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Turkish lira makes biggest weekly gain against dollar in 3-1/2 years ISTANBUL: Turkey's lira jumped 4 percent against the dollar this week, its biggest weekly gain for 3-1/2 years, on expectations the ruling AK Party could form a government on its own after a June vote, though without enough seats to change the constitution. Still, the lira is down 10 percent this year, the worst performing major emerging market currency after Brazil's real, on dollar gains and worries about the election outcome and political meddling in monetary policy.The lira traded at 2.5911 at 1317 GMT, little changed on the day but gaining from 2.6960 a week earlier, in a rally also supported by global dollar losses. Investors have taken their cue from recent polls indicating Prime Minister Ahmet Davutoglu's AK Party will secure a majority in the June 7 election. "Aggregated polls are showing an ideal scenario for the AK Party in which it would be able to form a single-party ...

Currencies jump, regional growth beats euro zone BUDAPEST/WARSAW: Central European currencies strengthened on Friday after first-quarter Czech and Polish economic output figures confirmed that growth in the region outpaced the euro zone.Regional currencies and government bonds also benefited from a continuing rebound in bonds in developed markets after weeks of price falls which also spilled over into EU emerging markets.A renewed sell-off could prompt another fall in regional assets although the output data is buoying sentiment for now, traders said.The Czech crown ...
Sterling heads for strongest fortnight vs dollar in six years LONDON: Sterling hovered near a 5-1/2-month high against the dollar on Friday, still riding a post-election rally that has left it on track for its best fortnightly performance against the greenback in six years. Investors had for months worried that no party would win a majority in last Thursday's UK parliamentary election, which could have led to weeks of policy uncertainty until a coalition emerged. But that risk evaporated when the Conservatives won an outright ...
Sterling hits 5 1/2-month high against struggling dollar LONDON: Sterling hit a 5 1/2-month high on Thursday against a dollar weakened by worries about the U.S. economy, marking the fifth day of gains for the pound since the Conservatives were voted back into government.Sterling had earlier been boosted by comments by Bank of Enlgland Governor Mark Carney, who said, when asked in a BBC interview if interest rates were likely to be higher by this time next year, "It's possible, but it depends ...
Turkish lira set for strongest week in 3-1/2 years as election fears fade ISTANBUL: The Turkish lira rallied further on Thursday, putting it on track for its strongest week in 3-1/2 years as investors bet June elections will see the AK Party retain control of government, but without enough seats to change the constitution.The lira has fallen more than 10 percent this year, hurt by the resurgent dollar and by deep concerns about the election outcome and political meddling in monetary policy. It has underperformed most other major ...
Euro jumps past $1.14 as US economic worries grow LONDON: The dollar fell on Thursday to its weakest against a basket of major currencies since the European Central Bank announced a programme of quantitative easing in January, hit by growing concern that the U.S. economy has not just been suffering from a winter chill.The euro surged past $1.14 for the first time since February in early trade in Europe. Sterling, resurgent since UK elections last week, hit a six-month high of $1.5815.Traders said a ...
Russian rouble hits highest since November as dollar slips, oil supports MOSCOW: The Russian rouble strengthened on Wednesday, extending gains from the previous day and hitting its highest since late November, as oil prices rose, the dollar weakened on global markets and the end-of-month tax period approached. At 1425 GMT, the rouble was around 1.5 percent stronger against the dollar at 49.22 and had gained 0.3 percent to 55.82 versus the euro. Brent crude oil was trading around 0.8 percent higher at around $67.4 a barrel. ...


Index Closing Chg%
Arrow DJIA 18,010.68 0.64
Arrow Nasdaq 5,070.03 0.55
Arrow S&P 2,107.39 0.63
Arrow FTSE 6,984.43 0.80
Arrow DAX 11,413.82 2.26
Arrow CAC-40 5,007.89 2.53
Arrow Nikkei 20,563.15 0.06
Arrow H.Seng 27,424.19 0.11
Arrow Sensex 27,828.44 1.17

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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.795 bln
Exports $1.995 bln
Imports $3.790 bln
WeeklyMay 28, 2015
Reserves $17.494 bln