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Turkey's lira hits firmest since late May ISTANBUL: The Turkish lira rallied some 0.6 percent against the dollar on Tuesday to below 2.63, its firmest since May 26, boosted by hopes for a coalition government, the Greek bailout and falling oil prices after the Iran nuclear deal. The positive mood extended to the main Istanbul share index , which rose 0.82 percent, while the benchmark 10-year government bond yield was steady at 9.48 percent. Copyright Reuters, 2015 ...

Dollar rallies as Greek deal brings US rate hikes into focus LONDON: The dollar strengthened across the board on Monday after euro zone leaders clinched a deal with Greece in an all-night summit, letting investors turn their focus away from Europe and towards the prospect of higher US interest rates.European Council President Donald Tusk announced on Twitter that leaders had unanimously reached agreement on a third bailout for the cash-strapped southern European country. EU officials said Greek Prime Minister Alexis Tsipras had accepted a compromise on ...
Sterling at the whim of euro fluctuations after Greece deal LONDON: Sterling strengthened against the euro on Monday, as the single currency weakened across the board after Greece and its European creditors reached agreement on a new debt deal for Athens. There are no major UK economic data releases, events or policymaker speeches scheduled for Monday, leaving the pound largely at the mercy of the euro's fluctuations. Euro zone leaders clinched the deal, which keeps Greece in the euro zone, after a whole night of ...
Euro dips, markets mostly up as Greece talks drag on HONG KONG: The euro edged down Monday but stock markets mostly rose as European leaders presented Greece with a painful set of demands to secure a debt bailout or face a eurozone exit. Traders also took some support from figures showing a pick-up in Chinese exports that tempered worries about the country's economy and provided some stability to Shanghai stocks after weeks of fierce volatility.During the high-stakes summit talks, Germany and other eurozone leaders handed ...
Sterling moves up along with euro on Greek deal optimism LONDON: Sterling climbed against the dollar on Friday, drawing support from a euro rally fueled by optimism that Greece was making progress in its efforts to secure more funding and stay in the currency union.Sterling had fallen to a one-month low earlier in the week as the dollar surged on interest rate differentials moving in its favour, but it was then boosted by a British budget that was less austere than many had expected and ...
Greek deal optimism sees euro jump 2 percent vs yen LONDON: The euro rose across the board on Friday, jumping 2 percent against the yen, on optimism that Greece was making progress in its efforts to secure funding and stay in the single currency. The yen and Swiss franc, currencies which tend to do well during turmoil in financial markets, both lost ground as demand for riskier assets picked after Chinese shares rebounded. The euro climbed 2 percent against the yen to a one-week high ...
Sterling inches up from lows after budget, robust housing data LONDON: Sterling inched up from a one-month low on Thursday, drawing some support from a British budget bill that was not as fiscally tight as many investors had expected, as well as strong numbers from the housing market.The pound was unmoved by the Bank of England's decision to, as expected, keep its benchmark interest rate at the record low of 0.5 percent, as policymakers grappled with how to balance improving wage growth in Britain against ...


Index Closing Chg%
Arrow DJIA 17,689.86 0.03
Arrow Nasdaq 5,128.28 0.01
Arrow S&P 2,103.84 0.23
Arrow FTSE 6,696.28 0.41
Arrow DAX 11,308.99 0.46
Arrow CAC-40 5,082.61 0.72
Arrow Nikkei 20,585.24 0.30
Arrow H.Seng 24,636.28 0.56
Arrow Sensex 28,114.56 1.48

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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 $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln