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Sugar rises, cocoa steadies, traders focus on El Nino LONDON: Raw sugar futures gave up gains as the Brazilian real currency weakened on Friday, while coffee and cocoa were little changed, with softs dealers focused on the potential impact of the El Nino weather phenomenon on supplies. Raw sugar futures were underpinned by concerns that an El Nino event - in which a warming of the Pacific Ocean leads to a shift in weather patterns - could lead to more rain in Brazilian crop areas. "There is the possibility of having less cane crushed," a senior London-based trade source said. A broker said: "We are in a 12.50-13.50 cents a lb range." July raw sugar was up 0.15 cents, or 1.2 percent, at 12.99 cents a lb at 1349 GMT, having lost ground as the Brazilian real weakened. The contract had earlier rallied over 2 percent to a session peak of 13.12 cents a lb, and was within sight ...


Gold steadies near three-month high after soft US data LONDON: Gold held near three-month highs on Friday, heading for its biggest weekly gain since mid-January, as soft US consumer sentiment data weighed on the dollar and further diminished expectations for a near-term rise in US interest rates. The dollar eased against the euro in the wake of the report, allowing gold to extend a three-day rally that took prices to their highest since mid-February on Thursday at $1,227.04. Spot gold was up 0.2 percent ...

Copper steadies as dip in dollar offsets worries about demand LONDON: Copper prices edged into positive territory on Friday as a slightly weaker dollar balanced worries that a recent rally as overshooting the supply-demand fundamentals. Most industrial metals fell earlier in the European session, but erased their losses as the dollar slipped after downbeat US data. A weaker dollar boosts the purchasing power of commodities buyers holding other currencies. The dollar came under pressure after US consumer sentiment fell more than expected in May and ...

Taiwan's MFIG buys 130,000 tonnes corn in tender HAMBURG: Taiwan's MFIG purchasing group bought 130,000 tonnes of yellow corn to be sourced from Brazil in a tender that closed on Thursday, European traders said on Friday.The corn was purchased in two 65,000 tonne consignments, the traders said.One consignment was purchased from Mitsui for July 5-24 shipment at a premium of 129 US cents a bushel c&f over the Chicago September corn contract, they said.The other consignment was purchased from Cargill at 125.40 cents ...

Malaysia's May 1-15 palm oil exports up 54pc KUALA LUMPUR: Exports of Malaysian palm oil products for May 1-15 rose 54 percent to 737,308 tonnes, from 477,295 tonnes shipped during April 1-15, cargo surveyor Intertek Testing Services said on Friday.Copyright Reuters, 2015

CBOT soybeans to retest resistance at $9.61-1/4 SINGAPORE: CBOT soybeans July contract could have temporarily bottomed around a support at $9.56-3/4 per bushel and may retest a resistance at $9.61-1/4.The support and the resistance are identified respectively as the 100 percent and the 86.4 percent Fibonacci projection levels of a presumed wave c, the third wave of a three-wave cycle that developed from the April 30 high of $9.95.The contract has managed to stabilize around the support, indicating a dissipation of the ...

Iron ore cuts weekly gain as Chinese buying stalls SINGAPORE: Spot iron ore prices are set to pare weekly gains after the commodity came off a 10-week high as Chinese buying interest stalled following a recent restocking binge.Australian miner Atlas Iron said on Friday it will resume full mining operations, given the recent rebound in iron ore prices to above $60 a tonne, potentially adding to a glut that has caused prices of the raw material to shed more than 50 percent from the ...


 



 
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
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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