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Turkey's lira hits weakest in a month on security worries ISTANBUL: Turkey's lira slid to its weakest in a month on Wednesday, hit by security worries after Kurdish militants claimed responsibility for killing two police offers after an Islamic State suicide bombing this week.The bloodshed in towns along Turkey's 900 km (560 mile) border with Syria has given investors further pause when they are already worried by slowing growth, a crumbling currency and political instability after the ruling AK Party failed to win a single-party majority in June."Political ambiguities will make companies more reluctant to invest," said Muammer Komurcuoglu, an economist at Is Invest.The Kurdistan Workers Party (PKK) said in a statement the killing of the two officers was in retaliation for a suspected Islamic State suicide bomb which killed 32 people, mostly students, on Monday.The PKK said the police had collaborated with Islamic State, echoing accusations of anti-government demonstrators, who say President Tayyip Erdogan and the ruling AK Party ...

Turkey's lira hits weakest in a month on security worries ISTANBUL: Turkey's lira slid to its weakest in a month on Wednesday, hit by security worries after Kurdish militants claimed responsibility for killing two police offers after an Islamic State suicide bombing this week.The bloodshed in towns along Turkey's 900 km (560 mile) border with Syria has given investors further pause when they are already worried by slowing growth, a crumbling currency and political instability after the ruling AK Party failed to win a single-party ...
Sterling skids against euro in choppy summer trading LONDON: Sterling fell more than 1 percent against the euro in choppy trade on Tuesday, with currency moves exaggerated by low liquidity as traders head off on their summer holidays.The pound reached a 7-1/2-year high against the euro on Friday as investors refocused on the diverging interest rate paths of the UK and euro zone, having for months been distracted by Greece's debt crisis.Most strategists reckon the single currency still has further to fall against ...
US dollar hits three-month peak, NZ dollar jumps LONDON: The dollar reached its highest in three months against a basket of currencies on Monday, with the New Zealand dollar the only major standout after comments by Prime Minister John Key gave investors pause for thought on the scale of its slide.Solid U.S. inflation and housing data helped the U.S. dollar to its best performance since May last week after Federal Reserve Chair Janet Yellen reiterated that U.S. interest rates will probably be lifted ...
Czech crown hovers near cap, investors watching central bank BUDAPEST/PRAGUE: The Czech crown hovered close to the central bank's cap of around 27 to the euro on Monday, and investors were on the lookout for official intervention to prevent any further strengthening.Other central European assets were rangebound with turnover in regional markets thin due to a lack of major economic data this week and less nervousness over Greece's debt crisis.Illiquid trade, however, makes it easier for investors who want to test the Czech central ...
Trade-weighted sterling at 7-1/2-year high, strongest run since 2010 LONDON: Sterling powered to a 7-1/2-year high against a trade-weighted basket of currencies on Friday, after the head of the Bank of England (BoE) signalled that an interest rate rise could come around the turn of the year. Markets took comments from Governor Mark Carney that a decision would come into "sharper relief" around the turn of the year as pointing to a rise as soon as November or February, when the bank releases its ...
Euro slips to six-week low after Greece approves bailout plan LONDON: There was no silver lining for the euro on Thursday after Greece voted through austerity demanded in return for another bailout, as improved interest rate differentials drove the dollar higher across the board.The New Zealand dollar sank to a six-year low after weak inflation data cemented expectations for a cut in its official rates next week, while the Canadian dollar remained on the defensive after a cut there on Wednesday.The euro did inch up ...

 



 
Index Closing Chg%
Arrow DJIA 17,440.59 0.73
Arrow Nasdaq 5,039.78 0.96
Arrow S&P 2,067.64 0.58
Arrow FTSE 6,505.13 1.13
Arrow DAX 11,056.40 2.56
Arrow CAC-40 4,927.60 2.57
Arrow Nikkei 20,350.10 0.95
Arrow H.Seng 24,351.96 3.09
Arrow Sensex 27,561.38 1.96





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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