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Copper slips, more China easing seen likely LONDON: Copper slipped on Monday as doubts emerged about whether rate cuts in China would be enough to stimulate economic activity in the world's largest consumer of industrial metals.Benchmark copper was untraded at the close, but bid at $6,360 a tonne, down from Friday's last bid of $6,385. The metal used in the power and construction industries is up about 20 percent since late January."It's difficult to impress the base metals market, the easing was already priced in," said Eugen Weinberg, analyst at Commerzbank. "We are likely to see further support from the PBOC (China's central bank) and probably from China's government."China cut interest rates for the third time in six months on Sunday in a bid to lower companies' borrowing costs and stoke a sputtering economy that is headed for its worst year in a quarter of a century."Given recent changes to the rules regarding properties (in China), reduced ...


Palm inches up on surge in exports, but higher stocks cap gains KUALA LUMPUR: Malaysian palm oil futures rose on Monday on a surge in demand in the first 10 days of the month and as the ringgit weakened, but gains were capped by industry data showing stocks in the world's No.2 producer have swelled to a five-month high.Cargo surveyor Intertek Testing Services reported that exports of Malaysian palm oil products for May 1-10 rose 41.3 percent from the same period in April to 458,677 tonnes as ...

Copper firm on China rate cut, more support expected LONDON: Copper held firm on Monday after China cut interest rates, but gains were limited by doubts about whether the easing would be enough to stimulate economic activity in the world's largest consumer of industrial metals. Benchmark copper was $6,401 a tonne at 1014 GMT from Friday's last bid of $6,385. The metal used in power and construction is up about 20 percent since late January. "It's difficult to impress the base metals market, the ...

Ivorian cocoa arrivals seen at 1,379,000 T by May 10 ABIDJAN: Cocoa arrivals at ports in top grower Ivory Coast reached around 1,379,000 tonnes by May 10 since the start of the season on Oct. 1, exporters estimated on Monday, up from 1,366,000 tonnes in the same period of the previous season. Exporters estimated around 26,000 tonnes of beans were delivered to the West African state's two ports of Abidjan and San Pedro between May 5 and May 10, down from 30,000 tonnes during the ...

Soybean rises after China cuts rate, wheat up on low yield view SINGAPORE/PARIS: Chicago soybean futures rose on Monday as China cut interest rates, boosting expectations for higher demand from the world's largest importer of the oilseed, while wheat gained on expectations of below-average yields for the US crop.Corn was slightly firmer in cautious trade, after a sharp rise on Friday but near-perfect weather across the US Midwest helping farmers plant at a brisk pace capped gains.The market is waiting for the US Department of Agriculture weekly ...

Israeli group tenders to buy corn, feed wheat, barley HAMBURG: A group of Israeli private buyers has issued international tenders to purchase up to 85,000 tonnes of corn, 65,000 tonnes of feed wheat and 15,000 tonnes of feed barley all of optional origins, European traders said on Monday.The tenders close on Wednesday, May 13, traders said.Copyright Reuters, 2015

Washington gives Jordan 100,000 tonnes of wheat worth $25mn AMMAN: The United States has given Jordan 100,000 tonnes of wheat as part of broader aid to help its Middle Eastern ally cushion the impact of Syrian refugees on its economy, U.S. officials said on Sunday.U.S. Agriculture Secretary Tom Vilsack, who signed the deal, valued at around $25 million, said the kingdom would be able to sell some of the wheat in the domestic market and use part of the proceeds to implement projects to ...


 



 
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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%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyMay 21, 2015
Reserves $17.75 bln