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Sterling on the defensive after UK services PMI disappoints LONDON: Sterling slipped to a 10-day low against the euro and a three-week trough against the dollar on Friday after data showed the expansion in Britain's services sector eased more than expected last month. The purchasing managers index for the UK's services sector hit a three-month low, dropping slightly more than economists had forecast in a Reuters poll and raising the prospect of an end-of-year slowdown. A broader index covering the whole of the private sector dropped to its lowest level in six months. The pound fell 0.4 percent to $1.6070 after the data , edging closer to the 11-month low of $1.6052 hit on Sept. 10 amid worries about the referendum on Scottish independence. The Bank of England expects Britain's economy to grow by 3.5 percent this year, but most of its policymakers have said they are in no rush to raise interest rates from their record low 0.5 ...

Dollar rallies before US jobs data, index set for 12th week of gains LONDON: The dollar rebounded against the yen on Friday, lifted by bargain hunting before US jobs data and leaving the index on track for its 12th week of gains, a feat not seen in four decades. The dollar index moved in sync with US Treasury yields , which edged up in anticipation of a good jobs number.The index which measures the dollar against a basket of major currencies, has risen 7.7 percent last quarter and ...
Russia's rouble sinks after media report says central bank mulls capital controls MOSCOW: Russia's rouble hit an all-time low against a dollar-euro basket on Tuesday, falling below the level at which the central bank intervenes to defend the currency, after a news report said the bank was considering imposing capital controls.The central bank, which last intervened to defend the rouble in May, said it was unable to provide immediate comment on the news report. Bank officials have repeatedly said they oppose the imposition of capital controls.The Finance ...
Sterling ends mixed after dollar surge LONDON: Sterling hit a two-week low against the dollar on Tuesday but firmed to a more than two-year high against the euro, reflecting the latest leg of a broad-based rally for the U.S. currency that dates back almost three months.Dealers said Middle Eastern investors had been seen buying and then selling the pound after a mixed bag of data confirmed the British economy expanded strongly in the second quarter but also showed the UK current ...
Turkish lira shrugs off data showing widening trade deficit ISTANBUL: Turkey's lira held steady on Tuesday despite data showing the trade deficit - the main weakness of its economy - widened more than expected last month.The deficit increases Turkey's vulnerability to shifts in global liquidity. Tuesday's data showed it widened last month to $8.04 billion from $7.08 billion a year earlier, above a Reuters forecast of $6.75 billion."There were a few one-off numbers that made this (deficit) number a bit less reliable than normal ...
Sterling buffeted by data, political worries weigh LONDON: Sterling hit a two-week low against the dollar on Tuesday but firmed to a more than two-year high against the euro, reflecting the latest leg of a broad-based rally for the U.S. currency that dates back almost three months.Dealers said Middle Eastern investors had been seen buying and then selling the pound after a mixed bag of data confirmed the British economy expanded strongly in the second quarter but also showed the UK current ...
Dollar heads for best quarter in 6 years, hits 4-year high LONDON: The dollar surged to a four-year high against a basket of currencies and a two-year high against the euro on Tuesday after euro zone inflation fell in September, putting the greenback on track for its best quarter in six years.The Norwegian crown was another big mover, up almost 1 percent to a three-week high of 8.1045 crowns per euro after its central bank unveiled plans to buy 250 million crowns per day in October.The ...

 



 
Index Closing Chg%
Arrow DJIA 16,614.81 1.31
Arrow Nasdaq 4,419.48 2.40
Arrow S&P 1,941.28 1.96
Arrow FTSE 6,372.33 1.68
Arrow DAX 8,886.96 1.94
Arrow CAC-40 4,081.24 2.25
Arrow Nikkei 14,804.28 2.03
Arrow H.Seng 23,088.58 0.08
Arrow Sensex 26,575.65 0.55





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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 $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln