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Commodity markets mostly rallied this week as China cut interest rates for the first time in more than two years, boosting the demand outlook in the Asian powerhouse. Prices also won support after European Central Bank chief Mario Draghi signalled readiness to act quickly to deter deflation, sparking fresh stimulus hopes.

Egypt will use machines made by a German firm to bore at least four tunnels under the Suez Canal, part of an $8 billion project to expand the waterway that the government hopes will raise revenues and foreign currency reserves. Unlisted Herrenknecht AG was discussing contract details, a spokesman for the company said on Friday, giving no details.
Palm oil on the European vegetable oils market was offered lower on Thursday due to slower Malaysian palm oil exports during the first 20 days of November. "Dwindling exports were the main reason for prices to come down a bit. Overall lack of fresh market moving news kept trade quite quiet," one broker said.
ICE Canadian canola futures edged higher on Friday, supported by a lack of farmer selling and stronger soybean markets. January canola gained 70 cents to $431 per tonne. The contract gained 0.7 percent for the week. Chicago Board of Trade January soybeans added 18-1/2 US cents to US $10.39 per bushel. Malaysian January palm oil rose 0.4 percent. NYSE Liffe Paris February rapeseed tacked on 0.4 percent. The Canadian dollar was trading at $1.1237, or 88.99 US cents at 2:18 pm CST (2018 GMT), up from Thursday's close at $1.1306, or 88.45 US cents.
Soyabean export premiums for shipments from the US Gulf Coast were steady to firm on Friday, underpinned by tight nearby export loading capacity and hopes that an interest rate cut in China would spur demand from the world's top buyer, traders said.
Russia, Kazakhstan and Belarus will cut raw sugar import tariffs in December to $171 per tonne from $240 per tonne in November, the Russian Sugar Producers' Union said. The sugar duty imposed by Russia, Belarus and Kazakhstan, whose policies are aligned under a three-nation customs union, is geared to global prices and calculated each month.
Indonesia's government must issue 2015 raw sugar import permits this month or face further closures of refineries and shutdowns at food and drinks businesses, an industry group in the world's top importer said, warning the situation was at crisis point.
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Index Closing Chg%
Arrow DJIA 17,810.06 0.51
Arrow Nasdaq 4,712.97 0.24
Arrow S&P 2,063.50 0.52
Arrow FTSE 6,750.76 1.08
Arrow DAX 9,732.55 2.62
Arrow CAC-40 4,347.23 2.67
Arrow Nikkei 17,357.51 0.33
Arrow H.Seng 23,437.12 0.37
Arrow Sensex 28,334.63 0.95






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