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Yuan firms on stronger midpoint, Chinese premier's comments SHANGHAI: China's yuan jumped to a more than one-week high versus the dollar on Thursday, buoyed by a firmer central bank midpoint and after comments by Chinese Premier that Beijing would not use yuan depreciation to support the economy, traders said.Spot yuan opened at 6.1950 per dollar and strengthened to 6.1931 before settling back to 6.1960 by midday, to stand 0.15 percent stronger than Wednesday's close.The People's Bank of China (PBOC) set the midpoint rate at 6.1305 per dollar prior to market open, 0.06 percent firmer than the previous fix at 6.134.Traders said the yuan's sharp rise also came after China's Premier Li Keqiang was quoted as saying that he did not want to use currency depreciation to boost the flagging exports sector during an interview with Financial Times.The yuan's recent move suggests that as China's export engine sputters, it is avoiding the seemingly simple fix of letting its managed ...

Sri Lankan rupee forwards end weaker after central bank's surprise rate cut COLOMBO: Sri Lankan rupee forwards ended weaker on Wednesday on importer dollar demand after the central bank in a surprise move cut key monetary policy rates and dealers expect more downward pressure on the local currency.Actively traded one-week forwards ended at 133.58/62 per dollar, down from Friday's close of 133.45/52. Two-week forwards ended at 133.78/85 from Friday's finish of 133.60/70.The markets were closed on Monday and Tuesday for the Sinhala-Tamil New Year."Import demand is picking ...
Dollar edges up in Asian trade TOKYO: The dollar edged up against other major currencies on Monday after weaker than expected Chinese trade data, supported by investor expectations of US interest rate increases.The greenback was at 120.44 yen in Tokyo compared with 120.30 yen in New York late Friday.The euro bought $1.0593 and 127.47 yen against $1.0599 and 127.50 yen.A report last week showed fewer Americans applied for first-time unemployment benefits over the past few weeks than at any time in ...
Dollar steady in early Asian trade TOKYO: The dollar held up against other major currencies on Monday, backed by investor expectations for US interest rate increases and after weaker-than-expected Chinese trade data.The greenback was at 120.35 yen in Tokyo, compared with 120.30 yen in New York late Friday.The euro bought $1.0593 and 127.47 yen against $1.0599 and 127.50 yen.A report last week showed fewer Americans applied for first-time unemployment benefits over the past few weeks than at any time in almost ...
Hong Kong defends US dollar peg as stocks surge HONG KONG: Hong Kong's de facto central bank intervened in forex markets for the first time in eight months to protect its currency's peg to the US dollar as a massive surge in the city's stock market drives up demand for the local unit.The Hong Kong Monetary Authority (HKMA) said it sold HK$3.1 billion ($400 million) on Thursday at HK$7.75 a dollar in a bid to weaken the currency. The last time it was forced ...
Dollar firm on expectations of higher US rates TOKYO: The dollar held firm against other currencies on Friday, after an upbeat US jobs report added to the chances the Federal Reserve will increase interest rates as global peers stick to easy money policies.The greenback was at 120.57 yen in Tokyo trade compared with 120.59 yen in New York late Thursday but well up from 120.28 yen in Tokyo earlier Thursday.The US Labor Department reported Thursday that the number of first-time unemployment claims filed ...
Dollar firms on lingering hopes for June rate hike TOKYO: The dollar firmed on Thursday after the minutes of the Federal Reserve's last policy meeting showed a split over the timing of an interest-rate increase, keeping chances of a June hike alive.The dollar bought 120.28 yen in Tokyo afternoon trade, up from 120.14 yen in New York late Wednesday.According to the minutes of the March 17-18 meeting of the Federal Open Market Committee, "several participants" thought conditions were right for a June hike in ...

 



 
Index Closing Chg%
Arrow DJIA 18,232.02 0.29
Arrow Nasdaq 5,089.36 0.03
Arrow S&P 2,126.06 0.22
Arrow FTSE 7,031.72 0.05
Arrow DAX 11,815.01 0.42
Arrow CAC-40 5,142.89 0.07
Arrow Nikkei 20,264.41 0.30
Arrow H.Seng 27,992.83 1.70
Arrow Sensex 27,957.50 0.53





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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyMay 21, 2015
Reserves $17.75 bln