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Liffe ups white sugar delivery limit LONDON: Exchange NYSE Liffe has revised up the delivery position limit on its white sugar contracts from the May delivery month, an exchange notice said.White sugar deliveries will be capped at 10,000 lots or 500,000 tonnes, up from 250,000 tonnes previously.The delivery limit exemption was revised up to 750,000 tonnes from 500,000 tonnes previously.The exchange notice said accountability levels - which once exceeded require information is given to the exchange, such as the rationale for a position - were set at 10,000 lots for the front month and 20,000 lots for deferred delivery months.Delivery limits were introduced on Liffe's robusta coffee, cocoa, white sugar and feed wheat contracts from November last year, as pressure for European commodity markets to tighten regulation spurred the changes."White sugar should indeed be subject to delivery limits, given the regulatory developments at European level," said the exchange. Copyright Reuters, 2013

India gold demand jumps on fears of higher import duty MUMBAI: Gold demand in India, the world's biggest consumer of the metal, jumped on Wednesday as buyers preponed purchases on concerns the government may raise the import duty on Thursday to control a record current account deficit.The government has already targeted gold, second only to oil in value of imports, by raising the duty to 6 percent from 4 percent on Jan. 21. A government report on Wednesday recommended reining in gold imports to curb ...

Palm dips to near 6-wk low, Europe keeps market on edge KUALA LUMPUR: Malaysian palm oil futures inched down on Wednesday to a near six-week low, stretching losses into a sixth straight session with investors remaining cautious that uncertain overseas markets could weigh on demand for the tropical oil.Prices had crept up 0.7 percent by the midday break as traders retraced from liquidations earlier in the week, but dropped later to as low as 2,395 ringgit per tonne.Market players are now watching Italy's 6.5 billion euro ...

Gold prices retreat after sharp post-Fed rally LONDON: Gold retreated on Wednesday after rising more than 1 percent in the previous session as investors cashed in some gains ahead of a second day of testimony by Federal Reserve Chairman Ben Bernanke and a string of US economic data.The metal posted its biggest one-day rise in three months on Tuesday after Bernanke provided reassurance on the Fed's commitment to loose monetary policy, burnishing bullion's appeal as a hedge against inflation.It struggled to maintain ...

Egypt wheat stocks sufficient for 95 days-minister CAIRO: Egypt, the world's biggest wheat importer, has strategic stocks of nearly 2.3 million tonnes of the grain from international and local markets, enough to last until late May, the country's supplies minister said on Wednesday."The strategic government stocks of local and imported wheat have dropped to 2.292 million tonnes, enough for 95 days or until 29 May 2013, compared to 101 days last week," Bassem Ouda, supplies minister, said in a report presented to ...

Ivory Coast LONDON/ABIDJAN: Reforms designed to give Ivory Coast cocoa farmers better returns could turn sour, as a sinking world market may force the world's top grower to cut its farmer price, risking a political backlash and jeopardising future supply.Under a sweeping overhaul of the cocoa sector aimed at improving farmers' incomes and encouraging reinvestment in ageing plantations, Ivory Coast forward sold the bulk of its 2012/13 production. Selling the crop in advance of its harvest enables ...

NY cocoa signals mixed SINGAPORE: Signals are mixed for New York May cocoa as it is not clear that a rebound from the Feb. 21 low of $2,102 will extend.The rebound has almost been reversed by the drop on Tuesday, however, cocoa finally closed above $2,102, leaving some room for a possible extension of the rebound.In the meantime, the preceding downtrend developing from the Feb. 7 high of $2,260 will not be confirmed until $2,102 is broken.The bias seems ...


Index Closing Chg%
Arrow DJIA 17,810.06 0.51
Arrow Nasdaq 4,712.97 0.24
Arrow S&P 2,063.50 0.52
Arrow FTSE 6,750.76 1.08
Arrow DAX 9,732.55 2.62
Arrow CAC-40 4,347.23 2.67
Arrow Nikkei 17,357.51 0.33
Arrow H.Seng 23,437.12 0.37
Arrow Sensex 28,334.63 0.95

Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln