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Corn, soybeans firm after hitting multi-week lows; wheat weak CHICAGO: Chicago Board of Trade corn and soybean futures rose on Tuesday, supported by a round of bargain buying after prices for both commodities fell to their lowest levels since late June, traders said. Wheat remained weak, with the front-month contract on track for its sixth straight lower close on poor export demand for US supplies. Firm cash markets lent further support to corn and soybeans. Country movement has slowed in recent days as the weakness in the futures market cut into prices being offered to farmers. Concerns about crop development also supported corn and soybeans despite a US Agriculture Department report on Monday afternoon that showed crop ratings had stabilized in the most recent week. CBOT August soybeans were up 8 cents at $10.15-3/4 a bushel at 10:53 a.m. CBOT September corn was 3-1/4 cents higher at $4.08-1/4 a bushel. "The grains are favoring the high side this morning, ...


Copper slips on China demand growth worry LONDON: Copper prices slipped on Tuesday as the market worried about prospects for demand in top consumer China, where growth has slowed, but a weaker dollar helped cap losses. A lower US currency helps boost metal prices by making the sector cheaper for holders of other currencies. Copper ended down at $5,455 a tonne from $5,480 at Monday's close. "From the metals perspective we need to see improving macro (economic) data out of China to ...

EU wheat at three-week low in light technical selling PARIS: European wheat prices fell for a third consecutive session on Tuesday, hitting a three-week low mainly on technical factors and in low volumes reflecting thin activity on the cash market with many farmers busy harvesting.December milling wheat, the new-crop benchmark on Euronext, unofficially closed 0.65 percent lower at 191.00 euros a tonne after breaking support at 192-192.25 euros. The next major support was pegged at 188/188.75 euros.French wheat was uncompetitive compared with Black Sea ...

European vegoils-Palm oil firmer on July output concerns ROTTERDAM: Palm oil on the European vegetable oils market firmed on Tuesday in sympathy with gains in Malaysian palm oil futures on concerns over falling production in July. "Holidays at the end of Ramadan could hamper production, which could eventually lead to a lower stocks number for July if exports exceed that number. Otherwise the market had little to follow, apart from technical buying in both Malaysia and Chicago," one broker said. Palm oil was ...

US corn near 3-week low on forecasts of improved weather SINGAPORE/PARIS: Chicago corn futures lost more ground on Monday, trading at near three-week lows with the outlook for warmer weather across the US Midwest expected to boost crop development.Soybeans slid for a fifth consecutive session to their weakest since July 9 and wheat was down to its lowest in more than three weeks, with additional pressure on commodity markets stemming for a stronger dollar."Perhaps the stronger greenback is finally weighing on corn prices," Tobin Gorey, ...

Copper near 2-week low as strong dollar, rising stocks weigh LONDON: Copper hit its lowest in nearly two weeks on Monday, weighed down by a strong dollar, multi-year lows in gold and growing inventories, although upbeat data in China and steadier stock markets there limited losses.The dollar jumped to three-month highs as expectations of a U.S. rate rise gathered pace and gold plunged to a more than five-year low, hurt by dollar strength and as sellers in China offloaded the metal.A strong dollar makes dollar-priced ...

Gold hits five-year low under $1,100 on Chinese selling LONDON: Gold prices plunged as much as 4 percent to their lowest in more than five years on Monday as sellers in top consumer China offloaded the metal.Investors have been finding less and less reason to hold gold as an insurance against risk, with the dollar strengthening ahead of what is expected to be the first increase in U.S. interest rates for nearly a decade.Spot gold fell $45.55 to its weakest since March 2010 at ...


 



 
Index Closing Chg%
Arrow DJIA 17,598.20 0.52
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Arrow S&P 2,098.04 0.25
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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune-July
Trade Balance $-22.095 bln
Exports $23.885 bln
Imports $45.980 bln
WeeklyAugust 03, 2015
Reserves $18.536 bln