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Copper steady as China data relieves market LONDON: Copper steadied on Tuesday after top metals user China reported its economy had not slowed as far as many had feared, but gains were limited by long-standing concerns that the global copper market will record a surplus this year.China reported growth of 7.3 percent for 2014, just pipping forecasts of 7.2 percent growth. In addition, its retail sales and industrial production numbers both ran ahead of predictions in December.While the 2014 growth number was the slowest in 24 years, GDP is now 10 times as large as it was back then. The figure was also low enough to keep pressure on policymakers to head off a sharper downturn.Still, copper was unable to capitalise much on the news. It was held back by expectations of growing supply underscored by gains in London Metal Exchange stocks - up by a fifth this year, latest ifigures showed. "People are seeing an apparent ...


Gold hits 4-1/2-month high on worries over Europe LONDON: Gold rose more than 1 percent on Tuesday to its highest since early September, as uncertainty about how extensive a stimulus programme the European Central Bank will announce on Thursday drove investors into less risky assets.Buying accelerated on a break of the previous day's high, dealers said, as stops were triggered, taking the metal to a session high of $1,294.10 an ounce.Spot gold was up 1.2 percent at $1,292.20 at 1019 GMT, while U.S. ...

Palm edges up on near 6-year low ringgit, but struggles with grim outlook KUALA LUMPUR: Malaysian palm futures slipped to a two-week low on Tuesday as lacklustre demand and a grim outlook on global commodity markets piled pressure, but prices pulled up in late trade as they clung onto support from the ringgit that slumped to near 6-year lows.Industry experts say palm prices face a volatile year in 2015 and will be driven by global demand factors, including uncertain market movements in crude and rival edible oils. The ...

Soybeans at 3-month low on Brazil rain, China demand doubts PARIS/SINGAPORE: US soybeans slipped to the lowest in almost three months on Tuesday, sapped by worries about weakening Chinese demand and forecast rain that could keep Brazil on course for a record crop.Corn eased, giving up some of its export-fuelled gains in the previous session, as lower crude oil and a firm dollar weighed on sentiment. Wheat inched lower to stay close to a two-month low against a backdrop of lacklustre export demand.Chicago Board Of ...

London copper climbs off 5-1/2 year lows; China, ECB in focus MELBOURNE: London copper climbed on Monday as prices recovered from last week's 5-1/2 year lows after China's state grid boosted spending plans, but caution over China's economy and this week's European Central Bank meeting were expected to cap any upward momentum.As part of a broader package of stimulus to help shore up its struggling economy, China's state power grid on Friday announced plans to boost investment by 24 percent this year to 420 billion yuan ...

Gold near 4-month high on fund inflows, safe-haven bids SINGAPORE: Gold held close to a four-month high on Monday as uncertainty in global markets pushed investors towards the safe-haven metal, with holdings in the top bullion fund recording their biggest jump in nearly five years.A market rout after Switzerland unexpectedly abandoned a cap on the franc last week triggered strong bids for gold, often seen as an alternative investment to risky assets.Holdings in SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, climbed 1.92 ...

Palm prices seen volatile in 2015, may touch 6-year lows: MPOB KUALA LUMPUR: Palm oil futures could drop this year to their lowest level since February 2009 and may be volatile because uncertainty in the global economy causes prices in commodity markets to fluctuate, an official from the Malaysian Palm Oil Board said on Monday.Malaysian palm oil prices, which set the tone for global prices, are expected to trade between 1,820 ringgit ($504) and 2,750 ringgit in 2015, against earlier estimates of 2,300-2,500 ringgit, said Ramli ...


 



 
Index Closing Chg%
Arrow DJIA 17,387.21 1.65
Arrow Nasdaq 4,681.50 1.89
Arrow S&P 2,029.55 1.34
Arrow FTSE 6,811.61 0.60
Arrow DAX 10,628.58 1.57
Arrow CAC-40 4,624.21 1.09
Arrow Nikkei 17,768.30 1.72
Arrow H.Seng 24,807.28 0.41
Arrow Sensex 29,571.04 1.00






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyNovember
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln