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Yen weak in Asia with focus on Japan GDP data TOKYO: The yen struggled in Asia on Friday as investors eye third-quarter Japanese growth figures next week while speculation speculation swirls of a delay to a controversial sales tax hike and a possible snap election next month.In Tokyo, the greenback hovered around seven-year highs at 116.04 yen, up from 115.75 yen on Thursday in New York, while the euro climbed to 144.53 yen from 144.42 yen.The European single currency weakened to $1.2454 against $1.2476.Forex markets were likely to tread water ahead of Monday's release of gross domestic product data for July-September, analysts said, after the previous three months saw a contraction. Another negative reading would put the economy in technical recession.Prime Minister Shinzo Abe is facing calls to put off the increase in sales tax, which is due in October, after a similar increase in April threw a nascent economic recovery into reverse. Reports have also said he is thinking ...

Sri Lanka rupee edges down despite dollar sales by banks COLOMBO: The Sri Lanka rupee ended slightly weaker on Thursday as importer dollar demand outpaced greenback sales by banks, despite the central bank's moral suasion to prevent a fall in the local currency, dealers said.The local currency is under pressure as imports continue to rise in a stable exchange rate regime and low interest-rate environment, said traders.The spot currency ended at 130.95/131.05 per dollar, weaker from Wednesday's close of 130.90/131.10. Dealers said banks traded the ...
Indian rupee see-saws; state-bank dollar buying, weak shares hurt MUMBAI: The Indian rupee continued its see-sawing trend and weakened marginally on Thursday as losses in domestic shares weighed despite the sharply lower-than-expected retail inflation print for October.India's economic outlook brightened on Wednesday with a surprise pick-up in industrial output and further cooling in consumer prices, data showed, boosting Prime Minister Narendra Modi's bid to end the longest slowdown in growth in decades.Dealers said state-run banks were spotted buying the greenback on a sustained basis ...
China's yuan nearly flat after APEC summit SHANGHAI: China's yuan barely moved against the dollar on Thursday as investors turn cautious after the conclusion of the APEC summit earlier this week, traders said.China typically keeps its currency steady or lets it appreciate moderately during major political events to deflect criticism that Beijing holds down the value of the yuan to bosst its export power.Spot yuan traded at 6.1270 per dollar by midday, almost unchanged from the close on Wednesday when it touched ...
Won eases as central bank chief remains concerned over weak yen SINGAPORE: South Korea's won slid on Thursday as the central bank chief repeated concerns over the impact on the local economy of the yen's weakness, given that the Japanese currency is sliding again.Earlier, the Bank of Korea unanimously voted to leave its policy interest rate unchanged at 2.00 percent, which helped the won recover losses.But the relief did not last long as the yen weakened amid the dollar's strength against major currencies, especially the Australian ...
Dollar resumes rise vs yen, intervention warning knocks Aussie TOKYO: The dollar edged back toward a seven-year high struck earlier this week against the yen, as speculation swirled that Japan's Prime Minister Shinzo Abe will call a snap election in December. The greenback was up 0.2 percent at 115.74 yen, nearing the seven-year high of 116.11 yen notched on Tuesday. Elsewhere in the market, the Australian dollar slid after a Reserve Bank of Australia official said the central bank had not ruled out intervening ...
Yen weak in Asia on Japan sales tax hike speculation TOKYO: The yen struggled in Asian trade Thursday amid speculation that Tokyo will delay a sales tax hike planned for next year, while the pound lost more ground after the Bank of England cut its growth and inflation forecasts.In Tokyo, the greenback rose to 115.69 yen, against 115.52 yen in New York, while the euro also climbed to 143.93 yen against 143.70 yen.The European single currency rose to $1.2443 against $1.2438.The yen has been under ...

 



 
Index Closing Chg%
Arrow DJIA 17,814.94 0.02
Arrow Nasdaq 4,758.25 0.07
Arrow S&P 2,067.03 0.12
Arrow FTSE 6,731.14 0.02
Arrow DAX 9,861.21 0.77
Arrow CAC-40 4,382.31 0.32
Arrow Nikkei 17,407.62 0.29
Arrow H.Seng 23,843.91 0.21
Arrow Sensex 28,338.05 0.57






Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln