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Euro rises, bolstered by robust German IFO survey LONDON: The euro climbed towards $1.10 against the dollar on Wednesday, encouraged by a robust German business morale survey that added to expectations that an economic recovery in the euro zone is strengthening.But with the ECB's 1.1 trillion euro asset purchase programme in place, short-dated euro zone bond yields are likely to be capped and keep gains in the euro limited, traders said.The German IFO indicator, based on a monthly survey of some 7,000 firms, climbed to 107.9 in March from 106.8 in February, higher than the Reuters consensus forecast for 107.3 and the strongest reading since July 2014.That followed an encouraging ZEW survey last week a strong German PMI data released on Tuesday. Regional business surveys were also robust, with the eurozone composite flash Purchasing Managers' Index (PMI) jumping to a near four-year high.The euro was up 0.3 percent at $1.0955, having witnessed huge swings in the past week ...

Russian rouble storms to new 2015 highs as taxes trump oil MOSCOW: The Russian rouble rose to new 2015 highs on Wednesday, shrugging off a decline in oil prices as Russian exporters continued to sell forex to pay monthly taxes.At 0800 GMT, the rouble was 0.8 percent stronger against the dollar at 57.22, and 0.6 percent stronger at 62.66 versus the euro.The Russian currency had earlier set new 2015 highs of 57.09 against the dollar and 62.44 against the euro.On Tuesday the rouble rose 2 percent ...
Russian rouble surges to new 2015 highs ahead of tax payments MOSCOW: The Russian rouble rose strongly on Tuesday ahead of monthly tax payments, continuing a rally since February that has taken it to its highest levels against the dollar and euro since the end of last year.The Russian currency has now gained 7 percent against the dollar over the last week, reflecting a weaker dollar globally as well as Russian tax payments, although it is still down almost 40 percent since the middle of last ...
Sterling hits 1-month low against euro on soft inflation data LONDON: Sterling fell to a one-month trough against the euro on Tuesday, hurt by data that showed British inflation dropped to zero last month, its lowest since records began, bolstering expectations that British interest rates will stay low.Sterling fell 0.5 percent to 73.715 pence per euro, its lowest since Feb 23, while against the dollar it shed 0.5 percent to $1.4874, having traded at $1.4945 before the data was released.Analysts said the number might further ...
PMI surveys add to euro recovery LONDON: The dollar was back under pressure on Tuesday after three days of frantic trading that have seen the first serious doubts in its nine-month march higher and some signs of more resilience around the euro.San Francisco Fed chief John Williams was the latest to weigh in on the debate over the dollar's gains, saying the U.S. economy could handle a stronger currency and pointing to the chance of an interest rate rise in June.Other ...
Sterling falls to one-month low vs euro after UK inflation data LONDON: Sterling fell to a one-month trough against the euro and a day's low against the dollar on Tuesday, after data showed British inflation dropped to zero last month, its lowest since records started.Consumer price inflation dropped to 0.0 percent in February from an annual rate of 0.3 percent in January, the Office for National Statistics said.Sterling hit a low of $1.4917 after the data was released, having traded at around $1.4945 beforehand. It also ...
Sterling hits one-month low to euro after British inflation data LONDON: Sterling fell to a one-month trough against the euro on Tuesday after data showed British inflation dropped to zero last month, its lowest since records began, bolstering expectations that British interest rates will stay lower for longer.Sterling fell 0.6 percent to 73.63 pence per euro, its lowest since Feb 23, while against the dollar it shed 0.3 percent to $1.4896, having traded at $1.4945 beforehand.Analysts said the data might further push out expectations of ...

 



 
Index Closing Chg%
Arrow DJIA 17,698.18 0.44
Arrow Nasdaq 4,880.23 0.42
Arrow S&P 2,059.69 0.40
Arrow FTSE 6,809.50 0.54
Arrow DAX 12,001.38 0.2
Arrow CAC-40 5,062.22 0.57
Arrow Nikkei 19,034.84 0.90
Arrow H.Seng 25,082.75 0.73
Arrow Sensex 28,260.14 1.08





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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJanuary
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 20, 2015
Reserves $16.132 bln