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Australia & NZ shares slip as commodity prices fall, China data awaited SYDNEY/WELLINGTON: Australian and New Zealand shares slipped on Wednesday with weaker iron ore, copper and oil prices dragging down Australia's heavyweight resources sector amid concerns about global demand.The S&P/ASX 200 index fell 29.9 points to 5,490 by 01:20 GMT, pulling away from a two-month peak set on Monday. Energy and basic materials suffered the most with 1 percent losses, while miners added to the pain. Spot iron ore prices dropped to their weakest level since 2009 on Tuesday as a supply glut keeps pressure on the commodity, which has fallen 42 percent this year.Bluechips BHP Billiton Ltd and Rio Tinto gave up around 1 percent, while BC Iron tumbled nearly 7 percent to hit five-year lows at $0.900. Financial sector stocks also weighed, even though Commonwealth Bank of Australia (CBA) posted a near 10 percent rise in first-quarter cash profits.Three of Australia's major four banks, including CBA, have posted record ...

NZ dollar bounces on upbeat jobs news, A$ gains on yen SYDNEY/WELLINGTON: The New Zealand dollar rallied for a second session on Wednesday as domestic jobs data showed an upbeat mix of falling unemployment and benign wage growth, while its Australian counterpart was underpinned by demand versus the yen. The kiwi jumped nearly a full US cent to a high of $0.7842 after New Zealand's jobless rate dropped to a 5-1/2-year low as employment growth proved rapid enough to outpace the strongest population rise in a ...
Dollar underpinned by GDP, BOJ next in focus SYDNEY: The dollar held at four-week highs against a basket of major currencies early on Friday, getting another boost from encouraging growth data a day after the Federal Reserve gave an upbeat assessment on the economy.The dollar index climbed as far as 86.491 - a high last seen on Oct. 6 - after US gross domestic product grew at an annual pace of 3.5 percent in the third quarter, beating forecasts for 3.0 percent. The ...
New Zealand dollar falls sharply after RBNZ statement SYDNEY: The New Zealand dollar fell sharply on Thursday after the country's central bank was seen as sounding a bit more dovish following a widely expected decision to leave interest rates unchanged.The kiwi, already under pressure against a firmer US dollar, dropped to a session low around $0.7766 from $0.7820. It last traded at $0.7782.Catching the market's attention was the fact that the Reserve Bank of New Zealand (RBNZ) did not repeat the phrase that ...
NZ dollar hit by dovish-sounding RBNZ, Aussie also pressured WELLINGTON/SYDNEY: The New Zealand dollar suffered a double whammy on Thursday, as the Reserve Bank of New Zealand softened its stance on future interest rate increases while expectations that US interest rates may rise next year bolstered the greenback.The kiwi fell around half a US cent to a session low of $0.7769 on the RBNZ's rate outlook, which piled on more pressure after the Fed statement had already knocked the currency off a session high ...
Australia shares rise, NZ stocks hit record high on upbeat outlook SYDNEY/WELLINGTON: Australian and New Zealand shares rose around 0.3 percent on Thursday, underpinned by financials and consumer stocks, as investors shrugged off the U.S. Federal Reserve's widely expected ending of its stimulus programme.The S&P/ASX 200 index was up 19.82 points or 0.3 percent by 02:13 GMT, having touched a seven-week high of 5,481.6 points Wednesday.The Fed said after a two-day policy meeting it will end its quantitative easing programme of bond purchases and also expressed ...
US dollar wary ahead of Fed, Swedish crown bruised after rate cut SYDNEY: The US dollar was subdued early on Wednesday as investors waited for the latest guidance from the Federal Reserve, while a surprisingly dovish message from Sweden's central bank saw the crown slump to four-year lows.The Riksbank cut interest rates more than expected to zero and said it would delay tightening policy until the middle of 2016 as it moved decisively to tackle the risk of deflation.Both the euro and dollar jumped to four-year highs ...

 



 
Index Closing Chg%
Arrow DJIA 18,214.42 0.06
Arrow Nasdaq 4,987.89 0.42
Arrow S&P 2,110.74 0.15
Arrow FTSE 6,949.73 0.21
Arrow DAX 11,327.19 1.04
Arrow CAC-40 4,910.62 0.58
Arrow Nikkei 18,785.79 1.08
Arrow H.Seng 24,902.06 0.50
Arrow Sensex 28,746.65 0.90







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