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Sterling inches down vs broadly stronger dollar, eyes on BoE LONDON: Sterling inched down against a broadly stronger dollar on Friday but was higher against the euro with traders' eyes glued to speeches by Bank of England officials for more guidance on a cloudy policy outlook.Policymakers' output will be traditionally restrained over the next six weeks as Britain heads into a closely-fought general election that has driven the cost of hedging against volatility in the pound to its highest in almost four years.Analysts have been citing the election, which polls and politicians' pronouncements suggest carries the prospect of Britain's first minority government in decades, as a factor weighing on sterling since the start of this year.But the biggest drivers have been a repricing of expectations for when the BoE will start to hike rates. According to some assessments of money market pricing, that is now seen as late as September or October of next year.Governor Mark Carney and Deputy Ben ...

Gulf worries drive yen, Swiss franc higher against dollar LONDON: The dollar sank to a five-week low against the yen on Thursday, hit by the combination of another round of weaker-than-expected U.S. data and a bid for traditional safe havens by investors worried about stock markets and Gulf oil supplies.News that Saudi Arabia and its allies in the Middle East had launched air strikes against Iran-allied forces in Yemen, which sits on a key shipping passage between Europe and the Arab Gulf, dampened risk ...
Yen, franc surge on Saudi worries, dollar weakens LONDON: The dollar sank to a five-week low against the yen on Thursday, hit by the combination of another round of poor U.S. data and a bid for traditional safe havens by investors worried about stock markets and oil supplies out of the Middle East.News that Saudi Arabia and its Gulf Arab allies had launched air strikes against Iran-allied forces in Yemen quelled risk sentiment and led to a surge in oil prices. This offered ...
Sterling gains after UK retail sales beat expectations LONDON: Sterling rose to a one-week peak against the dollar and hit a day's high against the euro on Thursday after British retail sales data beat expectations.Retail sales rose 0.7 percent in February, from a month earlier, leaving them 5.7 percent higher on the year. Economists had expected a rise of 0.4 percent on the month and an increase of 4.7 percent on the year, adding to strong growth in sales at the end of ...
Russian rouble gains on oil and weaker dollar MOSCOW: Russia's rouble gained on Thursday, helped by a surge in oil prices and a weaker dollar.At 1105 GMT, the rouble was around 1.7 percent stronger against the dollar at 56.73 and gained 0.8 percent to trade at 62.49 versus the euro.Brent crude oil rose over 3 percent on Thursday after Saudi Arabia and its Gulf Arab allies launched air strikes against Yemen. The operation could stoke concerns about the security of Middle East oil ...
Turkish lira falls on worries over violation of Kurdish ceasefire ISTANBUL: Turkey's lira slipped on worries of renewed fighting with Kurdish militants after the military said it had fired artillery and mortar shells in retaliation at Kurdistan Workers Party (PKK) positions in southeast Turkey.The PKK took up arms to carve out an independent Kurdish homeland in the southeast in 1984 but declared a formal ceasefire with Turkey two years ago after decades of violence.Earlier in the week in a published note, JP Morgan had identified ...
Russian rouble turns negative after setting new 2015 highs MOSCOW: The rouble hit fresh 2015 highs early on Wednesday as Russian exporters sold foreign currencies to pay monthly taxes, before falling back sharply after these taxes had been paid.At 1545 GMT, the rouble was down 0.2 percent against the dollar at 57.80 and 0.6 percent weaker at 63.39 versus the euro.The Russian currency had traded as much as 2 percent higher on the day, setting a new 2015 peaks of 56.61 per dollar and ...

 



 
Index Closing Chg%
Arrow DJIA 17,678.23 0.23
Arrow Nasdaq 4,863.36 0.27
Arrow S&P 2,056.15 0.24
Arrow FTSE 6,895.33 1.37
Arrow DAX 11,843.66 0.18
Arrow CAC-40 5,006.35 0.29
Arrow Nikkei 19,471.12 1.39
Arrow H.Seng 24,497.08 0.13
Arrow Sensex 27,457.58 2.33





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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJanuary
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln