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Political risk weighs on sterling as UK election campaign begins LONDON: Sterling fell against the dollar on Monday, weighed down by political worries on the first official day of a national election campaign that looks set to finish with no party holding an outright majority.With parliament dissolved, Prime Minister David Cameron will go to Buckingham Palace to meet Queen Elizabeth later in the day, a formality marking the symbolic end of five years of coalition government between Cameron's Conservatives and the Liberal Democrats.In anticipation of the May 7 election, the outcome of which is the most uncertain in decades, the price of hedging against big price swings in sterling's exchange rate over the coming two months was driven to its highest in 3-1/2 years earlier this month.Britain's continued membership of the European Union hangs on the outcome, as does the future of the increasingly frayed balance of power between the United Kingdom and its most assertive constituent part, Scotland.Sterling was ...

Euro hurt by Greek uncertainty, dollar helped by rate outlook LONDON: The euro fell on Monday, hurt by uncertainty over whether Greece and its international creditors will be able to strike a deal that will help Athens secure funding before it runs out of money by April 20.Talks continued through the weekend on reforms to unlock loans and Athens sounded an upbeat tone, but the lenders said it could take several more days before a proper list of measures was ready.The dollar rose broadly, helped ...
Russia's rouble falls back on weaker oil and stronger dollar MOSCOW: The Russian rouble traded weaker early on Monday, eating into gains made in the past week, as lower oil prices and a stronger dollar weighed on the Russian currency.At 0733 GMT the rouble was around 1.1 percent weaker against the dollar at 58.57 and lost 0.7 percent to trade at 63.44 versus the euro.Brent crude oil, an important driver for all Russian assets, was trading 1 percent lower at around $55.80. The dollar was ...
Sterling inches down vs broadly stronger dollar, eyes on BoE LONDON: Sterling inched down against a broadly stronger dollar on Friday but was higher against the euro with traders' eyes glued to speeches by Bank of England officials for more guidance on a cloudy policy outlook.Policymakers' output will be traditionally restrained over the next six weeks as Britain heads into a closely-fought general election that has driven the cost of hedging against volatility in the pound to its highest in almost four years.Analysts have been ...
Gulf worries drive yen, Swiss franc higher against dollar LONDON: The dollar sank to a five-week low against the yen on Thursday, hit by the combination of another round of weaker-than-expected U.S. data and a bid for traditional safe havens by investors worried about stock markets and Gulf oil supplies.News that Saudi Arabia and its allies in the Middle East had launched air strikes against Iran-allied forces in Yemen, which sits on a key shipping passage between Europe and the Arab Gulf, dampened risk ...
Yen, franc surge on Saudi worries, dollar weakens LONDON: The dollar sank to a five-week low against the yen on Thursday, hit by the combination of another round of poor U.S. data and a bid for traditional safe havens by investors worried about stock markets and oil supplies out of the Middle East.News that Saudi Arabia and its Gulf Arab allies had launched air strikes against Iran-allied forces in Yemen quelled risk sentiment and led to a surge in oil prices. This offered ...
Sterling gains after UK retail sales beat expectations LONDON: Sterling rose to a one-week peak against the dollar and hit a day's high against the euro on Thursday after British retail sales data beat expectations.Retail sales rose 0.7 percent in February, from a month earlier, leaving them 5.7 percent higher on the year. Economists had expected a rise of 0.4 percent on the month and an increase of 4.7 percent on the year, adding to strong growth in sales at the end of ...


Index Closing Chg%
Arrow DJIA 17,826.30 1.54
Arrow Nasdaq 4,931.82 1.52
Arrow S&P 2,081.18 1.13
Arrow FTSE 6,994.60 0.93
Arrow DAX 11,688.70 2.58
Arrow CAC-40 5,143.26 1.55
Arrow Nikkei 19,652.88 1.17
Arrow H.Seng 27,653.12 0.31
Arrow Sensex 28,442.10 0.78

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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyApril 16, 2015
Reserves $16.818 bln