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Asia Q2 cocoa grind falls 12pc yr/yr MANILA: Cocoa processing in Asia fell 12 percent in the second quarter from a year earlier to 142,325 tonnes, data from the Cocoa Association of Asia (CAA) showed on Friday. For the first six months of 2015, cocoa grinding, which reflects demand for chocolate's key ingredient, reached 287,063 tonnes, down 11 percent from the previous year. CAA groups cocoa grinders in Malaysia, Singapore and Indonesia. The second-quarter number was also down from 144,738 tonnes in January-March, and followed weaker grindings from Europe and the United States, with North American grinding hitting its lowest in 2-1/2 years. Copyright Reuters, 2015


Vietnam's 2015 rice exports seen down at 5.91mn T HANOI: Vietnam, the world's third-largest rice exporter, could ship 5.91 million tonnes of the grain this year, down 6.5 percent from 2014, with loading volumes expected to fall towards the year-end, the Vietnam Food Association said. Shipments in the last quarter of 2015 are projected at 1.4 million tonnes, down from 1.8 million tonnes forecast for the July-September period, after 2.7 million tonnes were loaded in the first six months, the association said in a ...

Copper tumbles to six-year low on worries about Chinese demand LONDON: Copper slumped to the lowest levels in six years on Friday after weak factory data from top metals consumer China highlighted lacklustre demand that could send prices even lower. China's factory sector contracted by the most in 15 months in July as shrinking orders depressed output to its lowest level since March 2014, the preliminary Caixin/Markit survey showed. Concerns over the Chinese economy combined with other headwinds are likely to keep weighing on metals ...

Palm inches lower to end week flat in post holiday lull JAKARTA: Malaysian palm oil futures inched lower on Friday, falling for a third straight session as quiet trading continued following the Muslim fasting month holiday period.By Friday's close, benchmark palm oil for October delivery on Bursa Malaysia Derivatives was down 0.55 percent at 2,177 ringgit ($571.69) a tonne. The contract was largely unchanged this week, inching down 0.09 percent.Trade volumes stood at 22,140 lots of 25 tonnes each on Friday, well below the roughly 35,000 ...

Gold seen limping into year-end before 2016 recovery LONDON: Gold is expected to struggle for the rest of this year after sliding to five-year lows on expectations of higher US interest rates, before snapping three years of losses in 2016, a Reuters poll showed on Friday. The survey of 35 analysts and traders, conducted over the last month but prior to this week's sharp selloff, returned an average gold forecast of $1,193 an ounce for 2015, 6 percent below last year's average and ...

Coffee prices to rise but still set for annual decline LONDON: Arabica coffee prices should rise before the close of 2015 from current depressed values but remain below end-2014 levels, a Reuters poll of 17 traders and analysts showed on Friday.Production was forecast to rise in 2015/16 in top grower Brazil, helping to cap any rebound in prices. A modest decline in prices was expected in 2016. Arabica futures were forecast to finish the year at $1.43 per lb, according to the median forecast in ...

Gold rout spurs buying spree of US Mint coins NEW YORK: The gold rout this week has spurred a buying spree of bullion coins in the United States, dealers said, as government data showed sales for this month have hit their highest in more than two years. With more than a week still to go until the end of the month, sales of US Mint American Eagle gold coins have vaulted above 110,000 ounces so far this month, the highest monthly tally since April ...


 



 
Index Closing Chg%
Arrow DJIA 17,751.39 0.69
Arrow Nasdaq 5,111.73 0.44
Arrow S&P 2,108.57 0.73
Arrow FTSE 6,631.00 1.16
Arrow DAX 11,211.85 0.34
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Arrow Nikkei 20,302.91 0.13
Arrow H.Seng 24,619.45 0.47
Arrow Sensex 27,563.43 0.38





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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%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln