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Euro falls as Greece deadlock remains LONDON: The euro fell on Monday after Greece failed to meet a self-imposed Sunday deadline for reaching an agreement with its lenders to unlock aid, keeping alive fears of a debt default and possibile exit from the euro zone.Athens and its euro zone and International Monetary Fund (IMF) creditors have been locked in talks for months, with the single currency often reacting to signs of deadlock or breakthrough.Greece faces a payment to the International Monetary Fund on Friday and the expiration of its bailout programme on June 30."It's pretty clear that Greece is coming to a head but also the dollar seems to be trading pretty well on the crosses," said Peter Kinsella, a currency strategist at Commerzbank in London, "(But) the bigger story for the euro in June and July is going to be continuing portfolio outflows.""You've got about 260 billion euros of euro bonds which are going to ...

Turkish lira weakens in political unease before election ISTANBUL: The Turkish lira weakened on Monday in line with global dollar strength and on investor concern that the June 7 parliamentary election will produce political instability and possibly a coalition government.Sentiment was also undermined by the state seizure of Islamic lender Bank Asya on Friday and data on Monday that showed exports slid 19 percent in May.The lira fell 0.73 percent against the greenback at 2.6836 at 0851 GMT, bringing losses this year to ...
Sterling slips on UK manufacturing PMI miss LONDON: Sterling fell to a three-week low against the dollar on Monday, erasing all its gains made since last month's national election, after data showed British manufacturing sector grew at a much slower pace than expected in May.The Markit/CIPS manufacturing Purchasing Managers' Index (PMI) rose to 52.0 in May from a downwardly revised 51.8 in April, but that was lower than the increase to 52.5 forecast by a Reuters poll of analysts..That added to the ...
Sterling drops to three-week low vs dollar on growth, trade worries LONDON: Sterling fell on Thursday after data confirmed the British economy grew 0.3 percent in the first quarter compared with the quarter before, disappointing many who had expected a bigger gain.The pound has been holding firm in the three weeks since Britain's Conservatives won a surprise election victory, and for now seems subject to external factors like the dollar's year-long rally and problems in the euro zone.But there were worrying signs for some investors in ...
Growth, trade worries prod sterling lower LONDON: Sterling fell on Thursday after data confirmed that the British economy grew at 0.3 percent in the first quarter compared with the previous three months, disappointing those who had expected a higher reading.The pound has bounced around in the three weeks since Conservative Prime Minister David Cameron won a shock outright election victory and for now seems subject chiefly to external factors like the future of the dollar's year-long global rally.But there were worrying ...
Dollar hits 12-1/2-year high vs yen; euro rises on Greece hopes LONDON: The dollar hit a 12-1/2-year high against the yen on Thursday, as investors bet that U.S. interest rates will rise later this year while monetary policy will remain ultra-loose in Japan.The greenback soared as high as 124.30 yen, as a rise in Tokyo stocks also helped to boost risk appetite and hurt the safe-haven yen, which has been under pressure from the Bank of Japan's aggressive monetary stimulus since 2013.Against the euro, the dollar ...
Rouble falls further as weaker oil price and stronger dollar weigh MOSCOW: Russia's rouble fell on Wednesday as markets factored in falling oil prices and a stronger dollar, while support waned from firms converting foreign currency to pay their tax bills at the end of the month. At 1615 GMT, the rouble was 1.7 percent weaker against the dollar at 51.80 and down 1.7 percent to 56.36 versus the euro.InstaForex analyst Anton Fomin said in a note that the external backdrop was negative: oil benchmark Brent ...


Index Closing Chg%
Arrow DJIA 17,598.20 0.52
Arrow Nasdaq 5,115.38 0.25
Arrow S&P 2,098.04 0.25
Arrow FTSE 6,688.62 0.11
Arrow DAX 11,443.72 1.19
Arrow CAC-40 5,120.52 0.75
Arrow Nikkei 20,548.11 0.11
Arrow H.Seng 24,411.42 0.91
Arrow Sensex 28,187.06 0.26

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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-22.095 bln
Exports $23.885 bln
Imports $45.980 bln
WeeklyAugust 03, 2015
Reserves $18.536 bln