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China's yuan unchanged against dollar, set to end week flat SHANGHAI: China's yuan was flat against the dollar on Friday as a wave of dollar demand by big state-owned Chinese banks and oil companies helped to offset a three-month high midpoint, traders said.The People's Bank of China (PBOC) set the midpoint rate at 6.1241 per dollar prior to market open, the yuan's strongest level since Jan. 20, or 0.07 percent firmer than the previous fix at 6.1281.Following the strong fix, the spot market opened at 6.1935 per dollar, but surrendered some gains to change hands at 6.1979 at midday, no change from the previous close."Some state-owned banks and oil companies were seen buying dollars and that pushed down the yuan over the course of this morning," said a trader at a Chinese city commercial bank in Shanghai.He added corporate dollar demand normally rises during the end of a month.China's oil firms, particularly PetroChina and Sinopec Corp are primary dollar buyers ...

Euro drifts lower on Greek default worries TOKYO: The euro drifted lower Wednesday on fears about a Greek debt default as mayors across the country lashed out at a government decree ordering them to hand over their cash reserves to help Athens pay its bills.In Tokyo, the single currency slipped to $1.0726 and 128.36 yen from $1.0735 and 128.42 yen in New York late Tuesday.Greek Prime Minister Alexis Tsipras will meet German Chancellor Angela Merkel Thursday on the sidelines of a European ...
China's yuan slips on weaker midpoint fixing HONG KONG: China's yuan fell against the dollar on Tuesday, after the central bank set a weaker official midpoint to reflect strength in the dollar index.The People's Bank of China set the midpoint rate at 6.128 per dollar prior to market open, weaker than the previous fix of 6.1255.The spot market opened at 6.2000 per dollar and was changing hands at 6.2022 near midday, 7 pips weaker than the previous close and 1.21 percent weaker ...
Indian rupee hits 3-1/2-month low; stocks slide on tax worries MUMBAI: The Indian rupee fell to a three and a half month low in early trade on Tuesday as concerns over retrospective taxation loomed among foreign investors, while weak Asian peers and broad dollar strength added to the pressure.Indian stocks also fell to their lowest in nearly four weeks.The partially convertible Indian rupee fell to 63.1550 per dollar, its lowest since Jan. 8 and compared to its previous close of 62.91/92 when it had fallen ...
Dollar ticks up despite US rate hike uncertainty TOKYO: The dollar ticked higher on Tuesday despite comments from a Federal Reserve official that cast doubt on a mid-year interest rate hike, while Greece's bailout woes held back the euro.In Tokyo, the greenback bought 119.45 yen, up from 119.22 yen in New York and sharply higher from 118.62 yen in Tokyo earlier Monday.The euro was mixed, slipping to $1.0724 from $1.0741 while it strengthened slightly to 128.07 yen against 128.05 yen in US trade.The ...
China's yuan firms on improved sentiment, set to rise 0.25pc for week SHANGHAI: China's yuan firmed against the dollar for the third straight session on Friday after the central bank fixed its daily guidance rate to more than two-month high, further strengthening views that the yuan will remain stable, traders said.For the week, the currency is set to rise 0.25 percent if it closes at the current level, reversing the previous week's loss of 0.2 percent.The People's Bank of China (PBOC) set the midpoint rate at 6.1267 ...
Dollar struggles as weak US data clouds rate-hike picture TOKYO: The dollar faced selling pressure Thursday as a batch of weak US data raised the possibility that the Federal Reserve will push back an interest rate hike beyond mid-year.In Tokyo, the greenback briefly slipped below the 119 yen level before recovering to 119.33 yen in afternoon trade, against 119.14 yen in New York. It was above 120 yen earlier this week.The euro lost early gains to trade at $1.0678 from $1.0684, while it rose ...

 



 
Index Closing Chg%
Arrow DJIA 18,080.14 0.12
Arrow Nasdaq 5,092.09 0.71
Arrow S&P 2,117.69 0.23
Arrow FTSE 7,070.70 0.24
Arrow DAX 11,810.85 0.74
Arrow CAC-40 5,201.45 0.44
Arrow Nikkei 20,020.04 0.83
Arrow H.Seng 28,060.98 0.84
Arrow Sensex 27,437.94 1.07





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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln