday, recouping its losses from the previous session, but a dearth of market-driving news kept the currency range bound.The currency surged to levels not seen since January last week, following better-than-forecast economic data and an optimistic tone from the Bank of Canada, and has been trading between C$1.2328 and C$1.2088 this week."I think right now the interest rate differentials is really ...
Dollar mixed after jump in US home resales NEW YORK: The dollar stood mixed against other major currencies on Wednesday after a 6.1 percent jump in U.S. home sales data lifted expectations that Federal Reserve policymakers may soon hike interest rates.A National Association of Realtors report showing an increase in March of existing home sales to an annual rate of 5.19 million units, the highest level since September 2013, suggested the U.S. economy may be shrugging off sluggishness. The percentage increase was the ...
C$ softens but stays near January highs TORONTO: The Canadian dollar beat a slight retreat against its US counterpart on Tuesday despite getting support from oil prices that held steady just below 2015 highs due to tensions in Yemen.The price of crude, one of Canada's biggest exports, has risen about 15 percent this month on concerns that the civil war in Yemen, Saudi Arabia's southern neighbor, could destabilize the Middle East and reduce oil supplies.The loonie was range-bound but stuck close to ...
C$ dips on firmer US$, softer oil, but still outperformer TORONTO: The Canadian dollar slipped modestly against a broadly stronger US dollar on Monday and softer crude prices, but was stronger against all other major currencies after last week's rally.The loonie on Friday touched its strongest level since January following better-than-forecast domestic data and a more hawkish tone from the Bank of Canada.The stronger greenback, which makes dollar-traded commodities like oil less attractive for holders of other currencies, dented the price of crude, while news ...


Index Closing Chg%
Arrow DJIA 18,037.97 0.23
Arrow Nasdaq 5,060.25 0.63
Arrow S&P 2,108.92 0.41
Arrow FTSE 7,103.98 0.47
Arrow DAX 12,039.16 1.93
Arrow CAC-40 5,268.91 1.30
Arrow Nikkei 19,983.32 0.18
Arrow H.Seng 28,433.59 1.33
Arrow Sensex 27,176.99 0.95

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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln