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Iron ore set for worst month since May as rout extends SHANGHAI/SINGAPORE: Spot iron ore prices were heading for their biggest monthly fall since May last year as a glut kept the steelmaking commodity at its weakest since 2009.Iron ore futures in China and Singapore extended recent losses on Friday with investors waiting for stronger signals that would point to a pick-up in Chinese steel demand."Some investors switched to long positions in the past two days as they expected investment in infrastructure projects could pick up this year, but the gains could not be sustained," said Li Yajing, a Guangzhou-based analyst at Guangyong Futures.China plans to spend a further 800 billion yuan ($128 billion) on building railway tracks this year after exceeding its 2014 investment target, local media reported on Thursday.Steel demand in China's northern regions slows down during winter along with construction activity and some analysts warn the weakness could persist throughout the year as the economy slows further.China plans ...


European vegoils: Palm oil falls on slow demand, weak soyoil LONDON: Palm oil prices were lower on Thursday, weighed by slow demand and weakness in the US soybean oil market. Brokers said a further drop in the crude oil market also contributed to the market's decline, potentially curbing demand for the biofuels sector. US crude oil fell below $44 a barrel for the first time since April 2009 on Thursday after data showing additions to already record-high US oil inventories. RBD palm olein traded down ...

Wheat rallies from 3-month low on strong US exports CHICAGO: Chicago Board of Trade wheat futures rose on Thursday, halting a six-session slide and rebounding from a three-month low after the US Agriculture Department reported larger-than-expected weekly export sales.Corn fell while soybeans were mixed in choppy trade.At the CBOT as of 12:15 p.m. CST (1815 GMT), March wheat was up 5 cents at $5.10-1/4 per bushel, holding above psychological support at $5. March corn was down 3-1/4 cents at $3.70 a bushel and March ...

Arabica sinks to 6-1/2-month low, raw sugar tumbles NEW YORK/LONDON: Arabica coffee futures on ICE sank more than 5 percent on Thursday, falling to a 6-1/2-month low on technical long-liquidation, while raw sugar fell on talk that India could soon launch raw sugar export incentives. New York futures fell for the ninth day out of 10 sessions to a one-year low as the commodity complex tumbled and the US dollar rose.Arabica coffee has been pressured by forecasts for much-needed rain in parts of ...

Gold falls more than 2pc to two-week low on Fed outlook NEW YORK/LONDON: Gold prices tumbled more than 2 percent to a two-week low on Thursday, while silver saw its biggest decline in 1-1/2 years after the Federal Reserve signaled it was still on track to lift US interest rates this year. In Wednesday's policy statement, the Fed said the US economy was expanding "at a solid pace" but reiterated it would be patient in deciding when to increase benchmark borrowing costs. "The short-term reaction to ...

CBOT wheat rebounds from 6-session slide on technicals, exports CHICAGO: Chicago Board of Trade soft red winter wheat futures rose on Thursday, rebounding from a six-session decline on technical buying and better-than-expected weekly US export data, traders said.Gains were modest and trade was choppy, with the market trading lower at times. Nonetheless, CBOT March stayed above psychological support at $5 a bushel and settled at $5.07-3/4.The biggest advances in the three US wheat markets were in K.C. hard red winter wheat futures, which rallied ...

CBOT corn trims losses on short-covering, holds near 3-month low CHICAGO: Chicago Board of Trade corn futures fell to a three-month low in a chart-based selloff on Thursday but trimmed losses in the final seconds of the session on a round of investor short-covering, traders said.Most-active CBOT March corn earlier fell to $3.68 per bushel, the lowest point since Oct. 27 before the late bargain buying and slightly higher wheat futures helped lift corn from its lows.However, ample supplies following last year's record-large harvest, coupled ...


 



 
Index Closing Chg%
Arrow DJIA 17,409.00 1.31
Arrow Nasdaq 4,683.41 0.98
Arrow S&P 2,017.30 0.95
Arrow FTSE 6,810.60 0.22
Arrow DAX 10,737.87 0.25
Arrow CAC-40 4,631.43 0.44
Arrow Nikkei 17,606.22 1.06
Arrow H.Seng 24,595.85 1.07
Arrow Sensex 29,681.77 0.41






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyNovember
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln