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Dollar firm in Asia as US government shutdown looms TOKYO: The dollar rose in Asia on Tuesday with investors focused on a budget standoff in Washington that could shut down the federal government in a matter of hours.The greenback bought 98.62 yen in Tokyo morning trade, from 98.21 yen on Monday in New York, where it had earlier fallen to a seven-week low of 97.50 yen. The euro has come under pressure owing to a political row in Italy that threatens the future of the country's young government. The single currency fetched $1.3520 and 133.35 yen compared with $1.3524 and 132.81.Late Monday, the US Senate killed the latest House measure to delay President Barack Obama's health care law as part of a federal funding bill.With less than two hours before a midnight deadline, Republicans and Democrats refuse to shift positions over a new budget that if not agreed will mean the first government closure in 17 years.Obama has warned ...

Sri Lanka rupee weaker on importer dollar demand despite central bank direction COLOMBO: The Sri Lankan rupee ended weaker on Friday on importer dollar demand, while the central bank's direction not to trade above 132.00 per dollar made dealers trade in the forward market, dealers said.The rupee spot quoted at 131.90/132.10, compared with Thursday's close of 131.90/132.00.The rupee spot next or three-day forward, which started trading in the market, closed at 132.10/15 per dollar."There was importer demand, the spot next started trading with moral suasion," said a ...
Indian rupee snaps 2 days of gains; June- quarter current a/c data due MUMBAI: The Indian rupee fell on Friday, snapping two sessions of gains, as foreign banks bought dollars for their custodial clients, with the June-quarter current account deficit numbers due on Monday expected to provide direction to the currency.India's current account deficit, which hit a record high in the last fiscal year, is expected to be around $23 billion-$25 billion or 4.8-5.4 percent of gross domestic product (GDP) in April-June, from $18.1 billion, or 3.6 percent, ...
Yen rebounds in Asia TOKYO: The yen rallied in Asia on Friday, rebounding from the previous day's losses fuelled by a report that Japan would cut corporate taxes to offset the impact of an expected hike in sales tax.In Tokyo afternoon trade, the dollar bought 98.62 yen, compared with 98.94 yen late in New York and well below the levels above 99 yen in Asia Thursday.The euro slipped to 133.03 yen from 133.48 yen, while holding steady at $1.3489 ...
Yen rebounds in Asia TOKYO: The yen rallied in Asia on Friday, rebounding from the previous day's losses fuelled by a report that Japan would cut corporate taxes to offset the impact of an expected hike in sales tax.In Tokyo midday trade, the dollar bought 98.72 yen, compared with 98.94 yen late in New York and well below the levels above 99 yen in Asia Thursday.The euro slipped to 133.10 yen from 133.48 yen, and to $1.3483 from $1.3488.Japan's ...
Baht up on solid export data; Asia FX higher SINGAPORE: The Thai baht rose thanks to stronger-than-expected export data on Thursday, leading gains in emerging Asian currencies, though investors hesitated to make big bets on regional units amid caution over a deadlock blocking a US budget deal.The baht gained as much as 0.8 percent to 31.09 per dollar as exports in August grew at their fastest pace in five months, improving the chances the country can emerge from recession in the third quarter despite ...
Kenya shilling strengthens after bond auction NAIROBI: The Kenya shilling firmed against the dollar on Thursday after an infrastructure bond auction that attracted inflows from offshore investors and squeezed liquidity on local money markets.The auction has helped the shilling bounce back swiftly from some weakness seen around a dramatic four-day siege of a Nairobi shopping mall which killed at least 67 and threw Kenyan security issues onto the world stage.The Somali al Shabaab militant group claimed responsibility."It seems to be going ...

 



 
Index Closing Chg%
Arrow DJIA 17,804.80 0.15
Arrow Nasdaq 4,765.38 0.36
Arrow S&P 2,070.65 0.46
Arrow FTSE 6,545.27 1.23
Arrow DAX 9,786.96 0.25
Arrow CAC-40 4,241.65 0.18
Arrow Nikkei 17,621.40 2.39
Arrow H.Seng 23,116.63 1.25
Arrow Sensex 27,371.84 0.90






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyOctober
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln