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Copper price dips, nickel hit by record stocks LONDON: Copper prices slipped on Wednesday as some investors sold to lock in recent gains while nickel also fell after inventories hit an all-time peak. A retreat in the dollar has helped fuel gains in base metals over the past week with copper surging more than 10 percent trough-to-peak over the week to Tuesday. "After the significant bounce we've seen over the past week, led by copper, it's not completely surprising that base metals are coming off ever so slightly," said Nic Brown, head of commodities research at Natixis in London.Three-month copper on the London Metal Exchange ended down 0.3 percent at $6,125 a tonne.It ended the previous session little changed after stretching to $6,203.50 a tonne - its highest since Jan. 5. Traders say copper has entered a higher band of consolidation, underpinned by the 100-day moving average at $6,084. The current dip is expected to be a temporary ...


CBOT soybeans close lower on technical pressure; planting expectations CHICAGO: US soybean futures fell on Wednesday, pressured by technical sales, huge South American supplies and position squaring ahead of the US Agriculture Department's report on planting next week, traders said.Soymeal and soyoil prices also closed lower, but the drop in soyoil was kept in check by a rally in crude oil futures.Soybean prices firmed early in the session but turned lower after the benchmark CBOT May soybean futures contract failed to hold technical support ...

CBOT corn nears 1-month high on technicals, US planting outlook CHICAGO: Chicago Board of Trade corn futures climbed for the fourth straight session on Wednesday, rising to the highest levels since Feb. 27 on support from technicals and outlooks for reducing sowings in the United States, traders said.The four-session spike of 5.6 percent was the largest such gain since December even as CBOT May corn edged only narrowly higher on Wednesday, finding upside resistance at its 100- and 200-day moving averages.The higher prices came ahead ...

Gold hits 2-1/2-week high as German data lifts euro NEW YORK/LONDON: Gold hit 2-1/2-week highs on Wednesday, rising for the sixth straight session as upbeat German sentiment data helped drive the euro higher against the dollar, and as expectations for an imminent US interest rate rise receded.The euro was up 0.4 percent versus the US currency after a survey on German business morale fueled expectations that a euro zone economic recovery is strengthening, extending gains after US durable goods data missed expectations. Spot gold ...

Raw sugar rebounds from 6-year low, coffee rallies LONDON: Raw sugar futures turned higher on Wednesday as a weaker dollar helped the market rebound from a 6-year low but the scope for significant recovery was expected to be capped by plentiful supplies.Dealers said currency factors were playing a dominant role in the market with a further fall in the value of Brazil's real earlier in the day sending sugar prices to a fresh low before the currency staged a modest recovery as the ...

Raw sugar hits six-year low on weak real, abundant supplies LONDON: Raw sugar futures prices slumped to a fresh six-year low on Wednesday, weighed on by plentiful supplies as the cane crush in Brazil got underway while the continued weakness of the currency of the world's top producer added to the downward pressure on prices.Global stocks of sugar have been climbing during the last few years while the weakness of Brazil's real currency make exports more attractive to domestic producers."The weakness of the Brazilian real ...

Gold hits 2-1/2 week high as German data lifts euro LONDON: Gold hit 2-1/2 week highs on Wednesday as upbeat German sentiment data and weaker than expected U.S. durable goods numbers drove the euro higher against the dollar and as expectations for an imminent U.S. interest rate rise receded.The euro was up 0.4 percent versus the U.S. currency after a survey on German business morale fuelled expectations that a euro zone economic recovery is strengthening, extending gains after U.S. durable goods data missed expectations.Spot gold ...


 



 
Index Closing Chg%
Arrow DJIA 17,678.23 0.23
Arrow Nasdaq 4,863.36 0.27
Arrow S&P 2,056.15 0.24
Arrow FTSE 6,895.33 1.37
Arrow DAX 11,843.66 0.18
Arrow CAC-40 5,006.35 0.29
Arrow Nikkei 19,471.12 1.39
Arrow H.Seng 24,497.08 0.13
Arrow Sensex 27,457.58 2.33





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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJanuary
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln