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European coffee stocks fall 4.8pc in June LONDON: Coffee stocks held in European ports fell 4.8 percent in June, preliminary figures from the European Coffee Federation (ECF) showed on Friday. Stocks fell to 691,514 tonnes from 726,315 tonnes a month earlier. ECF figures cover the major coffee storage ports of Antwerp, Bremen, Hamburg, Genova, Le Havre and Trieste.Copyright Reuters, 2015

China's weekly state corn sales fall to lowest this year BEIJING: China found buyers for less than 1 percent of the nearly 5.4 million tonnes of state corn on offer this week, the lowest so far in the year, according to results of bids published by the country's online grains trading platform showed on Friday. The government sold 40,855 tonnes of corn at an average price of 2,273 yuan ($355.91) per tonne, down from 2,315 yuan per tonne last week. There were no bidders for ...

Gold eyes biggest weekly drop in five on US data, Fed hike view LONDON: Gold edged up on Friday but was still on track to post its biggest weekly drop in five as strong US economic data supported the case for a near-term increase in interest rates. The upward revision in US economic growth in the second quarter to 3.7 percent from the initial estimate of 2.3 percent spurred market expectations that the Federal Reserve could still raise rates this year despite a global equities market turmoil and ...

Copper down on resurgent worries about surplus, zinc up LONDON: Copper prices dipped on Friday after a sharp rebound the day before as worries about oversupply resurfaced, but losses were modest after the stock market in top metals consumer China recovered for a second day. Copper shot up 4.2 percent on the London Metal Exchange on Thursday, lifted by a bounce in global stock markets, buoyant US economic data and the announcement of production cuts by miner Freeport-McMoran Inc. Freeport lowered its copper sales ...

Palm snaps eight consecutive weekly losses JAKARTA: Malaysian palm oil futures ended higher on Friday, posting their first weekly gain after eight consecutive weekly declines, on the back of other commodity markets and a weaker ringgit.The benchmark palm oil contract for November on the Bursa Malaysia Derivatives market rose 3.4 percent to 1,994 ringgit ($475.67) a tonne, its biggest increase since June 1. That followed a 3 percent gain in the previoussession.Traded volume stood at 55,024 lots of 25 tonnes each, ...

German 2015 wheat crop falls 5pc after large 2014 harvest HAMBURG: Germany's 2015 wheat harvest will fall by about 5 percent to 26.4 million tonnes compared with last year when there were record yields in some areas. But the crop had nevertheless achieved a good average size, the German agriculture ministry said on Friday in its first provisional crop forecasts. A fall had been generally expected following an exceptionally large harvest in 2014. But the 2015 estimate beat the 25.70 million tonnes forecast by Germany's ...

Healthy EU wheat harvest nearly done; record French crop HAMBURG: European Union wheat harvesting is almost finished with good average crops in the main producers, and with a record in the largest grower France, observers said on Friday. French growers group AGPB said France's soft wheat harvest would be a new record, surpassing 40 million tonnes, up from 37.5 million tonnes last year after highest-ever yields were achieved. "Despite the deep concern caused by the heatwave temperatures, we have had some nice surprises," said ...


ArrowDJIA 16,643.01 0.07
ArrowNasdaq 4,828.32 0.32
ArrowS&P 1,988.87 0.06
ArrowFTSE 6,247.94 0.90
ArrowDAX 10,298.53 0.17
ArrowCAC-40 4,675.13 0.36
ArrowNikkei 19,136.32 3.03
ArrowH.Seng 21,612.39 1.04
ArrowSensex 26,392.38 0.61

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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 27, 2015
Reserves $18.509 bln