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Gold falls on higher dollar ahead of euro zone summit on Greece LONDON: Gold fell on Tuesday as the dollar rose and investors assessed a further fall in Chinese shares and awaited an emergency euro zone summit on Greece as the country's banks face potential collapse. Gold, usually seen as an alternative investment in times of financial and economic uncertainty, has so far failed to see significant safe-haven buying due to the ongoing Greek crisis as fears of contagion seem to be limited, traders said. Spot gold eased 0.3 percent to $1,166.16 an ounce by 0945 GMT, while US gold futures dropped 0.5 percent to $1,166.90 an ounce. Prices are within reach of the 3-1/2 month low of $1,156.85 hit on Thursday. Initial support is in the $1,160-$1,165 area, followed by the year low of $1,142.90, MKS Group said in a note. "I find it difficult to see a significant move to the upside for gold because I would not know where ...

Palm oil drops for 2nd day on Greek concerns, weak soyoil SINGAPORE: Malaysian palm oil finished lower on Tuesday, under pressure from concerns over Greece's position in the euro zone and weakness in rival soybean oil, although losses were limited by expectations of lower production.The September palm oil contract on the Bursa Malaysia Derivatives exchange dropped 1.1 percent, or 25 ringgit, to 2,210 ringgit ($581.6) a tonne by close."Fundamentally, the market should move higher as we are expecting lower production data but soybean oil in China ...

Corn eases for 2nd day on US weather, soy at 1-week low SINGAPORE/PARIS: Chicago corn slid for a second session on Tuesday, while soybeans fell to a one-week low under pressure from the strong dollar and as dry weather in parts of the US grain belt after weeks of heavy rains improved crop prospects.Wheat lost ground, tracking weakness in corn, although losses were limited by unfavourable weather threatening yields in key exporters Europe and Canada.US corn crop ratings moved higher for the first time in three weeks ...

Robusta steadies with focus on spread, sugar dips ahead of data LONDON: Robusta coffee futures held steady on Tuesday, with traders focused on a high front-month spread, while sugar dipped before the release of Brazilian crop data expected to show a brisk cane harvest. New York cocoa edged lower, pressured by a stronger dollar and expectations of weak European demand data next week. The July/September spread on Robusta coffee was hovering at around $136 a tonne, slightly below Monday's peak of $139. "We're on day five ...

NY coffee targets $1.2375 SINGAPORE: New York September coffee may break support at $1.2575 per lb and fall to the next support at $1.2375, driven by a wave c.These supports are provided respectively by the 76.4 percent and the 86.4 percent Fibonacci projection levels of the wave c, the third wave of a three-wave cycle that developed from the May 19 high of $1.4625.It is highly likely that this wave will travel to $1.21, the 100 percent projection level, ...

Robusta coffee eases, eyes on lofty front-month premium LONDON: Robusta coffee futures eased in light volumes on Friday, with traders focused on a wide front-month premium, while London white sugar edged higher and London cocoa steadied. US softs markets were shut for the Independence Day holiday weekend. Robusta traders focused on the July/September spread, which fell back to about $105 a tonne after peaking earlier in the session at around $135, a level last touched on Monday. The move comes after the premium ...

Gold above 3-1/2 month low after US jobs data LONDON: Gold cut some losses on Thursday, rebounding slightly from a 3-1/2 month low after data showed the US labour market to be weaker than expected in June, indicating that the Federal Reserve could hold off from raising interest rates in September. The non-farm payrolls figure rose by 223,000 last month, below the 230,000 that economists polled by Reuters had expected. Spot gold had slid to $1,159.60 an ounce, its lowest since March 18, before ...


Index Closing Chg%
Arrow DJIA 17,6630.27 1.09
Arrow Nasdaq 5,089.21 0.98
Arrow S&P 2,093.25 1.24
Arrow FTSE 6,555.28 0.77
Arrow DAX 11,173.91 1.06
Arrow CAC-40 4,977.32 1.01
Arrow Nikkei 20,328.89 0.10
Arrow H.Seng 24,503.94 0.62
Arrow Sensex 27,459.23 0.37

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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln