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London copper firms on output cut; trade dwindles ahead of holiday MELBOURNE: London copper edged up on Wednesday as traders took heart from an output cut in Chile and a revival in Glencore shares, but volumes shrank ahead of a week-long break in top consumer China."Although individually this cut (in Chile) isn't meaningful, we're starting to see a few - maybe it's a reflection of financial stress in general in the big mining companies," said analyst Daniel Morgan of UBS in Sydney."It's a positive development. It doesn't make me bullish copper because if prices lift people can turn operations back on, but it's a support. More needed please."The global copper market is seen in a small 262,500 tonne surplus this year, according to median forecasts of analysts polled by Reuters in July.Three-month copper on the London Metal Exchange had risen 0.5 percent to $4,997 a tonne by 0243 GMT, after closing little changed in the previous session when it fell to ...

US wheat eases on ample supply; corn, soy little changed SINGAPORE: Chicago wheat futures eased for a third consecutive session on Wednesday under pressure from ample global supplies, but losses were limited by concerns over dryness in the Black Sea region.Soybean futures were little changed after gaining nearly 1-percent in the last session as investors covered short positions ahead of a US Department of Agriculture report which is expected to trim last year's production number.Chicago Board of Trade November soybeans had eased half a cent ...

NY sugar may bounce into 12.47-13.88 cents range in 3 months SINGAPORE: New York sugar may bounce into a range of 12.47-13.88 cents per lb before falling again over the next three months, as indicated by its wave pattern and a Fibonacci projection analysis.The range is formed by the 123.6 percent and the 114.6 percent Fibonacci projection levels of a downward wave C, the third wave of a three-wave cycle from the February 2011 high of 36.08 cents.Many small waves make up the wave C, with ...

CBOT wheat bound in $5.36-1/2 to $4.89-1/2 range in 3 months SINGAPORE: CBOT wheat may rise to $5.36-1/2 per bushel before falling towards support at $4.89-1/2 over the next three months, as indicated by its wave pattern, a Fibonacci projection analysis and a falling wedge.The contract is riding on a wave c, the third wave of a bigger wave C that developed from the July 23, 2012 high of $9.47-1/4. This wave c is capable of traveling to $3.37-3/4, its 100 percent projection level.Support at $4.89-1/2, ...

Russian wheat prices up, track global benchmarks MOSCOW: Russian export and domestic wheat prices rose last week thanks to an increase in global benchmarks, a stronger rouble and an expectation that the government would approve a wheat export tax cut, analysts said on Monday. Global wheat prices have been rising in recent days, partially due to concerns over dry weather in the Black Sea region, where Russia and Ukraine are sowing winter grains for next year's crop. However, according to the SovEcon ...

Gold falls as US rate outlook weighs, platinum at 6-1/2 year low LONDON: Gold fell for a second session on Monday, as the dollar stood close to a five-week high ahead of a key US jobs report later in the week, which could boost bets the Federal Reserve will hike interest rates this year. Platinum fell almost 3 percent to a 6-1/2 year low of $916.50 an ounce on Monday. It posted its biggest weekly drop since July last week on fears that the Volkswagen emissions scandal ...

Copper, aluminium sink to one-month lows ahead of China data LONDON: Copper and aluminium slid to one month lows on Monday while zinc hit its weakest level in more than five years on worries about upcoming data that may show weak industrial activity in top metals consumer China. Data on Thursday is likely to show that China's giant factory sector shrank for the second month in a row in September, according to a Reuters poll."The market is looking for direction and probably the most likely ...


Index Closing Chg%
Arrow DJIA 16,912.29 0.73
Arrow Nasdaq 4,791.15 0.90
Arrow S&P 1,995.83 0.80
Arrow FTSE 6,336.35 0.16
Arrow DAX 9,970.40 0.68
Arrow CAC-40 4,667.34 0.14
Arrow Nikkei 18,322.98 0.75
Arrow H.Seng 22,515.76 3.13
Arrow Sensex 27,035.85 0.38

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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 05, 2015
Reserves $18.349 bln