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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 romped as far as 118.98 yen, its highest since August 2007, after minutes from the Federal Reserve suggested the United States is still likely to raise interest rates next year, in stark contrast to Japan's ultra-loose policy outlook.The minutes helped take the greenback's gains against the yen to nearly 10 percent since the Bank of Japan sprang a surprise extension of its stimulus programme on the market just three weeks ago. The dollar last traded ...

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 ...
Sterling climbs after solid British retail sales data LONDON: Sterling cut losses against the dollar and hit a day's high against the euro on Wednesday after British retail sales beat expectations in October, offering relief to a currency that has struggled in the past few weeks.British retail sales volumes rose 0.8 percent on the month after a fall of 0.4 percent in September, easily beating expectations of a 0.3 percent rise. For the year, retail sales rose 4.3 percent.Sterling rose to $1.5684, having ...
Pound pushes up after two policymakers vote again for UK rate hike LONDON: Sterling rose from a 14-month low against the dollar on Wednesday after Bank of England minutes showed two policymakers continuing to vote for an immediate interest rate rise despite a weakening economic outlook.There had been some market speculation that either Ian McCafferty or Martin Weale - the two members of the BoE's Monetary Policy Committee who have since August voted for a rate hike - would reverse their support for policy tightening, given recently ...
Dollar firm as Fed minutes likely to highlight policy divergence with peers LONDON: The dollar hit a fresh seven-year high against the yen on Wednesday, and held near a 14-month peak versus sterling, as investors added favourable bets ahead of Federal Reserve minutes that could highlight policy divergence with its peers.The yen was on the defensive, falling to a six-year trough against the euro, after Japanese Prime Minister Shinzo Abe's decision to postpone a sales tax rise was seen as supportive for stock markets and negative for ...


Index Closing Chg%
Arrow DJIA 17,827.75 0.07
Arrow Nasdaq 4,787.32 0.61
Arrow S&P 2,072.83 0.28
Arrow FTSE 6,729.17 0.03
Arrow DAX 9,915.56 0.55
Arrow CAC-40 4,373.42 0.20
Arrow Nikkei 17,383.58 0.14
Arrow H.Seng 24,111.98 1.12
Arrow Sensex 28,386.19 0.17

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