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Russian rouble hits record low vs dollar as new EU sanctions confirmed MOSCOW: The Russian rouble hit a record low against the dollar on Thursday, dragged down by new European Union sanctions against Russia and by sliding oil prices.At 1300 GMT the rouble was at 37.58 against the dollar, down 0.7 percent on the day and below the rouble's previous historic low of 37.51 reached on Sept. 1.The rouble was down over 1 percent to 48.65 against the euro , and down 0.9 percent to 42.55 against the dollar-euro basket.It remains stronger than its record low against the euro of 51.20 as well as its all-time low of 43.21 against the basket, both reached on March 3.The rouble has been weighed down by confirmation that the European Union will introduce a new wave of sanctions to punish Russia for its policy in Ukraine, notwithstanding last week's ceasefire between Ukraine and separatist rebels.European Council President Herman Van Rompuy said on Thursday that the ...

Dinar retreats, Serbia keeps interest rates on hold BUDAPEST: Serbia's dinar gave up slight early gains on Thursday after its central bank kept interest rates on hold, and the currency may stay under pressure as investors await delayed fiscal reforms.Prime Minister Aleksandar Vucic is expected to present a revised budget, possibly including cuts in pensions and public sector wages and jobs, later this week or early next week.A delay in state spending cuts has been blocking the way of a credit deal with ...
Russian ruble hits record low as sanctions loom MOSCOW: The Russian ruble slumped to another record low against the dollar on Thursday as the European Union prepared to hit Moscow with harsher sanctions over the Ukraine crisis.The ruble weakened to 37.57 against the dollar at about 1135 GMT, a new record after hitting 37.51 on September 1. The ruble also weakened against the euro to 48.50 rubles, but stayed above the five-month low of 49.0903 hit at the start of the month. The ...
Sterling enjoys relief rally after latest Scottish poll, outlook shaky LONDON: Sterling bounced from a 10-month low against the dollar and rose against the euro on Thursday, drawing some comfort from a poll that showed those planning to vote for Scotland to stay part of the United Kingdom were gaining the upper hand.The poll, carried out by Survation on behalf of the Daily Record newspaper, showed 47 percent intended to vote for a split and 53 percent intend to vote against. The figures excluded 10 ...
Dollar hits 6 year high vs yen; sterling's Scotland woes ease LONDON: The US dollar powered to a six-year high against the yen on Thursday and sterling recovered some ground after a recent bout of nerves over the prospect of Scotland voting for independence in a week's time. A poll late on Wednesday showed 53 percent of Scots intended to vote against a split from the UK, in contrast to a YouGov poll over the weekend showing 51 percent in favour, helping pull the pound back ...
Sterling sell-off abates after latest Scottish poll, outlook shaky LONDON: Sterling pulled away from a 10-month low against the dollar and rose against the euro on Thursday, drawing some comfort from a poll which showed those voting in Scotland to stay as part of the United Kingdom were gaining the upper hand.The poll, carried out by Survation on behalf of the Daily Record newspaper, showed 47 percent intending to vote "Yes" to the split while 53 percent intend to vote against.The figures excluded 10 ...
Sterling one-week volatility rises on Scottish vote worries LONDON: The cost of hedging against sharp swings in the British pound ahead of the Scottish referendum in a week's time jumped to 13-month highs on Thursday. The one-week sterling/dollar implied volatility rose to a high of 11.725 percent, according to Reuters data, its highest level since July 2013. The one-week options will expire on Sept. 18, the day of the Scottish vote on independence. In the spot market, sterling was trading flat at $1.6215 ...

 



 
Index Closing Chg%
Arrow DJIA 17,279.74 0.08
Arrow Nasdaq 4,579.79 0.30
Arrow S&P 2,010.40 0.05
Arrow FTSE 6,837.92 0.27
Arrow DAX 9,799.26 0.01
Arrow CAC-40 4,461.22 0.08
Arrow Nikkei 16,321.17 1.58
Arrow H.Seng 24,306.16 0.57
Arrow Sensex 27,090.42 0.08





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 18, 2014
Reserves $13.525 bln