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Russian rouble edges higher; market awaits payrolls MOSCOW: Russia's rouble edged higher early on Thursday, reversing some of its losses from the previous session, as traders switched focus from Greece's debt crisis to US data later in the day.At 0740 GMT, the rouble was around 0.5 percent stronger against the dollar at 55.57 and 0.4 percent higher at 61.43 versus the euro.Market volumes were relatively thin as Russia starts to enter the holiday season when many traders are away from their desks.The rouble has been hurt in recent days by investor risk aversion linked to Greece's missed debt repayment to the International Monetary Fund, as well as continuing central bank forex purchases to replenish the country's reserves. Those factors have been countered, currency dealers say, by forex sales by exporters, who are selling dollars throughout the month, rather than just during the end-of-month tax period.The Russian currency could be pressured later in the session by US data ...

Euro dips as officials strive to head off Greek exit LONDON: The euro dipped on Wednesday, buffetted by a flurry of reports on new concessions made by Greece to its European creditors and the chances those might lead to a deal that prevents it becoming the first country to crash out of the single currency. In a feverish morning, Prime Minister Alexis Tsipras' latest proposals sent European stock markets higher but, in line with an often contradictory performance over the past month, the euro quickly ...
Sterling drops after UK manufacturing PMI survey misses forecasts LONDON: Sterling fell against the dollar and the euro on Wednesday, after data showed British manufacturing growth unexpectedly slowed to its weakest rate in more than two years in June. The Markit/CIPS manufacturing purchasing managers' index (PMI) fell to 51.4, below a Reuters poll that had predicted a slight improvement to 52.5 though still above the 50 mark that separates growth from contraction. Sterling dropped to $1.5640, down 0.5 percent on the day, from around ...
Sterling hits highest in more than seven years on safe-haven appeal LONDON: Sterling hit a 7 1/2-year high against the euro on Monday as investors veered towards currencies perceived to be a safe haven after Greece imposed capital controls.The pound fell from those highs in afternoon trade but was still firmer on the day, with traders citing intervention by the Swiss National Bank as one reason the euro was recovering. And while there was little panic across markets, most traders said any bounce in the euro ...
Euro down but showing few signs of panic over Greece LONDON: The euro proved broadly resilient on Monday to Greece's moving one step closer to an exit from the single currency, helped by intervention by the Swiss National Bank and investors concluding that the situation in Athens still has some way to run. Greece looks virtually certain to miss a debt repayment to the IMF on Tuesday as the country's European partners shut the door on extending a credit lifeline after Athens announced a referendum ...
Sterling index hovers near seven-year high, rate outlook helps LONDON: Sterling hovered near a seven-year high against a trade-weighted basket of currencies on Thursday as investors grew more confident that the Bank of England could start raising interest rates sooner than many had been anticipating.The pound rose 0.2 percent against the dollar to $1.5733, while against the euro it gained around a third of a percent to 71.14 pence.The euro had fallen to a four-week low of 70.805 pence on Tuesday, and worries about ...
Swiss franc falls on SNB warning shot; euro treads water LONDON: The Swiss franc fell to a 10-day low against a broadly flat euro on Thursday, after the head of the Swiss National Bank said it was "considerably over-valued" and that the SNB would continue to intervene in currency markets. As talks between debt-laden Greece and its creditors ground on with no clear sign that a deal was on the table, the euro bounced around a little against the dollar in choppy trade, but stayed ...


Index Closing Chg%
Arrow DJIA 17,745.98 0.03
Arrow Nasdaq 5,128.79 0.33
Arrow S&P 2,108.63 0.01
Arrow FTSE 6,668.87 0.57
Arrow DAX 11,257.15 0.40
Arrow CAC-40 5,046.42 0.58
Arrow Nikkei 20,522.83 1.08
Arrow H.Seng 24,497.98 0.49
Arrow Sensex 27,705.35 0.51

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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln