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Turkey finance minister: No permanent economic harm from sliding lira ANKARA: Turkey's economy will not suffer permanent damage from fluctuations in the lira, Finance Minister Mehmet Simsek said on Tuesday, adding the currency would not have fallen so much if it weren't for uncertainly ahead of June elections. The lira has lost more than 13 percent against the dollar this year. Simsek was speaking on broadcaster NTV. Copyright Reuters, 2015 ...

Dollar steadies after grim April LONDON: The dollar inched up against the euro on Tuesday but its longer-term rally remained in uncertain territory after the worst monthly performance in almost four years in April. The Aussie dollar gained half a percent after the Reserve Bank of Australia hinted its cycle of interest rate cuts might have ended for now with a quarter percentage point overnight. An extremely volatile second half of April saw the US currency slide more than 6 ...
Dollar adds small gains, but correction probably not over LONDON: The dollar added to tenuous gains on Monday after staging a modest comeback from a two-week decline on Friday, as data suggested that the US economy might be stabilising after a recent soft patch. The dollar had slid around 5 percent against a basket of major currencies in the second half of April. Weaker-than-expected data had cast doubt on whether the US Federal Reserve would raise interest rates in the coming months. But the ...
Sterling set for biggest weekly fall vs euro in four years LONDON: Sterling fell to a three-week low against the euro on Friday after a gauge of UK manufacturing tumbled, leaving the pound on track for its biggest weekly losses against the single currency in almost four years.Financial data company Markit said its monthly Purchasing Managers' Index (PMI) for manufacturing dropped to a seven-month low of 51.9 in April, below all the forecasts in a Reuters poll of 31 economists. That added to worries about Britain's ...
Sterling skids against euro as German yields jump LONDON: Sterling skidded over 1 percent against the euro on Thursday, hitting a three-week low as the single currency rallied on the back of the biggest two-day jump in German Bund yields since 2011.One week before British parliamentary elections that polls indicate will give no party an overall majority, investors appeared to be more focused on yield differentials and monetary policy than on political risk.With German Bund yields jumping as data showed the euro zone ...
Euro breaks past $1.12 as dollar doubts grow LONDON: The euro rose for a third day against the dollar on Thursday, pushing above $1.12 for the first time in two months on growing concern over the U.S. economy's prospects.With signs it will hold off on more monetary easing for the moment, the Bank of Japan also added to the trend. The yen rose to its strongest in a month before steadying.The euro, up more than 6 percent against the dollar since April 13, ...
No sign of election nerves as sterling hits two-month high LONDON: Sterling rose to a two-month high against the dollar on Wednesday, just days before a British election that has so far put little of the expected pressure on UK markets.Most polls show the Conservatives and the opposition Labour Party neck-and-neck before the May 7 election, making a hung parliament likely. A month of uncertainty over the makeup and solidity of the government should follow.Analysts have played up the chance of volatile moves in the ...


Index Closing Chg%
Arrow DJIA 17,619.51 0.13
Arrow Nasdaq 4,986.87 0.57
Arrow S&P 2,063.11 0.27
Arrow FTSE 6,520.98 1.50
Arrow DAX 10,944.97 1.25
Arrow CAC-40 4,790.20 1.63
Arrow Nikkei 20,235.73 0.63
Arrow H.Seng 26,250.03 1.09
Arrow Sensex 27,780.83 0.49

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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJune 25, 2015
Reserves $17.457 bln