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Euro hits new 11-year low on dollar before ECB meets TOKYO: The euro hit a new 11-year low on the dollar Thursday as investors waited for the European Central Bank (ECB) to announce details of its bond-purchase programme.The single currency bought $1.1055 in Tokyo against $1.1080 late Wednesday in New York, its lowest level since September 2003.With the ECB's decision-making council meeting on Thursday, President Mario Draghi is set to unveil details of the bank's 1.1 trillion euro quantitative-easing plan, due to be launched this month to ward off deflation.The ECB's stance is in stark contrast to the Federal Reserve's plan to exit crisis support, having ended its asset-purchasing plan in October. It is now planning to raise interest rates this year.The dollar was at 119.85 yen against 119.70 yen in New York late Wednesday."Clearly there looks to be an element of currency-market positioning ahead of the ECB decision," Philip Borkin, a senior economist at ANZ Bank New Zealand wrote ...

Indonesia central bank governor says no worries over weakening rupiah JAKARTA: Indonesia's central bank governor said on Thursday that the rupiah is in good condition and Bank Indonesia is not worried about its decline, as the currency weakened past a psychological support level at 13,000 per dollar."The rupiah is in good condition and we are always in the market to reduce volatility," Bank Indonesia Governor Agus Martowardojo told reporters."In general, there's no need to worry," he added.Earlier on Thursday, the central bank's deputy governor Mirza ...
Yuan firms, but overall trend seen weak HONG KONG: China's yuan edged higher for a second consecutive day on Thursday, as some investors judged the currency's fall to a two-year low earlier this week as excessive.But gains in the Chinese currency are likely to remain limited as China's economic growth slows this year.China announced an economic growth target for this year of around 7 percent, signalling its lowest rate of expansion for a quarter of a century, and said it would increase ...
Euro hovers near 11-year lows on dollar before ECB meets TOKYO: The euro remained under pressure Thursday after falling to an 11-year low against the dollar as investors waited for the European Central Bank (ECB) to announce details of its bond-purchase programme.The single currency bought $1.1075 in Tokyo against $1.1080 late Wednesday in New York where it briefly fell to $1.1062, its lowest level since September 2003.With the ECB's decision-making council meeting on Thursday, President Mario Draghi is set to unveil details of its 1.1 ...
Sri Lankan rupee ends steady, IMF says limit intervention in FX COLOMBO: The Sri Lankan rupee ended steady on Wednesday due to sustained moral suasion by the central bank, even as the International Monetary Fund asked the island nation to show more flexibility on exchange rates. "Intervention should be limited to dealing with excessive short-term volatility. The exchange rate does not appear out of line with fundamentals, particularly given the projected improvement in the balance of payment," said Todd Schneider, the mission head of the IMF's ...
Dollar eases ahead of key US data TOKYO: The dollar eased against the yen on Wednesday as investors await a key US jobs report later this week.In Tokyo, the greenback slipped to 119.68 yen from 119.74 yen in New York, coming off levels above 120 yen earlier Tuesday. The euro was at $1.1166 from $1.1178 in US trade.Traders see the dollar as "top heavy" around 120 yen, a bank dealer told Jiji Press news agency, while another currency dealer said it was ...
Sri Lankan rupee steady in dull trade; rate direction awaited COLOMBO: Sri Lankan rupee traded steady on Tuesday in dull trade as investors waited for direction on interest rates from a weekly t-bill auction after the central bank removed a lower repo penalty rate of 5 percent, dealers said.Actively-traded one-week forwards were steady at 133.60/75 per dollar."Everybody is awaiting the results of today's t-bill auction," a currency dealer said on condition of anonymity. The central bank with effect from Monday removed the lower repo penalty ...

 



 
Index Closing Chg%
Arrow DJIA 17,678.23 0.23
Arrow Nasdaq 4,863.36 0.27
Arrow S&P 2,056.15 0.24
Arrow FTSE 6,895.33 1.37
Arrow DAX 11,843.66 0.18
Arrow CAC-40 5,006.35 0.29
Arrow Nikkei 19,471.12 1.39
Arrow H.Seng 24,497.08 0.13
Arrow Sensex 27,457.58 2.33





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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJanuary
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln