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Arabica coffee near 1-1/2-year low, sugar inches up LONDON: Arabica coffee futures edged up on fund buying on Tuesday after trading near a 1-1/2-year low, while robustas recovered from a two-month low and sugar firmed with gains capped by forecasts of dry weather in Brazil. Cocoa was little changed in thin volumes. September arabica was up 0.9 cents, or 0.8 percent, at $1.2130 per lb at 1309 GMT, recovering ground after slipping to just above Monday's 1-1/2-year low of $1.1985."Arabicas are driven by funds. Roasters and origin selling are pretty quiet right now," said Kona Haque, head of research at commodities house ED&F Man. In robusta coffee, traders focused on a large front-month spread's premium before the July contract expires on Friday. September robustas traded up $10, or 0.6 percent, at $1,637 a tonne, after touching a two-month low of $1,624. Raw sugar futures edged up on technically driven buying, trading near a five-week low, with upside capped ...


Copper rises, but market fearful over Chinese stock rout LONDON: Copper prices rose on Tuesday, but the market remained nervous over the latest convulsions in Chinese equities and the possible ramifications for demand from the world's top metals consumer. Chinese shares fell as Beijing scrambled once again to prop up a market whose wild gyrations have heightened fears about the financial stability of the world's second-biggest economy. "There is tremendous downside pressure coming from the Chinese stock market. Fear is the ascendant emotion at ...

EU wheat market takes breather after falling to one-month low PARIS: European wheat prices edged higher on Tuesday after hitting a one-month low the previous day and supported by a rise on US markets, traders said.December milling wheat, the new-crop benchmark on Euronext, was 1.00 euro or 0.5 percent higher by 1543 GMT to 185.50 euros a tonne.That was not enough to compensate for the drop recorded on Monday when prices fell more than 4 euros a tonne."The market is taking a break. There is ...

Gold edges higher as investors await Fed meeting LONDON: Gold firmed on Tuesday but remained near 5-1/2-year lows as markets braced for this week's Federal Reserve meeting, at which policymakers are expected to give further clues on the timing of a US rate increase. The Fed suggested earlier this year that a near-term rate rise was on the cards if economic data supported such a move, but slowing growth in China and a drop in commodity prices have led some to question whether ...

Palm hits 3-month low tracking declines in external markets JAKARTA: Malaysian palm oil futures fell on Tuesday for a fifth straight session to their lowest in three months, reflecting weakness in competing markets and declines in commodities globally, although a weak ringgit provided some support.By the close, benchmark palm oil for October on the Bursa Malaysia Derivatives Exchange had slipped 0.47 percent to 2,130 ringgit ($558.62) a tonne. Earlier in the session the contract hit 2,115 ringgit, its lowest since April 30.Total traded volume ...

Soybeans, wheat bounce after steep losses, corn eases WINNIPEG: Chicago soybean and wheat futures bounced on Tuesday, rising on bargain-buying and short-covering after recent lows, while corn was steady. Nearby soybeans fell for three straight sessions through Monday, shedding nearly 6 percent as weather improved for crop development across the US Midwest. "We've just plain hit (soybeans) hard for the last week or so and we're just seeing a little buying coming back in," said Karl Setzer, market analyst at Iowa-based MaxYield Cooperative. ...

US corn at 1-month low, wheat, soy up after sharp losses PARIS/SINGAPORE: Chicago corn futures slid for a third consecutive session on Tuesday to a one-month low with pressure from ideal weather across the US Midwest that is boosting crop development.Wheat rose following a drop to one-month lows on Monday while soybeans firmed after shedding nearly 6 percent over thelast three sessions."The weather conditions in the key corn-growing areas of the US Midwest have improved considerably of late, following the excessive rainfall earlier in the summer," ...


 



 
IndexClosingChg%
ArrowDJIA 17,440.59 0.73
ArrowNasdaq 5,039.78 0.96
ArrowS&P 2,067.64 0.58
ArrowFTSE 6,505.13 1.13
ArrowDAX 11,056.40 2.56
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ArrowSensex 27,561.38 1.96





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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln