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Dollar eases, stocks edge higher ahead of Yellen NEW YORK: The dollar eased and global equity markets rose slightly on Monday as investors awaited the first congressional testimony of new Federal Reserve chief Janet Yellen after a weak labor market report for January left investors skittish.U.S. stocks mostly rose, following the benchmark S&P 500's best two-day advance in four months late last week, while a measure of global equity activity and a broad European stock index rose slightly.The dollar held steady against major currencies as traders waited to hear the economic and policy views of Yellen, who is viewed as an architect of the U.S. central bank's current ultra-loose monetary policy.Yellen appears before the Republican-controlled House of Representatives Financial Services Committee on Tuesday and the Democrat-controlled Senate Banking Committee on Thursday.U.S. lawmakers, some of whom are hostile to the central bank, will want to know how committed Yellen is to winding down the Fed's support for the economy."It ...

Currencies shed gains as investors digest U.S. jobs data SAO PAULO/LONDON: Emerging market currencies pared gains on Friday as traders reconsidered the impact of January's U.S. payroll numbers on the Federal Reserve's plans to reduce its monetary stimulus program.U.S. employers hired far fewer workers than expected in January and job gains for the prior month were barely revised up, data showed on Friday.Traders initially saw the data as evidence that growth in the world's largest economy is losing steam, driving emerging market currencies higher ...
Euro edges higher ahead of ECB meeting NEW YORK: The euro Wednesday moved higher against the dollar and the yen on the eve of a closely-watched policy meeting of the European Central Bank.The euro bought $1.3536 near 2300 GMT, up from $1.3515 Tuesday.The euro edged up to 137.38 yen from 137.36 of the Japanese currency.The dollar declined to 101.49 yen from 101.64.European data were mixed ahead of Thursday's ECB meeting. A report from Markit Economics on eurozone private sector business activity in ...
C$ flat as focus turns to Friday's employment data TORONTO: The Canadian dollar ended nearly flat against the greenback on Wednesday as the market sought direction after a recent correction and as investors trained their focus on key employment reports in both Canada and the United States at the end of the week.Disappointing economic data added to the softer tone as the value of Canadian building permits fell unexpectedly in December, with residential permits sinking for a second straight month.After hitting a 4-1/2-year low ...
Euro recovers slightly after last week's losses NEW YORK: The euro rebounded slightly against the dollar Monday after sharp losses last week, helped by fresh data showing some unexpected weakness in the US economy.But the yen gained on both as continued global turbulence pushed traders to that safe haven.At 2200 GMT, the euro climbed to $1.3529, compared to $1.3487 late Friday. The dollar fell to 100.94 yen from 102.03 yen, and the euro dropped to 136.58 yen from 137.61.The market took its ...
C$ firms to 1-week high, helped by producer prices TORONTO: The Canadian dollar strengthened to its highest level in a week against the greenback on Monday, helped by a bigger than expected rise in Canadian producer prices and as investors consolidated positions after the currency's recent declines.The loonie was also given a boost by US data that showed a sharp drop in manufacturing in January, hinting at a slowing economy. That sparked investor speculation that the US Federal Reserve may have to refrain from ...
Dollar falls on weak factory data, emerging market jitters NEW YORK: The dollar fell to a two-month low against the safe-haven yen on Monday on persistent jitters over troubles in emerging markets and as surprisingly weak domestic manufacturing data spurred worries about US economic growth. The latest omen about slowing US growth raised bets the Federal Reserve might refrain from a further reduction in its bond purchase stimulus, analysts said. The US central bank last week voted to reduce its monthly ...

 



 
Index Closing Chg%
Arrow DJIA 16,501.65 0.08
Arrow Nasdaq 4,126.97 0.83
Arrow S&P 1,875.39 0.22
Arrow FTSE 6,674.74 0.11
Arrow DAX 9,544.19 0.58
Arrow CAC-40 4,451.08 0.74
Arrow Nikkei 14,546.27 1.09
Arrow H.Seng 22,509.64 0.97
Arrow Sensex 22,876.54 0.52





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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln