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Copper rebounds from 3 month low after Yellen comments SINGAPORE: London copper rebounded on Thursday from three-month lows touched the previous session after dovish comments by Federal Reserve Vice Chair Janet Yellen soothed concerns that the United States could begin tapering its huge bond-buying programme this year. Copper on Wednesday finally crashed out of the $7,000-$7,420 a tonne range that it had been holding for the past three months as rising risk aversion and growing supply blunted appetite for metal and damaged its chart picture. "People are in a bit of a state of confusion over the timing of tapering," said analyst Alexandra Knight of National Australia Bank in Melbourne. "The US jobs data came out earlier in the week, which swung expectations towards tapering this year, but maybe Yellen's comments have pushed it back a bit the other way," she added. Yellen, President Barack Obama's nominee to lead the Federal Reserve, thinks the US central bank has "more ...

Gold extends gains as Yellen calms stimulus tapering fears SINGAPORE: Gold extended gains into a second session on Thursday after Janet Yellen, likely the next chair of the Federal Reserve, indicated the US central bank would continue to support the economy through its stimulus measures.Prices had fallen sharply in the four sessions through Tuesday after strong US economic and jobs growth data raised fears the Fed could begin tapering its stimulus in December.However, in remarks prepared for delivery to the Senate Banking Committee on ...

CBOT corn ends down on possible reduction in corn use CHICAGO: Chicago Board of Trade corn futures closed lower on Wednesday on hesitant buying ahead of a potential decision that may lower the use of corn to produce ethanol, traders said.CBOT December corn last traded down 2-1/2 cents per bushel at $4.29-3/4 per bushel. The EPA has proposed lowering the ethanol blending mandate for next year which could trim the amount of corn used for the fuel and add to the supply of corn that ...

CBOT front-month wheat ends higher for first time since Nov. 1 CHICAGO: Chicago Board of Trade wheat futures were narrowly mixed on Wednesday, with the front-month contract closing slightly higher on a mild short-covering bounce.Deferred CBOT contracts were weaker, pressured by light export demand and weakness in the corn market.The front-month contract's higher close was its first since Nov. 1.Kansas City Board of Trade hard red winter wheat and MGEX spring wheat closed lower, their 11th straight negative sessions.China is likely to import 8 million tonnes ...

ICE arabica coffee plunges, Liffe sugar at more than 3-year low NEW YORK/LONDON: ICE arabica coffee futures plunged on Wednesday on technically-driven selling, erasing the previous day's gains and hurtling toward multi-year lows set last week under pressure from huge global supplies.London white sugar tumbled to a more than three-year low on weak demand, and cocoa futures gained after a late-session rally. The Thomson Reuters/Core Commodity CRB index gained, and the US dollar fell against a basket of global currencies. IntercontinentalExchange completed the acquisition of NYSE ...

ICE Canada canola dips on buying slow-down WINNIPEG: ICE Canada canola futures dipped on Wednesday as buying dried up after two days of gains and the Canadian dollar rose.Canola seen hitting psychological resistance around $500.Crushers and seed exporters were not strong buyers - trader.Traders noted most-active January contract was trading around its 50-day moving average. Funds, who follow technical indicators, are estimated to hold a small net short position.January canola lost $3.60 to $494.80 per tonne.January-March spread widened to a March premium ...

Kenya tea prices ease at latest sale NAIROBI: The average price of top Kenyan tea eased to $3.57 per kg at this week's auction from $3.72 per kg last week, traders said on Wednesday. Kenya is the world's leading black tea exporter and the crop is a major foreign exchange earner in east Africa's largest economy, alongside horticulture and tourism. Africa Tea Brokers (ATB) said in a market report that Best Broke Pekoe Ones (BP1s) sold at $2.36-$4.78 per kg from $2.82-$4.62 ...


Index Closing Chg%
Arrow DJIA 18,080.14 0.12
Arrow Nasdaq 5,092.09 0.71
Arrow S&P 2,117.69 0.23
Arrow FTSE 7,070.70 0.24
Arrow DAX 11,810.85 0.74
Arrow CAC-40 5,201.45 0.44
Arrow Nikkei 20,020.04 0.83
Arrow H.Seng 28,060.98 0.84
Arrow Sensex 27,437.94 1.07

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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln