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Yuan edges higher on signs of continued official support SHANGHAI: The yuan firmed on Wednesday amid signs of official support as the central bank set its daily guidance rate at a four-month high, and state-owned banks continued selling dollars, traders said.The People's Bank of China (PBOC) set the daly midpoint rate at 6.1169 per dollar prior to market open, its peak since Dec. 17, 2014, and 0.07 percent firmer than the previous fix 6.1209.The spot market opened at 6.2041 yuan per dollar and was changing hands at 6.2047 at midday, 0.02 percent stronger from the previous close.Officials including Premier Li Keqiang and PBOC Governor Zhou Xiaochuan have pledged to keep the yuan stable despite pressure to depreciate coming from a sharp slowdown in the Chinese economy and broad dollar strength in global markets.Traders suspected the hidden hand of the PBOC was behind state banks' dollar sales that have helped bolster the yuan since mid-March."We see the trend continuing in ...

US dollar down ahead of Fed policy decision SINGAPORE: The dollar softened in Asia Wednesday on expectations that the US Federal Reserve will delay an interest rate hike following fresh data pointing to slowing growth in the world's biggest economy, analysts said. The greenback fell to 118.83 yen in mid-morning trade from 118.88 yen in New York and sharply lower than the 119.10 yen earlier Tuesday in Asia.And while the euro edged down to $1.0969 and $130.33 from $1.0981 and 130.55 yen in ...
Sri Lankan rupee forwards slip on importer dollar demand COLOMBO: Sri Lankan rupee forwards slipped on Tuesday as importer dollar demand outpaced early selling of the greenback by banks, while dealers expect the local currency to remain under pressure due to lower interest rates.Actively traded one-month forwards ended at 134.80/135.00 per dollar, compared with Monday's close of 134.80/90."Importer demand came into the market. The depreciation pressure is rising day by day amid declining interest rates," said a currency dealer asking not to be named.Yields ...
Dollar struggles to make gains ahead of Fed policy meeting TOKYO: The dollar edged up Tuesday with investors focused on a Federal Reserve policy meeting as expectations for a June interest rate hike fade.In Tokyo, the greenback inched up to 119.10 yen, from 119.05 yen in New York.The euro lost some gains that were driven by upbeat remarks from Greek Prime Minister Alexis Tsipras that he was confident tough negotiations with his country's EU-IMF creditors would result in a deal by early May.Hopes for a ...
China's yuan unchanged against dollar, set to end week flat SHANGHAI: China's yuan was flat against the dollar on Friday as a wave of dollar demand by big state-owned Chinese banks and oil companies helped to offset a three-month high midpoint, traders said.The People's Bank of China (PBOC) set the midpoint rate at 6.1241 per dollar prior to market open, the yuan's strongest level since Jan. 20, or 0.07 percent firmer than the previous fix at 6.1281.Following the strong fix, the spot market opened at ...
Euro drifts lower on Greek default worries TOKYO: The euro drifted lower Wednesday on fears about a Greek debt default as mayors across the country lashed out at a government decree ordering them to hand over their cash reserves to help Athens pay its bills.In Tokyo, the single currency slipped to $1.0726 and 128.36 yen from $1.0735 and 128.42 yen in New York late Tuesday.Greek Prime Minister Alexis Tsipras will meet German Chancellor Angela Merkel Thursday on the sidelines of a European ...
China's yuan slips on weaker midpoint fixing HONG KONG: China's yuan fell against the dollar on Tuesday, after the central bank set a weaker official midpoint to reflect strength in the dollar index.The People's Bank of China set the midpoint rate at 6.128 per dollar prior to market open, weaker than the previous fix of 6.1255.The spot market opened at 6.2000 per dollar and was changing hands at 6.2022 near midday, 7 pips weaker than the previous close and 1.21 percent weaker ...

 



 
Index Closing Chg%
Arrow DJIA 17,730.11 0.16
Arrow Nasdaq 5,009.22 0.08
Arrow S&P 2,076.78 0.03
Arrow FTSE 6,630.47 0.33
Arrow DAX 11,099.35 0.73
Arrow CAC-40 4,835.56 0.98
Arrow Nikkei 20,522.50 0.95
Arrow H.Seng 26,282.32 0.12
Arrow Sensex 27,945.80 0.27





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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMay
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 01, 2015
Reserves $18.5 bln