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Yen rises towards recent highs, supported by fragile stocks LONDON: The yen gained on Wednesday, advancing towards recent multi-month highs as stock markets struggled and confidence remained brittle in emerging markets, forcing investors to seek safe-haven currencies. The dollar fell 0.5 percent to 101.15 yen while the euro dropped by a similar margin to 136.70 yen. Both the dollar and euro sank to 11-week troughs on Tuesday, when the dollar hit a low of 100.755 yen and the euro fell as low as 136.25 yen. The euro was flat against another safe-haven currency, the Swiss franc, trading at 1.2215 francs and not far from a 1-1/2 month low of 1.2185 struck on Monday. European stock markets started on a soft note and S&P futures were in the red, and the mood could sour if final PMI surveys show any slowing of activity in the euro zone services sector. Across the Atlantic, investors were awaiting the ADP reading on private ...

Turkish lira sinks further on inflation concerns ISTANBUL: Turkey's embattled lira currency extended recent losses on Monday after accelerating inflation stoked concerns about the emerging economy as Prime Minister Recep Tayyip Erdogan battles a political crisis. By 1:00 pm (1100 GMT), the lira was down 0.13 percent against the dollar at 2.26 lira, and off 0.18 percent at 3.06 lira. The Istanbul stock exchange was up 0.07 percent at 61,900.22. The Turkish statistics office (TUIK) said on Monday that consumer prices rose ...
Russian rouble edges down further, Russian stocks up MOSCOW: The rouble continued to decline on Monday but at a gentler pace than last week, while Russian stocks edged upwards. At 0700 GMT the rouble was down 0.2 percent against the dollar-euro basket to 40.76, and by the same amount to 35.22 against the dollar and to 47.51 against the euro. The rouble has come under attack over recent weeks, hitting a historic low against the basket last week, as concerns over the US ...
Turkey's lira eases to levels before rate hike ISTANBUL: Turkey's lira on Friday eased to levels seen before a massive rate hike earlier this week as households and firms bought dollars amid a sell-off in emerging markets. The central bank raised interest rates by around 500 basis points at an emergency meeting on Tuesday despite government's opposition, stunning markets and causing a spike in the battered currency. Turkey's lira was trading at 2.2725 against the dollar by 1540 GMT, although still off a ...
Euro falls after soft inflation data, yen firm LONDON: The euro fell on Friday as soft euro zone inflation data reawakened concerns the European Central Bank may have to act to avert deflation, while the yen gained as investors looked for safe havens amid the emerging market sell-off. The euro was 0.1 percent lower against the dollar at $1.3538 , while against the yen it hit a two-month trough of 138.395 yen. Risk aversion also hit commodity-related currencies, with the Canadian dollar falling ...
Sterling slips as growth worries, Fed weigh LONDON: The pound fell more than half a percent against a broadly stronger dollar on Thursday, with a poor batch of data on business lending denting the case for a rise in official interest rates within a year. Bank of England Governor Mark Carney reiterated on Wednesday that Britain's economic recovery had further to run before monetary policy was tightened and the bank's data showed a 1.9 billion pound fall in lending to businesses in ...
Russian ruble extends losses despite Turkey rate rise MOSCOW: The slumping ruble fell further on Wednesday as traders largely overlooked Turkey's aggressive interest rate rise to focus on the possibility of further moves by Russia's Central Bank to devalue the currency.The dollar was up 0.1 percent to 34.88 rubles at 1:00 pm (0900 GMT) and seemed poise to add further to a five-year high it established against the Russian currency this week.The euro was also up 0.2 percent to 47.68 rubles on the ...

 



 
Index Closing Chg%
Arrow DJIA 16,408.54 0.10
Arrow Nasdaq 4,095.52 0.23
Arrow S&P 1,864.85 0.14
Arrow FTSE 6,625.25 0.62
Arrow DAX 9,409.71 0.99
Arrow CAC-40 4,431.81 0.59
Arrow Nikkei 14,516.27 0.68
Arrow H.Seng 22,760.24 0.28
Arrow Sensex 22,628.84 1.58





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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln