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Sterling surges to 7-year high against euro after shock SNB move LONDON: Sterling hit a seven-year high against a battered euro on Thursday after the Swiss National Bank's shock decision to scrap its three-year-old cap on the franc's value against the euro left currency investors reeling. The SNB has been a major buyer of euros and had stepped up its foreign exchange intervention in the past few weeks as it defended its 1.20-francs-per-euro cap in order to prevent the Swiss currency from appreciating. But with the cap abandoned, a big support for the euro -- it has very few of those left -- has gone. As the euro touched an 11-year low against the dollar , it fell to a seven-year trough versus the pound at 77.32 pence, leaving the single currency down 1.3 percent against sterling - its biggest daily fall in over a year. "A large buyer of the euro is now not buying any more," said Alvin Tan, ...

Polish currency tumbles against Swiss franc over mortgage worries WARSAW: The Polish currency tumbled against the Swiss franc on Thursday and spread panic among homeowners after Switzerland's central bank ended its bid to artificially hold down the value of its currency against the euro. Some 700,000 Polish households hold mortgage loans in Swiss francs. Poland's zloty currency fell by nearly 20 percent against the Swiss franc Thursday at mid-day.Copyright AFP (Agence France-Presse), 2015 ...
Swiss franc up 15 percent after SNB abandons cap LONDON: Switzerland's franc soared by 15 percent on Thursday after the Swiss National Bank abandoned its three-year-old cap against the euro, sending a shockwave through major currency markets.The euro sank by as much as 30 percent, past the 1.20 francs per euro cap to 0.8052 francs within minutes of the SNB's announcement, and broader concerns about the shared currency sent it to its weakest in 11 years against the dollar.One of London's slew of retail ...
Swiss franc leaps 15 percent after SNB abandons cap on currency LONDON: The Swiss franc soared by 15 percent on Thursday after Switzerland's central bank scrapped its three-year-old cap against the euro, sending a shockwave through currency markets.The euro plunged as much as 30 percent below the 1.20 cap to 0.8500 francs per euro at one point before rebounding to roughly 1.02 francs. Broader concerns about the euro sent it to its weakest in 11 years against the dollar.One of London's slew of retail trading platforms, ...
Sterling at 7-year high vs euro, 3-year low against Swiss franc LONDON: Sterling hit a seven-year high against a struggling euro on Thursday after the Swiss National Bank surprised investors by abandoning its three-year-old cap on the franc's value against the euro, sending a shockwave through major currency markets.The SNB has been a big buyer of the euro, having stepped up its intervention in the past few weeks to defend the cap at 1.20 franc per euro and prevent the Swiss franc from appreciating.With the cap ...
Russian rouble firms as oil rallies, Kremlin ups verbal support MOSCOW: The rouble firmed on Thursday, tracking the performance of global oil prices, with investors remaining nervous, however, at the prospect of Russia's sovereign debt being downgraded to 'junk' status.At 1440 GMT the rouble was around 0.4 percent stronger at 64.47 to the dollar, and was also 1.4 percent firmer against the euro at 75.21.The rouble often takes its lead from prices for oil, one of Russia's chief exports, and crude rallied on dollar weakness. ...
Russian rouble falls back as oil renews retreat MOSCOW: Russia's rouble weakened on Thursday as global oil prices resumed their slide and investors were nervous at the prospect of Russia being downgraded to 'junk' status.At 0840 GMT the rouble was around 1 percent weaker against the dollar at 65.43 and was also 1 percent weaker against the euro at 77.08.The rouble often takes its lead from prices for oil, one of Russia's chief exports, and Brent crude fell over 2 percent on Thursday ...

 



 
Index Closing Chg%
Arrow DJIA 17,409.00 1.31
Arrow Nasdaq 4,683.41 0.98
Arrow S&P 2,017.30 0.95
Arrow FTSE 6,810.60 0.22
Arrow DAX 10,737.87 0.25
Arrow CAC-40 4,631.43 0.44
Arrow Nikkei 17,606.22 1.06
Arrow H.Seng 24,595.85 1.07
Arrow Sensex 29,681.77 0.41






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyNovember
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln