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Gold slides as dollar strengthens ahead of Fed minutes LONDON: Gold fell on Wednesday, extending the previous session's slide, as the dollar strengthened ahead of minutes from the Federal Reserve's latest policy meeting, which will be scrutinised for clues on the U.S. rate outlook.The metal slid sharply on Tuesday, posting its biggest one-day loss since April 30, as the dollar rebounded from its weakest run against the euro in four years.Spot gold was down 0.1 percent at $1,206.05 an ounce at 0925 GMT, while U.S. gold futures for June delivery were down 80 cents at $1,205.90. Prices fell 1.5 percent on Tuesday after hitting a three-month high of $1,232.20 on Monday."Gold's weakness is mainly related to the dollar," Commerzbank analyst Daniel Briesemann said. "The up move last week was driven partly by speculation, the CFTC data show, so maybe these short-term oriented market players are (also) taking the higher prices as an excuse for profit taking.""The $1,200 mark seems ...


TOCOM tumbles to 3-week low after Shanghai's sharp loss TOKYO: Benchmark Tokyo rubber futures tumbled to a 3-week low on Wednesday despite the yen's fall against the U.S. dollar, as a sharp drop in Shanghai futures prompted a flurry of sells, dealers said.The Tokyo Commodity Exchange (TOCOM) rubber contract for October delivery closed 7.1 yen lower, or down 3.2 percent, at 215.6 yen ($1.78) per kg. It earlier dipped to as low as 215.3 yen, the lowest since April 28."Slumping prices in Shanghai market ...

Palm down for third day, tracking declines in competing markets JAKARTA: Malaysian palm oil futures slipped for a third session to their lowest in more than a week, tracking declines in competing oil markets.By Tuesday's close, the benchmark August contract on the Bursa Malaysia Derivatives exchange had declined 1.1 percent to 2,157 ringgit ($600.84) a tonne. Earlier in the session it touched 2,154 ringgit, its lowest since May 8.Total traded volume stood at 34,049 lots of 25 tonnes each, below the average of 35,000 lots."The ...

Wheat falls from 6-week high, impact of US rain awaited HAMBURG/SINGAPORE: Chicago wheat futures dropped on Tuesday, retreating from near six-week highs touched on Monday, pausing as dealers waited to see if forecast rain would actually damage crops in the US Plains - the assumption that had boosted prices.Excessive moisture can cause crop disease in maturing plants.Corn and soybeans also dropped after US government reports showed brisk planting progress. A stronger dollar also weakened sentiment.Chicago Board of Trade July wheat fell 1.3 percent to $5.14-1/4 ...

Nickel slides after inventories hit record, copper at 2-week low LONDON: Nickel prices posted their biggest one-day fall in over a month on Tuesday after inventories jumped to a record high, highlighting an overhang of supplies weighing on the market.Copper and other base metals also fell, pressured by the strong dollar, weaker oil prices and investors selling to lock in profits from a recent rally.Three month nickel on the London Metal Exchange fell 2.6 percent to $13,400 a tonne by 0935 GMT, the biggest one-day ...

TOCOM ends lower on profit booking TOKYO: Benchmark Tokyo rubber futures fell on Tuesday as investors took profits after two sessions of gains and as oil prices dropped in thin trade with investors awaiting China's economic data due later this week for clues about demand in the world's top buyer.The Tokyo Commodity Exchange (TOCOM) rubber contract for October delivery finished lower 1.2 yen, or 0.5 percent, at 222.7 yen ($1.86) per kg."The market was weighed down by lower oil prices," said ...

Gold snaps five-day rally on dollar gains, higher shares LONDON: Gold's five-day rally ran out of steam on Tuesday as the dollar rose sharply against the euro while European shares gained ground after the European Central Bank suggested it may speed its 1 trillion euro ($1.12 trillion) bond-buying programme.Steady U.S. 10-year bond yields and uncertainty ahead of the minutes from the latest Federal Reserve policy meeting also weighed on sentiment towards gold.As gold does not pay interest, the rise in returns from U.S. bonds ...


 



 
Index Closing Chg%
Arrow DJIA 18,232.02 0.29
Arrow Nasdaq 5,089.36 0.03
Arrow S&P 2,126.06 0.22
Arrow FTSE 7,031.72 0.05
Arrow DAX 11,815.01 0.42
Arrow CAC-40 5,142.89 0.07
Arrow Nikkei 20,264.41 0.30
Arrow H.Seng 27,992.83 1.70
Arrow Sensex 27,957.50 0.53





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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%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyMay 21, 2015
Reserves $17.75 bln