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NY cotton ends lower; extends reversal from 3-mth peak  NEW YORK: Cotton futures fell for a second-straight day on Wednesday, pressured by poor fundamental demand prospects and a weaker technical picture that may work to values down toward the 70-cent level.   Limited damage from Hurricane Isaac to crops in Mississippi and Louisiana, key US cotton states, left the market vulnerable after rallying last week to 77.49 cents per lb, its priciest level in three months.   "It left it technically vulnerable because we couldn't reach that high. All we did was establish the high-end of the trading range," said Mike Stevens, an independent cotton analyst based in Mandeville, Louisiana.   News over the weekend of Chinese cotton sales and weaker manufacturing data in China and the United States only added to this week's negative reversal.   "The market had nothing bullish to feed itself on so if cotton can't go up, it's going to try and come back down," Stevens said.   The benchmark December cotton contract shed ...

Brent crude ends lower on concerns about slowing economic growth  NEW YORK: Brent crude futures fell on Tuesday amid worries of lessening demand for crude oil as weak US manufacturing and construction spending data added to concerns about a slowing economy. The data countered hopes for more monetary stimulus from central banks. Brent October crude fell $1.60, or 1.38 percent, to settle at $114.18 a barrel, having traded from $113.93 to $116.65. Copyright Reuters, 2012 ...
NY cotton sinks 2pc on China slowdown fears  NEW YORK: Cotton futures fell 2 percent on Tuesday, after weaker-than-expected Chinese manufacturing data fed worries about slowing demand from the world's largest cotton consumer. The start of a Chinese cotton auction this week also pressured prices as investors sold on the first trading day of September, cashing in after prices rallied 8 percent last month. Data showed slowing new orders weighed heavily on China's vast manufacturing sector in August -- a sign that the pace of ...
US wheat turns lower on profit-taking, technical sales  CHICAGO: Soft red winter wheat futures turned lower in late morning trading at the Chicago Board of Trade on Tuesday due to a round of profit-taking and some technical selling, traders said. CBOT December soft red winter wheat was down 1/2 cent at $8.89 a bushel. Prices failed to hold support above the 30-day and 40-day moving averages that were broached earlier in the session. MGEX spring wheat and Kansas City Board of Trade hard red winter ...
Soybeans hit all-time high, closes in on $18  CHICAGO: Soybean prices notched a new record high of nearly $18 per bushel on Tuesday as money managers jumped into the market at the start of the month on tight supplies after the worst US drought in 56 years devastated the crop. "We have new money coming in at the beginning of the month, rumours of China buying and low yield reports...there's bullish news everyday," said Jason Roose a co-owner of US Commodities, Des Moines, Iowa. Spot ...
Allendale survey pegs US corn crop at 10.326bn bushels  CHICAGO: This year's US corn harvest was estimated at 10.326 billion bushels in an annual producer survey by research and brokerage firm Allendale Inc, which is down 4.2 percent from the latest US Department of Agriculture forecast. The survey, released on Tuesday and based on responses from farmers in 32 states, put the corn yield at 118.2 bushels per acre (bpa), also 4.2 percent below USDA's Aug. 10 figure of 123.4 bpa. The Allendale survey's corn figures ...
ICE canola rises to weekly, monthly gains  WINNIPEG: ICE Canada canola futures rose on Friday, as light hedge pressure couldn't offset buying in thin trading, and registered weekly and monthly gains. * Harvest expected to accelerate during long weekend. * Thoughts of smaller-than-expected canola crop underpins the market, as yields disappoint in some areas - trader. * ICE Canada closed on Monday for Labor Day. * November canola gained $1.90 to $637.60 per tonne on volume of 8,201 contracts. Posted second straight weekly gain, of 0.6 ...

 



 
Index Closing Chg%
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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%
MonthlyApril
Trade Balance $-1.795 bln
Exports $1.995 bln
Imports $3.790 bln
WeeklyMay 26, 2015
Reserves $17.749 bln