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China yuan falls in global payment rankings: SWIFT SHANGHAI: China's yuan has dropped to seventh place among the world's payments currencies, global transactions organisation SWIFT said Monday, even as Beijing tries to push greater international use of the unit.The yuan -- also known as the renminbi -- held a 1.81 percent share in world payments based on value in February, SWIFT said in a statement on Monday, down from 2.06 percent in January, when it stood in fifth place.The Swiss franc and the Canadian dollar overtook the Chinese currency last month, SWIFT data showed.It attributed the weaker showing to the "seasonal effect" of the Chinese New Year, when business slows because of a week-long holiday.But the demotion also comes amid mounting worries over China's slowing economy, though officials have denied strong capital outflows.China keeps a tight grip on the value of the yuan out of concerns that unpredictable currency inflows and outflows could harm the economy and weaken ...

Sri Lankan rupee forwards slip on importer dollar demand COLOMBO: Sri Lankan rupee forwards were a tad weaker on Monday as importer dollar demand outpaced inflows from remittances and exporter sales, dealers said.Actively traded one-week forwards were at 133.55/60 per dollar, sliding from Friday's close of 133.52/57, while two-week rupee forwards were at 133.67/75, down from the previous close of 133.60/70."There is importer dollar demand. The central bank has not intervened in the (rupee) forwards market and remittances helped to ease the pressure," a ...
Patient Yellen fails to lift Asia FX; ringgit, Singapore dollar week lows SINGAPORE: Most emerging Asian currencies slid on Monday amid expectations that the US Federal Reserve will start raising interest rates later this year, even though its chief reiterated that it may not rush to tighten monetary policy.The Malaysian ringgit hit a one-week low as sliding oil prices renewed concerns that lower crude may hurt the country's current and fiscal accounts. The Singapore dollar also touched a one-week low as hedge funds unloaded it.The US dollar ...
South Korean won on edge as yield premium falls, dividend outflow rises SEOUL: South Korea's won could be Asia's surprise first casualty in any hint of an early rise in U.S. interest rates as its yield advantage over the dollar has plunged, while dividend payouts to investors overseas are poised to surge.The U.S. dollar's value has headed upward as the Federal Reserve gets closer to begin raising its policy interest rate, whereas South Korea's central bank is under mounting pressure to cut its rate even further.The yield ...
Dollar supported even as Yellen drives home message of patience SYDNEY/SINGAPORE: The dollar inched higher versus the yen and euro on Monday after the head of the U.S. Federal Reserve underscored the view that the Fed is likely to start raising interest rates gradually later this year.The dollar edged up 0.1 percent to 119.24 yen. It has fallen more than 2 percent from a near eight-year peak of 122.04 set early this month.The euro slipped 0.2 percent to $1.0873, having in the last two weeks ...
China's yuan firms despite weaker midpoint fixing HONG KONG: China's yuan firmed against the dollar on Monday despite a slightly weaker midpoint set by the central bank.The People's Bank of China set the midpoint rate at 6.1402 per dollar prior to market open, weaker than the previous fix 6.1397.The spot market opened at 6.2130 per dollar and was changing hands at 6.2119 near midday, 48 pips stronger than the previous close and 1.17 percent weaker than the midpoint.The spot rate is currently ...
Yen resumes Yemen crisis rally TOKYO: The yen resumed its rally on Friday after getting a boost in US trade over fears that the Yemen crisis will explode into a wider Middle East conflict.While the Japanese currency weakened in morning Tokyo trade, it picked up in the afternoon with the dollar sitting at 119.15 yen, down from 119.18 yen in New York.The euro also slipped to 129.61 yen, from 129.71 yen, and $1.0880, slightly off from $1.0884.US traders on Thursday ...


Index Closing Chg%
Arrow DJIA 17,698.18 0.44
Arrow Nasdaq 4,880.23 0.42
Arrow S&P 2,059.69 0.40
Arrow FTSE 6,809.50 0.54
Arrow DAX 12,001.38 0.2
Arrow CAC-40 5,062.22 0.57
Arrow Nikkei 19,034.84 0.90
Arrow H.Seng 25,082.75 0.73
Arrow Sensex 28,260.14 1.08

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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 20, 2015
Reserves $16.132 bln