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Sterling climbs after UK data points to robust investment, exports LONDON: Sterling inched up against the dollar on Friday, recovering from the previous day's 1 1/2-month lows after data showed UK growth was underpinned by robust exports and business investments in the second quarter. Sterling hit a high of $1.5427, up 0.2 percent, after the data, from $1.5400 beforehand. It had fallen to $1.5370 on Thursday after data showed the United States expanded much faster in the second quarter than previously estimated, boosting a view that US interest rates could rise this year. The pound trimmed gains against the euro to trade at 73.22 pence per euro, having traded at 73.33 beforehand. The Office for National Statistics said UK gross domestic product rose by 0.7 percent in the second quarter of this year, confirming a preliminary reading, as expected. Business investment rose 2.9 percent on the quarter, the highest in a year while net trade boosted gross domestic product by ...

Dollar index slips, investors await guidance from Fed LONDON: The dollar eased against a basket of major currencies for the first time in four days on Friday, with investors awaiting fresh comment from the US Federal Reserve on interest rates after a tumultuous week in global financial markets. The dollar had bounced back from seven-month lows struck on Monday as a semblance of calm returned to markets, with the greenback also benefiting from upbeat US data. The dollar index was down 0.1 percent ...
Currencies weaken on China worries, stocks calm down BUDAPEST: Central European currencies slipped on Wednesday as worries persisted that China's economic slowdown would lead to further declines in the price of emerging market assets.Stocks were little changed after seeing their biggest swings for years earlier this week.Among currencies, the Polish zloty shed 0.1 percent against the euro by 0825 GMT. The Czech crown, the forint and the leu fell 0.2 percent."The forint has weathered both the Greek crisis and the Chinese worries quite ...
Dollar gains as stocks recover, lessens safe-haven bid for yen LONDON: The dollar rose on Wednesday as some calm returned to currency markets with Wall Street stock futures pointing to a firm start and European shares recouping some of their losses, all of which lessened the need to buy safe-haven currencies like the yen. China's central bank ramped up its efforts to shore up sentiment, pumping $21.8 billion into the money market, a day after it cut interest rates and relaxed reserve requirements for some ...
Czech crown drops 0.2pc on day, weakest since end-July PRAGUE: The Czech crown eased 0.2 percent on Tuesday to 27.115 per euro, its weakest level since the end of July, Reuters data showed. "The region went wild a bit yesterday and it is levelling up today," a trader in Prague said. "The difference (between crown and regional peers) is not that dramatic. It is a bit nervous situation, China moves rates and it is so closely watched that everything moves." Copyright Reuters, 2015 ...
Russian ruble falls to 2015 low as stocks plunge MOSCOW: Russia's battered ruble sank Monday to its lowest point this year as Asian and European stock markets nosedived on concerns over the Chinese economy.Moscow's dollar-denominated RTS stock index had tumbled 4.94 percent by the close of trading as the euro passed the symbolic 80-ruble mark for the first time since December, standing at 81.16 rubles by 1725 GMT.The Russian currency also fell against the dollar, dropping to 70.10 rubles.The ruble-denominated Micex closed down 1.78 ...
Sterling slumps vs euro as global stock rout dents BoE view LONDON: Sterling hit a one-month low against a basket of currencies on Monday and suffered its most volatile day against the euro for six years after a plunge in global stocks cooled expectations that the Bank of England will lift interest rates any time soon. An 8.5-percent slide in Chinese shares sparked a global sell-off, with the Dow Jones Industrials plunging as much as 1,000 points and Britain's FTSE 100 down as much as 6 ...


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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln