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Turkey's lira weakens to almost its five-month low after Fed minutes ISTANBUL: The Turkish lira weakened to near its five-month lows after minutes of the Federal Reserve's last meeting led markets to price in a greater risk of an earlier hike in interest rates. The lira depreciated to 2.1880 against the dollar by 0534 GMT, its lowest level since March 28.Copyright Reuters, 2014 ...

Sterling rebounds after BoE minutes show split on rate decision LONDON: Sterling rebounded from four-month lows against the dollar on Wednesday after Bank of England minutes showed two policymakers voted for an interest rate hike in August, catching many investors by surprise.Bank of England policymakers Martin Weale and Ian McCafferty both voted this month to start raising interest rates, becoming the first officials on the nine-member Monetary Policy Committee (MPC) to do so in more than three years.Some in the market had expected only one ...
Sterling rebounds after BoE minutes show 2 policymakers favoured rate rise LONDON: Sterling rebounded from four-month lows against the dollar on Wednesday after Bank of England minutes showed two policymakers voted for an interest rate hike in August.Martin Weale and Ian McCafferty both voted to start raising interest rates this month, becoming the first officials to do so in more than three years.Some in the market had expected only one member of the bank's Monetary Policy Committee at most to vote for a rate rise and ...
Turkish assets weaken as Fed minutes, new cabinet eyed ISTANBUL: Turkish stocks and the lira weakened on Wednesday, in line with emerging market peers, as investors awaited policy signals from the U.S. Federal ReserveThat overshadowed optimism that key economic ministers would remain in a new Turkish cabinet.Senior ruling party officials told Reuters the key ministers responsible for the economy were likely to retain their roles when Prime Minister Tayyip Erdogan assumes the presidency later this month.Investors have been particularly concerned about the position of ...
Dollar breaks out to 11-month highs, eyes on Fed WARSAW: The dollar reached an 11-month high against the euro and a basket of major currencies on Wednesday, buoyed by optimism over the health of the US economy. The greenback broke through resistance around $1.3300 and last November's high of $1.3295 per euro in morning trade in Europe. It also climbed to a 4 1/2-month high against the yen. Dealers and analystssaid signals from the US economy and policy establishment - on Wednesday, minutes from ...
Sterling rises, gilts fall after hawkish BoE minutes LONDON: Sterling rallied on Wednesday, recovering from four-month lows against the dollar, while gilt futures fell after Bank of England minutes showed two policymakers surprisingly voted for an interest rate hike in August. Martin Weale and Ian McCafferty both unexpectedly voted to start raising interest rates this month, becoming the first officials to do so in more than three years. The voting bolstered market expectations that the BoE could raise rates in five months time. ...
Czechs roll out new Bitcoin-style virtual currency PRAGUE: The Czech Republic launched its answer to Bitcoin on Tuesday when new virtual currency CzechCrownCoin started trading. "Early this afternoon we put a first test run of 100,000 coins on the market," CZC project head Ladislav Faith told AFP."The total number of coins has been set at 100 million." Virtual currencies have becoming increasingly popular in recent years since the most famous example, Bitcoin, was launched by a mysterious computer guru in 2009.Faith estimated ...

 



 
Index Closing Chg%
Arrow DJIA 17,001.22 0.22
Arrow Nasdaq 4,538.55 0.14
Arrow S&P 1,988.40 0.20
Arrow FTSE 6,775.25 0.04
Arrow DAX 9,339.17 0.66
Arrow CAC-40 4,252.80 0.93
Arrow Nikkei 15,539.19 0.30
Arrow H.Seng 25,112.23 0.47
Arrow Sensex 26,419.55 0.23





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 15, 2014
Reserves $14.264 bln