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Russian rouble weakens to 45 against dollar for first time MOSCOW: The Russian rouble weakened to 45 against the U.S. dollar for the first time in history on Wednesday, following a decision by the Russian central bank to limit its daily interventions.The rouble hit a record low of 45.02 against the dollar. By 1510 GMT it had recovered slightly to 44.82, still down 2.8 percent on the day.Earlier on Wednesday the central bank said that it would limit its interventions to $350 million a day, a step which analysts said effectively amounts to a float of the currency. Copyright Reuters, 2014 ...

Dollar up after US elections, euro weakness to test SNB's floor LONDON: The dollar rose to a seven-year high against the Japanese yen on Wednesday after a victory by Republicans in the United States' mid-term elections raised hopes for an easing of political gridlock in Washington, boosting sentiment for riskier assets.The euro's struggles continued, though, a day ahead of a European Central Bank meeting, and it hit a two-year low against the Swiss franc. The euro fell to a low of 1.2033 francs , not far ...
Australian dollar falls to more than four-year low LONDON: The Australian dollar fell to its lowest in more than four years against a broadly higher U.S. dollar, hurt by lower commodities and after yet another soft survey from China where the HSBC PMI for the services sector slipped to 52.9 in October.The Aussie fell to $0.8612, its lowest since mid-2010 and down 1.4 percent on the day.So bearish is the sentiment towards the Australian dollar, the struggling euro also rose 0.9 percent, to ...
Sterling hits 1-year low as services survey adds to economy doubts LONDON: Sterling sank to a 1-year below $1.59 on Wednesday after a survey of the UK services sector added to signs that the British economy - previously one of Europe's few bright spots - is coming off the boil.The pound fell as far as $1.5869 in the hour after the purchasing managers' survey, whose main index fell by more than two points to 56.2, still indicating expansion but at a lesser pace than previously.Compiler Markit's ...
Rouble drops sharply after central bank relaxes interventions policy MOSCOW: The rouble fell sharply against the dollar in early trade on Wednesday, hitting a new all-time low, after the central bank altered its exchange rate policy to scale back its defence of the Russian currency.At 0750 GMT, the rouble was down 1.86 percent at 44.41 against the dollar and lost 2.05 percent to trade at 55.61 versus the euro.That left the currency down 1.94 percent at 49.45 against a dollar-euro basket. Russia's central bank ...
Sterling prodded higher by better-than-expected UK survey LONDON: Sterling rose to its strongest in a month against the euro on Monday, as well as a day's high against the dollar, after a survey of UK manufacturing purchasing managers came in stronger than forecast. Against the yen, battered in the aftermath of last week's surprise round of policy easing by the Bank of Japan, the pound rose to a six-year high of 180.68 yen after the data. The FTSE 100, however, was a ...
Euro hits six-week high vs yen after in-line inflation reading LONDON: The euro pared losses against the dollar and hit a six-week high against the yen on Friday after data showed euro zone prices rising in October, offering some relief to those who had geared up for a softer reading after German inflation numbers. Eurostat said consumer prices in the euro zone rose by 0.4 percent in October, in line with market expectations, the day after inflation in Germany, Europe's largest economy, slowed in October ...

 



 
Index Closing Chg%
Arrow DJIA 17,810.06 0.51
Arrow Nasdaq 4,712.97 0.24
Arrow S&P 2,063.50 0.52
Arrow FTSE 6,750.76 1.08
Arrow DAX 9,732.55 2.62
Arrow CAC-40 4,347.23 2.67
Arrow Nikkei 17,357.51 0.33
Arrow H.Seng 23,437.12 0.37
Arrow Sensex 28,334.63 0.95






Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln