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Euro dives under $1.12 as ECB officials signal further action LONDON: The euro dived back below $1.12 on Tuesday after European Central Bank officials said the bank could take further action to lower euro zone bond yields and boost inflation, potentially flooding the market with yet more euros.Sterling also skidded, shedding over 1 percent to fall below $1.55 after data showed British inflation fell into negative territory last month for the first time since 1960.ECB Executive Board member Benoit Coeure said the bank would buy more securities in May and June due to low market liquidity in July and August. He also said the recent European government bond market selloff was a normal correction but he was worried by how fast it had happened.The comments, while carefully worded, come after a month of rises in German bond yields and the euro that thwart the main ways in which the central bank's 1 trillion euros of quantitative easing (QE) aims to ...

Sterling falls back after consumer prices drop LONDON: Sterling sank below $1.56 on Tuesday, hitting a one-week low as the dollar rebounded and data showed UK consumer prices fell last month from a year ago, the first annual decline since 1960.Two days of gains for the dollar, on its worst run in four years since mid-April, have curbed a rally for sterling that followed a victory for Prime Minister David Cameron's Conservatives at elections on May 7.The market broadly favours Cameron, but ...
Sterling falls vs dollar as post-election shine starts to wear off LONDON: Sterling fell against a broadly stronger dollar on Monday, losing some of its post-election shine as investors focused on the risks of a looming referendum on Britain's EU membership and new government spending cuts.The pound posted its best performance in six years against the dollar in the last two weeks, surging after the pro-business Conservative party unexpectedly triumphed in Britain's parliamentary election on May 7, winning an outright majority for the first time in ...
Turkish lira makes biggest weekly gain against dollar in 3-1/2 years ISTANBUL: Turkey's lira jumped 4 percent against the dollar this week, its biggest weekly gain for 3-1/2 years, on expectations the ruling AK Party could form a government on its own after a June vote, though without enough seats to change the constitution. Still, the lira is down 10 percent this year, the worst performing major emerging market currency after Brazil's real, on dollar gains and worries about the election outcome and political meddling in ...
Currencies jump, regional growth beats euro zone BUDAPEST/WARSAW: Central European currencies strengthened on Friday after first-quarter Czech and Polish economic output figures confirmed that growth in the region outpaced the euro zone.Regional currencies and government bonds also benefited from a continuing rebound in bonds in developed markets after weeks of price falls which also spilled over into EU emerging markets.A renewed sell-off could prompt another fall in regional assets although the output data is buoying sentiment for now, traders said.The Czech crown ...
Sterling heads for strongest fortnight vs dollar in six years LONDON: Sterling hovered near a 5-1/2-month high against the dollar on Friday, still riding a post-election rally that has left it on track for its best fortnightly performance against the greenback in six years. Investors had for months worried that no party would win a majority in last Thursday's UK parliamentary election, which could have led to weeks of policy uncertainty until a coalition emerged. But that risk evaporated when the Conservatives won an outright ...
Sterling hits 5 1/2-month high against struggling dollar LONDON: Sterling hit a 5 1/2-month high on Thursday against a dollar weakened by worries about the U.S. economy, marking the fifth day of gains for the pound since the Conservatives were voted back into government.Sterling had earlier been boosted by comments by Bank of Enlgland Governor Mark Carney, who said, when asked in a BBC interview if interest rates were likely to be higher by this time next year, "It's possible, but it depends ...


Index Closing Chg%
Arrow DJIA 17,730.11 0.16
Arrow Nasdaq 5,009.22 0.08
Arrow S&P 2,076.78 0.03
Arrow FTSE 6,585.78 0.67
Arrow DAX 11,058.39 0.37
Arrow CAC-40 4,808.22 0.57
Arrow Nikkei 20,539.79 0.08
Arrow H.Seng 26,064.11 0.83
Arrow Sensex 28,092.79 0.53

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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 $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 01, 2015
Reserves $18.5 bln