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ICE cotton dips for 5th straight day on strong dollar, lack of buying NEW YORK: ICE cotton fell to a two-week low on Wednesday for its fifth straight session of losses as the dollar strengthened and speculators, who had fueled a rally that peaked last Thursday, continued to hold off on new buying.The most-active May cotton contract on ICE Futures U.S. dipped 0.03 cent, less than 0.1 percent, to settle at 63.60 cents a lb, after falling as low as 63.05 cents a lb, the lowest level since Feb. 17.Wednesday marked fiber's fifth straight session of losses, its longest such streak since early July of 2014.The slight losses came as the U.S. dollar rose to an 11-1/2 year high against a basket of currencies. A stronger dollar pressures greenback-traded commodities like cotton by making them more expensive to holders of other currencies.Speculators held off on buying after contributing to a five-week rally in cotton that drove prices to five-month highs last Thursday.Mills, after ...

Gold retreats on strong dollar after US data NEW YORK/LONDON: Gold prices fell on Wednesday, heading for a third day of losses, as the dollar extended gains versus the euro after U.S. economic data.Data on Wednesday showed U.S. private employers added 212,000 jobs in February, while January's private payrolls were revised upwards to 250,000.Spot gold, higher initially, fell 0.3 percent to $1,199.80 an ounce by 2:47 p.m. EST (1947 GMT). The metal had fallen to a one-week low of $1,194.90 on Tuesday, dented ...

Palm oil prices set for a ‘year of two halves’, biodiesel demand eyed KUALA LUMPUR: Palm oil prices are set for a "year of two halves", rising over the next few months as demand overwhelms supply but slipping to as much as six-year lows later in 2015 as output climbs, analysts said at an industry conference. Demand for the tropical oil would also face headwinds from bulging world supplies of rival soyoil and weak Brent crude prices that make palm an unattractive option for blending into biodiesel, they ...

Raw sugar hits lowest since 2010, arabicas higher LONDON: Raw sugar futures hit their lowest level since 2010, pressured by expectations for a big Brazilian, while arabica coffee bounced on technically driven buying from the prior session's one year low.New York cocoa eased, weighed by a stronger dollar. The market was underpinned by crop concerns on No. 2 grower Ghana.Raw sugar futures dipped to the lowest level in nearly five years on prospects for a big Brazilian cane crop, a weak real currency, ...

Gold up on lower shares, but strong dollar weighs LONDON: Gold rose on Wednesday, following two straight sessions of losses, helped by lower European shares but a stronger dollar ahead of major US economic data weighed.Spot gold was up 0.3 percent at $1,207.10 an ounce by 1231 GMT. The metal had fallen to a one-week low of $1,194.90 on Tuesday, dented by an 11-year high of the dollar and expectations of a US interest rate hike.US gold for April delivery rose $1.70 to $1,206.20 ...

Indonesia self-sufficiency push will drive up beef prices JAKARTA: Plans by Indonesia's new president to make the nation self-sufficient in foods such as beef are showing signs of backfiring, with a major industry group warning prices for the meat could soar 50 percent in the next few months.Climbing meat prices as the government clamps down on imports could exacerbate a rise in inflation that would likely come if oil prices make a strong recovery from their recent lows, hitting efforts to boost Southeast ...

TOCOM ends higher in choppy trade, follows early Shanghai rally TOKYO: Benchmark Tokyo rubber futures closed higher on Wednesday as a temporary rally in Shanghai futures prompted short-covering towards end of trade, but the rise may be short-lived going into Thursday as Shanghai pared gains to end weaker, dealers said.Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber prices in Southeast Asia, dropped to 216.6 yen in early trade as investors took profits on concerns Shanghai futures could decline after recent gains.The ...


Index Closing Chg%
Arrow DJIA 18,135.72 0.21
Arrow Nasdaq 4,982.81 0.32
Arrow S&P 2,101.04 0.12
Arrow FTSE 6,961.14 0.6
Arrow DAX 11,504.01 1.00
Arrow CAC-40 4,963.51 0.94
Arrow Nikkei 18,751.84 0.26
Arrow H.Seng 24,193.04 1.11
Arrow Sensex 29,448.95 0.23

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $16.137 bln