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Russia's rouble sinks after media report says central bank mulls capital controls MOSCOW: Russia's rouble hit an all-time low against a dollar-euro basket on Tuesday, falling below the level at which the central bank intervenes to defend the currency, after a news report said the bank was considering imposing capital controls.The central bank, which last intervened to defend the rouble in May, said it was unable to provide immediate comment on the news report. Bank officials have repeatedly said they oppose the imposition of capital controls.The Finance Ministry also said it was unable to comment.The rouble briefly plunged to 44.47, below the level of 44.40 where the central bank starts unlimited interventions to defend the currency, before recovering to 44.33 by 1430 GMT.A forex trader at a large Western bank said the rouble had plunged on a Bloomberg story citing two unnamed Russian officials as saying the central bank was considering imposing temporary capital controls if net capital outflows intensified.The currency basket ...

Sterling ends mixed after dollar surge LONDON: Sterling hit a two-week low against the dollar on Tuesday but firmed to a more than two-year high against the euro, reflecting the latest leg of a broad-based rally for the U.S. currency that dates back almost three months.Dealers said Middle Eastern investors had been seen buying and then selling the pound after a mixed bag of data confirmed the British economy expanded strongly in the second quarter but also showed the UK current ...
Turkish lira shrugs off data showing widening trade deficit ISTANBUL: Turkey's lira held steady on Tuesday despite data showing the trade deficit - the main weakness of its economy - widened more than expected last month.The deficit increases Turkey's vulnerability to shifts in global liquidity. Tuesday's data showed it widened last month to $8.04 billion from $7.08 billion a year earlier, above a Reuters forecast of $6.75 billion."There were a few one-off numbers that made this (deficit) number a bit less reliable than normal ...
Sterling buffeted by data, political worries weigh LONDON: Sterling hit a two-week low against the dollar on Tuesday but firmed to a more than two-year high against the euro, reflecting the latest leg of a broad-based rally for the U.S. currency that dates back almost three months.Dealers said Middle Eastern investors had been seen buying and then selling the pound after a mixed bag of data confirmed the British economy expanded strongly in the second quarter but also showed the UK current ...
Dollar heads for best quarter in 6 years, hits 4-year high LONDON: The dollar surged to a four-year high against a basket of currencies and a two-year high against the euro on Tuesday after euro zone inflation fell in September, putting the greenback on track for its best quarter in six years.The Norwegian crown was another big mover, up almost 1 percent to a three-week high of 8.1045 crowns per euro after its central bank unveiled plans to buy 250 million crowns per day in October.The ...
Dollar heads for best quarter in 6 years LONDON: The dollar was poised to finish the month with its biggest quarterly gain in six years, though it paused for breath on Tuesday and some analysts saw its recent rally running out of steam. The greenback has gained over 7 percent against a basket of major currencies over the past three months and posted a record-breaking 11 weeks of successive gains on expectations that the US Federal Reserve will raise interest rates well ahead ...
Currencies rebound as euro regains some ground BUDAPEST: Central European currencies tracked the euro's rebound against the dollar on Monday after an early weakening on expectations that rising US interest rates will erode the appeal of emerging market debt.US economic output data on Friday stirred speculation that the Federal Reserve could start to raise interest rates sooner than expected.By contrast, interest rates are expected to stay at record low levels in Central Europe, and also in the euro zone, as central banks ...

 



 
Index Closing Chg%
Arrow DJIA 17,195.42 1.30
Arrow Nasdaq 4,566.14 0.37
Arrow S&P 1,994.65 0.62
Arrow FTSE 6,463.55 0.15
Arrow DAX 9,114.84 0.35
Arrow CAC-40 4,141.24 0.74
Arrow Nikkei 15,658.00 1.67
Arrow H.Seng 23,702.04 1.49
Arrow Sensex 27,346.33 0.92





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJuly-June
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln