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Rouble weakness hurts Rewe in Russia ALPBACH: Weakness in the rouble may wipe out any gains by German retailer Rewe in Russia, which remains its fastest-growing market in local-currency terms despite sanctions on food imports, the head of the group's international operations was quoted saying.Frank Hensel told Austrian newspaper Wirtschaftsblatt that the decline of the rouble, which has suffered a sharp sell-off linked to Russia's perceived role in the Ukraine crisis, would offset the growth the company was achieving there."We have 97 Billa stores in Russia and a high degree of independent supply channels. But our selection (of products) is affected and we are observing the situation very carefully," Hensel told the business newspaper in an interview published on Wednesday. "Our business in Russia and Ukraine is still developing in a satisfactory way. In local-currency terms, Russia is even our most dynamic market. But by the end of the year that dynamic will not be so ...

Euro falls widely on ECB easing speculation LONDON: The euro fell broadly on Wednesday, hitting a 19-month low against the Swiss franc, as speculation that the European Central Bank will resort to quantitative easing was fuelled by yet more bad news from the euro zone.The common currency also hit a 13-month low against the dollar of $1.3151 earlier on Wednesday, though it recovered a little in European trade to $1.3179.The euro has been hit in recent weeks by a slew of weak ...
Euro falls to 19-month low versus Swiss franc on easing bets LONDON: The euro dropped to a 19-month low against the Swiss franc on Wednesday, hit by growing expectations the European Central Bank will resort to quantitative easing in coming months to ward off the threat of deflation.The euro fell as 10-year German government bond yields hit a record low of 0.916 percent, passing the previous record of 0.926 percent hit on Monday.The euro hit 1.20715 francs on trading platform EBS, its lowest since early January ...
Sterling firm near 2-week high versus struggling euro LONDON: Sterling traded firm near two-week highs against a struggling euro on Wednesday, helped by widening interest rate differentials between the two-year British government bonds and their euro zone counterparts.The gap between the two has moved in favour of sterling fixed income assets, rising to its highest since early July, amid expectations that the European Central Bank may resort to asset purchases, or quantitative easing, in coming months to ward off the growing threat of ...
Rouble weakness hurts Rewe in Russia VIENNA: Weakness in the rouble may wipe out any gains by German retailer Rewe in Russia, which remains its fastest-growing market in local-currency terms despite sanctions on food imports, the head of the group's international operations was quoted saying. Frank Hensel told Austrian newspaper Wirtschaftsblatt that the decline of the rouble, which has suffered a sharp sell-off linked to Russia's perceived role in the Ukraine crisis, would offset the growth the company was achieving there. ...
Euro picks up off low as Schaeuble plays down ECB easing speculation LONDON: The euro edged off its lowest point in almost a year on Wednesday as Germany's finance minister played down speculation over more European Central Bank monetary policy easing in the coming months. The shared currency was trading at $1.3183, up 0.1 percent on the day, after falling as low as $1.3151 in Asian trade. Germany's Finance Minister Wolfgang Schaeuble was quoted in a newspaper on Wednesday as saying ECB chief Mario Draghi had been ...
Sterling steadies after Scottish referendum debate wobble LONDON: Sterling rose from a five-month low against the dollar and pared losses against the euro on Tuesday, overcoming a wobble after Scotland's pro-independence leader Alex Salmond won a final debate before a referendum next month.Returning after Monday's market holiday in London, traders bought the pound, which has weakened in recent sessions after investors unwound expectations of a Bank of England interest rate hike later this year.The pound posted its seventh weekly loss against the ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 25, 2014
Reserves $13.925 bln