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Euro falls as Greece rejects bailout talks with troika NEW YORK: The euro retreated against other major currencies Friday as struggling Greece refused to meet with its international creditors and rejected fresh loans, and the eurozone showed weaker inflation.The finance minister of Greece's new anti-austerity government, Yanis Varoufakis, said that despite warnings Greece would shortly run out of money, his government preferred to do without the instant fresh cash, and instead renegotiate the entire bailout package."This government was elected on the basis of analytically questioning the very logic of the program now being applied," he said, referring to the reforms and budget cuts demanded by Athens's international troika of creditors -- the European Union, the European Central Bank and the International Monetary Fund.Copyright AFP (Agence France-Presse), 2015 ...

Turkish currency hits new record low against dollar ISTANBUL: The Turkish lira sank to a fresh record low against the dollar on Friday, as it remained under pressure due to expectations that the central bank may cut interest rates as early as next week. In afternoon trading on Friday, the lira fell to as low as 2.43 to the dollar after hitting a record low of 2.41 late on Thursday. Against the euro, the currency lost 0.8 percent in value to trade at ...
Norway central bank to sell NOK 700mn of FX per day in Feb OSLO: Norway's central bank will sell foreign exchange equivalent of 700 million crowns ($89.7 million) per day in February after selling 500 million crowns worth of currency per day in January, it said in a statement on Friday.The bank is selling the currency because the government's transfers to its $850 billion sovereign wealth fund have been smaller than earlier expected and the budget is spending more of its oil related income.The bank puts foreign currency ...
Russian rouble drops on sanctions threat, risk aversion post-Fed MOSCOW: Russia's rouble fell around 2 percent against the dollar and the euro on Thursday, hurt by the threat of new European Union sanctions over the Ukraine crisis, the end of the tax period and a broad-based aversion to riskier assets on global markets.At 1215 GMT, the rouble was 1.9 percent weaker at 69.31 roubles to the dollar and 2 percent lower at 78.40 against the euro.Stocks were mixed, with the dollar-based RTS index down ...
Turkey's lira slides on rate cut expectations ISTANBUL: The Turkish lira tumbled to a record low against the dollar on Thursday on expectations that the central bank will cut interest rates at an extraordinary monetary policy committee meeting as early as next Wednesday.In a Reuters poll, all 15 economists who responded said they expected the bank to hold an unscheduled meeting after inflation data are released on Feb. 3. They expect it to cut its main interest rate by 50-75 basis points.The ...
Russian rouble weakens as EU sanctions threat sours sentiment MOSCOW: Russia's rouble slid in early trade on Thursday, extending losses from earlier in the week as falling oil prices and the threat of new European Union sanctions over the Ukraine crisis soured sentiment.At 0735 GMT, the rouble was around 0.8 percent weaker against the dollar at 68.58 and 0.6 percent lower at 77.38 against the euro.Stocks were mixed, with the dollar-based RTS index down 1 percent to 758 points and the rouble-denominated MICEX up ...
Dollar firm post-Fed, franc eyed for intervention LONDON: The US dollar inched higher against the yen and was steady to the euro on Thursday after a Federal Reserve statement which, with some caveats, was read as keeping the bank on track to raise interest rates later this year.There were hints from the Fed of concern about both the headwinds facing other major economies and an undershoot in inflation that might stay its hand somewhat longer than the mid-2015 timeline previously forecast by ...


Index Closing Chg%
Arrow DJIA 17,164.95 1.45
Arrow Nasdaq 4,635.24 1.03
Arrow S&P 1,994.99 1.30
Arrow FTSE 6,749.40 0.90
Arrow DAX 10,694.32 0.41
Arrow CAC-40 4,604.25 0.59
Arrow Nikkei 17,674.39 0.39
Arrow H.Seng 24,507.05 0.36
Arrow Sensex 29,182.95 1.68

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln