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Sterling drops to three-week low vs dollar on growth, trade worries LONDON: Sterling fell on Thursday after data confirmed the British economy grew 0.3 percent in the first quarter compared with the quarter before, disappointing many who had expected a bigger gain.The pound has been holding firm in the three weeks since Britain's Conservatives won a surprise election victory, and for now seems subject to external factors like the dollar's year-long rally and problems in the euro zone.But there were worrying signs for some investors in the data. A sharp rise in imports worsened the net trade position for the United Kingdom, which already runs a large current account shortfall."Like us, the Monetary Policy Committee expected to see the initial estimate of first-quarter growth to be revised up, but the weakness in net trade was a notable headwind," said Sam Hill, senior economist at RBC Capital."On the export side, this may be due to the reversal of a very strong performance ...

Growth, trade worries prod sterling lower LONDON: Sterling fell on Thursday after data confirmed that the British economy grew at 0.3 percent in the first quarter compared with the previous three months, disappointing those who had expected a higher reading.The pound has bounced around in the three weeks since Conservative Prime Minister David Cameron won a shock outright election victory and for now seems subject chiefly to external factors like the future of the dollar's year-long global rally.But there were worrying ...
Dollar hits 12-1/2-year high vs yen; euro rises on Greece hopes LONDON: The dollar hit a 12-1/2-year high against the yen on Thursday, as investors bet that U.S. interest rates will rise later this year while monetary policy will remain ultra-loose in Japan.The greenback soared as high as 124.30 yen, as a rise in Tokyo stocks also helped to boost risk appetite and hurt the safe-haven yen, which has been under pressure from the Bank of Japan's aggressive monetary stimulus since 2013.Against the euro, the dollar ...
Rouble falls further as weaker oil price and stronger dollar weigh MOSCOW: Russia's rouble fell on Wednesday as markets factored in falling oil prices and a stronger dollar, while support waned from firms converting foreign currency to pay their tax bills at the end of the month. At 1615 GMT, the rouble was 1.7 percent weaker against the dollar at 51.80 and down 1.7 percent to 56.36 versus the euro.InstaForex analyst Anton Fomin said in a note that the external backdrop was negative: oil benchmark Brent ...
Sterling slips from 2-1/2 month high vs euro, eyes on Queen's Speech LONDON: Sterling eased from a recent 2-1/2 month high against the euro on Wednesday, with investors awaiting the Queen's Speech which will outline the government plans for a referendum on European Union membership.Queen Elizabeth will detail the plans in a speech written for her by Prime Minister David Cameron's government as she opens parliament with an annual display of pomp. Among other measures expected are possible cuts to taxes and welfare spending, issues flagged during ...
Sterling near 2-1/2 month high against struggling euro LONDON: Sterling rose to a 2-1/2 month high against a struggling euro on Tuesday, with the single currency weighed down by Greece's debt problems and interest rate differentials moving in favour of the British pound.Yields on safe-haven German Bunds, the euro zone benchmark, dropped as jitters from the peripheral bond markets made investors nervous and pushed them towards safety. The yield gap between the 10-year UK Gilt and the German Bund widened to 135 basis ...
Swiss franc rallies against struggling euro on Greek debt woes LONDON: The Swiss franc rose to its highest in nearly three weeks against the euro on Tuesday, as worries about Greece's debt problems drove investors to seek safe-haven assets.The euro shed 0.5 percent to trade at 1.0324 francs , its lowest since May 7, as peripheral euro zone bonds came under fresh selling pressure while core government bonds rallied. The flight to safety saw Switzerland's 10-year bond yields drop into negative territory for the first ...

 



 
IndexClosingChg%
ArrowDJIA 18,126.12 0.20
ArrowNasdaq 5,097.98 0.17
ArrowS&P 2,120.79 0.13
ArrowFTSE 7,040.92 1.11
ArrowDAX 11,677.57 0.79
ArrowCAC-40 5,137.83 0.86
ArrowNikkei 20,551.46 0.39
ArrowH.Seng 27,454.31 2.23
ArrowSensex 27,506.71 0.21





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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%
MonthlyApril
Trade Balance $-1.795 bln
Exports $1.995 bln
Imports $3.790 bln
WeeklyMay 28, 2015
Reserves $17.494 bln