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Corn firms, dry weather forecast caps gains SYDNEY/PARIS: US corn rose more than 1 percent on Thursday to extend gains into a second straight session, though forecasts for more favourable weather provided some headwind.Soybeans rose 0.5 percent, while wheat was unchanged near a three-week low.Chicago Board of Trade September corn rose 1.0 percent to $4.34 a bushel, having closed up 0.2 percent on Wednesday.Analysts said a slightly wetter weather outlook was underpinning some gains."Feed demand seems to be impatient," said Tobin Gorey, director, agricultural strategy, Commonwealth Bank of Australia."Weather forecasters continue to expect a better turn in the weather for much of the US Corn Belt but they have now added a little more rain to next week's forecasts."Corn hit a one-year high of $4.43-1/4 a bushel earlier in the week following the US Department of Agriculture's bigger than expected cut to its ending stocks forecast, while concerns over potential yield losses continue to persist.The USDA left ...


Indian oilseeds, sugar rise as dry spell raises output concerns MUMBAI: Indian oilseeds and soyoil futures rose on Thursday following gains in global prices and on concerns over oilseed production due to a dry spell in the growing regions. Farmers in India run the risk of planting too much, too fast in the current monsoon season as an unexpected dry spell starts to wilt crops across the country, raising fears of lower yields and surging food prices in a mostly impoverished nation. The key August ...

London copper up on Greece relief; China worries cap gains MELBOURNE: London copper climbed on Thursday as risk appetite revived after Greece's parliament passed severe austerity measures but gains were capped on persistent concern that China's volatile sharemarket could upset early signs of economic recovery.Euro zone jitters began to ease after the Greek parliament passed a sweeping package of austerity measures demanded by European partners.China stocks rebounded on Thursday, but traders were still cautious about whether China could contain its volatile sharemarket after last week's ...

TOCOM ends up 3.4pc on firm Shanghai stocks TOKYO: Benchmark Tokyo rubber futures ended up 3.4 percent on Thursday and touched a 10-day high, helped by a recovery in Shanghai stock markets.Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber prices in Southeast Asia, had recently been weighed down by concerns about Chinese economic growth, which had pushed down the benchmark contract to a 2-1/2-month low a week ago.The Tokyo Commodity Exchange rubber contract for December delivery finished 7.1 yen ...

Gold holds near 4-month low as US rate hike looms MANILA: Gold hovered near its lowest level since March on Thursday after Federal Reserve Chair Janet Yellen reiterated that a U.S. interest rate increase is likely this year, buoying the dollar at bullion's expense.Yellen said the U.S. central bank remains on course to raise interest rates this year, with labour markets expected to steadily improve and turmoil abroad unlikely to throw the U.S. economy off track.Yellen's comments were in line with her recent remarks along ...

Mining giant Rio Tinto cuts iron ore target SYDNEY: Anglo-Australian miner Rio Tinto Thursday cut its full-year guidance for iron ore shipments after poor weather hit its operations in the first half of the year.The mining giant said it now expects to ship around 340 million tonnes during the 2015 calendar year after unseasonal weather, including two cyclones, in Western Australia reduced capacity at its Pilbara operations by seven million tonnes. It had previously forecast annual shipments of around 350 million tonnes."Due to ...

Copper slips as outlook clouded despite strong China data LONDON: Copper slipped on Wednesday on a firm dollar and a renewed slide in top consumer China's equity markets, though data showing strong factory output and second-quarter growth in China limited losses.Investors were also nervous ahead of a Greek parliamentary vote on austerity measures.Three-month copper on the London Metal Exchange ended down 0.6 percent at $5,531 a tonne, having traded in positive territory for most of the day. Last week, prices hit their weakest in ...


 



 
Index Closing Chg%
Arrow DJIA 17,598.20 0.52
Arrow Nasdaq 5,115.38 0.25
Arrow S&P 2,098.04 0.25
Arrow FTSE 6,688.62 0.11
Arrow DAX 11,443.72 1.19
Arrow CAC-40 5,120.52 0.75
Arrow Nikkei 20,548.11 0.11
Arrow H.Seng 24,411.42 0.91
Arrow Sensex 28,187.06 0.26





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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