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Crude oil futures rise after bullish forecast, Fed minutes TOKYO: Crude futures rose in early Asian trade, with U.S. oil climbing above $50 a barrel, after an influential forecaster predicted that a market rally was not far off and U.S. Federal Reserve minutes suggested there was no hurry to raise rates.The gains added to a surge in prices on Thursday, with Brent crude, the global benchmark, on track for a near 12-percent advance this week, the biggest weekly rise since early 2009. Brent was up 63 cents at $53.68 a barrel at 0652 GMT and rose to as high as $54.00.U.S. crude was 80 cents higher at $50.23 a barrel. The contract rose as far as $50.58, the highest since July 22."The price is really testing both the 100-day and 200-day moving averages," said Mark Pervan, senior commodity strategist at ANZ in Melbourne. "The next level is ... nearly $51, so I think you might see a bit of ...

Gold turns lower after knee-jerk rally on Fed minutes NEW YORK/LONDON: Gold turned lower on Thursday in a dramatic turnaround after Federal Reserve meeting minutes showed policymakers at the U.S. central bank were unsettled by signs of a global economic slowdown but that their outlook was not "materially altered".Spot gold eased 0.4 percent to $1,139.86 an ounce at 3:16 p.m. EDT (1916 GMT), having rallied 0.5 percent to $1,151.20 after the September minutes were released.The Fed thought the economy was close to warranting an ...

Cocoa extends losses on weak charts, sugar taps 7-month high NEW YORK/LONDON: Cocoa futures on ICE extended their two-week tumble on Thursday as weak charts spurred technical selling, while raw sugar prices inched up to a seven-month high after data from Brazil was largely within expectations.Coffee prices jumped as traders continued to monitor dry conditions in many of Brazil's growing regions, which could reduce crop flowering in the world's biggest producer.New York cocoa prices have dropped for 10 of the past 11 sessions, tumbling below ...

Copper slips on fund selling as China demand worries mount LONDON: Copper prices slid on Thursday, under pressure from fund selling as worries about slowing demand growth in China outweighed falling stocks and output cuts.Benchmark copper on the London Metal Exchange closed at $5,135 a tonne, losing one percent as fund selling picked up following the end of a week-long holiday in China.Prices were weighed down by renewed concerns about demand growth in China, which accounts for nearly half of global copper consumption.The impact of ...

West European wheat exports struggle to match hefty supply PARIS: Wheat exporters in western Europe are struggling to shift a big harvest and may have to bide their time until buyers have scooped up cheaper eastern European supplies, traders and analysts said. The European Union's two largest wheat exporters, France and Germany, are used to being outpaced by Black Sea countries such as Russia in the opening months of the July-June marketing year. Export competition in 2015/16, however, has been exacerbated by shipments from ...

Gold, silver down on China's return from holiday, Fed minutes awaited LONDON: Gold retreated from a two-week high and silver slumped 3 percent on Thursday after Chinese market participants returned from a week-long holiday and sold the metals to lock in profits. Traders awaited minutes of the last Federal Reserve meeting. Spot gold eased 0.1 percent to $1,143.80 an ounce by 0952 GMT. The metal had climbed to $1,153.30 in the previous session, its highest since Sept. 24, due to a lower dollar. Silver fell as ...

Copper slides on fund selling as China worries mount LONDON: Copper slid on Thursday, pressured by fund selling as worries about slowing demand growth in China outweighed falling stocks and output cuts. Benchmark copper on the London Metal Exchange fell 1.1 percent to $5,130.5 a tonne by 0952 GMT. Prices were weighed down by renewed concerns about demand in China, which consumes nearly 50 percent of global copper. The impact of the Chinese economic slowdown was highlighted on Thursday by data showing that German ...


Index Closing Chg%
Arrow DJIA 17,050.75 0.82
Arrow Nasdaq 4,810.79 0.41
Arrow S&P 2,013.43 0.88
Arrow FTSE 6,374.82 0.61
Arrow DAX 9,993.07 0.23
Arrow CAC-40 4,675.91 0.18
Arrow Nikkei 18,141.17 0.99
Arrow H.Seng 22,354.91 0.71
Arrow Sensex 26,845.81 0.70

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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 $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 08, 2015
Reserves $20.05 bln