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Currencies under pressure, stocks hit multi-year lows LONDON: Some major emerging currencies took a breather on Wednesday after a bruising few days, but many smaller ones were still suffering, while stocks hit fresh multi-year lows on reverberations from the weakening yuan. Russia's rouble ended six straight days of losses to gain 0.2 percent against the dollar, while South Africa's rand matched those gains following the rout across emerging market currencies sparked by China's yuan devaluation last Tuesday. A weaker dollar provided some support, as the greenback snapped a four-day winning streak, with investors jittery before US inflation data and minutes of the Federal Reserve's last policy review. Investors are still fretting over the health of the world's second largest economy as mainland China shares went on a wild ride, tumbling more than 5 percent before soaring again to close higher after state-backed buyers rushed into the market. "Despite drastic measures (by Chinese policymakers) to support the market ...

Turkish lira hits fresh record on renewed worries on political pressure ISTANBUL: Turkey's lira plumbed a new record low against the US dollar on Wednesday, after a central bank presentation failed to assuage investors concerns about its appetite to defy political pressure and lift rates. A day after the bank kept its rates steady on Tuesday, it told economists in a presentation that it had started to raise its policy rate in line with the US Federal Reserve's hikes, reflecting the impact of political pressure from ...
Dollar edges down as traders await Fed lift-off signal LONDON: The dollar edged down across the board on Wednesday, with investors cautious ahead of US inflation data and minutes from the Federal Reserve that could signal whether the central bank is on track to raise interest rates next month. As an erratic Chinese stock market stoked fears about the stability of the world's second-largest economy, investors sought refuge in the safe-haven Swiss franc, which hit its highest level for almost two weeks against the ...
Rouble, ringgit, lira and shekel keep FX rout rumbling LONDON: An emerging market rout kept Russia's rouble, Malaysia's ringgit, Turkey's lira and Israel's shekel under fire on Monday, as another 1 percent drop for EM stocks left them at an almost four-year low.The shockwaves from last week's devaluation of China's yuan were starting to fade but there was plenty to worry investors elsewhere.A surge in fighting between Ankara and Kurdish militants, fears of snap elections and a central bank meeting on Tuesday helped send ...
Dollar strengthens as markets shake off yuan scare LONDON: The dollar rose against a basket of currencies for a third trading day running on Monday, as worries about a China-led "currency war" abated and traders focused instead on the prospect of higher US interest rates.The dollar index hit a one-month low last week after the People's Bank of China unexpectedly devalued the yuan, dampening expectations that the Federal Reserve will raise interest rates in September. But after the PBOC set the yuan slightly ...
Dollar bounces back as China calms ‘currency war’ jitters LONDON: The dollar recovered from a one-month low against the euro on Thursday as the yuan's decline slowed, easing worries that China's decision to devalue its currency was a deliberate attempt to gain a competitive advantage.The biggest move among major currencies came in Europe on Thursday: a 1.6 percent rise in the Swedish crown to a nine-day high of 9.4570 crowns per the euro, after Sweden reported better-than-expected inflation data.That left the crown on track ...
Yuan slide seen adding to StanChart's Asian challenges LONDON: Already faced with a battle to revive the fortunes of banking group Standard Chartered , new Chief Executive Bill Winters is now confronted with another challenge in the shape of China's yuan devaluation. Just over a week after Winters outlined his plans to revive the bank after a slump in profits, analysts say his turnaround efforts could be hampered by the yuan devaluation which threatens to increase bad debts in Asia and weaken other ...


Index Closing Chg%
Arrow DJIA 17,084.49 0.20
Arrow Nasdaq 4,830.47 0.41
Arrow S&P 2,014.89 0.07
Arrow FTSE 6,416.16 0.65
Arrow DAX 10,096.60 1.04
Arrow CAC-40 4,701.39 0.54
Arrow Nikkei 18,438.67 1.64
Arrow H.Seng 22,458.80 0.46
Arrow Sensex 27,079.51 0.87

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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 08, 2015
Reserves $20.05 bln