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Sugar dips on rains in Brazil; cocoa firms LONDON: London sugar futures dipped on Thursday as rains in top grower Brazil were expected to help development of next year's crop, while cocoa firmed and robusta coffee steadied in light volumes as U.S. markets were shut.Trading volumes were thin across soft commodities during the U.S. Thanksgiving Day holiday on Thursday, when U.S. commodity and energy futures and options markets were closed.London white sugar futures dipped in light volumes as dealers focused on recent rains in Brazil and on the start of harvests in Asia."I think we're stuck in this range," Michael Liddiard of consultancy Agrilion said."The market is focused on the start of harvests in India and Thailand and the weather in Brazil from now until early next year, before the start of the next harvest in the centre-south around April."London March white sugar eased by $2.80, or 0.7 percent, to $415.90 per tonne at 1409 GMT.Second month May ...


TOCOM dips to 1-week low on oversupply fear TOKYO: Benchmark Tokyo rubber futures dropped to a one-week low on Thursday, weighed down by growing concern over softening demand in China, the world's top consumer, and a lack of effective steps by top producers to fix oversupply, dealers said.The Tokyo Commodity Exchange rubber contract for May delivery fell 2.3 yen, or 1.1 percent, to settle at 200 yen ($1.7033) per kg. It earlier fell to as low as 199.3 yen, the lowest since Nov. ...

Palm oil falls as crude slides to four-year lows KUALA LUMPUR: Malaysian palm oil futures fell on Thursday as crude oil prices plunged to their lowest in four years, stoking worries that the tropical oil may lose its appeal as an additive in biofuels, while rumours of palm cargo defaults in India spooked investors.Brent crude fell $2 to a 50-month low under $76 a barrel, while US crude lost more than $1 to a session low of $71.89, as oil producers in OPEC looked ...

Gold eases as dollar strengthens, fund outflows resume LONDON: Gold eased on Thursday, hurt by gains in the dollar index and fresh outflows from bullion-backed funds, with traders cautious ahead of a U.S. holiday and this weekend's Swiss referendum on central bank bullion assets.Spot gold was down 0.2 percent at $1,195.60 an ounce at 1100 GMT, while U.S. gold futures for December delivery were down $2.30 an ounce at $1,194.30.The dollar climbed against a basket of currencies, with the euro falling against the ...

Copper steady after China easing, euro zone sentiment rise LONDON: Copper and other base metals were steady on Thursday, supported by monetary easing in top consumer China and an uptick in economic sentiment in Europe.China's central bank refrained from draining funds from the money market on Thursday, the first time it held off from open market operations in four months. That followed on the heels of its interest rate cut and efforts to reduce funding pressure on Chinese companies to support the cooling economy.Also ...

Hong Kong shares close down 0.45pc, Shanghai on three-year high HONG KONG: Hong Kong stocks fell 0.45 percent down Thursday, while China's benchmark Shanghai Composite Index ended on its highest close in more than three years.The Hang Seng Index fell 107.70 points to 24,004.28 points on turnover of HK$72.888 billion (US$9.4 billion).But in China, the benchmark Shanghai Composite Index gained 1.00 percent, or 26.15 points, to 2,630.49 on turnover of 339.0 billion yuan ($55.2 billion). The close was the highest since August 4, 2011, when ...

No Indian sugar export deals signed due to doubts over subsidies MUMBAI: Indian traders have yet to arrange sugar export deals for the new season harvest as mills are not producing raw sugar due to uncertainty over whether the government will offer incentives, industry officials said.A drop in exports by India, the world's second-biggest producer, would support global sugar prices and let rivals Brazil and Thailand increase shipments of the sweetener. In the 2013/14 marketing year to Sept. 30, India exported 2.1 million tonnes of sugar, ...


 



 
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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