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Euro struggles in Asia on ECB chief comments SINGAPORE: The euro struggled to recover in Asian trade Monday after being hammered at the end of last week in response to comments from the European Central Bank (ECB) chief hinting at further stimulus measures to fend off deflation.The single currency was at 145.86 yen by midday, compared with 145.91 yen in late London trade Friday and well off the 147.81 yen in Asia earlier that day.It also tumbled to $1.2387 from $1.2405 in London and is sharply down from $1.2553 Friday in Tokyo. The dollar bought 117.74 yen against 117.63 yen late Friday."Inflation remains the key variable for the euro," banking group ANZ said in a note, adding that "there is little expectation in a change to deflationary pressures that will cap the topside" of the currency.ECB head Mario Draghi on Friday said at a banking congress that the central bank "will use all means available to us, within ...

Yen rebound lifts regional peers; Asia FX down for week SINGAPORE: Emerging Asian currencies rose on Friday as the yen rebounded after Japan's Finance Minister Taro Aso warned against the currency's recent swift fall, although most regional units were set for another week of losses.The yen gained as Aso earlier described the currency's weakening as "too rapid," but ruled out intervention to halt the slide.The rebound caused investors to cover short positions in emerging Asian currencies.Still, most regional units were poised to post weekly losses, ...
Yuan may weaken early next year as central bank steps back SHANGHAI/BEIJING: China's central bank has taken a hands-off approach to the yuan in the last six months, possibly setting the currency up to depreciate again next year.Regulators may allow market forces to guide the yuan lower in the first quarter of 2015 to keep it competitive as other Asian currencies slide versus the greenback on expectations the US Federal Reserve will begin tightening policy next year. The People's Bank of China (PBOC) has phased out ...
South Korean won bounces from 15 month low, shares edge higher SEOUL: The South Korean won rebounded from a 15-month trough on Friday, as the dollar took a breather, especially against the yen which jumped on a warning by the Japanese finance minister against rapid currency moves.The won was quoted at 1,110.1 to the dollar as of 0245 GMT, compared to Thursday's close of 1,115.1.The won's uptick was driven by the yen's rebound earlier on Friday, after Japanese Finance Minister Taro Aso expressed concerns about the ...
Yen jumps after Japan fin min warns on rapid fall TOKYO: The yen rose sharply on Friday after Japanese Finance Minister Taro Aso said the currency's fall over the past week was too rapid, in one of the strongest warnings against a weak yen since Japan started its aggressive monetary stimulus two years ago. The dollar rallied to 117.355 per dollar from around 118.00 yen before his comments, extending it recovery from a seven-year low of 118.98 struck on Thursday. The yen last traded at ...
Yen recovers from multi-year lows TOKYO: The yen clawed back some losses in Asia after a steep slide over the past week left it at multi-year lows against the dollar and euro, but analysts said another fall could be in store.In Tokyo, the greenback slipped to 117.85 yen, against 118.22 yen in New York, where it almost broke the 119 yen level for the first time since August 2007.The euro bought 147.23 yen compared with 148.25 yen, a six-year high, ...
Yen recovers from multi-year lows TOKYO: The yen clawed back some losses in Asia after a steep slide over the past week left it at multi-year lows against the dollar and euro, but analysts said another fall could be in store.In Tokyo midday trading, the greenback was at 117.76 yen, compared with 118.22 yen in New York, where it almost broke the 119 yen level for the first time since August 2007.The euro bought 147.81 yen compared with 148.25 yen, ...

 



 
Index Closing Chg%
Arrow DJIA 17,810.06 0.51
Arrow Nasdaq 4,712.97 0.24
Arrow S&P 2,063.50 0.52
Arrow FTSE 6,750.76 1.08
Arrow DAX 9,732.55 2.62
Arrow CAC-40 4,347.23 2.67
Arrow Nikkei 17,357.51 0.33
Arrow H.Seng 23,437.12 0.37
Arrow Sensex 28,334.63 0.95






Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln