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Gold prices edge down as investors prefer riskier bets LONDON: Gold edged lower on Thursday as signs of a strengthening US economy encouraged investors to take riskier bets, but speculation that central banks will stick to easy money policies in the near future put a floor under prices.Sterling and the euro rose after the Bank of England opted not to restart gilt purchases and the European Central Bank left interest rates unchanged.Investors are waiting to see whether ECB chief Mario Draghi will hint at further stimulus measures at a news conference at 1330 GMT.Gold prices have held in a narrow range for four sessions, as market participants question whether they should hold gold as a haven against easy money policies at a time when encouraging US data and growing risk appetite have propelled stock markets to their highest levels since the 2008 financial crisis."Investors are not really looking for safe havens at the moment," said Eugen Weinberg, head of ...

European wheat at 8-month low on bigger global supply PARIS: European wheat futures extended losses on Thursday to hit an eight-month low as signs of a recovery in global supply continued to dampen prices.* A near nine-month low for US wheat at the previous close in Chicago increased technical pressure on Paris futures, pushing them through another support level, traders said.* The market is now awaiting weekly US and European export data later on Thursday, and especially monthly supply/demand estimates from the US Department ...

Physical Sugar-Chinese imports seen beating expectations in Q1 LONDON: Chinese raw sugar imports look likely to exceed trade expectations in the first quarter, helping to absorb surpluses before an expected early start to the harvest in the centre-south of top producer Brazil.Two senior trade sources said vessel line-ups in Brazil and Central America suggested Chinese raw sugar imports from origins excluding Cuba, could exceed 500,000 tonnes in the first three months of 2013, comfortably above expectations. Cuba has a 400,000-tonne export agreement with ...

NEW DELHI: India will offer 5 million tonnes more wheat for export direct to private traders, ministers said on Thursday, doubling volumes to a record high, as part of efforts to avoid stocks rotting and make room for the new harvest. Food Minister K.V. Thomas said the extra volumes would come from the 2012 harvest and would have a floor price of 14,800 rupees ($270) per tonne plus taxes -- a level traders said equated ...

Iron ore edges up as buying interest returns, but deals scarce SINGAPORE: Spot prices of iron ore bounced back from six-week lows as some buyers from top importer China returned to the market, although deals were scarce.Traders were hopeful the drop in iron ore prices from 16-month highs in late February might lure buyers back, with Chinese steel mills continuing to lift production.China's daily crude steel output rose 1.4 percent to 2.034 million tonnes in the last eight days of February versus the preceding 10 days, ...

Wheat climbs after sharp loss but still near 9-month low SYDNEY: US wheat edged higher on Thursday due to bargain hunting after posting its biggest one-day drop in nearly four months in the previous session.The grain, however, stayed close to nine-month lows hit on Wednesday, weighed down by improved crop weather.Corn rose too after recording its biggest daily loss in almost six months in the previous session, while soybeans were little changed for the second straight day.Chicago Board Of Trade May wheat rose 0.26 percent ...

Palm oil edges lower in thin trade, industry data eyed KUALA LUMPUR: Malaysian palm oil futures inched lower in thin volume on Thursday, as investors stayed cautious ahead of key industry data, waiting for a clearer picture of the global oilseeds supply and demand scenario.Traders are looking ahead to Friday's US Department of Agriculture (USDA) report, which is expected to trim its outlook for soybean supplies, according to a Reuters poll.The market also lacked clear direction after leading analysts presented differing price forecasts for the ...


Index Closing Chg%
Arrow DJIA 16,614.81 1.31
Arrow Nasdaq 4,419.48 2.40
Arrow S&P 1,941.28 1.96
Arrow FTSE 6,372.33 1.68
Arrow DAX 8,886.96 1.94
Arrow CAC-40 4,081.24 2.25
Arrow Nikkei 14,804.28 2.03
Arrow H.Seng 23,088.58 0.08
Arrow Sensex 26,575.65 0.55

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln