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Yen weakens in Asia after poor Japan data TOKYO: The yen weakened in Asia on Friday after a slate of tepid Japanese data that has dealt another blow to the government's plans to end years of deflation.In Tokyo, the greenback rose to 118.31 yen from 117.74 yen in London, while the euro strengthened to 147.25 yen from 146.88 yen in European trade. US markets were closed Thursday for the Thanksgiving holiday.The European single currency slipped to $1.2446 from $1.2474 on speculation over fresh easing moves by the European Central Bank (ECB).Japan published lacklustre economic data Friday with October inflation hitting a more than one-year low and household spending falling again.The weak consumer price reading makes the Bank of Japan's 2.0 percent inflation target -- which it initially aimed to hit in 2015 -- look increasingly out of reach.The BoJ shocked markets last month by saying it would expand its asset-buying stimulus programme to about 80 trillion yen annually, ...

Sri Lankan rupee forwards firmer on dollar sales by banks, exporters COLOMBO: Sri Lankan rupee forwards gained on Thursday as exporters sold dollars after being away from the market recently due to the local currency's weakness, and as banks offloaded the green back to cover short positions.Importers stayed on the sidelines as moral suasion by the central bank left spot rupee untraded.The rupee and three-day forwards, or spot-next, were not traded after the central bank capped the currency at predetermined levels to prevent volatility.Central bank officials ...
Won leads Asia FX gains on weak US data; peso up despite slowed GDP growth SINGAPORE: South Korea's won hit its strongest level in more than a week on Thursday, leading gains among emerging Asian currencies after US data pushed down Treasury yields and the dollar.The Philippine peso turned higher, tracking regional appreciation, although the economy grew at its slowest pace in more than five years in the third quarter.The lower-than-expected growth data forced the peso to reverse initial strength and end the morning session weaker. But it firmed again ...
Indian rupee wedged in tight band; month-end importer dollar demand hurts MUMBAI: The Indian rupee ended slightly lower on Thursday after trading in a thin band through the day as demand for the greenback from importers to meet month-end commitments weighed despite the dollar's weakness against other Asian units.Sentiment was also cautious ahead of the release of July-September economic growth data on Friday and the Reserve Bank of India's monetary policy review on Dec. 2.Traders said the long Thanksgiving holiday weekend in the United States also ...
Euro slips in Asia on ECB official's easing comments TOKYO: The euro lost more ground in Asia on Thursday after a European Central Bank official's dovish comments boosted speculation about further easing measures, while lacklustre US data weighed on the dollar.In Tokyo, the European common currency slipped to $1.2503 and 146.71 yen against $1.2506 and 147.22 yen in New York.The dollar was lower at 117.29 yen, compared with 117.72 yen in US trading."Outside the US, the most significant development has been an elaboration by ...
Dollar dips versus yen, Aussie climbs on upbeat data TOKYO: The dollar edged down against the yen on Thursday after lacklustre US economic data pushed Treasury yields lower and dulled investor appetite for the greenback. The dollar was down 0.2 percent at 117.555 yen, continuing its slow retreat from a seven-year high of 118.98 struck a week ago. Wednesday's disappointing US consumer, housing and manufacturing data pushed the benchmark 10-year US Treasury note yield to a one-month low. "Market participants are taking this opportunity ...
Euro slips in Asia on ECB official's easing comments TOKYO: The euro lost more ground in Asia on Thursday after a European Central Bank official's dovish comments boosted speculation about further easing measures, while lacklustre US data weighed on the dollar.In Tokyo, the European common currency slipped to $1.2498 and 146.92 yen against $1.2506 and 147.22 yen in New York.The dollar was lower at 117.54 yen, compared with 117.72 yen in US trading."Outside the US, the most significant development has been an elaboration by ...

 



 
Index Closing Chg%
Arrow DJIA 17,827.75 0.07
Arrow Nasdaq 4,787.32 0.61
Arrow S&P 2,072.83 0.28
Arrow FTSE 6,723.42 0.09
Arrow DAX 9,974.87 0.60
Arrow CAC-40 4,382.34 0.20
Arrow Nikkei 17,248.50 0.78
Arrow H.Seng 24,004.28 0.45
Arrow Sensex 28,438.91 0.19






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