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Sterling near 2-1/2 month high against struggling euro LONDON: Sterling rose to a 2-1/2 month high against a struggling euro on Tuesday, with the single currency weighed down by Greece's debt problems and interest rate differentials moving in favour of the British pound.Yields on safe-haven German Bunds, the euro zone benchmark, dropped as jitters from the peripheral bond markets made investors nervous and pushed them towards safety. The yield gap between the 10-year UK Gilt and the German Bund widened to 135 basis points from around 123 bps on May 15, driving sterling higher, traders said.The euro fell to 70.645, its lowest since March 12 and down 3 percent against the British pound so far this month. It was last trading at 70.87 pence, down 0.1 percent on the day, having been hit in recent days by a senior European Central Bank official who flagged the possibility of aggressive bond buying and deepening worries over Greece's ability to ...

Swiss franc rallies against struggling euro on Greek debt woes LONDON: The Swiss franc rose to its highest in nearly three weeks against the euro on Tuesday, as worries about Greece's debt problems drove investors to seek safe-haven assets.The euro shed 0.5 percent to trade at 1.0324 francs , its lowest since May 7, as peripheral euro zone bonds came under fresh selling pressure while core government bonds rallied. The flight to safety saw Switzerland's 10-year bond yields drop into negative territory for the first ...
Turkish lira weakens as polls give mixed picture on election ISTANBUL: The Turkish lira slid against the dollar on Tuesday under pressure from global dollar gains and political uncertainty as another poll suggested the ruling AK Party may have to form a coalition government after a June 7 parliamentary election.The lira has weakened 11 percent against the U.S. currency this year, making it one of the worst performing emergency market currencies, and stood at 2.6325 at 0949 GMT, down from 2.6162 on Monday.A survey by ...
Dollar in vogue on CPI boost and Yellen's comments, euro weakens LONDON: The dollar hit a one-month high against a basket of major currencies on Monday after stronger-than-expected underlying US inflation bolstered the Federal Reserve's case for an interest rate hike later this year. Fed Chair Janet Yellen's comments that the central bank was poised to raise rates in 2015 also shored up sentiment towards the dollar, traders said. Amid low volumes, with most of Europe as well as the United States shut for a holiday, ...
Dollar in vogue on CPI boost and Yellen's comments, euro weakens LONDON: The dollar hit a one-month high against a basket of major currencies on Monday after stronger-than-expected underlying U.S. inflation bolstered the Federal Reserve's case for an interest rate hike later this year.Fed Chair Janet Yellen's comments that the central bank was poised to raise rates in 2015 also shored up sentiment towards the dollar, traders said.Amid low volumes, with most of Europe as well as the United States shut for a holiday, the dollar ...
Dollar back in vogue on CPI boost, Yellen's comments LONDON: The dollar hit a one-month high against a basket of major currencies on Monday after stronger-than-expected underlying U.S. inflation bolstered the Federal Reserve's case for an interest rate hike later this year.Fed Chair Janet Yellen's comments that the central bank was poised to raise rates in 2015 also shored up sentiment towards the dollar, traders said.Amid low volumes, with most of Europe as well as the United States shut for a holiday, the dollar ...
Sterling surges after UK retail sales boost LONDON: Sterling powered to a two-month high against the euro and erased much of this week's loss against the dollar on Thursday after data showed British retail sales rose more strongly than expected in April.The pound had taken a knock from a fall in inflation below zero for the first time since 1960 in April and the sales figures eased concerns that a slowdown in growth in the first quarter might be the start of ...

 



 
Index Closing Chg%
Arrow DJIA 17,689.86 0.03
Arrow Nasdaq 5,128.28 0.01
Arrow S&P 2,103.84 0.23
Arrow FTSE 6,696.28 0.41
Arrow DAX 11,308.99 0.46
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Arrow Sensex 28,114.56 1.48





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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln