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Turkish lira near six-month low as interest rates, Syria strikes eyed ISTANBUL: The Turkish lira hovered near a six-month low as investors awaited an interest rate decision on Thursday and watched for any signs of spillover from US and Arab air strikes on Islamic State militants in neighbouring Syria. The United States and Gulf Arab allies carried out at least 50 air strikes on Islamic State targets in the Syrian provinces of Raqqa and Deir al-Zor on Tuesday, a group monitoring the war in Syria said. Turkey was not directly involved in the military action, but Islamic State advances in Kurdish parts of northern Syria have come close to its border and led to an influx of tens of thousands of refugees in recent days. Turkish government officials have warned that tensions in Iraq and Syria, as well as Ukraine, combined with slower growth in Europe, could hit the Turkish economy, putting pressure on the central bank to lower interest rates ...

Rough start for sterling as tax talk weighs LONDON: Sterling traded roughly steady against the dollar after a volatile opening on Monday, with concerns about a tax deal that prompted heavy sales of some UK stocks weighing on a currency recovering from two weeks of political turbulence. The pound has struggled to bounce since Scotland relieved investors by voting to stick with its union with England in a referendum last week that had been seen as too close to call. Dealers and analysts ...
Sterling firms as focus turns to UK fundamentals, rate outlook LONDON: Sterling rose against the dollar on Monday and inched back towards recent two-year highs against the euro as investors refocused on Britain's economic fundamentals and interest rate expectations after Scotland's independence referendum.The euro traded 0.3 percent lower against sterling at 78.48 pence, not far off a two-year low of 78.10 struck on Friday amid relief over the Scots' decision to stay inside the United Kingdom. The pound rose 0.3 percent against the dollar to ...
Dollar sits back after record-breaking run higher LONDON: Major currencies recovered some ground against the dollar on Monday after the dollar index racked up a 10th straight week of gains, its longest winning streak since its free float in 1973.Stock and currency markets were taking a breather after one of the most volatile and event-filled weeks in more than a year, but there is plenty of data and policymaker comment spread through this week for investors to get their teeth into.Top of ...
Sterling firms as focus turns to UK fundamentals, rate outlook LONDON: Sterling rose on Monday, inching back towards recent two-year highs against the euro and moving higher against the dollar as investors focused on Britain's economic fundamentals and interest rate expectations after Scotland's independence vote.The euro traded 0.2 percent lower against sterling at 78.64 pence, not far off a two-year low of 78.10 struck on Friday amid relief over the Scots' decision in a referendum to reject independence and to stay inside the United Kingdom.The ...
Pound hits two-year high against euro on Scotland results TOKYO: The British pound surged to a more than two-year high against the euro Friday, while it also rallied against the dollar as early results suggested Scotland will vote against independence from the United Kingdom.The euro tumbled to 0.7809 pounds in early Tokyo trade, down from 0.7882 pounds and its lowest level since July 2012, as dealers welcomed initial returns pointing to a disappointing night for the "Yes" camp.Sterling also jumped to $1.6522, its highest ...
Central banks drive Norwegian crown, franc higher LONDON: The Swiss franc and Norwegian crowns both gained after central bank meetings on Thursday, their moves a reflection of the greater volatility and activity that has begun to return to currency markets after a slack year.The dollar, whose surge since July is at the heart of a broad rise in volumes across major currency pairs, jumped another 1.5 percent against the yen after the Federal Reserve sent another shock through the financial system by ...

 



 
Index Closing Chg%
Arrow DJIA 16,461.32 0.92
Arrow Nasdaq 4,382.85 0.83
Arrow S&P 1,927.11 0.73
Arrow FTSE 6,399.73 0.43
Arrow DAX 8,940.14 0.60
Arrow CAC-40 4,105.09 0.58
Arrow Nikkei 15,195.77 2.64
Arrow H.Seng 23,403.97 1.37
Arrow Sensex 26,787.23 0.80





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln