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London cocoa makes about-turn from 2011 high, sugar falls NEW YORK/LONDON: London cocoa futures on ICE fell from the highest level in more than four years on Thursday, and the New York market dropped from a nine-month peak on profit-taking, while the white sugar premium over raws fell for the first time in 12 sessions.Raw sugar futures were mostly lower, with abundant supplies weighing on a market that headed back down toward last week's 6-1/2 year low after a short-lived rally. Arabica futures were steady while robusta dropped, keeping its spot premium flat but near last week's high, despite rising certified stocks.Cocoa futures initially rallied on chart-based strength after both New York and London markets saw outside reversals higher on Wednesday, when the contract opened below the prior session's low and closed above it."There was early technical follow-through from yesterday's reversals but then buyers became overwhelmed by profit taking," one U.S. trader said."The specs just came and sold it."London's ...

Corn, soy prices soar as storms drench US Midwest CHICAGO: US corn futures hit their highest level in two months and soybeans topped $10 a bushel on concerns about excessive rains in the Midwest curbing yield prospects, traders said.Wheat set a two-week high as the wet weather slowed the US soft red wheat harvest, while dry weather in Canada lent additional support.At the Chicago Board of Trade as of 12:42 p.m. CDT (1742 GMT), July corn was up 7-1/2 cents at $3.74 a bushel ...
Wheat hits 2-week high as US weather woes lift grain complex CHICAGO: US wheat futures climbed to a two-week high on Wednesday as concerns about poor weather in the US Midwest, Western Europe and Canada prompted a round of fund-driven short-covering, traders said.Corn and soybeans also advanced, rallying from early declines on unwanted rains in the Midwest that hurt yield prospects.At the Chicago Board of Trade at 12:31 p.m. CDT (1731 GMT), July wheat was up 6-3/4 cents at $5.28-1/4 a bushel after reaching $5.30, its ...
Soybeans to six-week high on US weather jitters CHICAGO: US soybean futures rose to a six-week high on Monday, buoyed by concerns about tightening old-crop supplies and excessive rains trimming new-crop yield prospects, traders said.Wheat and corn were also higher.At the Chicago Board of Trade as of 11:25 a.m. CDT (1625 GMT), the July soybean contract was up 15-1/2 cents at $9.87 per bushel after reaching $9.89-3/4, its highest level since May 6.Traders have begun positioning ahead of two hotly anticipated reports due ...
Gold slips on equities strength, Greek deal hopes NEW YORK/LONDON: Gold fell more than 1 percent on Monday as global equities jumped on possible signs of progress in Greek debt talks, which curbed safe-haven demand for the metal.Spot gold fell as much as 1.5 percent to a session low of $1,181.90 an ounce and was down 1.3 percent at $1,184.01 an ounce by 2:16 p.m. EDT (1816 GMT).U.S. gold futures for August delivery settled down $17.80, or 1.5 percent, at $1,184.10 per ounce.Gold ...
ICE sugar surges on short-covering, cocoa nears 2011 high NEW YORK/LONDON: Raw sugar futures surged more than 3 percent on heavy short-covering on Monday, in their biggest rise in two months after data showed speculators sharply increased their bearish position, while London cocoa neared last week's 2011 high.Coffee futures rose while the spot robusta spread narrowed for the second straight session after last week's surprise jump to a premium well above $100 per tonne.ICE raw sugar futures rallied on short-covering after Friday's Commitments of ...
Gold turns higher after Fed statement, dollar extends losses NEW YORK/LONDON: Gold turned higher on Wednesday, after the Federal Reserve said the U.S. economy is likely strong enough to support an interest rate increase by the end of 2015, causing the dollar to extend losses.The U.S. economy, after contracting in the first quarter, is now on track to grow between 1.8 percent and 2.0 percent this year, according to the central bank's latest policy statement and new projections issued by Fed policymakers.Spot gold was ...

 



 
Index Closing Chg%
Arrow DJIA 17,596.35 1.95
Arrow Nasdaq 4,958.47 2.40
Arrow S&P 2,057.64 2.09
Arrow FTSE 6,620.48 1.97
Arrow DAX 11,083.20 3.56
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMay
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJune 25, 2015
Reserves $17.457 bln