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New front to bring more rain to Brazil coffee, cane belt next week SAO PAULO: A new cold front will bring more rain to coffee and sugar cane farms in Brazil in the second half of next week, following widespread rains this week as the region moves deeper into the spring rainy season, local forecaster Somar said Friday. Rain will fall over coffee and sugar cane in the southeast growing areas until Sunday and will weaken into scattered afternoon showers early next week, government-linked forecaster Inmet said.Inmet said 0.25-1.0 inches rain had fallen in the past 24 hours on southern Minas Gerais and northern Sao Paulo coffee farms that were worst hit by a drought this year, which will help coffee trees form fruit for the 2015 harvest. Copyright Reuters, 2014 ...

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 ...
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 ...


Index Closing Chg%
Arrow DJIA 17,827.75 0.07
Arrow Nasdaq 4,787.32 0.61
Arrow S&P 2,072.83 0.28
Arrow FTSE 6,723.42 0.09
Arrow DAX 9,974.87 0.60
Arrow CAC-40 4,382.34 0.20
Arrow Nikkei 17,248.50 0.78
Arrow H.Seng 24,004.28 0.45
Arrow Sensex 28,438.91 0.19

Banking Review 2013

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