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Dollar soars to more than 12-year high against yen TOKYO: The dollar soared to its highest level against the yen in more than 12 years on Thursday, powered by expectations for a US interest rate hike and more monetary easing from Japan's central bank.The greenback briefly touched 124.30 yen in Tokyo midday trading, its highest level since late 2002, before settling back to 123.82 yen. That compares with 123.63 yen in New York late Wednesday.Investors have been in an upbeat mood as equities surge, with the Nasdaq hitting a new record Wednesday and Tokyo's benchmark Nikkei 225 index marching toward its longest rally since 1988. "It's likely that the yen will continue to slowly weaken and we'll have a global risk-on mode," said Mitsushige Akino, executive officer at Ichiyoshi Asset Management."The US economy is OK and as Yellen said recently, the US is trying to raise rates," he added.The dollar has resumed its bull run against the yen on ...

Tokyo's Nikkei index posts 10-day rally, longest since 1988 TOKYO: Tokyo's benchmark index rose for a 10th straight session on Thursday, marking its longest consecutive rally since the heady days of Japan's stock market bubble more than a quarter of a century ago.The Nikkei 225 at the Tokyo Stock Exchange added 0.39 percent, or 78.88 points, to finish at 20,551.46, the longest winning streak since a 13-day run in February 1988.The broader Topix index of all first-section shares climbed 0.69 percent, or 11.43 points, ...

Gold hovers near two weeks low on firm dollar, US rate outlook SINGAPORE: Gold struggled to recover from a two-week low on Thursday as a robust dollar and the prospects of higher US interest rates dented demand for the metal.Spot gold was little changed at $1,187.05 an ounce by 0332 GMT. The metal hit a two-week low of $1,183.76 in the previous session, but pared losses to end flat for the day.Silver was also near its lowest since May 13 of $16.55 an ounce."Gold and silver flounder ...

Palm oil may break resistance at 2,222 ringgit SINGAPORE: Palm oil may break resistance at 2,222 ringgit per tonne and rise further to the next resistance at 2,246 ringgit, driven by a powerful wave C.These two resistances are identified respectively as the 61.8 percent and the 76.4 percent Fibonacci projection levels of the wave C, the third wave of a three-wave cycle that developed from the April 29 low of 2,070 ringgit.This wave could eventually travel to 2,284 ringgit, its 100 percent projection ...

Leave cancelled for India's doctors as heat wave kills 1,300 NEW DELHI: A heat wave in India has killed at least 1,371 people this week as temperatures soar above 47 Celsius (116.6 Fahrenheit), and doctors' leave has been cancelled to help cope with the sick. May and June are India's hottest months, with temperatures regularly pushing above 40 Celsius. But meteorologists say the number of days when temperatures approach 45 Celsius has increased in the past 15 years.The death toll in the worst affected states ...

Oil's drop may pressure Gulf; passive funds could lift MSCI picks DUBAI: Gulf stock markets may remain depressed on Thursday after Brent oil prices dropped below $63 per barrel, but passive funds tracking MSCI's emerging markets index may lift a handful of local stocks which were upgraded in the benchmark review.Oil prices fell by up to 3 percent for a second straight day on Wednesday as a resurgent US dollar weighed on the market amid concern that US crude supplies may have started rising again after ...


Index Closing Chg%
Arrow DJIA 18,126.12 0.20
Arrow Nasdaq 5,097.98 0.17
Arrow S&P 2,120.79 0.13
Arrow FTSE 7,040.92 1.11
Arrow DAX 11,677.57 0.79
Arrow CAC-40 5,137.83 0.86
Arrow Nikkei 20,551.46 0.39
Arrow H.Seng 27,454.31 2.23
Arrow Sensex 27,506.71 0.21

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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.795 bln
Exports $1.995 bln
Imports $3.790 bln
WeeklyMay 28, 2015
Reserves $17.494 bln