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ECB's Visco helps euro recover, eyes on Fed LONDON: The euro found a foothold in early European deals on Monday, bolstered by concerns expressed by Italy's central bank governor about the pace of its fall as the European Central Bank launched quantitative easing.Ignazio Visco, also a member of the ECB Governing Council, told a conference on Saturday that the euro had weakened faster than expected since the ECB first hinted at the programme of money-printing last year.After the first week of QE saw short-term German government bond yields sink deeper into negative territory and the euro slide another 3 percent, he said there were risks the programme could overshoot its goal, as well as fuel an excessive rise in asset prices.The euro gained around a third of a percent against the dollar in early deals, and analysts said another push higher for the greenback was unlikely ahead of the conclusion of a U.S. Federal Reserve policy meeting on ...

Eyes on dollar parity after brutal week for euro LONDON: The euro was back on the defensive on Friday after a rebound the day before that lifted it 1 cent above this week's 12-year lows against the dollar.Dealers and analysts said the recovery, helped by a fall in US February retail sales, looked temporary after eight days which have seen 5 percent knocked off the euro's value and taken the dollar past many banks' targets for the next year. US investment bank Goldman Sachs ...
Sterling pinned to 20-mth low vs dollar, BoE Carney's comments hurt LONDON: Sterling traded near its lowest in 20 months against the dollar on Friday and on track for its second straight week of losses, hurt by Bank of England Governor Mark Carney's comments that he was in no rush to raise interest rates.Those comments left some investors questioning whether the BoE would start to hike interest rates early next year, as is being expected currently.Governor Carney said on Thursday the recent strengthening in the pound ...
Russian rouble weaker vs dollar before central bank rate decision MOSCOW: The Russian rouble opened slightly weaker against the dollar on Friday, ahead of a central bank policy meeting later in the day at which the bank is expected to cut its main rate.At 0706 GMT, the rouble was around 0.5 percent weaker against the dollar at 61.51 but gained 0.2 percent to trade at 65.04 versus the broadly weaker euro .The central bank is seen cutting its key interest rate on Friday from its ...
Sterling weakens on BoE chief Carney's dovish comments LONDON: Sterling fell against the dollar on Thursday after Bank of England Governor Mark Carney signalled he was in no rush to raise interest rates, disappointing some investors who were positioning for a hike in early 2016.The pound rose against the dollar earlier after data showed that U.S. retail sales fell unexpectedly in February for a third straight month but Carney's comments drove it back towards 20-month lows in afternoon trade.Carney said he was in ...
Rouble firms on stronger oil, Putin, rate decision in focus MOSCOW: The Russian rouble firmed on Thursday, helped by rising oil prices, as investors waited for news about the health of President Vladimir Putin and a central bank rate decision on Friday.At 1511 GMT the rouble was about 1.1 percent stronger against the dollar at 60.94 and 0.4 percent stronger at 64.80 against the euro.Firming oil prices, with Brent crude rising towards $58 a barrel, and the weaker euro were the key drivers pushing up ...
Sterling hits 20-month low on dovish BoE chief Carney LONDON: Sterling hit its lowest against the dollar since July 2013 on Thursday after Bank of England Governor Mark Carney signalled he was in no rush to raise interest rates, disappointing some expectations of a hike in early 2016.Sterling fell to $1.4887, down 0.3 percent on the day against a dollar. The greenback was weaker versus most of the world's major currencies as it took a breather after scaling multi-year highs on Wednesday.The pound had ...


Index Closing Chg%
Arrow DJIA 17,678.23 0.23
Arrow Nasdaq 4,863.36 0.27
Arrow S&P 2,056.15 0.24
Arrow FTSE 6,895.33 1.37
Arrow DAX 11,843.66 0.18
Arrow CAC-40 5,006.35 0.29
Arrow Nikkei 19,471.12 1.39
Arrow H.Seng 24,497.08 0.13
Arrow Sensex 27,457.58 2.33

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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
WeeklyMarch 13, 2015
Reserves $16.273 bln