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Gold near 1-month high on flight to safety, global slowdown worries LONDON: Gold steadied on Thursday to trade near its highest in more than a month, as the dollar and European shares weakened on worries over the strength of the global economy, sending investors in search for assets perceived as safer.Spot gold was unchanged at $1,241.40 an ounce by 0928 GMT. The metal rose to its highest since Sept. 11 at $1,249.30 in the previous session.U.S. gold futures also hit a one-month high on Wednesday and were trading down $3.60 an ounce at $1,241.30.The dollar was down 0.2 percent against a basket of main currencies, while European shares extended the previous session's selloff, when they shed 3.2 percent to score their biggest one-day slide in almost four years."With all the global growth worries, you'd have to bet that gold holds its own here and may look to test $1,250 and higher depending on what the U.S. stock markets do this afternoon," ...


Copper slumps to six-month low on economic growth worries LONDON: Copper prices plunged to their lowest levels in six months on Thursday, pressured by concerns about the outlook for global economic growth and caution about stimulus measures from the United States coming to an end.Three-month copper on the London Metal Exchange fell 1.1 percent to $6.568 a tonne at 0956 GMT, having earlier fallen to $6,558, its lowest since mid April and adding to hefty falls from the previous day when it closed more ...

Palm falls to more than 3-week low as crude oil slides KUALA LUMPUR: Malaysian palm oil futures fell to their lowest in more than three weeks on Thursday, dragged by sliding crude prices and worries that bigger supplies of rival edible oils would snatch food and fuel demand away from palm.Brent crude for November delivery dropped to $82.72 a barrel, the lowest since November 2010, while US crude fell $1.01 to $80.77 a barrel, as growing concerns over the global economy stretched a four-month rout.Palm oil ...

Egypt government approves plan to allow export of rice CAIRO: Egypt's government has approved plans to allow the export of rice, the supplies minister said on Thursday, bringing a major medium-grain rice exporter back into the international market for the first time since 2013.Traders would be allowed to export rice provided they sell the government one tonne of medium-grain rice at 2,000 Egyptian pounds($279.72) for every tonne of rice they export.Exporters would also have to pay a tariff of $280 per tonne exported, the ...

Ukraine winter wheat sowing 93pc complete KIEV: Ukrainian farmers had sown 5.7 million hectares of winter wheat as of Oct. 15, or 93 percent of the forecasted area, the agriculture ministry said on Thursday. Ukraine plans to sow a total of 6.2 million hectares of winter wheat for the 2015 harvest versus 6.1 million hectares sown last year, the ministry said in a statement. Winter wheat accounts for 95 percent of the country's overall wheat output. Ukraine harvested 24.4 million tonnes ...

Uganda coffee exports fall 7pc yr/yr in September KAMPALA: Uganda coffee exports for September fell by 7 percent to 207, 927 60-kg bags of coffee compared with the same month a year ago, an industry source said on Thursday, extending a pattern of lower exports this year. Industry experts in Uganda, Africa's number one exporter of coffee which mostly cultivates the robusta variety, said the coffee yield is usually poorer in some parts of the country at this time of the year. "We're ...

NY sugar to fall to 16.36 cents SINGAPORE: New York March sugar is expected to fall to a support at 16.36 cents per lb, a break below which will lead to a further loss to 16.16 cents.The support is provided by the 50 percent Fibonacci retracement on the rise from the Sept. 23 low of 15.51 cents to the Oct. 9 high of 17.20 cents. Sugar has cleared a former support at 16.55 cents, the 38.2 percent retracement, and is heading towards ...


 



 
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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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln