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South Korean won bounces from 15 month low, shares edge higher SEOUL: The South Korean won rebounded from a 15-month trough on Friday, as the dollar took a breather, especially against the yen which jumped on a warning by the Japanese finance minister against rapid currency moves.The won was quoted at 1,110.1 to the dollar as of 0245 GMT, compared to Thursday's close of 1,115.1.The won's uptick was driven by the yen's rebound earlier on Friday, after Japanese Finance Minister Taro Aso expressed concerns about the yen's rapid fall - a side effect of the massive monetary easing campaign undertaken by the Bank of Japan."Profit-taking and exporter demand for settlements are limiting the won's fall for now, but it will face more downward pressure with the yen/dollar rate expected to test the 120 level soon," said Ma Ju-ok, an economist at Kiwoom Securities."If the weak yen trend persists, the financial authorities could scale up their intervention in the market," especially if ...

Yen jumps after Japan fin min warns on rapid fall TOKYO: The yen rose sharply on Friday after Japanese Finance Minister Taro Aso said the currency's fall over the past week was too rapid, in one of the strongest warnings against a weak yen since Japan started its aggressive monetary stimulus two years ago. The dollar rallied to 117.355 per dollar from around 118.00 yen before his comments, extending it recovery from a seven-year low of 118.98 struck on Thursday. The yen last traded at ...
Yen recovers from multi-year lows TOKYO: The yen clawed back some losses in Asia after a steep slide over the past week left it at multi-year lows against the dollar and euro, but analysts said another fall could be in store.In Tokyo, the greenback slipped to 117.85 yen, against 118.22 yen in New York, where it almost broke the 119 yen level for the first time since August 2007.The euro bought 147.23 yen compared with 148.25 yen, a six-year high, ...
Yen recovers from multi-year lows TOKYO: The yen clawed back some losses in Asia after a steep slide over the past week left it at multi-year lows against the dollar and euro, but analysts said another fall could be in store.In Tokyo midday trading, the greenback was at 117.76 yen, compared with 118.22 yen in New York, where it almost broke the 119 yen level for the first time since August 2007.The euro bought 147.81 yen compared with 148.25 yen, ...
Sliding yen, weak China PMI hit Asia FX; Sing dollar up with intervention spotted SINGAPORE: Most emerging Asian currencies fell on Thursday with the South Korean won near a 15-month low as the yen lost ground and a private survey of China's manufacturing sector increased worries about a slowdown in the world's second-largest economy.The Singapore dollar rose as the central bank was suspected by traders of supporting the currency.The won kept underperforming as it is seen more sensitive to the yen's weakness, given the competition between South Korea and ...
Sri Lankan rupee forwards fall on importer dollar demand COLOMBO: Sri Lankan rupee forwards ended weaker on Thursday due to dollar demand from importers, but moral suasion by the central bank limited its fall, dealers said.The local currency is under pressure as imports continue to rise on stable foreign exchange and low interest rates, they said.The rupee will likely remain weak due to rising seasonal imports, at least through November and then start to inch up in December on remittances, they added.The spot currency ...
Indian rupee recoups losses to end nearly flat MUMBAI: The Indian rupee ended nearly flat on Thursday after a fall to a nine-month low had sparked mild intervention from the central bank, as emerging market currencies were hit by a weak reading in a private survey of China's manufacturing.The China flash HSBC/Markit manufacturing purchasing managers' index (PMI) fell to a six-month low in November, with output contracting for the first time in six months.The falls in the rupee are raising the prospect of ...

 



 
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 6,729.17 0.03
Arrow DAX 9,915.56 0.55
Arrow CAC-40 4,373.42 0.20
Arrow Nikkei 17,383.58 0.14
Arrow H.Seng 24,111.98 1.12
Arrow Sensex 28,386.19 0.17






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