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Asian currencies recover after yuan-cut rout TOKYO: Asian currencies gained Thursday, rebounding from the worst two-day rout in almost 20 years after China reassured markets it would not engage in a currency war. Emerging market currencies including the Indonesian rupiah, Philippine peso and South Korean won rose slightly against the dollar after China Thursday trimmed its yuan reference rate 1.1 percent. The cut, which was smaller than those in the previous two days, and news the central bank intervened to stablise the yuan on Wednesday reassured dealers Beijing would not allow its currency to slump."It's likely the worst is over," Patrick Bennett, a strategist at Canadian Imperial Bank of Commerce in Hong Kong, told Bloomberg News."PBOC intervention has calmed the market. There is not a sense that the onshore yuan will weaken forever."In Tokyo afternoon trade the dollar changed hands at 124.39 yen, up from 124.24 yen in New York, where it took a hit on ...

Dollar jumps after China devalues currency again TOKYO: The dollar rose against a range of Asia-Pacific currencies on Wednesday after China cut the value of the yuan against the greenback for a second consecutive day.In Tokyo morning trade, the dollar added to day-earlier gains on the Indonesian rupiah, Indian rupee and South Korean won, and bought 125.21 yen, up from 125.12 yen in New York and 124.89 yen in Asia on Tuesday.The US unit also strengthened against the Australian dollar, which is ...
Sri Lanka rupee ends steady despite importer dollar demand COLOMBO: The Sri Lankan rupee ended steady on Tuesday as a state-run bank, through which the central bank usually directs the market, sold dollars at a flat rate of 133.75 despite demand for the greenback from importers, dealers said. The rupee closed at 133.75 per dollar, after the state-owned bank raised the currency's peg against the dollar by 25 cents on Thursday to allow the exchange rate to depreciate to 133.75. "There are reluctant sellers ...
China yuan devaluation pressures Asian currencies TOKYO: Asia's currencies came under pressure on Tuesday after China unexpectedly devalued its yuan currency in the face of weakening growth, driving the dollar higher.China's central bank announced a near two percent drop in the value of its yuan against the US dollar, the biggest fall since the currency was unpegged from the greenback in 2005.The surprise move sent ripples through Asia's currency markets, sending the Australian dollar -- often seen as a proxy for ...
Dollar rises against yen after US jobs report TOKYO: The dollar rose against the yen in Asia on Monday after a solid US jobs report boosted expectations that the Federal Reserve will soon lift interest rates.In Tokyo, the greenback ticked up to 124.36 yen from 124.22 yen in New York on Friday.The euro edged higher to $1.0966 and 136.40 yen, from $1.0962 and 136.16 yen."Players' reaction to the US jobs data was mixed, but the figures were not so bad in general," said ...
Dollar ticks up ahead of US jobs data TOKYO: The dollar rose against the euro and yen Friday as traders focus on key US jobs data later in the day, with an upbeat report likely to boost hopes for a September interest rate hike.In Tokyo, the greenback ticked up to 124.80 yen from 124.73 yen in New York. The euro edged down to $1.0915 and 136.20 yen from $1.0923 and 136.25 yen.Investors are eyeing official US jobs data later Friday for the latest ...
South Korea won inches up ahead of US key jobs data; shares fall SEOUL: The South Korean won inched up to the dollar on Thursday as some traders trimmed dollar-long positions ahead of US non-farm payrolls data due late in the week. The won closed up 0.6 percent at 1,166.2 to the dollar after touching a three-year low of 1,175.1 in the previous session. The Korea Composite Stock Price Index (KOSPI) closed down 0.8 percent at 2,013.29 points, with market bellwether Samsung Electronics Co Ltd and Hyundai Motor ...


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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