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Euro dips after ECB's Constancio says can decide on QE in Q1 LONDON: Euro dipped to a day's low on Wednesday after European Central Bank Vice President Vitor Constancio said that the bank will be able to gauge in the first quarter of next year whether it needs to start buying sovereign bonds. The euro slipped to $1.2454, down 0.15 percent on the day from around $1.2467 before his comments. Constancio also said that buying sovereign bonds, or quantitative easing, would influence inflation expectations and the euro. The euro has shed more than 9 percent against the dollar so far this year, as investors priced in a chance of outright bond-buying by the ECB as it grapples with sluggish growth and the threat of deflation.Copyright Reuters, 2014 ...

Sterling pares losses after dip on weak UK business investment data LONDON: Sterling pared losses on Wednesday after a mixed bag of data showed British business investment falling unexpectedly in the third quarter of the year but the economy growing quite healthily overall.Business investment declined by 0.7 percent between July and September compared with the previous three months, its first fall since the second quarter of last year, while gross domestic product grew by 0.7 percent on the quarter, as expected. Sterling fell after the data, ...
Rouble loses ground as market hopes of OPEC output cut fade MOSCOW: The rouble fell for a second day on Wednesday on fading hopes that OPEC will agree to cut oil output and as foreign-currency sales dried up after exporters finished paying a major tax to the state budget. At 1130 GMT, the rouble was around 1.2 percent weaker against the dollar at 46.81 and 1.3 percent weaker at 58.29 versus the euro. Traders said market moves were exacerbated by thin trading, meaning even small purchases ...
Sterling weak but steady after BoE testimony LONDON: Sterling drifted lower on Tuesday as a mixed bag of testimony to parliament by Bank of England Governor Mark Carney and fellow policymakers failed to shift the consensus view on when interest rates will start to rise.The pound has shown resilience against the dollar in the past week but is still 9 percent down from July's 2014 peak of $1.71, frustrated by political risk and a pushing out of rate hike expectations.Traders said that ...
Rouble falls back, ends five-day winning streak MOSCOW: The Russian rouble reversed earlier gains on Tuesday, breaking a five-day winning streak as a cautious mood prevailed ahead of a key OPEC meeting on Thursday.At 1305 GMT, the rouble was 1.2 percent weaker against the dollar at 45.54 and 1.1 percent weaker at 56.59 versus the euro.The rouble had risen on opening, helped by monthly tax payments. Russian companies pay the monthly mineral extraction tax on Tuesday, requiring major exporters to convert foreign ...
Solid yen, yuan rebound support Asia FX; won turns firmer SINGAPORE: Most emerging Asian currencies edged up on Tuesday, helped by the yen's strength and a rebound in the Chinese yuan after it opened weaker than central bank guidance for the first time since September.South Korea's won turned firmer, outpacing regional peers, on demand from local exporters for month-end settlements. Custodian banks bought the currency as foreign investors were net buyers in Seoul's main stock market for a sixth straight session.Foreign exchange authorities were spotted ...
Rouble strengthens ahead of tax payments, eyes on OPEC MOSCOW: The Russian rouble rose on Tuesday morning, extending recent gains as imminent monthly tax payments outweighed a softening of the oil price ahead of an OPEC meeting. At 0820 GMT, the rouble was 0.6 percent stronger against the dollar at 45.27 and 0.5 percent stronger at 56.22 versus the euro.Russian companies pay monthly mineral extraction tax on Tuesday, requiring major exporters to convert foreign currency earnings into roubles. Profit tax, another major payment, falls ...


Index Closing Chg%
Arrow DJIA 17,814.94 0.02
Arrow Nasdaq 4,758.25 0.07
Arrow S&P 2,067.03 0.12
Arrow FTSE 6,731.14 0.02
Arrow DAX 9,861.21 0.77
Arrow CAC-40 4,382.31 0.32
Arrow Nikkei 17,407.62 0.29
Arrow H.Seng 23,843.91 0.21
Arrow Sensex 28,338.05 0.57

Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln