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Sterling firms as early results go against Scottish independence TOKYO: Sterling rose to a two-week high against the US dollar and two-year peak against the euro on Friday, taking comfort from early results of a Scottish referendum that indicated a break-up of the United Kingdom will be averted. The results from several small boroughs showed a solid lead for the "No" camp to independence. Earlier, a YouGov survey showed support for Scottish independence amounted to 46 percent of the electorate with 54 percent wanting to stay in the United Kingdom. "The YouGov survey seems to have a fairly big sample size so I suspect it will be not that off the official result," said a trader at a Japanese bank.The pound jumped almost 0.8 percent to $1.6525, its highest since Sept. 2, and last stood at $1.6508, extending its bounce from a 10-month low of $1.6052 hit on Sept. 10. Against the euro, it hit a two-year high of ...

China's yuan rises on midpoint, seen moving between 6.13-15 in near term SHANGHAI: China's yuan firmed against the dollar on Friday after the central bank set a marginally stronger midpoint, leaving the currency little changed on the week.Traders said they suspected the central bank had moved to support the yuan this week as the currency appeared under pressure of depreciation because of the dollar's strength in global markets, China's slowing economic growth and signs of capital outflows from the country.Spot yuan stood at 6.1381 per dollar by ...
Sri Lanka rupee ends steady amid importer dlr demand; central bank caps fall COLOMBO: The Sri Lankan rupee closed steady on Thursday despite sustained importer dollar demand as moral suasion by the central bank averted a further decline, forcing banks to trade in currency forwards, dealers said.Dealers said moral suasion by the central bank prevented trades above 130.28 while one of the two state banks through which the central bank usually intervenes in the foreign exchange market sold dollars at 130.28 to select banks in early trade.The three-day ...
Indian rupee ducks Asia FX falls to end higher after Fed meet MUMBAI: The Indian rupee gained on Thursday tracking a rally in domestic shares on hopes the country would retain its appeal to foreign investors, despite uncertainty about the outlook for U.S. interest rates that hit other emerging markets.The U.S. Federal Reserve on Wednesday renewed its pledge to keep interest rates near zero for a "considerable time," but also indicated it could raise borrowing costs faster than expected when it starts moving.Although emerging Asian currencies were ...
China money market rates drop, traders suspect large cash injection SHANGHAI: China's money market rates fell on Thursday, with improving liquidity seen in the financial system after reports the central bank was injecting $81 billion into the country's top banks to shore up the economy. The People's Bank of China (PBOC) has not confirmed nor denied media reports on Wednesday it was pumping 100 billion yuan each into the top five banks via a short-term lending facility, known as a Standing Lending Facility (SLF), but ...
China's yuan falls on weaker midpoint, market confidence weakens SHANGHAI: China's yuan weakened against the dollar on Thursday after the central bank set a weaker official rate, with gloomy August property data further depressing market confidence, traders said.The People's Bank of China set the midpoint rate at 6.1490 per dollar prior to market open, down 0.07 percent from the previous fix. The spot rate is currently allowed to trade 2 percent above or below the midpoint.The spot market opened at 6.1439 per dollar, and ...
Asia FX rattled by Fed rates view; ringgit at 4 month low before rate meet SINGAPORE: Emerging Asian currencies dropped on Thursday as the US Federal Reserve's outlook for rising rates stoked concerns that regional assets may lose some of their high-yield appeal.The Malaysian ringgit fell to a near four-month low ahead of the central bank's monetary policy review later in the day. Economists were evenly split between Bank Negara raising interest rates again and holding steady.South Korea's won and the Philippine peso fell to their weakest level since April. ...

 



 
Index Closing Chg%
Arrow DJIA 16,804.71 1.40
Arrow Nasdaq 4,422.09 1.59
Arrow S&P 1,946.16 1.32
Arrow FTSE 6,557.52 0.98
Arrow DAX 9,382.03 0.97
Arrow CAC-40 4,365.27 1.15
Arrow Nikkei 16,082.25 0.56
Arrow H.Seng 22,932.98 1.28
Arrow Sensex 26,567.99 0.23





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklySeptember 25, 2014
Reserves $13.305 bln