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Dollar dumped on China economy jitters TOKYO: Currency traders dumped the dollar Monday on the back of a global equities rout, as fears about China and the global economy hammered sentiment and sent investors fleeing into safer investments.The greenback dropped to 121.19 yen from 122.06 in New York on Friday and sharply down from above 124 yen on Thursday in Asia. The euro rose to $1.1451 from $1.1386, while it weakened to 138.77 yen from 138.97 yen in US trade.Jitters over China and the global economy saw traders move into the yen -- a safe haven in times of turmoil and uncertainty -- as stocks markets around the world plunge.On Monday, Shanghai shares tumbled more than eight percent in the morning, while Tokyo's benchmark stock index dropped 3.21 percent by the break.Investor fears have spiked on concerns the world's second-biggest economy is slowing more than previously thought after China's central bank devalued the yuan in a ...

Dollar takes a hit on global growth jitters TOKYO: Currency traders sold the dollar in Asian trading on Friday as confidence in the global economy headed south and hopes for a September US interest rate hike faded.The greenback slipped to 123.07 yen, down from 123.38 yen in New York and well below rates above the 124 yen level seen earlier Thursday in Tokyo. The euro also benefited from market jitters, with the 19-nation unit quoted at $1.1274 and 138.77 yen, up from $1.1241 ...
Dollar struggles as Fed minutes dampen rate-hike hopes TOKYO: The dollar was under pressure against the yen and euro in Asia Thursday after surprisingly bearish minutes from the US Federal Reserve's last meeting dampened hopes for an imminent interest rate hike.In Tokyo, the dollar bought 124.04 yen, up from 123.89 yen in New York, but well down from 124.32 yen in Asian trading on Wednesday before the minutes' release.The euro ticked up to $1.1124 and 137.98 yen, from $1.1121 and 137.78 yen in ...
Kazakh currency falls 23pc after switch to free-float ASTANA: Energy-rich Kazakhstan announced Thursday it was abandoning its currency band for a free-floating exchange rate, in a move that triggered a 23-percent fall in the value of the tenge against the US dollar."The National Bank and the government have decided to implement a new monetary policy from August 20, 2015 based on an inflation-targeting regime, to cancel the trading band and move to a free-floating regime," Prime Minister Karim Massimov said at a Thursday ...
Dollar struggles as Fed minutes dampen rate-hike hopes TOKYO: The dollar was under pressure in Asian trading Thursday after surprisingly bearish minutes from the US Federal Reserve's last meeting dampened hopes for an imminent interest rate hike.In Tokyo, the dollar bought 123.92 yen, slightly up from 123.89 yen in New York, but sharply down from 124.32 yen in Asian trading on Wednesday before the minutes' release.The euro ticked up to $1.1136 and 137.98 yen, from $1.1121 and 137.78 yen in US trade, winning ...
Sri Lankan rupee ends firmer as state-run bank cuts dollar peg COLOMBO: The Sri Lankan rupee ended higher on Wednesday after a state-run bank, through which the central bank usually directs the market, reduced the currency's peg against the dollar by 10 cents to allow the exchange rate to appreciate to 133.90. The market had expected the central bank to allow a slight depreciation in the rupee, in line with other regional currencies that have declined against the dollar. The rupee ended at 133.90 per dollar, ...
Dollar up on rate hike hopes, baht falls after Bangkok blast TOKYO: The dollar rose against the yen Tuesday as strong housing data bolstered hopes for a US interest rate hike, while the Thai baht slumped to a fresh six-year low after a deadly Bangkok bombing.In Tokyo, the greenback edged up to 124.44 yen, against 124.41 yen in New York, after the National Association of Home Builders said homebuilder sentiment hit its highest level since the recession ended in 2009. The positive news come ahead of ...

 



 
Index Closing Chg%
Arrow DJIA 16,528.03 0.69
Arrow Nasdaq 4,776.51 1.07
Arrow S&P 1,927.18 0.84
Arrow FTSE 6,247.94 0.90
Arrow DAX 10,259.46 0.38
Arrow CAC-40 4,652.95 0.47
Arrow Nikkei 18,890.48 1.28
Arrow H.Seng 21,670.58 0.27
Arrow Sensex 26,283.09 0.41





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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln