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Copper hits one-week high as investors close bearish positions LONDON: Copper hit its highest in a week on Wednesday while nickel touched a two-week peak, as bearish investors closed out positions at the quarter-end and ahead of Chinese holidays. The market also got a boost from a bounce in shares of hard-hit commodity group Glencore and from reports of planned declines in production and inventories that may tighten the copper market. "We got month-end today and quarter-end as well, so there's some tidying up of positions with shorts taking profits," said Robin Bhar, head of metals research at Societe Generale in London. "We also saw some stability in Glencore's share price, that's probably helped the underlying commodities, copper in particular." Three-month copper on the London Metal Exchange had jumped 3.9 percent to $5,163.50 a tonne by 1428 GMT, the highest since Sept. 22. Copper closed little changed in the previous session, when it fell to its weakest in a ...

Soy, corn up in hesitant trade as markets await USDA report PARIS/SINGAPORE: US soybean and corn prices edged higher early Wednesday as traders mostly remained on the sidelines ahead of a widely watched US government report later in the session that is expected to show oilseed stocks at a four-year high. Chicago wheat futures softened in hesitant trade, torn between supportive concerns over dryness in the Black Sea region and pressure from ample global supplies. Chicago Board of Trade November soybeans were up 11 cents, or ...

Gold heads for biggest quarterly loss in a year LONDON: Gold eased on Wednesday, staying on track for its biggest quarterly loss in a year as the dollar strengthened and the market awaited clarity on the timing of a hotly anticipated U.S. interest rate rise.Platinum regained some ground after plunging to its lowest since December 2008 the previous day, but remained set for its biggest quarterly loss in seven years on fears of a demand fallout from the Volkswagen emissions scandal.Gold has fallen 4 ...

London copper firms on output cut; trade dwindles ahead of holiday MELBOURNE: London copper edged up on Wednesday as traders took heart from an output cut in Chile and a revival in Glencore shares, but volumes shrank ahead of a week-long break in top consumer China."Although individually this cut (in Chile) isn't meaningful, we're starting to see a few - maybe it's a reflection of financial stress in general in the big mining companies," said analyst Daniel Morgan of UBS in Sydney."It's a positive development. It ...

US wheat eases on ample supply; corn, soy little changed SINGAPORE: Chicago wheat futures eased for a third consecutive session on Wednesday under pressure from ample global supplies, but losses were limited by concerns over dryness in the Black Sea region.Soybean futures were little changed after gaining nearly 1-percent in the last session as investors covered short positions ahead of a US Department of Agriculture report which is expected to trim last year's production number.Chicago Board of Trade November soybeans had eased half a cent ...

NY sugar may bounce into 12.47-13.88 cents range in 3 months SINGAPORE: New York sugar may bounce into a range of 12.47-13.88 cents per lb before falling again over the next three months, as indicated by its wave pattern and a Fibonacci projection analysis.The range is formed by the 123.6 percent and the 114.6 percent Fibonacci projection levels of a downward wave C, the third wave of a three-wave cycle from the February 2011 high of 36.08 cents.Many small waves make up the wave C, with ...

CBOT wheat bound in $5.36-1/2 to $4.89-1/2 range in 3 months SINGAPORE: CBOT wheat may rise to $5.36-1/2 per bushel before falling towards support at $4.89-1/2 over the next three months, as indicated by its wave pattern, a Fibonacci projection analysis and a falling wedge.The contract is riding on a wave c, the third wave of a bigger wave C that developed from the July 23, 2012 high of $9.47-1/4. This wave c is capable of traveling to $3.37-3/4, its 100 percent projection level.Support at $4.89-1/2, ...


Index Closing Chg%
Arrow DJIA 16,776.43 1.85
Arrow Nasdaq 4,781.27 1.56
Arrow S&P 1,987.05 1.83
Arrow FTSE 6,298.92 2.76
Arrow DAX 9,814.79 2.74
Arrow CAC-40 4,616.90 3.54
Arrow Nikkei 18,005.49 1.58
Arrow H.Seng 21,854.50 1.62
Arrow Sensex 26,785.55 2.15

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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 05, 2015
Reserves $18.349 bln