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China's yuan falls over 1pc for first time after band widened HONG KONG: China's yuan fell more than 1 percent against the dollar on Wednesday, the first time it has fallen by such a margin, after the daily trading band was widened. The yuan opened at 6.1940 per dollar, 20 pips weaker than Tuesday's close of 6.1920. It quickly hit 6.1965 in monring trade. The People's Bank of China (PBOC) on Saturday doubled the yuan's daily trading range to enable it to rise or fall 2 percent around the daily mid-point rate, an important step to make the "redback" finally fully convertible.Copyright Reuters, 2014 ...

South Korea won edges lower, tracking yuan's fall SEOUL: The South Korean won edged lower early on Wednesday, tracking the yuan's decline but trading in a relatively narrow band as investors opted for caution ahead of the US Federal Reserve's policy decision.The local currency was quoted at 1,070.8 against the dollar as of 0259 GMT, compared with Tuesday's domestic close of 1,069.2, and extending its decline into a second day.Dealers said the won was tracking the depreciation of the yuan, which fell more ...
Thai baht at 3 month high as govt lifts Bangkok emergency, most Asia FX down SEOUL: The Thai baht hit a three-month high on Tuesday, while most emerging Asian currencies fell on a weaker Chinese yuan and caution over what the US Federal Reserve may do at a policy meeting.The baht rose as much as 0.4 percent to 32.10 per dollar, its strongest since Dec. 18, as Thailand's government said it would lift a state of emergency because anti-government protests have become less active.Bangkok shares also touched their highest level ...
Sri Lankan rupee steady in dull trade; stocks slip COLOMBO: The Sri Lankan rupee traded steady in dull trade as thin importer dollar demand offset light exporter dollar sales, dealers said. The spot rupee was unchanged at 130.63/70 per dollar at 0607 GMT. "It's a quiet market. There is not much of a trading," said a currency dealer on condition of anonymity. Contrary to market expectations, the local currency has been gaining ahead of the traditional new year in April. Usually, the rupee falls ...
Yen weakens in Asia despite Crimea tensions TOKYO: The dollar and euro rose against the yen in Asia Tuesday as investors took in their stride Crimea's vote to leave Ukraine and join Russia as the West announce sanctions against Moscow officials.The greenback fetched 101.82 in Tokyo afternoon trade, up from 101.68 yen in New York Monday.The euro also rose to 141.87 yen from 141.58 yen in US trade, and $1.3931 from $1.3921, despite weak eurozone inflation data.The yen, a low-risk and safe ...
China Feb forex purchases 128.2bn yuan, lowest since September BEIJING: China's central bank and commercial banks purchased 128.2 billion yuan ($20.75 billion) worth of foreign exchange on a net basis in February, according to data released on Tuesday. That was down from January's 437.4 billion yuan, showing China saw decreased net capital inflows in February. It was the lowest amount of net purchases since September 2013. Copyright Reuters, 2014 ...
Australia & NZ dollars firm, RBA rates happily on hold SYDNEY/WELLINGTON: The Australian and New Zealand dollars were firm on Tuesday as concerns over the Ukraine/Crimea crisis waned for the moment, while Australia's central bank reiterated that rates were likely to be kept on hold for some time. The Aussie edged up to $0.9077, having recovered from a low just under 90 cents on Monday.It made the biggest inroads against a broadly-weaker yen to be at 92.40 yen.It gained more than 1 percent in one ...


Index Closing Chg%
Arrow DJIA 18,034.93 1.17
Arrow Nasdaq 4,994.60 1.27
Arrow S&P 2,100.40 0.92
Arrow FTSE 7,052.13 0.82
Arrow DAX 11,891.59 1.74
Arrow CAC-40 5,187.59 0.86
Arrow Nikkei 19,634.49 0.09
Arrow H.Seng 27,094.93 2.02
Arrow Sensex 27,886.21 1.95

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Banking Review 2014

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