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South Korean won firms as dollar pressured; bonds flat SEOUL: The South Korean won firmed on Thursday as the dollar came under pressure as investors pondered the implications of a potential tapering back of the Federal Reserve's massive monetary stimulus programme.The won stood at 1,127.4 against the dollar at the end of domestic trade, up half a percent from Wednesday's onshore close of 1,132.9, when it fell close to a 7-week low.Local exporters also supported the won as they sold dollars for month-end settlements, investors said, although it was not the key factor for the won's rally."The market today was mostly influenced by the level of the dollar against the yen," said a local bank dealer in Seoul."I didn't get the feeling there was an abundance of dollar sales from exporters and the tumble in Japanese stocks had little effect (on the won)."The yen pulled away from a nearly three-week high against the dollar, while the Nikkei share index ...

Yuan slips despite stronger midpoint, market sees gains capped for now SHANGHAI: China's yuan edged lower against the dollar on Thursday in spite of a stronger official midpoint as the market showed doubt that the yuan has potential to appreciate further following its recent gains.Spot yuan was trading at 6.1289 against the dollar, down from 6.1267 at Wednesday's close. If the Chinese currency does not rebound in the afternoon, Thursday will be the third straight day it has fallen.Before Thursday's trade began, the People's Bank of ...
Dollar weakens in Asian trade TOKYO: The dollar weakened in Asian trade Thursday with few trading cues as firms adjust their month-end forex positions, dealers said, while concerns about global growth hung over markets.The greenback had dropped below the 101-yen level in early Tokyo trade as the Nikkei 225 plunged more than three percent -- yen trade and the benchmark stock index are closely interlinked as the value of the Japanese currency directly affects the competitiveness of the country's exporters.But ...
Yuan slips on corporate dollar demand, eyes on PBOC SHANGHAI: China's yuan fell slightly on Wednesday as traders reported strong dollar demand from major Chinese oil companies and after the central bank set a lower midpoint to signal a brief pause in the currency's appreciation.Spot yuan was trading at 6.1274 against the dollar, down from 6.1215 at Tuesday's close. Despite the fall, the yuan has hit record highs seven times this month and traded as high as 6.1210 on Monday, its best mark since ...
Dollar firm in Asian trade after US rally TOKYO: The dollar held steady in Asian trade on Wednesday after flying on fresh data that showed US consumer confidence and home prices were on the rise.The figures are the latest evidence that the world's biggest economy could be mounting a recovery, paving the way for the US Federal Reserve to roll back its huge bond-buying programme known as quantitative easing.Dollar trade has been influenced by differing views over comments from Fed chairman Ben Bernanke ...
Dollar slips in Asian trade after US rally TOKYO: The dollar lost ground in early Asian trade on Wednesday after flying on fresh data that showed US consumer confidence and home prices were on the rise.The figures are the latest evidence that the world's biggest economy could be mounting a recovery, paving the way for the US Federal Reserve to roll back its huge bond-buying programme known as quantitative easing.Dollar trade has been influenced by differing views over comments from Fed chairman Ben ...
South Korea won edges down as yen softens; bonds slip SEOUL: The South Korean won fell early on Tuesday after two sessions of gains as investors sold the currency, acting on worries over the yen's weakness against the dollar.The local currency was quoted at 1,124.4 against the dollar as of 0025 GMT, compared to Monday's domestic close at 1,122.4.Although it kept most of its recent gains, the yen was seen slipping early on Tuesday, raising investor concerns over the position of South Korean exporters that ...

 



 
Index Closing Chg%
Arrow DJIA 17,055.87 0.68
Arrow Nasdaq 4,508.69 0.42
Arrow S&P 1,982.77 0.58
Arrow FTSE 6,676.08 1.44
Arrow DAX 9,595.03 1.58
Arrow CAC-40 4,359.35 1.87
Arrow Nikkei 16,205.90 0.71
Arrow H.Seng 23,837.07 0.49
Arrow Sensex 26,775.69 1.58






Banking Review 2013


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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 18, 2014
Reserves $13.525 bln