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China's yuan falls, shrugs off stronger factory sector activity HONG KONG: China's yuan edged down against the dollar on Wednesday after the central bank set a weaker midpoint, shrugging off stronger-than-expected factory sector activity in February.The flash HSBC/Markit Purchasing Managers' Index (PMI) inched up to a four-month high of 50.1 in February, a whisker above the 50-point level that separates growth in activity from a contraction on a monthly basis.Economists polled by Reuters had forecast a reading of 49.5, little changed from January's final PMI of 49.7.The People's Bank of China set the midpoint daily fixing at 6.1384 per dollar prior to market open, weaker than the previous fix 6.1330.The spot market opened at 6.2570 per dollar and was changing hands at 6.2589 near midday, 38 pips weaker than the previous close and 1.96 percent weaker than the midpoint.The spot rate is currently allowed to trade with a range 2 percent above or below the official fixing on any ...

Dollar slips on Fed chief's rate hike comments TOKYO: The dollar fell Wednesday as US Federal Reserve chief Janet Yellen hinted a rate hike was unlikely before the summer, while the euro held up as Greece delivered a reform package critical to extending its bailout.In Tokyo, the dollar slipped to 118.73 yen from 118.94 yen in New York, as the euro ticked up to $1.1347 against $1.1342.The common currency weakened to 134.73 yen from 134.90 yen in US trading.At the start of two ...
Rupiah hits 10-week low; Asia FX dips ahead of Yellen testimony SINGAPORE: The Indonesian Rupiah hit a ten-week low on Tuesday, leading losses among emerging Asian currencies, as investors awaited Federal Reserve Chair Janet Yellen's testimony for clues on the timing of US interest rate hikes.The Rupiah came under further pressure from increasing dollar demand from local companies for month-end payments.The Philippine peso fell to a near two-week low after the central bank on Monday said it may keep interest rates unchanged this year, defying some ...
Sri Lankan spot rupee steady; central bank defends after freezing rates COLOMBO: The Sri Lankan spot rupee was unchanged in dull trade on Tuesday as the central bank defended it via moral suasion after keeping key policy rates steady.Currency forwards traded weaker a day after the monetary authority lifted a 2-cents-per-day premium limit, dealers said.The spot currency was trading steady at 132.90/133.10 per dollar at 0459 GMT compared to Monday's close.One-week forwards, which were active, traded at 133.45/55 per dollar compared with Monday's close of 133.40/45.The ...
Sri Lankan spot rupee steady, central bank defends via moral suasion COLOMBO: The Sri Lankan spot rupee traded steady in dull trade on Monday as the central bank defended it via moral suasion, while currency forwards traded weaker after the monetary authority lifted a two-cents-per-day limit, dealers said.The spot currency was traded steady at 132.90/133.10 per dollar at 0720 GMT. Four-day forward, or spot-next-next, was traded at 133.45 per dollar, compared with Friday's close of 133.00/10. "The spot rupee is flat as nobody is quoting anything ...
Euro steady after Greece bailout deal TOKYO: The euro held steady Monday after it rallied on news of a last-minute deal to extend Greece's bailout, giving Athens a crucial lifeline to pay its bills and avoid a damaging default.The common European currency was slightly lower at $1.1380 and 135.37 yen, from $1.1381 and 135.51 yen on Friday in New York where it got a boost from the conditional debt deal.The dollar barely weakened to 118.95 yen from 119.03 yen in US ...
Euro steady after Greece bailout deal TOKYO: The euro held steady Monday after it rallied on news of a last-minute deal to extend Greece's bailout, giving Athens a critical lifeline to pay its bills and avoid a damaging default.The common European currency was slightly higher at $1.1387 and 135.55 yen, from $1.1381 and 135.51 yen on Friday in New York where it got a boost from the conditional debt deal.The dollar barely budged at 119.04 yen against 119.03 yen in US ...

 



 
Index Closing Chg%
Arrow DJIA 18,132.70 0.45
Arrow Nasdaq 4,963.53 0.49
Arrow S&P 2,104.50 0.30
Arrow FTSE 6,946.66 0.04
Arrow DAX 11,401.66 0.66
Arrow CAC-40 4,951.48 0.83
Arrow Nikkei 18,797.94 0.06
Arrow H.Seng 24,823.29 0.32
Arrow Sensex 29,220.12 1.65







ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyDecember
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln