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Political worries dent sterling ahead of 7-way TV debate LONDON: Political worries continued to take centre-stage for sterling on Thursday, driving it lower as investors focused on a TV debate between Britain's party leaders later in the day.Prime Minister David Cameron will face off against six political rivals in the first and only full televised debate ahead of unusually close national elections on May 7.Neither Cameron's Conservatives nor Ed Miliband's Labour Party have a clear lead in the polls, while a possible referendum on Britain's EU membership, promised by the Conservatives, is adding to nervousness among investors.Data released on Thursday showed growth in Britain's construction industry slowed in March, although confidence hit a nine-year high.Sterling weakened to an intraday low of $1.4800 after the data from $1.4835 beforehand, leaving it down 0.1 percent against a broadly weaker dollar. The euro strengthened to 73.025 pence, up half a percent on the day."The data in the UK has been OK recently ...

Sterling dips after weaker-than-expected UK construction data LONDON: Sterling fell against the euro and dipped briefly versus the dollar on Thursday after data showed growth in Britain's construction industry slowed in March, hit by concerns about May's national elections.The monthly Markit/CIPS UK construction purchasing managers' index (PMI) fell to 57.8 last month after hitting a four-month high of 60.1 in February, though confidence surged to its highest in nine years.Sterling fell to an intraday low of $1.4815 after the data from $1.4835 ...
Dollar hurt by weak US data, helps euro trade above $1.08 LONDON: The dollar fell on Thursday, nursing losses amid fresh signs that the U.S. economy slowed significantly in the first quarter, which could delay the Federal Reserve's decision to begin raising interest rates.Benchmark treasury yields dropped and spreads between their European counterparts narrowed , with greater downside risks to Friday's key U.S. employment report expected after a weaker-than-forecast private sector jobs report on Wednesday. That should keep the greenback on the defensive, traders said.The dollar ...
Russian rouble extends gains in thin market MOSCOW: The Russian rouble extended gains on Thursday, helped by a modest retreat in the U.S. dollar on global markets and a strong rise in oil prices late on Wednesday.At 0750 GMT, the rouble was around 1.1 percent stronger against the dollar at 56.97 and was around 0.3 percent up on the euro at 61.77.Brent crude oil, a key driver for all Russian assets, was 0.4 percent down on the day at around $56.9 a ...
Sterling weakens as election jitters overshadow strong UK data LONDON: Political worries trumped good economic news on Wednesday, sending sterling down against the dollar and the euro, with investors growing increasingly jittery about next month's too-close-to-call British election.Data showing Britain's manufacturing sector grew at the fastest rate in eight months in March gave the pound little respite. By afternoon trade, it was down 0.2 percent against the dollar at $1.4790 and 0.3 percent lower against the euro at 72.635 pence per euro.Attention is swinging ...
Russian rouble edges down, Iran talks in focus MOSCOW: The Russian rouble eased on Wednesday, reflecting uncertainties about how the outcome of talks over Iran's nuclear programme may impact the oil price.At 0850 GMT, the rouble was 0.4 percent weaker against the dollar at 58.45 and down a similar amount at 62.67 versus the euro.The rouble has rallied in recent weeks, hitting a 2015 high of 56.04 against the dollar on March 26, helped by end-of-month taxes which require exporters to convert foreign ...
Sterling slips as political worries overshadow strong UK data LONDON: Political worries trumped good economic news for sterling on Wednesday, sending it down against the dollar and the euro ahead of a seven-way TV debate between Britain's party leaders the following day.Data showing Britain's manufacturing sector grew at the fastest rate in eight months in March gave the pound only brief respite. By 1005 GMT it was trading half a percent lower against the dollar at $1.4744.The latest opinion polls before Britain's May 7 ...

 



 
Index Closing Chg%
Arrow DJIA 18,037.97 0.23
Arrow Nasdaq 5,060.25 0.63
Arrow S&P 2,108.92 0.41
Arrow FTSE 7,103.98 0.47
Arrow DAX 12,039.16 1.93
Arrow CAC-40 5,268.91 1.30
Arrow Nikkei 19,983.32 0.18
Arrow H.Seng 28,433.59 1.33
Arrow Sensex 27,176.99 0.95





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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln