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Pound rises vs dollar on UK outlook, before BoE testimony LONDON: Sterling rose against the dollar on Tuesday after robust data, with investors' focus on testimony by Bank of England Governor Mark Carney on monetary policy and the economic outlook.Carney, along with other BoE policymakers, faces questions from a parliamentary committee on this month's BoE quarterly Inflation Report at 1000 GMT.Investors will be looking to see whether the BoE backs up expectations that UK interest rates will rise earlier than market participants had previously thought, possibly in 2015.A survey overnight showed British service sector firms were hiring new staff at the fastest rate in six years and were planning to ramp up investment. This added to a string of recent strong UK data and followed figures on Monday showing mortgage approvals up 33 percent year-on-year.Sterling was up 0.2 percent at $1.6190, edging near a one-month peak of $1.6241 hit on Monday and the early October high of $1.6260."If you look ...

Turkish lira slips as oil prices make up lost ground ISTANBUL: The Turkish lira slipped on Tuesday as oil prices made up some of the ground lost the previous day after world powers reached a deal with Iran to curb its nuclear programme.Investors were also waiting for the 1200 GMT release of the minutes of the central bank's latest policy meeting, where it kept rates on hold but signalled more tightening by cancelling its one-month repo auctions to tame inflation.Turkey needs substantial inflows of foreign ...
Assets firm, Hungarian court tight-lipped on fx loans BUDAPEST: Central European currencies rose on Monday, including the forint which recovered from an early dip triggered by a Hungarian court proposal on foreign currency loans which failed to clarify how banks would be affected.The region's currencies and shares rose after a deal to curb the Iranian nuclear programme eased geopolitical tension and bolstered risk appetite and pushed down oil prices.Hungary's central bank is expected to cut its base rate on Tuesday by 20 basis ...
Yen falls versus dollar and euro as Iran deal lifts stocks LONDON: The yen hit a six-month low against the dollar and a four-year trough versus the euro on Monday as a deal on Iran's nuclear programme sent shares higher, prompting investors to sell the low-yielding currency.The Japanese currency typically falls when share prices rise, with the greater appetite for risk leading some investors to sell the low-yielding yen in search of greater return.It has also weakened recently on the belief the Bank of Japan will ...
Armenia to stick with floating rate currency FRANKFURT: Armenia is not considering abandoning its currency, the dram, for the Russian rouble, the head of financial regulation at the Central Bank of Armenia told Reuters. Speculation that Armenia might give up the floating-rate currency has grown since September, when the government said it would join a Russian-led customs union to which Belarus and Kazakhstan already belong. "There is no such issue on the agenda as moving into the rouble ...
Turkish lira ends week stronger on central bank tightening ISTANBUL: Turkey's lira hovered around three week highs on Friday, after markets welcomed the central bank's decision to tighten policy to rein in inflation. Having faltered slightly on Thursday because of the uncertainty over when the US Federal Reserve will begin reducing its massive bond buying programme, the lira on Friday had firmed to 2.0112 to the dollar by 1457 GMT from 2.0222 late in the previous session. It had started the week around 2.0290. ...
Dollar at 4 month high vs yen on Fed minutes; euro falls LONDON: Federal Reserve minutes suggesting policymakers may be able to start scaling back stimulus soon lifted the dollar to a four-month high versus the yen and a one-week high against the euro on Thursday. The euro was also hurt by data showing French business activity slowed in November, extending a decline that began after an unsourced report on Wednesday that the European Central Bank may consider making banks pay to deposit cash with it overnight. ...

 



 
Index Closing Chg%
Arrow DJIA 17,164.95 1.45
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Arrow S&P 1,994.99 1.30
Arrow FTSE 6,749.40 0.90
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Arrow Sensex 29,182.95 1.68






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyNovember
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln