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Sterling subdued by steady stream of dovish BoE comments LONDON: Sterling retreated from the previous day's one-week high against the dollar on Wednesday after yet another Bank of England policymaker said interest rates would stay lower for longer.Sterling rose against the dollar on Tuesday after U.S. data showed capital goods orders dropped the most for eight months in September. But it failed to build on those gains and eased to $1.6120, having hit $1.6182 after the U.S. data.It was flat against the euro. The single currency was trading at 78.925.Data on Wednesday showed British lenders approved the fewest mortgages in more than a year last month, adding to evidence that housing market activity is moderating.More importantly, sterling was weighed down by comments from Bank of England Deputy Governor Jon Cunliffe, who said on Tuesday the central bank could leave rates near their record low for longer than first thought.That chimed with comments from another Deputy Governor, Minouche Shafik, who ...

Rouble slides to new lows; pressure builds on central bank MOSCOW: The rouble weakened further on Tuesday, hitting record lows for the fifth straight day against both the dollar and the euro and increasing pressure on the central bank to take decisive action at a rate meeting later in the week.At 1500 GMT, the rouble was 0.44 percent weaker against the dollar at 42.46 and lost 0.86 percent to trade at 54.13 versus the euro.That left the currency 0.63 percent weaker at 47.71 against the ...
Rouble hits new low vs dollar, bucks steady EM trend LONDON: The Russian rouble fell 0.7 percent to another record low against the dollar on Tuesday despite central bank interventions, remaining the main outlier in the generally steady emerging markets asset class.Most emerging assets were rangebound ahead of a meeting of the U.S. Federal Reserve which is widely expected to end its six-year money-printing programme on Wednesday. But the overall bias was firmer, helped by Chinese markets and a conviction that the Fed is in ...
Sweden's crown slides as Riksbank cut rates to zero LONDON: The Swedish crown hit a four-year low against the dollar and a four-month trough against the euro on Tuesday after Sweden's central bank surprised investors by cutting interest rates to a record low of zero percent.Most analysts had forecast the Riksbank would lower its main interest rate, the repo rate, to 0.1 percent from 0.25 percent to fight a risk of deflation, and the central bank went a step further by forecasting a lower ...
Rouble slides, pressure builds on central bank before meeting MOSCOW: The rouble weakened against both the dollar and the euro in early trade on Tuesday, extending losses from the previous session and adding further pressure on the central bank ahead of its rate meeting later in the week.At 0740 GMT, the rouble was 0.41 percent weaker against the dollar at 42.45 and lost 0.6 percent to trade at 53.99 versus the euro.That left the currency 0.51 percent weaker at 47.65 against the dollar-euro basket ...
Euro pares gains after German business survey, Swedish crown slips LONDON: The euro gave up its gains against the dollar on Monday after a drop in German business morale offset better-than-expected stress-test results for European banks.In European trading, the Swedish crown fell 0.7 percent to a six-week low against the euro. Expectations are the country's central bank will cut interest rates to a record low to ward off the threat of deflation.In Germany, the business sentiment index compiled by the Munich-based think tank Ifo fell ...
Rouble sinks further despite S&P rating decision MOSCOW: The rouble fell sharply on Monday, extending its decline and prompting renewed central bank support, despite getting a slight boost from Standard & Poor's decision to keep Russia's sovereign debt rating unchanged.At 1430 GMT, the rouble was down 0.63 percent at 42.17 against the dollar and 1.03 percent weaker at 53.60 versus the euro, after earlier hitting new all-time lows against both currencies.The Russian currency has been hammered for months by risk aversion to ...

 



 
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