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Surprise jump in Hong Kong yuan deposits unlikely to be repeated HONG KONG: After yuan deposits in Hong Kong saw lacklustre growth for most of 2014, November brought a surprising jump.During November - the last month for which data is available - the Hong Kong-Shanghai stock connector programme got under way, and China's central bank surprised markets with the country's first interest rate hike in more than two years.Even with those developments, deposits in the world's largest offshore yuan center had their biggest rise since January, thanks to Hong Kong's relaxation of a daily conversion limit and attractive yields bank offered depositors.However, analysts do not expect that pace of accumulation to continue, given that channels to allow foreign investors to invest in China are broadening, while cautious views on the Chinese currency will likely curb investors' interest to hold the yuan.Contrary to some expectations, the connector's launch did not cause a drop in Hong Kong's yuan deposits in November, though its ...

Malaysian ringgit recovers a bit, rest steady as oil slide pauses  SINGAPORE: The Malaysian ringgit pulled off 5-1/2-year lows against the dollar while other Asian currencies steadied on Thursday, as a pause in sliding global oil prices and better US jobs data put a floor under emerging markets and other riskier assets.The ringgit rallied 0.4 percent, moving further away from lows of 3.585 hit on Wednesday.Under intense selling pressure over the past few weeks from concerns about the impact of tumbling oil prices on Malaysia's trade ...
Euro gets deflation jitters, dollar climbs SYDNEY/TOKYO: The euro wobbled near a nine-year low on Thursday as investors wagered the European Central Bank would have to take bolder stimulus steps to combat growing deflationary pressures in the zone.The euro fell as far as $1.1802 the previous day, putting the 2005 trough of $1.1640 in reach of speculative sellers. It has since edged back to $1.1826 in Asia.The common currency initially dipped against the yen to a fresh two-month low of 140.58. ...
China's yuan slips after central bank fixes midpoint at 1-month low  HONG KONG: China's yuan weakened on Thursday after the central bank set the daily midpoint against the US dollar at its weakest level in more than a month.The People's Bank of China set the midpoint rate at 6.1302 per dollar prior to market open, weaker than the previous fix 6.1269 and at its weakest level since Dec. 8.The spot market opened at 6.2170 per dollar and was changing hands at 6.2190 in early morning trade, ...
Euro weakens in Asia on ECB stimulus expectations TOKYO: The euro slid in Asia Thursday as falling prices in the eurozone boosted the prospect of European Central Bank (ECB) stimulus, while the Fed appears on track to hike interest rates by mid-year.The single currency slipped to $1.1825 and 141.51 yen in Tokyo against $1.1842 and 141.70 yen in New York. The euro dropped to 1.1802 at one point on Wednesday, its lowest since January 2006. "The inflation data is taking a toll on ...
Sri Lanka rupee forwards weaker on importer dollar demand ahead of polls COLOMBO: Sri Lanka rupee forwards eased on Wednesday due to dollar demand from importers, while exporters stayed on the sidelines a day ahead of a presidential election which is expected to be tight, dealers said.Four-day forwards, which were actively traded, ended at 132.75/85 per dollar compared with Tuesday's close of 132.45/50, dealers said."There was importer dollar demand and the weak rupee is a clear reflection of global currencies," a dealer said adding that the market ...
Euro struggles in Asia on Greek eurozone exit fears TOKYO: The euro edged up from a nine-year low against the dollar on Wednesday in Asia, but it remained under pressure owing to fears of a possible Greek exit from the eurozone.The single currency fell to $1.1839 in early Tokyo trade -- its lowest level since February 2006 -- before recovering to $1.1875. It ended at $1.1892 in New York on Tuesday. The euro jumped to 141.38 yen from 140.93 yen, while the dollar rose ...


Index Closing Chg%
Arrow DJIA 17,652.60 0.79
Arrow Nasdaq 4,757.88 0.16
Arrow S&P 2,051.82 0.55
Arrow FTSE 6,832.83 0.53
Arrow DAX 10,649.58 2.05
Arrow CAC-40 4,640.69 1.93
Arrow Nikkei 17,511.75 1.05
Arrow H.Seng 24,850.45 1.34
Arrow Sensex 29,278.84 0.94

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 22, 2015
Reserves $10.331 bln