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Russia's rouble weaker on Monday, oil outweighs taxes MOSCOW: The Russian rouble was weaker in early trade on Monday, with a drop in crude prices outweighing higher demand for the currency due to monthly tax payments.At 0717 GMT, the rouble was around 0.3 percent weaker against the dollar at 59.48 and it was also around 0.1 percent lower at 64.20 versus the euro .Support for the rouble came from Russian exporters who need to convert their foreign currency revenues in order to pay monthly taxes.But a drop in oil prices of over one percent weighed, after Saudi Arabia said that the market defined prices and the kingdom would not unilaterally cut its output to defend them.Analysts said traders lacked strong motives to make big moves, but they remained worried about the conflict in eastern Ukraine."The only thing that raises serious concerns is the situation in Ukraine, where at any moment the tension can heighten that could easily send ...

Euro weakens as long-term investors sell, Greece concerns on radar LONDON: The euro fell on Monday, unable to build on its best weekly performance since late 2011 versus the dollar, on concerns about whether Greece can reach agreement with creditors to secure fresh funds.European Central Bank President Mario Draghi was due to address a European Parliament committee, with Greece and the progress of the ECB's quantitative easing programme, which has pushed the euro lower recently, high on the agenda.Greek Prime Minister Alexis Tsipras' meeting with ...
Sterling falls on interest rate, election uncertainty LONDON: Sterling fell against the dollar and euro on Monday, as doubts over when UK interest rates will begin to rise and uncertainty over the outcome of a national election due in early May weighed on the currency.Bank of England Chief Economist Andy Haldane said last week the bank should be ready to cut interest rates further if inflation looked likely to fall too below its 2 percent target. The next policy move was as ...
Euro hits 3-week high against sterling, up 0.8 percent LONDON: The euro rose to its strongest in three weeks against sterling on Monday as investors cut short euro positions and an uncertain UK interest rate path and parliamentary elections in May weighed on the pound.Last week was the best for the euro since late 2011 against the dollar, boosted by a broad sell-off in the greenback after the U.S. Federal Reserve cut its growth forecasts and signalled signalled a later rise in interest rates ...
Rouble rate will not change much in near future MOSCOW: The Russian rouble should not change much in value in the near future even if the oil price changes, Russian Finance Minister Anton Siluanov was quoted as saying on Saturday."We think that in the near future there will be no serious changes in the (rouble) rate," Siluanov said in an interview with Russian news show Vesti, according to the Interfax news agency."Even if oil prices may slightly deviate from current levels the rouble rate ...
Sterling sharply down vs dollar on BoE chief economist comments LONDON: Sterling fell sharply against the dollar on Thursday after dovish comments by a Bank of England policymaker cast doubt on investor expectations of an interest rate hike early next year. BoE Chief Economist Andy Haldane said the chances of an interest rate rise or cut were evenly balanced and that policy needed to stand ready to move in either direction in order for the bank to meet its 2 percent inflation target. That echoed ...
Dollar fights back after fall on Fed; Norwegian crown soars LONDON: The dollar fought back across the board on Thursday after posting its biggest daily fall in 18 months in the wake of a much more cautious Federal Reserve statement on interest rates than expected.The Norwegian crown gained as much as 3 percent against the euro - its biggest daily rise since 2008 - after Norway's central bank kept interest rates on hold, defying widespread expectations of a cut.In the statement the Fed issued after ...


Index Closing Chg%
Arrow DJIA 17,678.23 0.23
Arrow Nasdaq 4,863.36 0.27
Arrow S&P 2,056.15 0.24
Arrow FTSE 6,895.33 1.37
Arrow DAX 11,843.66 0.18
Arrow CAC-40 5,006.35 0.29
Arrow Nikkei 19,471.12 1.39
Arrow H.Seng 24,497.08 0.13
Arrow Sensex 27,457.58 2.33

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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln