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Euro dips as data points to weakening German inflation LONDON: The euro fell against the dollar on Thursday as German inflation appeared to have softened more in November, reinforcing expectations that the European Central Bank will ease monetary policy more aggressively.Oil-rich Norway's crown hit a three-week low of 8.6350 per euro as OPEC looked unlikely to cut oil output despite a huge oversupply, sending Brent crude to a four-year low below $76 a barrel.Though data showed German consumer sentiment picking up, regional numbers from the euro zone's biggest economy showed annual inflation slowing in three states and steadying in a fourth, pointing to a weak nationwide reading, due at 1300 GMT.A Reuters poll ahead of the data called for a fall to 0.6 percent, but at least one economist said the domestic numbers indicated the fall would be deeper.Spanish consumer prices fell by 0.5 percent year-on-year, fuelling concerns that deflation is taking hold in the bloc's fourth-largest economy."(Low) inflation ...

Rouble recovers in nervous trade before OPEC meeting MOSCOW: The rouble strengthened on Thursday as OPEC met to discuss whether it would cut output to boost flagging oil prices.At 1335 GMT, the rouble was up around 1 percent against the dollar at 46.89 and 1.1 percent stronger against the euro at 58.53, after opening weaker against both.The rouble shrugged off declines in Brent crude, which touched a four-year low around $76 a barrel on expectations the Organization of Petroleum Exporting Countries would not ...
Euro dips as German inflation sinks deeper into danger zone LONDON: The euro fell against the dollar on Thursday after data showed German inflation sinking to its lowest since February 2010 in November, reinforcing bets the European Central Bank will ease monetary policy more aggressively.Oil-rich Norway's crown slid crown slid 1 percent to 8.6190 per euro as OPEC kept oil output unchanged despite a huge global oversupply. The crown earlier hit a three-week trough of 8.6350 per euro as Brent crude slid to a four-year ...
Sterling up against euro, eyes on Draghi LONDON: Sterling inched higher against a weaker euro on Thursday, with dealers saying events in the euro zone were likely to dominate trade thinned out by the absence of U.S. investors for the Thanksgiving holiday.The pound had gained on Wednesday after data confirmed the British economy was growing at a healthy pace while reports from the United States suggested growth there might be moderating.But most analysts read the breakdown of the British numbers, showing investment ...
Euro dips as Spanish consumer prices fall more than expected LONDON: The euro fell against the dollar on Thursday after data showed Spanish consumer prices falling more than expected, firming up expectations that the European Central Bank will have to resort to more aggressive easing of monetary policy.The euro fell back under $1.25 to a day's low of $1.24675 after the figures showed Spanish consumer prices fell by 0.5 percent year-on-year, fuelling concerns that deflation is taking hold in the euro zone's fourth-largest economy.Traders have ...
Russian rouble, stocks fall before OPEC meeting MOSCOW: The Russian rouble fell against the dollar and euro, and stock indexes were lower early on Thursday, following oil prices which have weakened before a key OPEC meeting in Vienna. At 0732 GMT the rouble was down 0.6 percent against the dollar at 47.68 and 0.8 percent against the euro at 59.70. Global oil benchmark Brent was down 1.5 percent at around $76.6 a barrel, as expectations mount that OPEC will not agree to ...
Euro dips after ECB's Constancio says can decide on QE in Q1 LONDON: Euro dipped to a day's low on Wednesday after European Central Bank Vice President Vitor Constancio said that the bank will be able to gauge in the first quarter of next year whether it needs to start buying sovereign bonds. The euro slipped to $1.2454, down 0.15 percent on the day from around $1.2467 before his comments. Constancio also said that buying sovereign bonds, or quantitative easing, would influence inflation expectations and the euro. ...

 



 
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Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln