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Sterling stays weak on bets rates will remain low, eyes on ECB LONDON: Sterling edged up a touch against the dollar on Thursday but stayed close to an 18-month low, as investors remained wary after a U-turn by two Bank of England policymakers that confirmed interest rates will stay low for a long time.Sterling had fallen to as low as $1.5076 on Wednesday after minutes from the latest meeting of the BoE's monetary policy committee showed two members had dropped their call for a hike in rates, leaving all nine members in favour of keeping rates where they are.Martin Weale and Ian McCafferty, who since August had called for an end to record-low interest rates, said a rate rise now might cause below-target inflation to become entrenched.The minutes led investors to push back expectations for a first UK interest rate hike well into next year - a big change from six months ago, when most were calling for a rise early this ...

D-Day for euro as market awaits ECB quantitative easing LONDON: The euro held more than a cent above 11-year lows on Thursday, ahead of a European Central Bank policy meeting expected to launch the outright money-printing the bank has steadfastly avoided since 2008.Traders and strategists at the major banks say an extended monthly bond-buying programme, outlined by Reuters and other news services on Wednesday, is fully priced-in to the current value of the euro.That argues for a clearing out of many of the bets ...
Russian rouble stable as exporters counter new oil dip MOSCOW: Russia's rouble was broadly stable on Tuesday, following modest gains in the previous session, as exporter buying countered declining global oil prices.At 0822 GMT, the rouble was less than 0.1 percent weaker against the dollar at 65.07 and lost the same amount to trade at 75.46 versus the euro.Russian exporters convert a portion of their foreign-currency earnings into roubles towards the end of each month to meet their tax obligations to the state budget.Following ...
Relief over China growth pushes dollar to 1-week high versus yen LONDON: The dollar hit a one-week high against the yen on Tuesday after China growth data was not as bad as many had feared, curbing demand for the safe-haven Japanese currency.The greenback rose 0.6 percent to 118.25 after touching a one-week high of 118.54. Forecasts from the IMF showing that the United States was on a different growth trajectory than most other major economies also bolstered sentiment towards the dollar, while some talk the Bank ...
Sterling blips higher, eyes on central banks LONDON: Sterling gained a third of a percent against a broadly weaker euro on Tuesday but was still wavering on the verge of a fall back below $1.50.The key domestic events for sterling this week are on Wednesday, with Bank of England minutes to be scrutinised for signs of a U-turn by either of the two policymakers who have voted for higher interest rates in recent months.Sterling has suffered from a pushback in expectations for ...
Zloty steady, kuna eases on CHF loan fix plan BUDAPEST/ZAGREB: Poland's zloty firmed slightly on Tuesday as its increased volatility following a surge in the Swiss franc reduces the odds of a central bank interest rate cut.Poland sees a need for measures to cut the costs of the franc's rise to borrowers. Croatia announced late on Monday that it would fix the exchange rate of its kuna against the franc for one year.Hungarians also hold a large amount of Swiss franc loans but most ...
Swiss franc shock shuts some FX brokers; regulators move in LONDON: The Swiss franc shock reverberated through currency trading firms around the world on Friday, wiping out many small-scale investors and the brokerages that cater to them and forcing regulators to take a closer look at the sector. Some major banks also lost out when the Swiss National Bank lifted its cap on the franc against the euro without warning on Thursday, including Britain's Barclays which lost "tens of millions" of dollars, an industry source ...


Index Closing Chg%
Arrow DJIA 17,387.21 1.65
Arrow Nasdaq 4,681.50 1.89
Arrow S&P 2,029.55 1.34
Arrow FTSE 6,811.61 0.60
Arrow DAX 10,628.58 1.57
Arrow CAC-40 4,624.21 1.09
Arrow Nikkei 17,768.30 1.72
Arrow H.Seng 24,807.28 0.41
Arrow Sensex 29,571.04 1.00

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln