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China's daily steel output hits record high in April SHANGHAI: China's average daily crude steel output hit a record 2.29 million tonnes in April, as steel mills lifted production to meet seasonal demand, though signs of weakness in factory output and the property sector could feed through later in the year.Steel demand in China, the world's top producer, traditionally improves in the second quarter as construction and manufacturing pick up alongside warmer weather. April's crude steel output of 68.84 million tonnes, was below the record high of 70.25 million tonnes in March, data from the National Bureau of Statistics showed. But daily production rate trumped the previous record of 2.27 million tonnes hit in March. "Steel mills' profits are improving in the second quarter, with some seeing as much as 300-400 yuan ($48-64) a tonne," said Du Hui, an analyst with Qilu Securities in Shanghai. Total output for the first four months rose 2.7 percent to 271.86 million tonnes ...

China's April crude steel output rises 2pc on year SHANGHAI: China's crude steel output rose 2.1 percent to 68.84 million tonnes in April from the same month a year ago, government data showed on Tuesday, as steel mills in the world's largest producer increased production amid modest growth in demand.Output was below a record high of 70.25 million tonnes hit in March. Copyright Reuters, 2014

Gold steady on Ukraine but fund outflows threaten gains SINGAPORE: Gold held on to overnight gains on Tuesday as the ongoing Ukraine crisis stoked its safe-haven appeal, but the metal was at risk of falling back on weak physical demand and bullion-fund outflows.Spot gold was little changed at $1,294.75 an ounce by 0253 GMT, after gaining 0.5 percent on Monday. The metal traded in a wide range in the previous session, climbing at one point to $1,303.80 before giving back some gains.Pro-Moscow rebel leaders ...

Wheat extends decline into fifth session SYDNEY: US wheat futures fell for the fifth session on Tuesday as prices continued to come under pressure from US forecasts for ample global stocks, though confirmation of crop damage in the world's largest exporter reined in losses.Corn was little changed despite the US Department of Agriculture pegging planting progress in excess of market expectations, while soybean prices firmed, rebounding from losses of 1.5 percent the day before.Chicago Board of Trade July wheat futures fell ...

Shanghai copper up 2pc; nickel hits new 27-month peak SYDNEY: Shanghai copper rose as much as 2.1 percent on Tuesday on covering of short positions by investors due to tight local supply, while London nickel hit a fresh 27-month peak, underpinned by fears of a worsening supply shortfall. "The copper market is tight inside and outside China," said Joel Crane, analyst at Morgan Stanley in Melbourne. "Inventories are falling, we are in the midst of peak Chinese demand season, Chinese producers are going to ...

China iron ore futures post biggest daily gain in one month, but caution stays SHANGHAI: Chinese iron ore futures jumped on Tuesday after a four-day slide as steel mills in the world's top consumer of the two commodities picked up buying, while a fragile outlook for increasing supplies is expected to cap gains.A fall in iron ore prices to a seven-week low on Monday has encouraged steel mills to step up purchases, but mills are cutting buying prices in the face of emerging oversupply and high stockpiles at ports."Steel ...

NY coffee may fall to $1.7855 SINGAPORE: New York July coffee is expected to test a support at $1.8214 per lb, with a good chance of breaking below this level and falling further to $1.7855.The support is provided by the 123.6 percent Fibonacci projection level of a downward wave C which started at the April 29 high of $2.1255.This wave may eventually travel to $1.7275, its 161.8 percent projection level, which is also pointed by a trendline parallel to the upper ...


Index Closing Chg%
Arrow DJIA 16,790.19 0.08
Arrow Nasdaq 4,748.36 0.69
Arrow S&P 1,979.92 0.36
Arrow FTSE 6,326.16 0.43
Arrow DAX 9,902.83 0.90
Arrow CAC-40 4,660.64 0.95
Arrow Nikkei 18,186.10 1.00
Arrow H.Seng 21,831.62 0.10
Arrow Sensex 26,932.88 0.55

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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