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Euro falls below 1999 launch rate as QE door seen left open LONDON: The euro fell below its 1999 launch rate against the dollar for the first time in over nine years on Wednesday after an adviser to Europe's highest court said an ECB bond-buying programme was legal under certain conditions. As investors worried about global growth, the safe-haven yen rose to a 2-1/2-month high against Europe's common currency and a one-month high versus the dollar.The euro fell against the dollar following the adviser's opinion, hitting a nine-year low of $1.1728, down 0.3 percent on the day and below the psychologically important $1.1747 level at which the single currency first traded on Jan. 4, 1999. The advocate general of the European Court of Justice, Pedro Cruz Villalon, advised judges to approve the European Central Bank's so-called OMT programme -- a stimulus measure initially launched in 2012 -- on condition the ECB was not directly involved in an assistance programme for countries that ...

Ruble down around 5pc against dollar on back of falling oil price MOSCOW: The Russian ruble on Tuesday plunged by around 5 percent against the dollar as global oil prices tumbled towards a six-year low. By 1345 GMT the dollar was up to 66.35 against the ruble from 63.17 Monday evening, while the euro was at 78.15 to the ruble from 74.68. Stocks in the oil exporting nation were also hit, with Russia's RTS index down by 3.91 percent. Russia's national currency has lost some 16 percent ...
Yen near 1-month high vs dollar as oil rout sours risk sentiment LONDON: The yen hit a one-month high against the dollar on Tuesday, buoyed by steady demand for safe-haven assets against a backdrop of plunging oil prices that has triggered worries about global growth.In Europe, the focus will be on the pound ahead of UK inflation data. Britain's consumer price index (CPI) is forecast to have eased to 0.7 percent in December, hit by an almost 20 percent monthly fall in the price of oil.A drop ...
Oil hammers Russia, Gulf; fuels deflation fears in central Europe LONDON: The rouble tumbled more than 3 percent on Tuesday as oil prices slid and expectations grew of an imminent ratings downgrade to junk for Russia, while deflationary pressures pushed central European currencies lower.Brent and U.S. cude futures fell to near six-year lows, down 60 percent since June, a blow for oil exporters Russia, Saudi Arabia and Malaysia.Saudi, Qatari and Dubai shares fell more than 1 percent, while Russia's dollar-denominated index slumped 2.7 percent. Losses ...
Sterling falls as UK inflation hits lowest since 2000 LONDON: Sterling fell on Tuesday after data showed UK inflation tumbling to its lowest in more than 14 years in December, leaving the Bank of England under little pressure to begin raising interest rates any time soon.Reflecting a slide in global oil prices, consumer price inflation halved to an annual 0.5 percent in December from 1.0 percent in November. Economists taking part in a Reuters poll had expected inflation to fall to 0.7 percent.That bolstered ...
Sterling struggling near recent lows after UK inflation drop LONDON: Sterling fell towards an 18-month low against the dollar on Tuesday, after data showed British inflation at its lowest since 2000, bolstering expectations that the Bank of England will keep interest rates suppressed for longer.The dollar also reversed earlier losses against the safe-haven yen after European stocks moved higher and Wall Street futures edged up, leaving the dollar index 0.3 percent higher at 92.275.The euro fell below $1.1800, dragged down by expectations that the ...
Bonds yields fall, Romanian CPI fuels rate cut bets BUDAPEST/BUCHAREST: Romanian government bond yields fell to record lows on Tuesday as a drop in the country's inflation heightened expectations monetary policy would continue to ease in Central Europe.Prices are barely rising or actually falling in Europe's main economies, and the prospect of bond buying by the European Central Bank is weighing on Central European interest rates.Romanian figures showed the annual inflation rate slowed to 0.8 percent in December from 1.3 percent in November. That ...


Index Closing Chg%
Arrow DJIA 17,652.60 0.79
Arrow Nasdaq 4,757.88 0.16
Arrow S&P 2,051.82 0.55
Arrow FTSE 6,832.83 0.53
Arrow DAX 10,649.58 2.05
Arrow CAC-40 4,640.69 1.93
Arrow Nikkei 17,511.75 1.05
Arrow H.Seng 24,850.45 1.34
Arrow Sensex 29,278.84 0.94

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 22, 2015
Reserves $10.331 bln