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Sri Lankan rupee trades steady on state bank dollar selling COLOMBO: The Sri Lankan rupee was steady in dull trade on Friday as a state-run bank sold dollars at 133.70, dealers said, unchanged from the spot currency's Thursday close, its highest since May 25.A state-owned bank, through which the central bank usually directs the market, sold dollars at 133.70, keeping the currency steady, dealers said.Depreciation pressure on the currency eased after Finance Minister Ravi Karunanayake said on Tuesday the spot would climb 3 percent to a two-year high of 130 per dollar in two weeks, dealers said. Three-month forwards were also steady at 135.25/35 per dollar compared with Thursday's close."There is not much trade taking place. The rupee is trading at the same levels with the state bank selling at 133.70," said a currency dealer asking not to be named.The market expects the rupee to gain on expected inflows, but currency dealers said it was unlikely to appreciate as much ...

Japan consumer prices up 0.1pc year-on-year in May; govt TOKYO: Japanese consumer prices grew a tepid 0.1 percent year-on-year in May while household spending rose for the first time in more than a year, official data showed Friday.Core inflation, excluding volatile fresh food prices, beat market expectations for zero growth but was still well short of the Bank of Japan's 2.0 percent target.Lower fuel prices and other energy costs helped curb inflation, data from the internal affairs ministry showed. Analysts say the central bank ...
Euro holds on to gains in wait for Greek debt deal TOKYO: The euro held on to gains on Thursday as market players waited for fresh news from marathon talks over a bailout deal for Greece.The single European currency fetched $1.1200 and 138.81 yen in Tokyo, marginally down from $1.1208 and 138.86 yen in New York but still up from $1.1184 and 138.73 yen in Asian trade on Wednesday.The dollar was changing hands at 123.94 yen against 123.89 yen in US trade."There's a sense Greek negotiations ...
Euro sags as focus returns to US rates TOKYO: The euro sagged on Wednesday as investors' confidence on a Greek debt deal allowed focus to shift to the prospects of higher US interest rates ahead.The single European currency bought $1.1163 and 138.32 yen in Tokyo, little changed from $1.1168 and 138.36 yen in New York, but considerably lower than $1.1393 and 139.95 yen in Asian trade on Tuesday.The dollar was at 123.90 yen against 123.89 yen."Markets are pretty content with the idea that ...
China's yuan flat, short-term stability seen SHANGHAI: China's yuan was flat against the dollar on Tuesday, moving in a narrow range after the central bank set the daily guidance rate little changed.The People's Bank of China (PBOC) set the midpoint rate at 6.1119 per dollar prior to market open, only 0.02 percent weaker than the previous fix at 6.1104.The spot market opened at 6.2075 per dollar and was changing hands at 6.2094 at midday, almost unchanged from the previous close.Traders said ...
Euro holds firm as investors wait for Greek deal TOKYO: The euro held firm on Tuesday, aided by speculation that debt-ridden Greece will reach a bailout deal and avoid defaulting.The common European currency was at $1.1335 and 139.95 yen in Tokyo against $1.1340 and 139.92 yen in New York late Monday.The dollar rose to 123.51 yen from 123.38 yen in US trade.Optimism on Greece also sparked a rally in equities markets, with Tokyo's benchmark Nikkei index up 1.46 percent in mid-morning trade reaching its ...
Euro holds up despite Greek debt fears TOKYO: The euro held up Friday with investors weighing the impact of a possible Greek default after the latest talks to strike a bailout deal ended in failure.In Tokyo trading, the 19-nation currency bought $1.1346 against an intraday high of $1.1436 in New York, its highest in a month, a jump driven by incorrect reports that Greece had won a delay in its debt payments.The meeting in Luxembourg aimed at breaking the five-month-old standoff was ...


Index Closing Chg%
Arrow DJIA 17,751.39 0.69
Arrow Nasdaq 5,111.73 0.44
Arrow S&P 2,108.57 0.73
Arrow FTSE 6,631.00 1.16
Arrow DAX 11,211.85 0.34
Arrow CAC-40 5,017.44 0.81
Arrow Nikkei 20,302.91 0.13
Arrow H.Seng 24,619.45 0.47
Arrow Sensex 27,563.43 0.38

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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 $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln