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Yen rises after Japan fin min warns against rapid fall LONDON: The yen rose on Friday after Japanese Finance Minister Taro Aso said the currency's fall over the past week was too rapid, in one of the strongest warnings against a weak yen since Japan started its aggressive monetary stimulus two years ago. The dollar fell to 117.355 from around 118 yen before his comments. It was last at 117.65 yen, down 0.5 percent on the day, and below a 7-year high of 118.98 yen struck on Thursday. The dollar has climbed almost 10 yen since the Bank of Japan surprisingly eased policy in late October. The euro also fell against the yen to 147.25 yen, off a six-year high of 149.12 hit on Thursday.The single currency was also hurt by comments from European Central Bank chief Mario Draghi who said inflation expectations were dropping to levels he considered excessively low. Most of the focus was on Aso's comments, who ...

Swiss franc eases on growing talk of SNB intervention LONDON: The Swiss franc eased to a nine-day low against the euro on Friday, with dealers citing market talk that the Swiss National Bank may be intervening to weaken the currency as it hovers close to a three-year old cap. The euro rose 0.1 percent to 1.2033 francs, its highest level in over a week. "Price action over the last few days suggests to us that the Swiss National Bank might have started to purchase ...
Euro extends losses as Draghi's comments on more action weigh LONDON: The euro fell sharply against the dollar and the yen on Friday after European Central Bank chief Mario Draghi said inflation expectations were declining to levels that would be deemed excessively low, keeping the door open for further easing. The euro shed 1 percent against the yen to 146.72 yen, while it dropped 0.6 percent against the dollar to trade at $1.2450. Draghi also said the central bank is ready to act in a ...
Dollar eases off seven-year peak vs yen ahead of US inflation data LONDON: The dollar eased off a seven-year peak just shy of 119 yen on Thursday ahead of data that is expected to show U.S. consumer prices moderating as deflationary forces take hold across the globe.The euro had also hit a six-year high of 149.120 yen in early European trading, but gave up its gains after PMI surveys showed weak euro zone business growth, underpinning expectations of further monetary easing in the 18-nation bloc.The dollar earlier ...
Rouble rallies on taxes and oil, rouble stocks hit 2014 high MOSCOW: The rouble rose strongly on Thursday, supported by end-of-month tax payments and a firmer oil price, while the MICEX index of Russian stocks touched a 2014 high.At 1430 GMT, the rouble was 1.1 percent stronger against the dollar at 46.34 and 0.9 percent firmer at 58.25 versus the euro.Russian exporters are forced to sell foreign currency to meet monthly tax payments near the end of each month. Mineral extraction tax falls due on Nov. ...
Rouble-denominated Moscow shares at one-year high LONDON: Rouble-denominated Russian stocks hit one-year highs on Thursday, lifted by a bounce in battered Uralkali and expectations that rouble weakness would aid exporters, while most emerging assets were flat to weaker.The rouble also firmed half a percent even though the firm dollar index kept most emerging currencies under pressure and another oil exporter, Nigeria, suffered more weakness.Russian stocks rose 1 percent for a year-to-date 1.7 percent gain, although in dollar terms, Moscow is one ...
Dollar hits new seven-year high against yen, 120 level eyed LONDON: The dollar powered to a seven-year peak just shy of 119 yen on Thursday after Federal Reserve minutes suggested the United States is still likely to raise interest rates next year, in stark contrast to Japan's ultra-loose policy outlook.The euro slipped after purchasing managers' surveys from the euro zone showed business growth was weaker than forecasters expected this month, underpinning expectations that monetary conditions will be eased further in the 18-nation bloc.The dollar romped ...

 



 
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


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln