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China's yuan slips on weak midpoint, large trade surplus caps losses SHANGHAI: China's yuan eased against the dollar on Monday after the central bank set the daily guidance rate lower for a second straight session, but a near record trade surplus helped to reverse the loss, traders said.The People's Bank of China (PBOC) set the midpoint rate at 6.1205 per dollar prior to market open, 0.04 percent weaker than the previous fix at 6.1181.The spot market opened at 6.2055 per dollar and touched the intraday low at 6.2083 during early morning trading session.But the loss narrowed after China posted May trade data. The yuan was changing hands at 6.2044 at midday, only down 0.02 percent from the previous close.China's exports in May fell 2.5 percent from a year earlier and imports slid 17.6 percent, data released by the General Administration of Customs on Monday.That left the country with a near record trade surplus of $59.49 billion for the month, putting some ...

Dollar still strong after US jobs report TOKYO: The dollar held steady in Asia on Monday after soaring on a strong US jobs report that sparked talk the Federal Reserve would move more quickly to raise interest rates.The greenback bought 125.40 yen, slightly down from 125.56 yen late Friday in New York where the US unit climbed briefly to a 13-year high of 125.86 yen.But the dollar was still up from 124.45 yen in Tokyo on Friday before the US jobs data. ...
Euro drifts lower on unresolved Greek debt talks TOKYO: The euro lost ground Friday on uncertainty about Greece's future in the eurozone as it struck a last-minute deal to delay a debt repayment, but still faced several stumbling blocks before reaching a bailout reform agreement.In Tokyo trading, the single currency slipped to $1.1213 and 139.51 yen from $1.1239 and 139.79 yen in New York.Facing a Friday deadline, Greece bought time in debt crisis negotiations when it moved to bundle four International Monetary Fund ...
Sri Lankan rupee forwards rise amid dollar sales COLOMBO: Sri Lankan rupee forwards ended firmer on Thursday, gaining for a third straight day on dollar sales amid expectation that the unit would rise further due to expected inflows, while the spot currency traded steady as a state-run bank sold the greenback, dealers said.One-week forwards, which were actively traded, ended at 134.10/20 per dollar, compared with Wednesday's close of 134.20/30.Three-month forwards, which have been actively traded over the last few weeks in the absence ...
South Korea won posts biggest daily gain in 3 weeks; shares down SEOUL: The South Korean won posted its biggest daily gain against the dollar in three weeks on Wednesday as the greenback broadly fell on hopes of progress in Greek debt talks and after a jump in European bond yields. Meanwhile, investors were wary of intervention by foreign exchange authorities to trim the local currency's appreciation to the yen. The won closed local trade down 0.7 percent at 1,104.7 to the dollar, posting its best daily ...
Dollar pressured after rally fizzles TOKYO: The dollar was under pressure against the euro and other currencies Wednesday after its rally ended on doubts over a US rate rise and speculation about a Greek funding deal. The greenback slipped to 123.96 yen in Tokyo trading from 124.09 yen late Tuesday in New York, and way off from a more than 12-year high of 125.05 yen recorded earlier Tuesday in Tokyo.The euro bought $1.1155 and 138.32 yen Wednesday in Tokyo, compared ...
Dollar hits more than 12 year high on yen TOKYO: The dollar hit a more than 12-year high against the yen on Tuesday as upbeat US data reignited talk of an interest rate hike this year.In Tokyo, the dollar briefly hit 125.05 yen -- its strongest level since December 2002 -- before settling back to 124.73 yen, compared with 124.81 yen in New York."The current dollar-buying sentiment is likely to remain strong for now as the market tends to react to US economic figures ...


Index Closing Chg%
Arrow DJIA 17,683.58 0.26
Arrow Nasdaq 4,991.94 0.34
Arrow S&P 2,068.76 0.39
Arrow FTSE 6,535.68 0.76
Arrow DAX 10,890.63 1.52
Arrow CAC-40 4,711.54 2.01
Arrow Nikkei 20,112.12 2.08
Arrow H.Seng 25,236.28 3.18
Arrow Sensex 28,208.76 0.41

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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 06, 2015
Reserves $18.201 bln