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Sterling sinks to 10-month low on Scotland poll shock LONDON: Sterling dived to its lowest in nearly 10 months against the dollar on Monday after an opinion poll for the first time showed Scotland was ready to vote to break up its three-century-old union with the rest of the United Kingdom.With just 10 days to go before the referendum, a YouGov survey for the Sunday Times newspaper put the "Yes" to independence campaign at 51 percent against the "no" camp at 49 percent.Until a week ago, the risk of the Scots departing had been regarded by financial markets and London-based authorities as unlikely. Leaders of Britain's main political parties were scrambling to respond by promising a range of new powers for Scotland if it chooses to stay within the United Kingdom.Sterling sank more than 1 percent - its most in 13 months - to trade at $1.6145 against the dollar in early European deals. It was also almost 1 ...

Sterling reels after poll shows Scots ready to split LONDON: Sterling sank by the most in more than a year on Monday after a poll predicted for the first time this year that Scotland will vote for independence, prompting the biggest surge in market volatility since Britain's last general election.Currency markets have been rushing since the start of last week to price in the risk - previously all but disregarded - that Scots might vote for independence in a Sept. 18 referendum.A YouGov survey ...
Bets against pound, cost of hedging rise on nerves over Scotland LONDON: The cost of hedging against near-term currency swings from a possible "Yes" vote at Scotland's independence referendum jumped on Monday, with the options market showing its greatest bias for sterling weakness against the dollar in more than two years.With less than two weeks to go, a YouGov survey for the Sunday Times put the "Yes" to independence campaign at 51 percent against the "No" camp at 49 percent, overturning a 22-point lead for the ...
Russian rouble trades at comfortable level SOCHI: The Russian rouble is trading at a comfortable level inside its trading corridor, Central Bank First Deputy Governor Ksenia Yudayeva said on Friday. The Russian central bank keeps the rouble in a trading range against a dollar-euro basket and intervenes when the rouble reaches either edge of the band. The band is currently set at 35.40-44.40 roubles per basket. "The rouble is trading now at a comfortable level inside its trading corridor," Yudayeva told ...
No respite for euro after ECB jolt, yen hits 6-year low LONDON: The euro struggled to regain a footing on Friday after suffering its biggest daily fall in almost three years on the back of a surprise cut in official euro zone interest rates. The single currency plummeted 1.6 percent on Thursday to a 14-month low of $1.2920 after the European Central Bank cut rates to new record lows and launched an asset purchase programme to ward off deflation. Upbeat data from Germany on Friday, showing ...
Euro hurt, drops to 14-month low after ECB cuts interest rates LONDON: The euro fell broadly to hit a 14-month low against the dollar on Thursday, after the European Central Bank cut interest rates to ward off the threat of deflation, catching many investors by surprise.It also fell towards 21-month lows against the Swiss franc of 1.2053 francs, piling on pressure on the Swiss National Bank to respond by either intervening in the foreign exchange market or by imposing negative rates or lifting its three-year old ...
Euro plunges after ECB cuts rate, announces asset purchases LONDON: The euro slumped to less than $1.30 dollars on Thursday after the European Central Bank surprised markets with a rate cut, and said it would launch an asset-buying programme to ward off deflation.The euro fell to the lowest levels for more than a year against the dollar, down to $1.2996, the lowest since July 15, 2013 and the first time below $1.30 since that date.Copyright AFP (Agence France-Presse), 2014 ...


Index Closing Chg%
Arrow DJIA 17,055.87 0.68
Arrow Nasdaq 4,508.69 0.42
Arrow S&P 1,982.77 0.58
Arrow FTSE 6,676.08 1.44
Arrow DAX 9,595.03 1.58
Arrow CAC-40 4,359.35 1.87
Arrow Nikkei 16,205.90 0.71
Arrow H.Seng 23,837.07 0.49
Arrow Sensex 26,775.69 1.58

Banking Review 2013

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 18, 2014
Reserves $13.525 bln