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Gold falls 2pc after US jobs data boosts dollar LONDON: Gold fell two percent on Thursday after better-than-forecast US jobs data boosted the dollar, reviving expectations the Federal Reserve could raise interest rates soon. Data on Thursday showed claims for state unemployment benefits declined 34,000 to a seasonally adjusted 262,000 for the week ended April 25, the lowest reading since April 2000.Separately, US consumer spending rose 0.4 percent last month after rising 0.2 percent in February, while the Chicago Purchasing Management Index jumped more than expected in April. Spot gold was heading for its biggest daily fall since March 6, dropping as much as 2 percent to a session low of $1,179.77 an ounce earlier. It was down 1.9 percent at $1,181.32 an ounce by 1404 GMT. The metal had hit a three-week high ahead of the Fed's statement that followed a two-day policy meeting on Wednesday, as a string of soft economic data dimmed prospects for a US ...

Sugar dips on Brazil crop outlook, India tax; NY cocoa firms NEW YORK/LONDON: Raw sugar futures on ICE eased on Wednesday despite a weak U.S. dollar, as prices were pressured by chart-based sell signals, prospects of a big Brazilian crop and a higher Indian import tax.New York cocoa rose on the firm pound, but failed to breach the prior session's seven-week high, while the coffee markets were little changed.Raw sugar fell on bearish fundamental and technical factors, despite the sharply lower dollar, which typically supports dollar-traded ...

EU wheat mixed, strong euro restrains rebound off lows HAMBURG: European wheat futures ended mixed on Wednesday as an earlier rebound off multi-month lows touched on Tuesday was restrained by an export-punishing surge in the euro, a hesitant trend in Chicago and news Russia could end an export tax soon."The dollar and Chicago weakened the tone along with the confirmation of the likely scrapping of Russia's export tax and the fact crop weather remains favourable pretty much everywhere," a trader on the Paris Euronext ...

Copper steady ahead of Fed; hopes of China action support LONDON: Copper firmed on Wednesday as the dollar fell after U.S. economic data disappointed, but gains were capped by worries about about weak demand from China, the world's top consumer of industrial metals.Data showing U.S. growth nearly stalled in the first quarter helped reinforce expectations of a more dovish U.S. Federal Reserve and weakened the dollar, making dollar-priced commodities cheaper for non-U.S. firms. The dollar index was down more than one percent..Three-month copper on the ...

Corn rebounds from 6-month low on technicals, weak dollar CHICAGO: US corn edged higher on Wednesday, rebounding from a six-month low notched in the previous session on light investor short covering and a weaker dollar.Soybeans also gained at the Chicago Board of Trade on exporter demand, led by top importer China, while wheat prices were mixed after Tuesday's nearly five-year low. Grains trading volumes were likely to be light ahead of a US Federal Reserve statement expected at 1 p.m. CDT (1800 GMT), at ...

Gold snaps two-day rally before Fed statement LONDON: Gold fell on Wednesday as investors took profits following a two-day rally, but soft US economic data that hurt the dollar and lowered expectations for a Federal Reserve rate rise in June limited losses. Spot gold was down 0.3 percent at $1,210.91 an ounce at 1309 GMT. It has gained nearly 3 percent in the last two sessions, climbing to a three-week high of $1,215 on Tuesday. US gold futures for June delivery fell ...

Jordan buys 100,000 tonnes hard wheat in tender HAMBURG: Jordan's state grain buyer has purchased 100,000 tonnes of optional-origin hard wheat in an international tender for the same volume which closed on Wednesday, European traders said. The wheat was purchased at $215 a tonne c&f, they said. Some 50,000 tonnes was bought for shipment in the first half of December 2015 and 50,000 tonnes is for shipment in the second half of January 2016, they said. In its last reported tender on April ...


Index Closing Chg%
Arrow DJIA 18,024.06 1.03
Arrow Nasdaq 5,005.39 1.29
Arrow S&P 2,108.29 1.09
Arrow FTSE 6,985.95 0.36
Arrow DAX 11,454.38 0.19
Arrow CAC-40 5,046.49 0.14
Arrow Nikkei 19,531.63 0.06
Arrow H.Seng 28,133.00 0.94
Arrow Sensex 27,011.31 0.79

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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 30, 2015
Reserves $17.717 bln