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Raw sugar hits seven-year low as commodity markets retreat LONDON: Raw sugar futures slumped to a seven-year low while arabica coffee slid to its weakest level in more than 1-1/2 years on Monday as slowing economic growth in China prompted broad-based losses in commodity markets. Dealers said the weakness of Brazil's real had also been a factor in the recent slide, making prices more attractive in local currency terms for producers in the world's top grower of both commodities. "Today has been a bad day for markets across the board with the news coming out of China and the fear gripping equity markets," Capital Economics analyst Hamish Smith said. "The continued weakness of the Brazilian real has also been one of the key factors driving (coffee and sugar) prices lower." October raw sugar on ICE was off 2.0 percent at 10.23 cents a lb at 1120 GMT after earlier touching a 7-year low of 10.13 cents. December arabica coffee ...

Gold below multi-week highs; PGMs tumble on equities rout LONDON: Gold edged lower on Monday but remained near a seven-week high as the dollar and shares tumbled on concerns about the Chinese economy and uncertainty over the timing of a US rate rise.The dip was partly due to heavy losses in the rest of the commodities sector, with crude oil down almost 4 percent and copper falling to a six-year low. Platinum dropped 3 percent and palladium hit its lowest in three years at ...

Soybeans fall to new 6-year lows as China sell-off deepens PARIS/SYDNEY: US soybeans fell to fresh six-year lows on Monday, caught up in a latest slide in commodity markets fanned by fears about the faltering economy in China, which is by far the largest importer of the oilseed. Soybeans were also under pressure from favourable crop weather in the United States, which was easing concern about damage from torrential rain at the start of the growing season. Corn and wheat also fell as spillover from ...

Copper tumbles to six-year low, China worries dominate LONDON: Copper prices tumbled to six-year lows on Monday alongside Shanghai equities on growing nervousness about economic activity and demand prospects in top industrial metals consumer China. Benchmark copper on the London Metal Exchange fell more than 3 percent to $4,882 a tonne in early trade. The metal used in power and construction traded at $4,885 a tonne in official rings, from $5,055 at Friday's close. "The market fears a severe deterioration in Chinese demand. ...

Bangladesh plans to import 950,000 T wheat in year to June 2016 DHAKA: Bangladesh's state grains buyer plans to import 950,000 tonnes of wheat in the year to June 2016, up from 300,000 tonnes the previous year, seeking to secure food supplies. "We will seek wheat with 12.5 percent protein content to ensure quality," said Ilahi Dad Khan, procurement director at the Directorate General of Food. The announcement came after the Supreme Court questioned the quality of recent Brazilian wheat imports, prompting the state buyer to seek ...

India's imports of gold-silver alloy may almost double PANAJI: India's imports of dore, a semi-pure alloy of gold and silver, are rising fast and could nearly double this fiscal year, the head of the country's top gold refiner said on Saturday.A lower duty of 8.24 percent on dore, versus the overall tax of 10.30 percent on the import of refined gold, is pushing refineries to buy more. Some new refineries have also added to demand."In the last few months, dore imports are going ...

China July sugar imports up 72.7pc y/y at 485,027 tonnes BEIJING: China imported 485,027 tonnes of sugar in July, up 72.7 percent on the year, customs data showed on Friday.China, one of the world's top sugar importers, has picked up the pace of its buying this year, as global prices hit multi-year lows, offering huge discounts over domestic sugar.Copyright Reuters, 2015


Index Closing Chg%
Arrow DJIA 16,643.01 0.07
Arrow Nasdaq 4,828.32 0.32
Arrow S&P 1,988.87 0.06
Arrow FTSE 6,247.94 0.90
Arrow DAX 10,298.53 0.17
Arrow CAC-40 4,675.13 0.36
Arrow Nikkei 19,136.32 3.03
Arrow H.Seng 21,612.39 1.04
Arrow Sensex 26,392.38 0.61

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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 $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln