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Wheat extends fall on high global supplies PARIS/SYDNEY: Chicago wheat futures slid for a third consecutive session on Thursday after the U.S. government put world stocks above market expectations, easing lingering concerns over supply snags.An Egyptian tender reinforced the bearish mood as traders anticipated U.S. wheat would again be priced out of contention against cheaper European and Black Sea origins.Soybeans rose to recoup some of its losses from Wednesday, when the market shrugged off a cut to U.S. stocks by the U.S. Department of Agriculture and focused on improving chances of bumper crops in South America.Weekly U.S. export data due at 1230 GMT will also turn attention back to overseas demand, which had led the USDA to trim its soybean stocks outlook.Chicago Board of Trade March wheat futures fell 0.6 percent to $5.78 a bushel by 1041 GMT, to stay close to a one-week low touched in the previous session.In its monthly world crop report, released on ...


Gold falls from 7-week high as dollar, shares recover LONDON: Gold fell on Thursday, retreating further from the previous session's seven-week high as the dollar and European shares firmed, dulling gold's appeal as an alternative investment.Spot gold was down 0.5 percent to $1,220.06 an ounce by 1034 GMT. The metal rose to a seven-week high of $1,238.20 on Wednesday, before giving up gains on a steadier equity markets.Gold was still on track for a 2.6 percent weekly gain so far, the biggest since mid-Oct, ...

Asia Coffee: Prices soften, Vietnam's harvest at peak HANOI: Coffee prices have softened in Vietnam, the world's largest robusta producer, as supplies are rising from the country's harvest peak and also from a minor crop in Indonesia, traders said on Thursday.Harvesting of a minor crop, or "fly crop", has begun in rival robusta producer Indonesia, while the main harvest will start in March or April, 2015, traders said. Vietnam and Indonesia produce a quarter of global output.ICE March robusta contract ended down 0.6 ...

Iron ore slips to near 2009 low as glut weighs on market SINGAPORE: Iron ore fell to its weakest level in more than five years as a supply glut continued to weigh on the commodity that has nearly halved in value this year. But some buyers in China, which imports two-thirds of the world's iron ore, were of the view that while prices would stay low for longer, they are unlikely to fall much further from current levels. "Some of the mills think that the room for ...

Palm follows competing oils lower, Dec output in focus JAKARTA: Malaysian palm oil futures weakened on Thursday, tracking declines in competing vegetable oil markets and reversing some of the previous day's gains, but expectations of a drop in production curbed losses.By the midday break, the benchmark February contract on the Bursa Malaysia Derivatives Exchange had fallen 1.15 percent to 2,150 ringgit ($617) per tonne.Total traded volume stood at 13,245 lots of 25 tonnes, above the average 12,500 lots."Yesterday was a bit overdone and then ...

Aluminium premiums expected to hit record high in 2015 SYDNEY: Global aluminium premiums are expected to reach fresh record highs by mid-2015 on a supply deficit in the United States and Europe, a Reuters survey showed.Premiums have surged this year, more than doubling in the United States, as a revival in auto demand spurred aluminium consumption, while smelter shutdowns and use of the metal in financing deals squeezed supply.But premiums next year will rise at a slower pace as new rules reduce queues at ...

Soybean prices edge higher, but South American output caps gains SYDNEY: US soybean futures rose on Thursday, rebounding from losses of more than 1.5 percent the day before, though gains were capped by forecasts of bumper Brazilian production.Wheat slid for a third consecutive session as global supply concerns eased, while corn edged higher, drawing some support from a lower than expected US Department of Agriculture ending stock forecast.Chicago Board of Trade January soybeans climbed 0.78 percent to $10.40 a bushel, having closed down 1.62 percent ...


 



 
Index Closing Chg%
Arrow DJIA 17,356.87 1.69
Arrow Nasdaq 4,644.31 2.12
Arrow S&P 2,012.89 2.04
Arrow FTSE 6,336.48 0.07
Arrow DAX 9,544.43 0.20
Arrow CAC-40 4,111.91 0.46
Arrow Nikkei 16,819.73 0.38
Arrow H.Seng 22,585.84 0.37
Arrow Sensex 26,710.13 0.27






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyOctober
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 15, 2014
Reserves $13.922 bln