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Wheat hits 2-week high as US weather woes lift grain complex CHICAGO: US wheat futures climbed to a two-week high on Wednesday as concerns about poor weather in the US Midwest, Western Europe and Canada prompted a round of fund-driven short-covering, traders said.Corn and soybeans also advanced, rallying from early declines on unwanted rains in the Midwest that hurt yield prospects.At the Chicago Board of Trade at 12:31 p.m. CDT (1731 GMT), July wheat was up 6-3/4 cents at $5.28-1/4 a bushel after reaching $5.30, its highest since June 10.CBOT July corn was up 2-1/2 cents at $3.70 a bushel and July soybeans were up 2 cents at $9.89-1/2 a bushel.Storms were crossing parts of Iowa and central Illinois on Wednesday, and more were on the way."Tomorrow is the wetter day... when the rains will increase across central Midwest, (producing) generally 1.5 inches or so," said Don Keeney, a meteorologist at MDA Weather Services. "It is not good news for the ...


Gold edges off one-week low as Greece news knocks stocks LONDON: Gold edged higher on Wednesday after Greece said international lenders had rejected its latest proposals to avoid default, knocking stocks, and as a softer dollar helped the metal recover from a one-week low. The precious metal has declined for the last three days as the dollar strengthened, and as optimism over the prospects for a deal on Greece prompted investors to favour assets seen as higher risk, such as stocks. Prices hit their lowest ...

Copper slips on Greek jitters, looming summer demand slowdown LONDON: Copper slipped on Wednesday as investor sentiment reflected a looming slowdown in demand and market jitters over talks aimed at averting a Greek debt default. Markets reacted nervously to a statement from Athens saying that creditors had rejected certain proposals from Greece, but an EU official later said there had been no breakdown in talks. Elsewhere, London Metal Exchange data showed copper stocks fell to 311,475 tonnes, veering towards recent three-month lows around 308,000 ...

Gold retreats as Greek hopes lift stocks, euro slides LONDON: Gold eased on Tuesday, extending the previous day's losses as the euro slid against the dollar and European stocks rallied on hopes that Greece would reach a deal with its creditors to stave off default. Spot gold was down 0.3 percent at $1,181.35 an ounce by 1132 GMT, while US gold futures for August delivery were down $2.70 at $1,181.40. The metal posted its biggest one-day loss in nearly a month on Monday as ...

China May sugar imports triple to 520,000 tonnes BEIJING: China, one of the world's top sugar buyers, imported 520,000 tonnes of sugar in May, triple the amount a year earlier, as refiners sought to benefit from cheap global prices.The jump in volumes, which was widely expected after similar imports in April, has been spurred by tumbling global prices that hit their lowest levels in 6-1/2 years earlier this month.China's domestic sugar prices have also recently eased on demand concerns, but remain supported by ...

Copper slides to three-month low on demand worries LONDON: Copper prices slid to three-month lows on Monday as the dollar firmed and the market fretted about demand ahead of key manufacturing data from top consumer China.Benchmark copper hit a session low at $5,642.50 a tonne. The metal used in power and construction ended at $5,654 ended from $5,659 at the close on Friday.Also creating nervousness was Greece, which has presented the euro zone with proposals for a cash-for-reform deal."The market is waiting to ...

Soybeans to six-week high on US weather jitters CHICAGO: US soybean futures rose to a six-week high on Monday, buoyed by concerns about tightening old-crop supplies and excessive rains trimming new-crop yield prospects, traders said.Wheat and corn were also higher.At the Chicago Board of Trade as of 11:25 a.m. CDT (1625 GMT), the July soybean contract was up 15-1/2 cents at $9.87 per bushel after reaching $9.89-3/4, its highest level since May 6.Traders have begun positioning ahead of two hotly anticipated reports due ...


 



 
Index Closing Chg%
Arrow DJIA 17,596.35 1.95
Arrow Nasdaq 4,958.47 2.40
Arrow S&P 2,057.64 2.09
Arrow FTSE 6,620.48 1.97
Arrow DAX 11,083.20 3.56
Arrow CAC-40 4,869.82 3.74
Arrow Nikkei 20,109.95 2.88
Arrow H.Seng 25,966.98 2.61
Arrow Sensex 27,645.15 0.60





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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMay
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJune 25, 2015
Reserves $17.457 bln