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Gold steadies as Greece fears offset by weaker euro LONDON: Gold steadied on Monday, giving up early gains as the prospect of a Greek debt default, which hit European shares, was offset by a strengthening dollar and wariness among investors over the metal's longer-term outlook.European shares tumbled more than 2 percent in early trade and the euro slid as Greeks woke up to shuttered banks and closed cash machines following the collapse of talks between Athens and its creditors.Gold, which often benefits from uncertainty in the wider financial markets, initially rallied to a near one-week high at $1,186.91, but later gave up some of those gains.Spot gold was up 0.1 percent at $1,175.86 an ounce at 1354 GMT, while U.S. gold futures for August delivery were up $2.20 an ounce at $1,175.40.The wider environment remains relatively unfriendly for gold, with the United States still likely to raise interest rates at some point this year. That would increase the opportunity ...

Raw sugar rallies on short covering, arabicas fall LONDON: Raw sugar futures on ICE rallied on short covering on Monday, while a stronger dollar fueled by the Greek debt crisis weighed on cocoa and coffee.July raw sugar futures on ICE reversed earlier losses and were up 0.19 cents or 1.6 percent at 11.86 cents a lb at 1357 GMT. Most-active October was up 0.14 cent or 1.2 percent at 12.09 cents a lb.Dealers said they expected a modest delivery tonnage against expiry of ...

Palm oil slips as traders wary of Chinese volatility JAKARTA: Malaysian palm oil futures eased on Monday, tracking other vegetable oils lower as cautious traders eyed the negative impacts of a possible default by Greece on its debt repayment.The September palm oil contract on the Bursa Malaysia Derivatives exchange ended down 0.5 percent at 2,266 ringgit ($599) a tonne at the close, after trading in a range of 2,260 to 2,277 ringgit.Palm prices have fallen about 2 percent so far in June and touched ...

Gold climbs as fears over Greece knock stocks, euro LONDON: Gold rose on Monday as fears over the prospect of a Greek debt default battered European shares and weighed on the euro, but it failed to maintain early sharp gains with investors wary of its longer-term outlook. European shares tumbled more than 2 percent and the single currency slid as Greeks woke up to shuttered banks and closed cash machines following the collapse of talks between Athens and its creditors. Gold, which often benefits ...

Nickel hits six-year low on high stocks, copper steady LONDON: Nickel prices hit their lowest in six years on Monday, falling in response to stubbornly high stockpiles and risk aversion over the Greek debt crisis, while copper steadied on hopes that China's economy is levelling out. The dollar rose against the euro, while global equities and commodities such as oil sank, evidence that investors are pricing in an increased risk that Greece could default on its debt and leave the euro after Athens failed ...

CBOT wheat to retest resistance at $5.71-1/4 SINGAPORE: CBOT July wheat is expected to retest a resistance at $5.71-1/4 per bushel, after a shallow retracement to a support at $5.60-1/4.The resistance and the support are identified respectively as the 114.6 percent and the 100 percent Fibonacci projection levels of an upward wave C, the third wave of a three-wave cycle that developed from the May 5 low of $4.60-3/4. This wave may extend into a range of $5.89-12 to $6.07-1/2, formed by ...

Gold edges up ahead of talks to clinch Greek debt deal LONDON: Gold edged off two-week lows on Friday on caution ahead of crunch talks on Greece this weekend, although concerns over the longer-term outlook for the metal in an environment of rising interest rates capped gains. Greece failed again to clinch a deal with its international creditors on Thursday, setting up a last-ditch effort on Saturday either to avert a default next week or start preparing to protect the euro zone from financial market turmoil. ...


Index Closing Chg%
Arrow DJIA 17,730.11 0.16
Arrow Nasdaq 5,009.22 0.08
Arrow S&P 2,076.78 0.03
Arrow FTSE 6,585.78 0.67
Arrow DAX 11,058.39 0.37
Arrow CAC-40 4,808.22 0.57
Arrow Nikkei 20,539.79 0.08
Arrow H.Seng 26,064.11 0.83
Arrow Sensex 28,092.79 0.53

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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 $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 01, 2015
Reserves $18.5 bln