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Dollar ticks up ahead of Fed meeting TOKYO: The dollar edged up against the yen and euro Wednesday as investors await the outcome of a Federal Reserve policy meeting, while Greece's precarious debt talks were also in focus.In Tokyo, the greenback fetched 123.44 yen, rising from 123.36 yen in New York, while the euro was at $1.1242 and 139.00 yen against $1.1251 and 138.79.Few expect the Fed to launch its first rate increase in nine years when the meeting wraps up later Wednesday with a statement and press conference by its chair Janet Yellen.But it could signal how confident or not the central bank is in the US economy's rebound since a first-quarter contraction, and whether it is prepared to launch into an expected series of rate increases as early as September."How much Yellen talks about the timing of a first rate hike will be the number one focus of attention," Etsuko Yamashita, chief economist at Sumitomo ...

Euro shakes off Greece woes in Asia, Fed meeting in focus HONG KONG: The euro edged up in Asia Wednesday despite Greece hitting out at its creditors as its debt reform talks remain in stalemate, while investors await the end of a key Federal Reserve policy meeting later in the day.With the release of some disappointing US data and the Greek crisis dragging on, analysts said dealers are hoping the Fed puts back a rate hike, which is expected by the end of the year.Hong Kong ...
China's yuan snaps 8-day losing streak on firmer midpoint SHANGHAI: China's yuan snapped an eight-day losing streak against the dollar on Tuesday and edged up after the central bank set the official guidance rate higher."Some companies sold dollars in early trade, and that pushed up the rate a little bit, but the dollar supply and demand quickly came to a rough balance," said a trader at a Chinese city commercial bank in Shanghai.The People's Bank of China (PBOC) set the midpoint rate at 6.1155 ...
Sri Lanka rupee steady at record low; stocks up COLOMBO: The Sri Lankan rupee traded steady at a record low on Monday in dull trade as a state-run bank, through which the central bank directs the markets, offered dollars at 114, dealers said.Central Bank Governor Arjuna Mahendran last week said the country should let market forces determine its rupee exchange rate and warned that trying to buck the global trend of a rising dollar is "suicidal".The spot currency was steady at 134.00 per dollar ...
China's yuan flat for 3rd straight day, could end week lower SHANGHAI: China's yuan was flat against the dollar on Friday for the third consecutive trading session after the central bank set the daily guidance rate weaker.For the week, the currency is likely to be 0.05 percent lower if it closes at the midday level.The People's Bank of China (PBOC) set the midpoint rate at 6.1167 per dollar prior to market open, 0.03 percent weaker than the previous fix at 6.115.The spot market opened at 6.2059 ...
Sri Lanka rupee falls to record low COLOMBO: The Sri Lankan rupee fell to a record low of 134 on Friday as a state-run bank, through which the central bank directs the markets, lowered the dollar selling rate by 20 cents, dealers said.Currency dealers said hopes that the rupee would strengthen on rising inflows was fading as the currency has come under pressure due to political uncertainty ahead of a parliament poll and foreign selling in rupee bonds during the last few ...
Euro falls as IMF walks out of Greek bailout talks TOKYO: The euro fell on Friday as hopes for a Greek bailout deal took a hit after the International Monetary Fund pulled out of crunch talks between Athens and its creditors.In Tokyo, the single currency was at $1.1229 and 138.63 yen, against $1.1260 and 139.00 yen in New York.The dollar bought 123.47 yen against 123.45 yen.The IMF piled pressure on Athens Thursday when it walked away from the talks saying the "ball is very much ...


Index Closing Chg%
Arrow DJIA 17,730.11 0.16
Arrow Nasdaq 5,009.22 0.08
Arrow S&P 2,076.78 0.03
Arrow FTSE 6,585.78 0.67
Arrow DAX 11,058.39 0.37
Arrow CAC-40 4,808.22 0.57
Arrow Nikkei 20,539.79 0.08
Arrow H.Seng 26,064.11 0.83
Arrow Sensex 28,092.79 0.53

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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 $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 01, 2015
Reserves $18.5 bln