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Sterling dips on oil move, PM Cameron speaks on Europe LONDON: Sterling fell on Friday, a softer consumer sentiment survey adding to negative news on the economy as a speech by Prime Minister David Cameron underlined Britain's increasingly conflicted attitude to Europe. The pound, pushed down along with other major currencies against the greenback by an almost 7 percent slump in oil prices over the past day, fell another third of a percent to $1.5690. Amid a rise in bets on more volatility into next week's European Central Bank meeting, the pound was also down 0.4 percent at 79.74 pence per euro. Lower fuel costs should mean that inflation, already declining across Europe, will fall further, encouraging bets that the Bank of England will hold off on raising interest rates for longer - possibly even into 2016, some analysts now say.The GFK indicator of consumer morale held steady at -2 for a second month running in November but was a ...

Dollar benefits from OPEC decision as oil currencies slide LONDON: The dollar strengthened on Friday after OPEC decided not to cut oil output, slamming commodity currencies like the Norwegian crown, which fell to five-year lows against the greenback and euro. The euro slipped before data due at 1000 GMT, which is expected to show euro zone prices rose just 0.3 percent in November. That is deep in the European Central Bank's "danger zone" for inflation of below 1 percent and even further away from ...
Sterling dips on oil move, PM Cameron speaks on Europe LONDON: Sterling fell against a broadly stronger dollar on Friday, a softer consumer sentiment survey adding to the flow of negative news on the British economy as Prime Minister David Cameron made a long-awaited speech on Europe. The pound, pushed down along with other major currencies against the greenback by an almost 7 percent slump in oil prices over the past day, fell another third of a percent to $1.5690 . It was also 0.2 ...
Polish bonds retreat on GDP, energy stocks fall BUDAPEST/WARSAW: Polish government bond prices gave up ground on Friday after economic output data dampened expectations that the central bank will cut interest rates next week.The Polish central bank will discuss rates on Dec. 3 after surprising markets this month by keeping its 2 percent main rate on hold instead of continuing to cut it.Central banks in Poland, Romania and Serbia have all trimmed rates further in the past months to fight an economic slowdown, ...
France to sell 3-4bn euros of bonds at Thursday auction PARIS: France will sell 3-4 billion euros of long-term, fixed-rate bonds at an auction next Thursday, the Agence France Tresor public debt management agency said on Friday.AFT said the three lines on offer were its OAT bond maturing May 2023, its October 2025 OAT and its October 2027 bond.Copyright Reuters, 2014 ...
Rouble sinks to all-time low at opening, RTS hits lowest in 2014 MOSCOW: The rouble dropped sharply at market opening on Friday after OPEC decided to leave output unchanged, and the weaker currency dragged the RTS share index to a year low of below 970 points.At 0709 GMT, the rouble was around 1.9 percent weaker than the previous close at 49.56 roubles per dollar and 1.4 percent weaker against the euro at 61.76. The dollar-denominated RTS index was 3.2 percent lower at 974 points, while the rouble ...
Russian ruble falls sharply on OPEC oil decision MOSCOW: Russia's ruble lost more than two percent against the dollar in response to the OPEC oil cartel's decision to leave its collective output ceiling unchanged.The Russian currency was trading around 48 rubles to the greenback at 1550 GMT -- nearly 2.5 percent lower that the level at which it stood before the announcement in Vienna about 90 minutes earlier.The ruble also shed 2.1 percent against the euro and was trading around the 59.80 mark ...

 



 
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Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln