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Wheat highest in over a week on global weather worries CHICAGO: US wheat rose to its highest in more than a week on Wednesday, up for a second straight session on technical buying coupled with concerns about global production prospects, traders said.Corn rose ahead of the US Thanksgiving holiday on Thursday, while soybeans fell on mostly favorable South American weather prospects.At the Chicago Board of Trade, most-active March wheat ended up 5 cents at $5.62-3/4 a bushel, while the spot December contract jumped 10-1/2 cents to end at $5.62.Front-month December gained versus back months as traders exited positions ahead of first notice day for deliveries against the contract, with analysts expecting few, if any, wheat deliveries.Poor weather in the Black Sea region as well as parts of Australia and the United States added support."We have got wheat here, but there is reason to think that overseas crops are not so good, with problems in Australia and parts of Russia," said ...

Cocoa hits 2-week high on technical buy signals; sugar rises NEW YORK/LONDON: New York cocoa futures rose to a two-week high on Wednesday for their largest single-day gain in one-and-a-half months in low-volume, technically driven dealings. Raw sugar on ICE Futures US gained on signs of stronger demand from top consuming regions, while arabica coffee dipped as rains were set to drench parched crops in top grower Brazil.Trading volumes were thin across soft commodities ahead of the US Thanksgiving Day holiday on Thursday, when US ...
With dollar on a tear, gold and silver rout far from over NEW YORK: Gold's rout may be far from over, with many analysts and traders surveyed by Reuters predicting prices could fall to $1,000 per ounce by the end of the year, the first time at that level since 2009, even after Friday's 3-percent short-covering rally.A rush of physical buying in the past week - from jewelry in Shanghai to coins in Germany - may prove to be a dead-cat bounce that is too feeble to ...
US yields fall as payroll, wage growth disappoint NEW YORK: US Treasury debt yields slipped on Friday as growth in US jobs and wages in October fell short of expectations, reviving bets the Federal Reserve will not consider raising policy rates until late 2015. Treasuries yields came off one-month peaks posted shortly before the release of the government's jobs report as Wall Street opened lower, spurring demand for US government debt.The US Labor Department said employers added 214,000 jobs last month, below the ...
Gold rises as dollar drops, breaks 4-day drop NEW YORK/LONDON: Gold rose on Tuesday, snapping a four-session losing streak, boosted by a drop in the dollar index and expectations of Asian physical demand following bullion's tumble to a four-year low.The yellow metal was supported as the dollar dropped against the euro on a report citing internal tensions within the European Central Bank over the leadership style of its chief, Mario Draghi, that has the markets expecting limits on future loosening of monetary policy. ...
Spot gold to end rebound around $1,207 SINGAPORE: Spot gold may end its current weak rebound around a resistance at $1,207 per ounce, and then resume its downtrend towards the Oct. 6 low of $1,183.46.The short-term uptrend from this low has been reversed more than 76.4 percent, as indicated by a Fibonacci retracement analysis. Chances are high that the trend will eventually be totally reversed.Gold is riding on a downward wave c, the third wave of a three-wave cycle that started at ...
Brazil's 2015 coffee crop seen as big as 47mn bags SAO PAULO: Brazil's 2015 coffee crop is expected at best to reach 47 million 60-kg bags, on par with this year's crop that just finished harvest, a Rabobank analyst said. Rafael Barbosa, food and agribusiness analyst at the bank, said in an email late on Monday that he expected rains to return to the drought-stricken coffee belt in the coming weeks, which would likely unleash widespread flowering across the coffee belt. Even so, he did ...

 



 
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Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln