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China's yuan slips on weaker midpoint fixing HONG KONG: China's yuan fell against the dollar on Tuesday, after the central bank set a weaker official midpoint to reflect strength in the dollar index.The People's Bank of China set the midpoint rate at 6.128 per dollar prior to market open, weaker than the previous fix of 6.1255.The spot market opened at 6.2000 per dollar and was changing hands at 6.2022 near midday, 7 pips weaker than the previous close and 1.21 percent weaker than the midpoint. It traded in a tight range between 6.2033 and 6.2000.The spot rate is allowed to trade with a range of 2 percent above or below the official fixing on any given day.The dollar held gains against its peers on Tuesday, drawing support as the euro slid overnight on increasing worries that Greece could default on its debt and eventually exit the single currency.The offshore yuan was trading 0.05 percent stronger than the ...

Indian rupee hits 3-1/2-month low; stocks slide on tax worries MUMBAI: The Indian rupee fell to a three and a half month low in early trade on Tuesday as concerns over retrospective taxation loomed among foreign investors, while weak Asian peers and broad dollar strength added to the pressure.Indian stocks also fell to their lowest in nearly four weeks.The partially convertible Indian rupee fell to 63.1550 per dollar, its lowest since Jan. 8 and compared to its previous close of 62.91/92 when it had fallen ...
Dollar ticks up despite US rate hike uncertainty TOKYO: The dollar ticked higher on Tuesday despite comments from a Federal Reserve official that cast doubt on a mid-year interest rate hike, while Greece's bailout woes held back the euro.In Tokyo, the greenback bought 119.45 yen, up from 119.22 yen in New York and sharply higher from 118.62 yen in Tokyo earlier Monday.The euro was mixed, slipping to $1.0724 from $1.0741 while it strengthened slightly to 128.07 yen against 128.05 yen in US trade.The ...
China's yuan firms on improved sentiment, set to rise 0.25pc for week SHANGHAI: China's yuan firmed against the dollar for the third straight session on Friday after the central bank fixed its daily guidance rate to more than two-month high, further strengthening views that the yuan will remain stable, traders said.For the week, the currency is set to rise 0.25 percent if it closes at the current level, reversing the previous week's loss of 0.2 percent.The People's Bank of China (PBOC) set the midpoint rate at 6.1267 ...
Dollar struggles as weak US data clouds rate-hike picture TOKYO: The dollar faced selling pressure Thursday as a batch of weak US data raised the possibility that the Federal Reserve will push back an interest rate hike beyond mid-year.In Tokyo, the greenback briefly slipped below the 119 yen level before recovering to 119.33 yen in afternoon trade, against 119.14 yen in New York. It was above 120 yen earlier this week.The euro lost early gains to trade at $1.0678 from $1.0684, while it rose ...
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 ...
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 ...


Index Closing Chg%
Arrow DJIA 18,010.68 0.64
Arrow Nasdaq 5,070.03 0.55
Arrow S&P 2,107.39 0.63
Arrow FTSE 6,984.43 0.80
Arrow DAX 11,413.82 2.26
Arrow CAC-40 5,007.89 2.53
Arrow Nikkei 20,563.15 0.06
Arrow H.Seng 27,424.19 0.11
Arrow Sensex 27,828.44 1.17

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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 $-1.795 bln
Exports $1.995 bln
Imports $3.790 bln
WeeklyMay 28, 2015
Reserves $17.494 bln