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Dollar up on Greece worries, US housing permits jump NEW YORK: The dollar rose against the euro on Tuesday, as worries Greece was tilting towards debt default dragged on the euro and U.S. housing data encouraged speculation that the Federal Reserve will soon raise interest rates.The euro was off 0.40 percent against the dollar. Other major currencies were little changed against the dollar, as Fed policymakers started a two-day meeting and ahead of a news conference and economic outlook statement due on Wednesday.Greek Prime Minister Alexis Tsipras lashed out at Greece's creditors, accusing them of trying to "humiliate" Greeks and defying warnings Europe is preparing for his country to leave the euro.The address to lawmakers after the collapse of talks with European and IMF lenders at the weekend was the clearest sign yet Tsipras has no intention of making austerity cuts needed to unlock frozen aid and avoid a debt default within two weeks.Greece owes 1.6 billion euros to ...

C$ dips against firmer greenback as markets await Fed TORONTO: The Canadian dollar softened against the US dollar on Tuesday as a stronger greenback, bolstered in part by supportive housing-related data, offset a moderate rise in US crude prices, but overall trading was extremely range-bound.US housing starts fell last month after a hefty increase the prior month, but a surge in permits for future construction to a near eight-year high signaled underlying strength in the market, which has seen home prices and sales rising.The ...
C$ weaker as Merkel comments boost greenback, oil slips TORONTO: The Canadian dollar softened further against the greenback on Friday as the US currency benefited from comments by German Chancellor Angela Merkel about the problem of a strong euro and the price of oil continued to slide.The euro sank on Friday after Merkel made a rare comment on exchange rates by saying a strong euro made it harder for countries like Spain and Portugal to reap the benefits of economic reform.World shares saw a ...
Dollar rises as US retail sales perk up, yen retreats NEW YORK: The dollar gained on Thursday, buoyed by a surge in US retail sales in May that could push Federal Reserve policymakers toward raising US interest rates as early as September. The dollar, which had traded weakly over the previous three days, was up as much as 1.1 percent against the yen after posting on Wednesday its biggest single-day drop in six months versus the Japanese currency. American consumers last month increased spending by ...
Dollar firms as traders eye US retail sales data NEW YORK: The dollar inched ahead on Tuesday, getting help from increasing US government bond yields and expectations that a Federal Reserve interest rate hike may come as early as September. The euro, which rose 1.5 percent against the dollar in a selloff of the greenback on Monday, was last down 0.12 percent at $1.1277 after trading as low as $1.1215.The dollar was also firmer against sterling and the Swiss franc but traded flat against ...
Dollar rallies on US jobs data, hits 13-yr peak vs yen NEW YORK: The US dollar rallied to a 13-year peak against the yen and rose sharply against the euro on Friday after data showing US job growth accelerated in May, bolstering the case for a Federal Reserve interest rate hike as early as September. Nonfarm payrolls increased 280,000 last month, the largest gain since December, the Labor Department said. Economists polled by Reuters had forecast payrolls rising 225,000. The increase in average hourly earnings took ...
Dollar slips against euro on ECB comments, rising Bund yields NEW YORK: The US dollar hit its lowest against the euro in over two weeks on Wednesday after the European Central Bank kept monetary policy steady despite recent market volatility and Bund yields extended their rise. The ECB sees no reason to adjust its monetary policy stance in response to a recent rise in bond yields in Europe, ECB President Mario Draghi told a news conference after the bank held interest rates as expected. That ...

 



 
Index Closing Chg%
Arrow DJIA 16,643.01 0.07
Arrow Nasdaq 4,828.32 0.32
Arrow S&P 1,988.87 0.06
Arrow FTSE 6,247.94 0.90
Arrow DAX 10,298.53 0.17
Arrow CAC-40 4,675.13 0.36
Arrow Nikkei 19,136.32 3.03
Arrow H.Seng 21,612.39 1.04
Arrow Sensex 26,392.38 0.61





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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln