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Dollar hits 7-year high vs yen on likely Japan sales tax delay LONDON: The dollar climbed to a seven-year high against the yen on Tuesday after a Japanese government official told Reuters that Prime Minister Shinzo Abe was likely to delay a planned sales tax increase.The comments came as momentum appeared to be building for Abe to delay the painful measure because of the fragility of Japan's economy and call a snap election, with major parties scrambling to prepare for a possible campaign. sThe dollar hit 116.02 yen on trading platform EBS, up 0.9 percent up on the day and its highest level since October 2007.Japan's Nikkei index climbed to a seven-year high after the government official's comments, also boosted by a renewed appetite for risk across markets.Simon Derrick, head of currency research at Bank of New York Mellon in London, said the yen was also being hit by the Japanese central bank's announcement on Oct. 31 that its stimulus programme was ...

Rouble erases gains one day after full float MOSCOW: The rouble weakened on Tuesday, giving up some of the strong gains from the previous two sessions as oil prices slid and as demand for dollars picked up after the central bank discontinued its regular forex market interventions a day earlier.At 0915 GMT, the rouble was around 1 percent weaker against the dollar at 46.32 and lost 1 percent to trade at 57.46 versus the euro.The central bank abolished the rouble's floating corridor against ...
Sterling subdued, investors wary of UK wages and inflation report LONDON: Sterling struggled on Tuesday, trading near a 14-month low against the dollar, as investors awaited the Bank of England's inflation report and official wage data that could point to interest rates staying low.If Wednesday's wage data shows subdued growth, as expected, that would bolster expectations that the first rate hike from the Bank of England since 2007 is unlikely to come before the second half of 2015, keeping sterling under pressure.The quarterly inflation report ...
Swiss franc extends gains to hit 26-month high, SNB cap in focus LONDON: The Swiss franc hit a 26-month high against the euro on Tuesday, bringing it ever closer to the Swiss National Bank's three-year old cap of 1.20 francs per euro, triggering talk that the central bank might intervene to weaken the currency.The euro fell to 1.2021 francs on trading platform EBS, its lowest since early September 2012, as hedge funds and speculators continued to target the floor.Traders cited bids building up between 1.2017 and 1.2020 ...
Dollar lower, franc within sight of SNB ceiling vs euro LONDON: The dollar made a poor start to the week on Monday, with some investors still seeing Friday's weaker than expected U.S. jobs numbers as an excuse to pause after three strong weeks of gains.The Swiss franc was back on the verge of the central bank's 1.20 franc ceiling versus the euro after another week that highlighted the euro zone's problems.The fundamental picture remains in favour of further gains for the greenback, with Japan again ...
Russian central bank abandons rouble trading band, floats rouble MOSCOW: The Russian central bank said on Monday it had abandoned the rouble's trading corridor, allowing the currency to float freely.The rouble has slumped nearly 30 percent against the dollar this year as plunging oil prices and Western sanctions over the Ukraine crisis reduced Russia's exports and investment inflows.At 0925 GMT, the rouble was 2.8 percent stronger versus the dollar on the day and 2.6 percent firmer against the euro.The central bank says it will ...
Sterling firm; UK wage data, BoE inflation forecasts key LONDON: Sterling climbed on Monday, holding above a 14-month low hit against the dollar at the end of last week, with British wage data and a quarterly report on inflation from the Bank of England on investors' radar.If Wednesday's wage data shows subdued growth, that would boost market expectations that the first rate hike from the BoE is not likely until the second half of 2015, keeping sterling under pressure.The same day's Inflation Report could ...


Index Closing Chg%
Arrow DJIA 17,827.75 0.07
Arrow Nasdaq 4,787.32 0.61
Arrow S&P 2,072.83 0.28
Arrow FTSE 6,729.17 0.03
Arrow DAX 9,915.56 0.55
Arrow CAC-40 4,373.42 0.20
Arrow Nikkei 17,383.58 0.14
Arrow H.Seng 24,111.98 1.12
Arrow Sensex 28,386.19 0.17

Banking Review 2013

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