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Draghi helps euro higher, UK growth numbers in focus LONDON: The euro inched up against the dollar on Tuesday, helped by comments from European Central Bank policymakers cooling any expectations the bank will respond to low inflation by easing monetary conditions further.The euro has struggled to push past a series of barriers since a first approach last month to the big psychological figure of $1.40 prompted warnings from the ECB about the currency's strength.But short-term euro zone interest rates continue to push higher, boosting returns on the currency, and a source said President Mario Draghi had told German lawmakers outright money-printing by the bank was still a long way off. Preliminary German numbers are also expected to show inflation inching back up, easing pressure on the bank to take action to fend off the risk of a cycle of falling prices and demand. "Draghi's comments are one of the reasons the euro is holding strong this morning," said Stephen ...

Sterling firmer on Carney comments on economy before GDP data LONDON: Sterling edged towards 4 1/2-year highs against the dollar on Tuesday, buoyed by favourable comments on Britain's economy from Bank of England Governor Mark Carney before what is expected to be robust first-quarter growth data. Sterling was up 0.2 percent at $1.6840, not far from Monday's peak of $1.6858, with chartists citing near-term resistance around the November 2009 high of $1.6877. A break above that could see sterling rise to $1.70, traders said.Driven by ...
Weaker rouble weighs on Gazprom's 2013 net income MOSCOW: Russia's pipeline gas export monopoly Gazprom posted a 7 percent drop in 2013 net profit on Tuesday to 1.139 trillion roubles ($35.7 billion), in line with forecasts, on the back of a weaker rouble.Analysts had expected 2013 net income of 1.14 trillion roubles. Gazprom usually reports later than other major Russian companies and analysts have said they will focus on a post-results conference call for updates on the company's position on Ukraine's gas debt, ...
Russian ruble, stocks gain on new US sanctions MOSCOW: Both the Russian ruble and main stock exchange gained about one percent of their value on Monday following the unveiling of fresh US sanctions which appeared less severe than feared in Moscow.The Russian ruble rose to 35.85 from 36.05 against the dollar within minutes of the White House announcement.The dollar-denominated RTS index shot up to nearly 1,140 points from the 1,113 mark at which it stood prior to the unveiling of US sanctions against ...
Euro firm on expectations of inflation uptick; pound surges LONDON: The euro rose to a two-week high against the dollar on Monday, supported by expectations inflation in the euro zone will tick up and ease pressure on the European Central Bank to loosen monetary policy.Sterling rose to a 4 1/2-year high against the dollar , boosted by robust UK data and expectations of merger and acquisition inflows, after US drugmaker Pfizer confirmed it had made a bid approach to Britain's second-biggest drugs group, AstraZeneca. ...
Turkish lira eases on Ukraine tensions, Turkcell shares up ISTANBUL: The Turkish lira weakened on Monday as rising tensions in Ukraine weighed on emerging markets, while Turkcell shares gained after a court ruling opened the way to resolving a dispute among its shareholders. The lira eased to 2.1380 to the dollar by 0710 GMT from 2.1335 late on Friday. The central bank kept its main interest rates on hold last week, lending support to the lira. The main Istanbul share index fell 0.18 percent ...
Sterling boosted by punchy UK retail sales LONDON: Sterling neared recent multi-year highs against the dollar on Friday following surprisingly strong March retail sales although a downward revision to the previous month's figure quickly brought it down again.At 0915 GMT the pound was up 0.1 percent on the day at $1.6820, after trading as high as $1.6834 after the data. That put the currency within sight of the 4 1/2-year high of $1.6842 struck a week ago. The euro was down 0.1 ...

 



 
Index Closing Chg%
Arrow DJIA 18,080.14 0.12
Arrow Nasdaq 5,092.09 0.71
Arrow S&P 2,117.69 0.23
Arrow FTSE 7,070.70 0.24
Arrow DAX 11,810.85 0.74
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Arrow Nikkei 20,020.04 0.83
Arrow H.Seng 28,060.98 0.84
Arrow Sensex 27,437.94 1.07





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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln