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Swiss franc falls on SNB warning shot; euro treads water LONDON: The Swiss franc fell to a 10-day low against a broadly flat euro on Thursday, after the head of the Swiss National Bank said it was "considerably over-valued" and that the SNB would continue to intervene in currency markets. As talks between debt-laden Greece and its creditors ground on with no clear sign that a deal was on the table, the euro bounced around a little against the dollar in choppy trade, but stayed within its recent ranges. By 1150 GMT it was flat at $1.1210.The biggest mover among major currencies was the franc, which shed as much as 0.8 percent against the euro to 1.05465 , after SNB Chairman Thomas Jordan's warning shot. Against the dollar, it traded at 0.9416 francs, its weakest since June 8.A failure by Greek officials to reach an aid-for-reforms deal with the country's creditors would be likely to spark massive safe-haven flows into ...

Turkey's lira recovers to pre-election level against dollar ISTANBUL: Turkey's lira rose to its highest in three weeks on Thursday, touching a level last seen before voters went to the polls on June 7, as investors bet the AK Party was moving closer to forming a coalition government. The lira was hammered after the AKP lost its single-party government, raising concerns about political gridlock and the possibility of a snap election. But investors are increasingly betting the party will be able to form ...
Rouble eases on reduced demand from exporters for taxes MOSCOW: Russia's rouble slipped on Wednesday because of reduced demand for the Russian currency from exporters to pay their monthly taxes, but it felt some support from a stronger oil price, traders said.At 0947 GMT, the rouble was 0.5 percent weaker against the dollar at 54.11 and lost just under 1 percent to trade at 60.64 versus the euro.The rouble had been supported by monthly tax payments which require Russian exporters to convert their foreign ...
Dollar takes a pause after rally, rate hike view in focus LONDON: The dollar index eased on Wednesday after hitting its highest in over a week as US 10-year Treasury yields dipped, with investors' focus slowly shifting from Greece to prospects for higher US interest rates. The index shed 0.3 percent to 95.155. On Tuesday it had climbed to 95.636, its highest level since June 12. It held onto the bulk of the gains made on Tuesday, when it climbed 1.2 percent -- its best daily ...
Euro falls in face of higher US yields, Greek doubts LONDON: The euro fell back on Tuesday, hurt by a rise in US bond yields and as traders fretted over whether Greece and its creditors could overcome still-formidable political barriers in the way of sealing a debt deal.The euro's move above $1.14 late in European time on Monday followed a series of headlines indicating an agreement may be reached later this week that would prop Greece up for another period and keep the euro zone's ...
Euro falls as FX investors worry, a little, about Greece LONDON: The euro fell against the dollar on Friday, while the cost of hedging against further euro weakness jumped, on concerns about the fate of Greece as it teetered on the edge of default and an exit from the euro zone. The euro has so far proved surprisingly resilient to worries over Greece. Although it was half a percent weaker against the dollar on Friday at $1.1307, it was still on track for a third ...
Sterling index at highest since mid-2008 after British wages rise LONDON: Sterling climbed to a seven-year high against a trade-weighted basket of currencies on Wednesday after wage growth data gave the strongest indication in some time that Britain's economy is on track to deliver higher inflation and interest rates.Total average weekly earnings in the three months to April, including bonuses, rose by 2.7 percent compared with the same period a year earlier, speeding up from 2.3 percent year-on-year growth in the three months to March.Economists ...


Index Closing Chg%
Arrow DJIA 17,730.11 0.16
Arrow Nasdaq 5,009.22 0.08
Arrow S&P 2,076.78 0.03
Arrow FTSE 6,585.78 0.67
Arrow DAX 11,058.39 0.37
Arrow CAC-40 4,808.22 0.57
Arrow Nikkei 20,539.79 0.08
Arrow H.Seng 26,064.11 0.83
Arrow Sensex 28,092.79 0.53

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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 01, 2015
Reserves $18.5 bln