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Corn falls for 3rd day on ample supply, soy eases after rally SINGAPORE: Chicago corn slid for a third straight session on Tuesday under pressure from record supplies, while wheat edged higher as cold weather threatened the US winter crop. Soybean prices fell after the market rallied 1.3 percent in the last session on strong demand from domestic processors and importers."The soybean market is taking a bit of a breather here," said Paul Deane, an agricultural economist at ANZ Bank in Melbourne. "It is a reasonable value until we get to know what the Brazilian crop will do from here." Chicago Board of Trade January soybeans had fallen 0.7 percent to $10.29-1/4 a bushel by 0253 GMT. Corn lost 0.2 percent to $3.76-3/4 a bushel and wheat rose 0.1 percent to $5.52-1/2 a bushel. Farmers have harvested 89 percent of the US corn crop, up from 80 percent a week ago and slightly higher than five-year average of 88 percent, the US ...


Gold holds below 2-wk high on robust dollar, US economy SINGAPORE: Gold held below a two-week peak on Tuesday, its safe-haven appeal dulled with the dollar near a four-year high and growing signs of strength in the US economy.The dollar held steady on Tuesday after European Central Bank officials raised the prospects of further stimulus and as investors waited to see if Japan's leader would call a snap election after the country slipped into recession.A stronger greenback makes dollar-denominated gold more expensive for holders of ...

Dalian iron ore futures sink to record level, spot hits lowest since 2009 SINGAPORE: Iron ore futures in China tumbled nearly 4 percent to a record low on Tuesday as benchmark spot prices stretched this year's rout to hit their weakest level since 2009 as a supply glut continued to pressure the commodity.Iron ore has lost 44 percent of its value this year as big, low-cost miners such as Rio Tinto, BHP Billiton and Vale, boosted output that reached record levels in the past quarter amid slowing demand ...

Soy eases after rally, corn falls for 3rd day on ample supply SINGAPORE: US soybeans dipped on Tuesday due to plentiful supplies, after the market rallied 1.3 percent in the last session on strong demand from domestic processors and importers.Corn slid for a third consecutive session, while wheat was unchanged due to a lack of demand for US shipments and cold weather threatening crops.Copyright Reuters, 2014

Spot gold to test support at $1,179 SINGAPORE: Spot gold is expected to test support at $1,179 per ounce, a break below which will cause a further loss to $1,161.A wave pattern and a Fibonacci projection analysis suggest completion of the rebound from the Nov. 7 low of $1,131.85. Further suggestion has been given by gold's failure to break resistance at $1,934, the 50 percent Fibonacci retracement on the fall from the Oct. 21 high of $1,255.20 to $1,131.85.The support is identified ...

Vietnam's 2014/2015 coffee output seen down in Daklak HANOI: Coffee production in the key Vietnamese growing province of Daklak could fall 10 percent in 2014/2015 to nearly 420,000 tonnes due to lower yields from old trees and dry weather, provincial officials said on Tuesday. "We are still assessing the crop but output could drop around 10 percent from last year," said a senior official at Daklak's agriculture department, who declined to be identified as he was not authorised to speak to media. "The ...

LME copper may break support at $6,660 SINGAPORE: LME copper may break a support at $6,660 per tonne and fall more towards the next support at $6,633. The support is provided by the 38.2 percent Fibonacci projection level of an upward wave c that developed from the Nov. 13 low of $6,590. The next support will be at $6,633, the 23.6 percent level. A rise above $6,681, the 50 percent level, will make signals neutral. Only a further gain above the 61.8 ...


 



 
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Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln