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China's yuan edges down, heads for first weekly loss in a month HONG KONG: China's yuan edged down against the dollar on Friday after the central bank set a weaker midpoint and is heading for its first weekly loss in a month.The People's Bank of China set the midpoint rate at 6.1397 per dollar prior to market open, lower than the previous fix at 6.1375.The spot yuan opened at 6.2150 per dollar and was changing hands at 6.2171 at midday, 47 pips weaker than the previous close and 1.26 percent below the midpoint. It traded within a tight 6.2190 and 6.2130 range in morning trade.The spot rate is currently allowed to trade with a range 2 percent above or below the official fixing on any given day.A sudden turnaround in the dollar's fortunes overnight saw the currency trading broadly higher early in Asia on Friday, underpinned by a set of encouraging data on Thursday and a rise in US Treasury yields.Analysts remain ...

Yen retreats after weak Japan inflation data TOKYO: The yen slipped on Friday as weak Japanese inflation data stirred talk of fresh easing measures, bringing an end to a short rally that had been fuelled by fears over unrest in Yemen.In Tokyo the dollar rose to 119.29 yen from 119.18 yen in New York while the euro fetched 129.80 yen, against 129.71 yen.The common currency was also at $1.0882 against $1.0884.US traders on Thursday moved into the yen on news that jets ...
Sri Lankan rupee forwards rise on remittances COLOMBO: Sri Lankan rupee forwards edged up on Thursday, with one-week forwards rising for the first time in four weeks on dollar inflows from remittances, foreign bond buying and exporters sales, dealers said.Actively traded one-week forwards, which edged up for the first time since Feb. 27, ended 133.52/57 firmer from Wednesday's close of 133.60/75.Two-week rupee forwards ended steady at 133.70/75 per dollar compared with Wednesday's close."Dollar sales by banks for exporters and inward remittances strengthened ...
Dollar slips after weak US data TOKYO: The dollar fell on Thursday after poor US data hurt investor confidence in the world's top economy and threw into question the timeline for a long-awaited Federal Reserve interest rate hike.In Tokyo, the greenback changed hands at 119.30 yen, down from 119.43 yen in New York and 119.62 yen in Asia earlier Wednesday.The euro rose to $1.0975 from $1.0973 after an upbeat German business confidence report but it eased to 130.96 yen from 131.05 ...
Sri Lankan rupee forwards firmer on inward remittances COLOMBO: Sri Lankan rupee forwards ended firmer on Wednesday as dollar inflows from remittances outpaced importer demand for the greenback, dealers said.Actively traded two-week rupee forwards ended at 133.70/77 per dollar compared to Tuesday's close of 133.75/85."Dollar selling pressure is there as the seasonal remittances are picking up slowly," said a currency dealer on condition of anonymity.Sri Lanka sees a rise in inward remittances ahead of the Sinhala-Tamil new year on April 14 as expatriates ...
Dollar slips after US data-fuelled rally TOKYO: The dollar pulled back on Wednesday after rallying in US trade, where upbeat data boosted the case for an early Fed interest rate hike.In Tokyo, the greenback weakened to 119.62 yen, against 119.77 yen in New York.The euro inched up to $1.0926 from $1.0919 in US trade while edging down to 130.71 yen from 130.78 yen."Traders love a good pullback and as soon as the dollar looks like it's setting up to resume its ...
Dollar finds steadier footing, takes breather from selloff SYDNEY/SINGAPORE: The dollar hovered above a two-week low versus a basket of major currencies on Wednesday, pausing from the recent selloff sparked by doubts over how soon the Federal Reserve may start raising interest rates.Investors had rushed to cut long dollar positions after the Federal Reserve took a dovish tone on interest rates last week, sending the greenback crashing back from multi-year highs.The dollar index last stood at 97.152. On Tuesday it had set a ...


Index Closing Chg%
Arrow DJIA 18,070.40 1.26
Arrow Nasdaq 5,016.93 0.23
Arrow S&P 2,114.49 0.29
Arrow FTSE 6,985.95 0.36
Arrow DAX 11,619.85 1.44
Arrow CAC-40 5,081.97 0.70
Arrow Nikkei 19,531.63 0.06
Arrow H.Seng 28,133.82 0.03
Arrow Sensex 27,490.59 1.77

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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 $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyMay 04, 2015
Reserves $17.491 bln