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Soybeans climb as China fears wane; US weather eyed CHICAGO: Benchmark US soybean futures rose 1.5 percent on Thursday as equity markets stabilized in China, the world's top soy buyer, and on outlooks for dry weather as the US Midwest growing season winds down, traders said.Corn clung to modest gains on better-than-expected weekly US export sales and spillover strength from outside markets, including crude oil.But wheat fell in choppy trade on reminders of strong global competition for export business amid ample world supplies, and a stronger dollar.At the Chicago Board of Trade, the most-active November soybean contract settled up 14 cents at $8.79 a bushel. December corn ended up 1-3/4 cents at $3.75 while December wheat fell 4-1/2 cents at $4.89-3/4 a bushel.Soybeans rose after China's two main stock indices surged 5.3 percent and 5.9 percent, snapping a five-day losing streak that had wiped around 20 percent in market value and sent tremors around global financial markets.Forecasts for dry ...

Gold down for 4th day as US data boosts stocks, dollar NEW YORK/LONDON: Gold eased on Thursday, headed for its biggest weekly rout since March, as upbeat U.S. growth and jobs data drove up stocks and the dollar, though uncertainty over the timing of a U.S. rate rise held losses in check.Spot gold was down 0.2 percent at $1,122.86 an ounce at 1829 GMT (2:29 p.m. EST) after seeing its biggest down day in five weeks on Wednesday. U.S. gold futures for December delivery finished down ...
Raw sugar soars 5 pct as Brazilian real, commodity markets rebound NEW YORK/LONDON: Benchmark raw sugar futures rallied the most in two years on Thursday, surging 5 percent on a recovering real currency in top-producer Brazil, rains in the country's cane belt and a broad-based commodities rally.Arabica coffee on ICE Futures U.S. also gained, boosted by the real and gains across the commodities complex as well as a bullish crop forecast, as cocoa rose.A U.S. Federal Reserve policymaker said the case for a September interest rate ...
Brazil 2015/16 coffee crop pegged at 48.3mn bags NEW YORK: Volcafe, the Swiss-based coffee division of commodities house ED&F Man, said on Wednesday it revised down its crop estimate for Brazil's 2015/16 crop to 48.3 million 60-kg bags, down 3.6 million bags for their estimate in May. Volcafe said in its quarterly report that it now pegged global coffee production at 149.6 million bags in 2015/16, down 4.9 million bags down from its prior estimate. Copyright Reuters, 2015 ...
Soybeans fall as Chinese stimulus recovery proves short-lived SYDNEY: US soybeans fell on Wednesday as gains made after China announced its latest economic stimulus proved short-lived.Corn was unchanged, extending two-day falls to beyond 1 percent, while wheat rose, rebounding from losses of more than 1.5 percent.Chicago Board of Trade November soybeans fell 0.2 percent to $8.76-1/2 a bushel, having firmed 0.43 percent on Tuesday.Soybeans recovered slightly on Tuesday from heavy losses this week when China cut interest rates and banks' reserve requirements for ...
LME aluminium may end bounce around $1,547 SINGAPORE: LME aluminium may end its current bounce around a resistance at $1,547 per tonne, as suggested by a Fibonacci projection analysis.The resistance is provided by the 161.8 percent Fibonacci projection level of a downward wave C, which developed from the July 15 high of 1,729.50. This wave does not seem to have completed, as it may eventually travel to $1,460, the 238.2 percent level. A break above $1,547 could lead to a limited gain ...
White sugar falls to 6-1/2-year low, coffee extends losses NEW YORK/LONDON: White sugar futures dropped for the fourth straight session to a 6-1/2-year low on Thursday as refiners sold into the whites-over-raws premium, while spot arabica coffee fell in heavy volume ahead of first notice day on Friday.Cocoa futures edged up on technically driven buying.White sugar prices fell sharply as refiners locked in sales before the steep premium over raw sugar prices dissolved, traders said.October white sugar settled down $5.60, or 1.7 percent, at ...

 



 
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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
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln