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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 government spending to support the slowing economy. China's economy grew 7.4 percent last year."There is some bottom fishing at these levels, but the overall trend remains weak," said a trader at a European bank in Hong Kong.The People's Bank of China set the midpoint rate at 6.1528 per dollar prior to market open, weaker than the previous fix 6.1525.The spot market was changing hands at 6.2671 at midday, a shade stronger than the previous close ...

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 ...
Dollar weak, but keeps two-year high against China yuan TOKYO: The dollar slipped Tuesday following mixed US data, but it was sitting near a two-year high against China's yuan after Beijing cut interest rates at the weekend for the second time in three months.In Tokyo, the dollar weakened to 119.58 yen, down from 120.17 yen in New York, while the euro rose to $1.1196 from $1.1182.The greenback was also at 6.2737 yuan, against 6.2850 in US trade, levels not seen since October 2012, and ...
Dollar weak, but keeps two-year high against China yuan TOKYO: The dollar slipped Tuesday following a mixed slate of US manufacturing data, but it was sitting at a two-year high against China's yuan after Beijing cut interest rates at the weekend for the second time in three months.In Tokyo, the dollar fetched 119.71 yen, down from 120.17 yen in New York, while the euro rose to $1.1197 from $1.1182.The greenback was also at 6.2748 yuan, against 6.2850 in US trade, levels not seen since ...

 



 
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