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Global growth worries buffet sterling in wake of G20 LONDON: Sterling dipped against the euro on Monday but was steadier against the dollar after a weekend summit of financial leaders that raised more questions about how fast U.S. and UK interest rates can rise amid a global struggle for growth.Money market rates have already shown investors backing off the expectations of a Bank of England rate hike this year that drove sterling to a six-year peak against the dollar in July.Concerns that the euro zone may be moving towards another recession and potentially a more extended vicious cycle of ultra-low inflation and economic stagnation are also bolstering the argument of those saying rates will not rise until the second half of 2015.Sterling was a third of a percent weaker against the euro, trading at 78.79 pence per euro. It was less than 0.1 percent higher against the dollar at $1.6087."I think the Bank of England will still raise rates ...

Yen in demand as global growth worries dampen risk appetite LONDON: The yen rose to a one-month high against the dollar and traded near 11-month peaks against the euro on Monday, as investors turned cautious on concerns about the health of the global economy.European stocks opened lower and German Bunds moved higher, accentuating regional flows towards safer currencies like the yen and the Swiss franc after rating agency S&P on Friday downgraded Finland and cut its outlook on France.With market holidays in Tokyo and New ...
Russia's rouble opens slightly stronger vs dollar MOSCOW: Russia's rouble opened slightly stronger against the US dollar on Monday but continued to lose ground against the euro, leaving it close to the level at which the central bank steps in to defend the currency. At 0608 GMT, the rouble was 0.14 percent stronger against the dollar at 40.27 but lost 0.42 percent to trade at 51.05 versus the euro. That left the currency 0.16 percent weaker at 45.13 against the dollar-euro basket ...
Russia's rouble spirals lower as central bank interventions top $3bn MOSCOW: Russia's rouble plunged again on Friday, and traders said the central bank intervened heavily to slow its slide, as oil prices dropped and Russian companies locked out of international capital markets drove demand for dollars. The central bank says it has spent $3.3 billion defending the rouble between last Friday and Wednesday, but the total amount over the past week is likely to be far larger since it releases its intervention data with a ...
Dollar set to end record-breaking run after Fed flags concerns LONDON: The dollar fell against the yen on Friday, and was on course for its first weekly drop in three months against a basket of currencies after Federal Reserve policymakers expressed concerns about the impact of the greenback's strength. Global growth worries, which sent stocks and commodities down across the board, saw the safe-haven yen hit a five-week high against the euro. The drop in oil prices to a four-year low below $90 took its ...
Sterling tops $1.62 after dollar retreat, BoE next LONDON: Sterling rose above $1.6200 for the first time in a week on Thursday, extending overnight gains in early European trade after the U.S. Federal Reserve fired a warning shot about the dollar's three-month march higher.Sterling gained another 0.2 percent compared to Wednesday's U.S. close at $1.6208 and was up almost 2 full cents compared to prices late in the previous session in Europe.The pound was suffering against the euro, however, the single currency trading ...
Dollar hits 3-week low vs yen as dovish Fed minutes take a toll LONDON: The dollar fell to a three-week low against the yen on Thursday as investors cut favourable bets after minutes of the Federal Reserve's last meeting prompted many to push out expectations for the likely timing of an interest rate rise.U.S. Treasury yields and the implied rates on Fed fund futures retreated sharply on word of the minutes, with the market not seeing any appreciable rise in the Fed's target rate until around September 2015, ...

 



 
Index Closing Chg%
Arrow DJIA 16,677.90 1.32
Arrow Nasdaq 4,452.79 1.60
Arrow S&P 1,950.82 1.23
Arrow FTSE 6,419.15 0.30
Arrow DAX 9,047.31 1.20
Arrow CAC-40 4,157.68 1.28
Arrow Nikkei 15,138.96 0.37
Arrow H.Seng 23,333.18 0.30
Arrow Sensex 26,851.05 0.24





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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 23, 2014
Reserves $13.465 bln