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Rouble hits new low on Rosneft aid request, dollar shortage MOSCOW: The rouble hit a new record low against the dollar on Thursday, prompting over $2 billion in central bank interventions after Russia's top oil firm sought huge amounts of state cash and firms scrambled for dollars. At 1300 GMT, the rouble was 0.56 percent weaker at 41.65 against the dollar after earlier hitting 41.71 against the greenback for the first time.It was 0.67 lower at 52.74 versus the euro, earlier touching another all-time low against the single currency. Rosneft, Russia's top oil producer which has been hit by Western sanctions over the Ukraine crisis, has asked for more than $50 billion in state aid to help pay off its debt. The figure is more than the $40 billion or so the company had asked for in August. The cash support would come from the National Wealth Fund, one of Russia's two sovereign wealth funds. "The market's reaction is understandable ...

Retail shortfall prods sterling lower, gilts down LONDON: Sterling fell by around a third of a percent on Thursday after British retail sales dropped more than expected in September, another sign that one of the developed world's brighter economic recoveries is slowing. The impact was eased by subdued expectations for the data and by the prospect of a more upbeat first estimate of third-quarter economic growth on Friday. But the 0.3 percent decline on the month, largely ascribed to better weather that ...
Polish zloty hits 15-month low against the dollar WARSAW: Poland's zloty currency fell to its lowest in 15 months against the dollar on Thursday, with weak Polish retail sales data supporting the case for further rate cuts in central and eastern Europe's largest economy.Regional currencies were stable against the euro, which was supported by data showing euro zone business growth has picked up unexpectedly this month.The diverging expectations for monetary policy in the United States, which is expected to tighten somewhere in 2015, ...
Sterling falls after UK retail sales disappoint LONDON: Sterling fell by around a third of a percent on Thursday after British retail sales dropped more than expected in September, another sign that one of the developed world's brighter economic recoveries is slowing. The impact was eased by subdued expectations for the data and by the prospect of a more upbeat first estimate of third-quarter economic growth on Friday. But the 0.3 percent decline on the month, largely ascribed to better weather that ...
Rouble at new low after oil slips, fragile China weighs on stocks LONDON: More problems related to the drop in oil prices pushed Russia's rouble to a record low on Thursday, as mixed data from China and gains by the dollar squeezed emerging market stocks and currencies from both sides. MSCI's main emerging market index was on course to break a four-day run of gains. A 1 percent decline in Chinese shares and a 1.6 percent drop by Russian stocks set the day's course. Moscow's troubles were ...
Brighter euro zone PMI surveys help euro recover from lows LONDON: The euro recovered from a two-week low against the dollar on Thursday after data showing an unexpected pick-up in euro zone business growth, though gains could be fleeting amid continued expectations of more monetary easing. Concerns over the health of the European banking sector have also weighed on the euro, and those worries deepened after Spanish newswire Efe said on Wednesday at least 11 lenders had failed stress tests run by the European Central ...
Turkish lira gains before central bank meeting ISTANBUL: Turkey's lira strengthened on Thursday before the central bank's monthly rate-setting meeting, after which the bank's language will be closely examined.All 15 economists polled by Reuters expect the Turkish central bank to leave its main one-week repo rate at 8.25 percent when it meets on Thursday. Only one predicted a 25-basis-point cut in the overnight lending rate.A signal from the central bank over possible rate cuts could hurt the lira, bankers said."If we see ...

 



 
Index Closing Chg%
Arrow DJIA 16,677.90 1.32
Arrow Nasdaq 4,452.79 1.60
Arrow S&P 1,950.82 1.23
Arrow FTSE 6,419.15 0.30
Arrow DAX 9,047.31 1.20
Arrow CAC-40 4,157.68 1.28
Arrow Nikkei 15,138.96 0.37
Arrow H.Seng 23,333.18 0.30
Arrow Sensex 26,851.05 0.24





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 23, 2014
Reserves $13.465 bln