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Euro holds up on relief over Greek bank funding TOKYO: The euro held up against the dollar in Asia on Friday after rallying on assurances Greek banks will get emergency funding.The single currency bought $1.1469 in Tokyo afternoon trade against $1.1475 in New York Thursday afternoon, while edging down to 134.57 yen from 134.89 yen."The euro has reversed Thursday's Asian slump that saw a low of 1.1305... as the (dollar) eases moderately across the board," National Australia Bank said in a note.The dollar slipped to 117.33 yen from 117.55 yen in US trade Thursday.The euro plunged on Wednesday after the European Central Bank said it would no longer allow Greek banks to use government debt as collateral for loans.However, it said Thursday lenders could still tap its emergency liquidity assistance programme, helping quell fears of an immediate banking crisis.The access should help protect them against a possible run by depositors while Athens seeks to renegotiate its international bailout with ...

China money mixed in week, swaps show deposit rate cut betting SHANGHAI: China's money rates were mixed this week as seasonal demand, including calls ahead of a long holiday period, was largely offset after the central bank made a system-wide cut to banks' reserve requirement ratios (RRR) and conducted other cash injections.A fall in benchmark Chinese interest rate swaps (IRS) after the RRR cut suggests markets are betting that the central bank will cut the official deposit rate again to support economic growth, traders said."While the ...
Euro pauses after short-covering bounce TOKYO/SINGAPORE: The euro eased versus the dollar on Friday, with the near-term focus on whether US jobs data later in the day will bolster the case for the Federal Reserve to consider raising interest rates around mid-year.The euro eased 0.1 percent to $1.1469, after having surged 1.2 percent the previous day in a short covering rally.The euro's rise on Thursday was helped by reports that the European Central Bank had agreed to allow Greece's national ...
Euro holds up on relief over Greek bank funding TOKYO: The euro held up against the dollar in Asia on Friday after rallying on assurances Greek banks will get emergency funding.The common European currency bought $1.1465 in Tokyo trade against $1.1475 in New York Thursday afternoon, while edging down to 134.59 yen from 134.89 yen."The euro has reversed Thursday's Asian slump that saw a low of 1.1305... as the USD eases moderately across the board," National Australia Bank said in a note.The dollar slipped ...
Sri Lanka rupee forwards end weaker; seen falling COLOMBO: Sri Lankan rupee forwards closed weaker on Thursday as policy uncertainty weighed on the currency, discouraging exporter selling of dollars amid importer demand, dealers said.One-month forwards ended at 133.80/95 per dollar compared with Monday's close of 133.67/70. Markets were closed for local holidays on Tuesday and Wednesday.Currency dealers said the rupee may depreciate because of an expected increase in consumption after a raft of tax reductions on key commodities in last week's supplementary budget.Fears ...
China's yuan weakens, PBOC reserve cut highlights outflow risks HONG KONG: China's yuan weakened on Thursday after the central bank cut banks' reserve requirement ratio for the first time in over two years to combat an economic slowdown and looming deflation. The cut also highlights a pick-up in capital outflows in recent months, which have removed a key support for the currency. The latest data showed a $91 billion deficit under the capital account in the fourth quarter.As capital outflows have gained momentum, the ...
China's easing, concerns on Greece pull Asia FX lower SINGAPORE: Most emerging Asian currencies softened on Thursday after China's central bank cut the reserve requirement ratio, the latest key easing move in the region to support growth and combat deflationary pressure.Regional currencies came under further pressure as risk sentiment soured after the European Central Bank said it would no longer accept Greek bonds as collateral for its liquidity operation, dampening hopes for a resolution of Greece's debt woes.The Chinese yuan slid after the central ...

 



 
Index Closing Chg%
Arrow DJIA 18,132.70 0.45
Arrow Nasdaq 4,963.53 0.49
Arrow S&P 2,104.50 0.30
Arrow FTSE 6,946.66 0.04
Arrow DAX 11,401.66 0.66
Arrow CAC-40 4,951.48 0.83
Arrow Nikkei 18,797.94 0.06
Arrow H.Seng 24,823.29 0.32
Arrow Sensex 29,220.12 1.65







ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyDecember
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln