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Euro recovers, gold falls on hopes of Greek deal NEW YORK: The euro recovered from initial losses and gold fell to one-month lows on Tuesday on signs Greek banks will continue to get emergency funding despite a breakdown in debt talks between Athens and euro zone finance ministers.Even as Greek financial markets slipped, with the main Athens stock index falling as much as 4.7 percent after the open, on the whole investors kept their composure on expectations that a compromise would eventually be reached.The European Central Bank was unlikely to pull the plug on funding for Greek banks this week, a person familiar with the matter told Reuters.Global equity markets wavered but Greek stocks cut their losses while Italian and Spanish 10-year government debt yields rose only slightly.Earlier safe-haven buying of U.S. Treasuries on concerns about Greece and Ukraine dissipated in New York trading."The decline yesterday was in very thin trading. The market recognizes that Greece is fairly isolated ...

Mexico's peso rises on Greece hopes, Germany data MEXICO CITY: Mexico's peso rose slightly on Tuesday, as positive data from Germany and hopes that Greece will reach a deal to remain in the euro zone lifted the beleaguered currency.Mexico's peso rose 0.1 percent in early afternoon trading to 14.9175 pesos per dollar after data from Germany showed analyst and investor sentiment climbed in February to its highest level in a year.Talks among euro zone finance ministers broke down late on Monday and EU ...
Venezuela's currency devaluation set to further hurt US companies' profits BOSTON: A massive effective devaluation of Venezuela's bolivar currency will likely badly dent 2015 earnings at a swath of major US companies.The decision, announced late on Thursday, would almost wipe out the $7.1 billion of Venezuelan monetary assets currently held on the books of 10 large American companies. At the new exchange rate of about 170 bolivars to the dollar, the value of those assets would drop by 93 percent to just $421 million, according ...
Euro dips despite better eurozone growth data NEW YORK: The euro dipped against other major currencies Friday despite improved growth numbers in the ailing eurozone, as the market worries about Greece's debt crisis."The euro is mildly softer despite slightly better-than-expected data, and with comments from Greek and German officials signaling willingness to compromise with respect to Greece's reform, budget and debt plans," said Eric Viloria, currency strategist at Wells Fargo Securities.Official data released Friday showed economic activity in the eurozone was up ...
C$ ekes out gain on manufacturing sales, oil TORONTO: The Canadian dollar strengthened moderately against the greenback on Friday, bolstered by a forecast-beating jump in Canadian manufacturing sales in December and higher oil prices.Data showed Canadian factory sales rose 1.7 percent to C$52.39 billion ($41.91 billion), surpassing economists' forecast for a gain of 1 percent. November's sales were revised slightly higher to a decline of 1.3 percent from an originally reported 1.4 percent drop."We could attribute some of the positive information to the ...
C$ gets lift from crude price jump, weak greenback TORONTO: The Canadian dollar powered higher against a globally weaker greenback on Thursday as crude prices rose and weak US retail sales data raised questions about the timing of the Federal Reserve's next interest rate move.Prices for oil, a major Canadian export, bounced as industry spending cuts and a weaker greenback offset jitters about record supply levels.The US dollar, which had already weakened broadly following a media report that the Bank of Japan saw further ...
Dollar slides on soft US data; euro gets relief NEW YORK: The dollar dropped across the board on Thursday after weaker-than-expected US economic data, although its outlook remained upbeat as many investors continued to price in an interest rate hike by the Federal Reserve some time this year. The dollar index, a gauge of its value against six major currencies, fell after two straight days of gains. For the month of February, the dollar index was down 0.5 percent, on track for its first ...

 



 
Index Closing Chg%
Arrow DJIA 18,132.70 0.45
Arrow Nasdaq 4,963.53 0.49
Arrow S&P 2,104.50 0.30
Arrow FTSE 6,946.66 0.04
Arrow DAX 11,401.66 0.66
Arrow CAC-40 4,951.48 0.83
Arrow Nikkei 18,797.94 0.06
Arrow H.Seng 24,823.29 0.32
Arrow Sensex 29,220.12 1.65







ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyDecember
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln