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China Feb forex purchases 128.2bn yuan, lowest since September BEIJING: China's central bank and commercial banks purchased 128.2 billion yuan ($20.75 billion) worth of foreign exchange on a net basis in February, according to data released on Tuesday. That was down from January's 437.4 billion yuan, showing China saw decreased net capital inflows in February. It was the lowest amount of net purchases since September 2013. Copyright Reuters, 2014 ...

Australia & NZ dollars firm, RBA rates happily on hold SYDNEY/WELLINGTON: The Australian and New Zealand dollars were firm on Tuesday as concerns over the Ukraine/Crimea crisis waned for the moment, while Australia's central bank reiterated that rates were likely to be kept on hold for some time. The Aussie edged up to $0.9077, having recovered from a low just under 90 cents on Monday.It made the biggest inroads against a broadly-weaker yen to be at 92.40 yen.It gained more than 1 percent in one ...
South Korea won nearly flat before Fed, BoK chief nominee hearing SEOUL: The South Korean won was nearly flat early on Tuesday as investors took a breather before this week's US Federal Reserve policy meeting as well as the parliamentary hearings for the Bank of Korea's governor-nominee.The local currency was quoted at 1,068.2 against the dollar as of 0217 GMT, down 0.1 percent from Monday's domestic close at 1,067.4.Investors will zoom in on the Federal Open Market Committee meeting that concludes on Wednesday, at which it ...
China's yuan falls, seen remaining weak in the near term HONG KONG: China's yuan slipped against the dollar on Tuesday after the central bank, which over the weekend widened the currency's trading band, set a weaker midpoint fixing.Traders said they expect the yuan to trend downward in the short-term as the Chinese economy is losing steam.The spot yuan changed hands at 6.1853 near midday, down 0.12 percent from the previous day's close at 6.1781. The PBOC fixed the yuan midpoint at 6.1341, down 0.03 percent ...
Yen weakens in Asia despite Crimea tensions TOKYO: The dollar and euro rose against the yen in Asia Tuesday as investors took in their stride Crimea's vote to leave Ukraine and join Russia as the West announce sanctions against Moscow officials.The greenback fetched 101.79 in Tokyo morning trade, up from 101.68 yen in New York Monday afternoon.The euro also rose to 141.77 yen from 141.58 yen in US trade, and $1.3930 from $1.3921, despite weak eurozone inflation data.The yen, a low-risk and ...
Sri Lankan rupee retreats on importer dollar demand COLOMBO: The Sri Lankan rupee closed slightly weaker on Monday as late importer dollar demand surpassed early dollar sales by exporters and a private bank, dealers said.The spot rupee ended lower at 130.63/70 per dollar after rising to 130.57/62 in early trading. It edged down from Friday's close of 130.62/65.The rupee currency strengthened slightly in early trade, which dealers attributed to dollar sales by a private bank which it got from selling gold. Two dealers ...
China's politically-sensitive yuan falls after reform SHANGHAI: China's yuan weakened against the dollar on Monday after the central bank doubled the trading band for the currency, which the United States has long insisted is undervalued.The People's Bank of China (PBoC) said Saturday it would allow the yuan to move up or down two percent daily -- double the previous one percent -- on either side of a mid-point set under the guidance of the bank, which says it polls market makers.The ...


Index Closing Chg%
Arrow DJIA 16,643.01 0.07
Arrow Nasdaq 4,828.32 0.32
Arrow S&P 1,988.87 0.06
Arrow FTSE 6,247.94 0.90
Arrow DAX 10,298.53 0.17
Arrow CAC-40 4,675.13 0.36
Arrow Nikkei 19,136.32 3.03
Arrow H.Seng 21,612.39 1.04
Arrow Sensex 26,392.38 0.61

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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln