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Rouble weakens as Russian aid convoy sparks Ukraine tension MOSCOW: The rouble weakened and dollar-denominated Russian shares fell on Tuesday, dragged lower by tensions over a Russian aid convoy heading to east Ukraine.President Vladimir Putin's spokesman said Kiev had agreed to Russia sending the convoy of about 280 trucks to Ukraine, where government forces are closing in on pro-Russian separatists in two eastern regions.However, a Ukrainian government source said there had been no such agreement and a presidential spokesman said Kiev would not allow any Russian aid into the country if it was accompanied by the Russian military."Uncertainty over the format in which this humanitarian mission was agreed and what role Russia should play in it remains. This will likely continue to pressure the rouble," said Dmitry Polevoy, chief economist for Russia and CIS at ING bank.At 1055 GMT, the rouble was 0.6 percent weaker against the dollar at 36.14 and lost 0.3 percent versus the euro to trade ...

Euro heads towards 9-month lows, Germany's ZEW survey seen weak LONDON: The euro fell towards 9-month lows against the dollar on Tuesday, as investors positioned for a weak German sentiment survey that is likely to add to signs of a slowdown in the euro zone recovery, specifically in Germany.The German ZEW survey for August will be released at 0900 GMT and both the current situation index and the expectations index are both forecast to have fallen, as many expect Europe's largest economy to be hit ...
Sterling just up, eyes on BoE and wages LONDON: Sterling started a week set to be dominated by the Bank of England's latest inflation report with a small gain on Monday, holding just below 80 pence per euro and $1.68 after its fifth consecutive week of losses against the greenback.The report on Wednesday, allied to employment and wage data, should provide another signal of the bank's intentions on interest rates, the key driver for the pound's 15 percent rally against the dollar in ...
Norwegian crown hits 7-week high as rate cut risk fades LONDON: The Norwegian crown soared to a seven-week high against the euro on Monday after Norway reported consumer inflation unexpectedly jumped in July, as investors trimmed expectations that the central bank would cut interest rates.The crown surged around 1 percent against the euro after the data amid high trading volumes, hitting 8.2835 crowns per euro . That was its strongest since June 19, when the currency dived after the Norges Bank hinted at a possible ...
Turkish lira gains as Erdogan wins presidential election ISTANBUL: The Turkish lira gained on Monday after Prime Minister Tayyip Erdogan won the country's first presidential election, as investors took his victory as a sign of continuity. Attention is now turning to the appointment of a new prime minister and economic management team. Markets will be looking for any changes among the main figures on the economic team, such as Deputy Prime Minister Ali Babacan, analysts said. As prime minister, Erdogan has overseen a ...
Rouble firms to below 36 vs dollar on hopes of easing Ukraine tensions MOSCOW, Aug 11 (Reuters) - The rouble strengthened on Monday to trade briefly below 36 against the US dollar on hopes that geopolitical tensions over the Ukraine crisis would ease. Russian assets have been dragged lower by fears of Russia sending troops to Ukraine, where pro-Russian separatists are battling Ukrainian government forces. Moscow did not intervene over the weekend, despite Kiev making significant gains in their military offensive against the separatists. The rouble last traded ...
Turkey's lira at 4-month low as risk of Iraq air strikes weigh ISTANBUL: Turkey's lira slipped to its weakest since March 31 on Friday as investors fled to safe havens unnerved by the prospect of U.S. air strikes in neighbouring Iraq, two days ahead of Turkey's first direct presidential polls.U.S. President Obama authorised air strikes in Iraq late on Thursday to protect the besieged Yazidi minority and U.S. personnel in Iraq as Islamic State militants looked to be little over 30 minutes' drive from Arbil, the capital ...


Index Closing Chg%
Arrow DJIA 16,285.51 3.995
Arrow Nasdaq 4,697.54 4.24
Arrow S&P 1,940.51 3.90
Arrow FTSE 5,979.20 1.68
Arrow DAX 9,997.43 1.29
Arrow CAC-40 4,501.05 1.40
Arrow Nikkei 18,376.83 3.20
Arrow H.Seng 21,080.39 1.52
Arrow Sensex 25,714.66 1.22

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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 24, 2015
Reserves $18.678 bln