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Wheat falls for 5th day on ample global supply, soybeans firm HAMBURG/SINGAPORE: US wheat eased for a fifth straight session on Wednesday, touching a new contract low as ample global supply continued to pressure prices.Soybeans rose for the fourth session and corn was little changed as traders squared positions ahead of the US Federal Reserve's decision on its stimulus programme, due later on Wednesday"Wheat prices are being weakened today by good global supplies, a trend we have seen for several days," said Commerzbank analyst Michaela Kuhl. "Overall, prospects for the new 2014-2015 season are also positive, bringing the outlook of good supplies into the new season."Chicago Board of Trade March wheat was down 0.5 percent to $6.16-1/4 a bushel at 1123 GMT after earlier touching a new contract low of 6.14-3/4, the lowest since June 2012.Chicago January soybeans rose 0.1 percent to $13.49 a bushel. March corn was up a marginal 0.06 percent at $4.27 a bushel after rising 0.8 percent ...


Indian gold futures rebound from 2-month low MUMBAI: Gold futures in India rebounded on Wednesday from their two-month low hit in the previous session, though premiums remained high due to lack of stocks in the domestic market.At 0948 GMT, the most-active gold for February delivery on the Multi Commodity Exchange was 0.32 percent higher at 28,770 rupees per 10 gram. It had hit a low of 28,642 rupees on Tuesday, a level last seen on Oct. 15.Silver for March delivery was 0.82 ...

Palm ends lower as competing soy market drag KUALA LUMPUR: Malaysian palm oil futures ended lower on Wednesday, following weaker competing soy markets in China and the United States, but prices were held up by the ringgit's poor performance and concerns of another wave of floods disrupting output of the tropical oil.The US soyoil contract for January fell 0.7 percent in late Asian trade, while the most active May soybean oil contract on the Dalian Commodities Exchange lost 0.4 percent.Lower soyoil prices could ...

Indian soyoil futures at 2-month low on global cues MUMBAI: Indian soyoil futures fell more than 1 percent on Wednesday to hit their lowest level in more than two months, weighed by weak Malaysian palm, while rapeseed also eased on higher area under cultivation.Malaysian palm oil futures edged lower on Wednesday, following weaker competing soy markets in China and the United States.At 1433 IST, the key January soyoil contract was down 1.08 percent at 684.90 rupees per 10 kg on the National Commodity and ...

Wheat falls for 5th day on ample supply; soy, corn dip SINGAPORE: US wheat eased for a fifth straight session on Wednesday, hitting a new contract low as ample global supply continued to pressure prices.Soybeans fell for the first time in four sessions and corn gave up some of Tuesday's gains as traders squared positions ahead of the US Federal Reserve's decision on its stimulus programme."Sentiment in the wheat market is rather bearish as large crops are replenishing global supplies, giving little reason for the market ...

Copper edges down for 2nd day ahead of Fed outcome SINGAPORE: London copper futures eased for a second session on Wednesday, dropping further from near two-month highs reached earlier in the week on worries the Federal Reserve could curb its monetary stimulus. The Fed ends a two-day policy meeting later in the day, with recent upbeat US economic data bolstering expectations it could soon start cutting massive bond purchases that have boosted liquidity and appetite for risky assets such as copper. "The market's jittery about ...

China's iron ore futures fall to contract low on weak buying SHANGHAI: China's iron ore futures extended losses to sink to a contract low on Wednesday as steel mills in the world's top consumer curbed purchases on high inventories and falling steel prices. High stockpiles at main Chinese ports have restrained restocking interest by steel mills ahead of winter production and with expectations increased supply would weigh on prices. "The physical market has actually been weak over the past few weeks and the previous gains in ...


 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyApril
Trade Balance $-1.795 bln
Exports $1.995 bln
Imports $3.790 bln
WeeklyMay 28, 2015
Reserves $17.494 bln