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Sterling edges up vs dollar as UK inflation picks up a little LONDON: Sterling edged up to a day's high against the dollar on Tuesday after data showed UK inflation picking up slightly in October, providing some relief to markets that had expected a softer number after dovish recent comments from BoE policymakers. Consumer prices rose by an annual 1.3 percent in October, compared with a five-year low of 1.2 percent in September and in line with economists' forecasts in a Reuters poll, the Office for National Statistics said on Tuesday. Sterling rose to $1.5669 after the data, from $1.5648 beforehand. The euro pared gains to trade at 79.81 pence, still up 0.2 percent on the day. Gilt futures rose 3 ticks to a day's high of 116.84 before retreating to trade around 116.76, up 26 ticks on the day. Copyright Reuters, 2014 ...

Rouble edges lower in early trade MOSCOW: Russia's rouble edged lower in early trade on Tuesday, losing ground against both the dollar and the euro as oil prices hovered near a four-year low. At 0706 GMT, the rouble was 0.14 percent weaker against the dollar at 47.17 and lost 0.14 percent to trade at 58.85 versus the euro. Copyright Reuters, 2014 ...
Sterling struggles as investors push rate hike bets back further LONDON: Sterling hit a two-month low against a basket of currencies on Monday as investors pushed back even further their expectations of when interest rates will rise amid concern about persistently low inflation.Britain's biggest bank, HSBC, said on Monday that it had shunted back its prediction of when rates would increase by a whole year -- from the first quarter of 2015 to early 2016 -- in one of the biggest forecast changes in recent ...
Turkish lira firmer, shares eke out gains as oil price falls ISTANBUL: Turkey's lira firmed up and shares eked out gains on Monday, supported by a fall in the price of oil that helps keep down the country's energy import bill.Investors were turning their attention to the central bank's monthly rate-setting meeting on Thursday, at which economists forecast no change in interest rates in view of high inflation.The lira was firmer at 2.2273 by 1130 GMT from 2.2350 against the dollar late on Friday, while the ...
Yen holds ground after shock Japan GDP slide LONDON: The yen recovered from seven-year lows against the dollar on Monday but remained under pressure having sunk across the board after shock data showed Japan's economy slipping back into recession.The yen normally tends to rise as Tokyo's stock market falls and that logic dragged the yen steadily higher as the Nikkei index sank 3 percent in the hours following gross domestic product numbers showing a 1.6 percent annualised fall.But the third-quarter data was so ...
Russian rouble weakens on falling oil, fears of more EU sanctions MOSCOW: The Russian rouble weakened on Monday morning, dragged down by falling oil prices and fears of new European Union sanctions against Russia.At 0955 GMT the rouble was down 0.3 percent against the U.S. dollar at 47.31, and 0.1 percent weaker at 59.10 against the euro.The price of oil, Russia's major export, softened on Monday following a rally on Friday, with Brent down over $1 at just over $78 a barrel after the International Energy ...
Sterling weakens, eyes 14-month low vs dollar LONDON: Sterling slipped towards 14-month lows against the dollar and traded near a one-month low against the euro on Monday, with investors adding to bearish bets as British rate hike expectations continued to be pushed back, traders said.At the weekend, Bank of England Governor Mark Carney and chief economist Andy Haldane expressed their concerns on low inflation.Haldane said he is watching "like a dove" for signs that expectations of very low inflation in Britain could ...


Index Closing Chg%
Arrow DJIA 17,827.75 0.07
Arrow Nasdaq 4,787.32 0.61
Arrow S&P 2,072.83 0.28
Arrow FTSE 6,729.17 0.03
Arrow DAX 9,915.56 0.55
Arrow CAC-40 4,373.42 0.20
Arrow Nikkei 17,383.58 0.14
Arrow H.Seng 24,111.98 1.12
Arrow Sensex 28,386.19 0.17

Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln