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Emerging assets rally on Ukraine deal; naira the outlier LONDON: Russian assets rallied on Thursday after a ceasefire was agreed for eastern Ukraine, with other emerging-market currencies also rising off the multi-year lows they hit the day before.Leaders of Ukraine, Russia, Germany and France, as well as pro-Russian separatists fighting government forces in east Ukraine, put together the ceasefire deal, following 16 hours of talks in Minsk. It takes effect on Feb 15.If successful, the ceasefire offers hope for economic recovery in Ukraine. It may also keep the West from extending sanctions on Russia over its role in the conflict.The rouble firmed 0.7 percent. Russian stocks and bonds saw larger gains.Russia's dollar-denominated equity index jumped 6 percent . Its March 2030 sovereign Eurobond, one of the most traded emerging-market issues, rallied more than two cents in the dollar to 106.4, a six-week high, according to Tradeweb.The 2020 bond firmed 1.6 cents. Russia's bond yield spread over U.S. Treasuries narrowed ...

Currencies, bonds fall on worries over Greece, Ukraine BUDAPEST: Central European assets fell on Wednesday before talks on Ukraine and a meeting of euro zone finance ministers to discuss Greek claims for a new deal on its debt.Hungary's forint also suffered after data showed the country's consumer price index fell an annual 1.4 percent in January, more than the 1.2 percent forecast by analysts, as the cost of fuel and household energy dropped.The figures fuelled expectations that Hungary's central bank would cut interest ...
Euro drifts lower with focus on Greek debt talks LONDON: The euro eased on Wednesday ahead of a euro group finance ministers' meeting that is set to discuss Greece, with failure to find common ground about the country's debt burden set to keep investors edgy and price action choppy.The dollar, meanwhile, hit a one-month high against the yen, bolstered by a rise in Treasury yields. Trade was thin, though, with Japanese markets closed for a public holiday.In Europe, Greek Finance Minister Yanis Varoufakis attends ...
Russian rouble weaker before Ukraine peace summit MOSCOW: The Russian rouble fell on Wednesday before talks aimed at bringing an end to fighting in eastern Ukraine, with analysts predicting volatile trading.At 0840 GMT, the rouble was 1.3 percent weaker against the dollar at 66.23 and 1.2 percent down at 74.96 versus the euro.Russia, Ukraine, France and Germany are to hold a summit in Belarus on Wednesday under a new Franco-German initiative to halt fighting in a war that has killed more than ...
Sterling hits 7-year high vs euro LONDON: Sterling rose to its strongest against the euro since January 2008 in early trade on Wednesday, helped by a slightly stronger run of data that has prompted investors to bring back in bets for a rise in Bank of England rates to next February.A number of major banks have recommended selling sterling against the dollar in the past two weeks but the currency has proved fairly resilient, resisting a push below $1.50.On Wednesday, it ...
Sterling hits seven-year high vs euro LONDON: Sterling rose to its strongest against a basket of currencies since the height of the 2008 financial crisis on Wednesday, extending a bullish run since the end of January in the face of calls for it to weaken.Manufacturing numbers on Tuesday were the latest in a robust data series that has underlined Britain's better performance on growth than most of Europe, prompting investors to wind back in bets for a rise in Bank of ...
Nigeria's naira leads emerging market losses LONDON: The naira fell 2 percent on Wednesday and currency forwards priced in more devaluation to come as Nigeria's political and security crisis escalates, while other emerging markets also retreated in face of a stronger dollar.The naira is down more than 10 percent against the dollar this year despite repeated central bank interventions, weighed on by the postponement of Feb. 14 elections, weak oil prices and an Islamist insurgency. Standard and Poor's on Tuesday placed ...

 



 
Index Closing Chg%
Arrow DJIA 18,288.63 0.86
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Arrow FTSE 6,940.64 0.09
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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyDecember
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln