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Copper slips on weak China data, nickel hits 5-week high LONDON: Copper slipped on Thursday as weak manufacturing in China and slower business growth in the euro zone raised concerns about demand, while nickel hit a five-week high due to expectations of an ore shortage.In top metals consumer China, growth in its vast factory sector stalled in November, with output contracting for the first time in six months, adding to signs that the economy may be losing traction.Euro zone business growth has been weaker than any forecaster expected this month, and new orders have fallen for the first time in more than a year despite further price-cutting, a survey showed.Three-month copper on the London Metal Exchange (LME) slipped 0.5 percent to $6,650.50 a tonne at 1103 GMT."There are concerns about the global growth environment, which apart from the United States has been uninspiring. I expect range-bound trade in metals for the next few weeks with a bias to the downside," ...

Gold climbs back towards $1,200/oz as price drop tempts buyers LONDON: Gold rose on Thursday as the previous day's 1 percent drop lured price-sensitive buyers, though gains were limited by dollar strength after Federal Reserve minutes suggested the United States is still likely to raise interest rates next year.The metal fell sharply on Wednesday after a poll showed weaker support among Swiss voters for a referendum proposal that would force the central bank to boost its gold reserves.Appetite for physical gold sparked a reversal in ...

Great apes facing 'direct threat' from palm oil farming KUALA LUMPUR: The destruction of rainforests in Southeast Asia and increasingly in Africa to make way for palm oil cultivation is a "direct threat" to the survival of great apes such as the orangutan, environmentalists warned Thursday. They said tropical forests were continuing to tumble at a rapid rate, with palm plantations a key driver, despite a decade-old drive by the industry's Roundtable on Sustainable Palm Oil (RSPO) to encourage sustainable cultivation.The concerns were voiced ...

India yet to take call on extending sugar export sops NEW DELHI: India is yet to take a call on extending sops for overseas sale of sugar in the 2014/15 season, Food Minister Ram Vilas Paswan said on Thursday.The minister also said mills owed about 43 billion rupees ($692 million) to cane growers for the last season ended Sept. 30.Sugar season in India, the world's second biggest producer after Brazil, runs from October to September.Copyright Reuters, 2014

South Africa's Gold Fields Q3 dips on lower South Deep output JOHANNESBURG: South African bullion producer Gold Fields posted a 6 percent drop in third-quarter earnings on Thursday after its flagship South Deep mine saw an 18 percent decline in production as upgrades continued.Adjusted headline earnings per share in the three months to end-September totalled 23.1 cents per share from 24.6 cents in the previous quarter.Copyright Reuters, 2014

Saudi Arabia tenders to buy 330,000 tonnes hard wheat HAMBURG: Saudi Arabia's state grains authority GSFMO said on Thursday it has issued an international tender to purchase 330,000 tonnes of hard wheat.Tender deadline is Friday, Nov. 21, Waleed el Khereiji, Director General of GSFMO said.Copyright Reuters, 2014

Arabica coffee prices climbs, tests key resistance band LONDON: Arabica coffee futures on ICE rose sharply on Wednesday to the highest level in nearly one month boosted by a more bullish outlook on price charts and the prospect of tightening supplies.Cocoa was little changed while sugar edged higher.March arabica coffee futures on ICE were 7.45 cents or 3.9 percent higher at $2.0035 per lb by 1524 GMT after peaking at $2.0090, the strongest level for the second month since Oct. 22.Sucden Financial analyst ...


Index Closing Chg%
Arrow DJIA 17,810.06 0.51
Arrow Nasdaq 4,712.97 0.24
Arrow S&P 2,063.50 0.52
Arrow FTSE 6,750.76 1.08
Arrow DAX 9,732.55 2.62
Arrow CAC-40 4,347.23 2.67
Arrow Nikkei 17,357.51 0.33
Arrow H.Seng 23,437.12 0.37
Arrow Sensex 28,334.63 0.95

Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln