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Sterling hits 3-month low vs euro as traders eye British election LONDON: Sterling shed one percent against a broadly stronger euro on Wednesday, hitting a three-month low just a day before Britons vote in the most closely fought national election in a generation.The pound has skidded around 4 percent in the past week against the euro, with dealers reporting many in the market finally opting to run short of the currency -- effectively betting it will fall -- ahead of Thursday's vote.The euro has also been boosted by a sharp decline in the dollar as a run of weak U.S. economic data cast doubt on bets for an interest rate rise in coming months. In the latest knock to the greenback, U.S. private employers added the fewest number of workers in over a year in April, data showed.The dollar fell 1.5 percent against the euro on Wednesday, but sterling managed only a half a percent gain against the greenback, trading at ...

Zloty extends gains, bond markets indicate caution BUDAPEST: Central European currencies mostly extended gains on Tuesday on the region's reasonably good growth prospects, but flat to weaker government bonds indicated uncertainty about Greece's talks with creditors and ahead of US jobs data late this week.Hungary's forint and the Polish zloty had both firmed 0.2 percent against the euro by 0815 GMT.The zloty jumped more than one percent on Monday after purchasing manager surveys for the region showed that Poland's economic activity outperformed ...
Russian rouble ticks higher on weak forex demand; oil supports MOSCOW: The rouble gained ground against both the dollar and euro on Tuesday, as higher oil prices and weak demand for foreign currency bolstered the Russian currency after a four-day holiday weekend when Russian markets were closed. At 1030 GMT, the rouble was around 0.4 percent stronger against the dollar at 51.50 and rose 1.2 percent to trade at 57.22 versus the euro.The discrepancy in the rouble's position against the two currencies was largely due ...
Turkey finance minister: No permanent economic harm from sliding lira ANKARA: Turkey's economy will not suffer permanent damage from fluctuations in the lira, Finance Minister Mehmet Simsek said on Tuesday, adding the currency would not have fallen so much if it weren't for uncertainly ahead of June elections. The lira has lost more than 13 percent against the dollar this year. Simsek was speaking on broadcaster NTV. Copyright Reuters, 2015 ...
Dollar steadies after grim April LONDON: The dollar inched up against the euro on Tuesday but its longer-term rally remained in uncertain territory after the worst monthly performance in almost four years in April. The Aussie dollar gained half a percent after the Reserve Bank of Australia hinted its cycle of interest rate cuts might have ended for now with a quarter percentage point overnight. An extremely volatile second half of April saw the US currency slide more than 6 ...
Dollar adds small gains, but correction probably not over LONDON: The dollar added to tenuous gains on Monday after staging a modest comeback from a two-week decline on Friday, as data suggested that the US economy might be stabilising after a recent soft patch. The dollar had slid around 5 percent against a basket of major currencies in the second half of April. Weaker-than-expected data had cast doubt on whether the US Federal Reserve would raise interest rates in the coming months. But the ...
Sterling set for biggest weekly fall vs euro in four years LONDON: Sterling fell to a three-week low against the euro on Friday after a gauge of UK manufacturing tumbled, leaving the pound on track for its biggest weekly losses against the single currency in almost four years.Financial data company Markit said its monthly Purchasing Managers' Index (PMI) for manufacturing dropped to a seven-month low of 51.9 in April, below all the forecasts in a Reuters poll of 31 economists. That added to worries about Britain's ...


Index Closing Chg%
Arrow DJIA 18,162.99 0.67
Arrow Nasdaq 5,106.59 1.47
Arrow S&P 2,123.48 0.92
Arrow FTSE 7,033.33 1.21
Arrow DAX 11,771.13 1.26
Arrow CAC-40 5,182.53 1.95
Arrow Nikkei 20,472.58 0.17
Arrow H.Seng 28,081.21 0.60
Arrow Sensex 27,564.66 0.12

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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 26, 2015
Reserves $17.749 bln