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Gold up on stimulus hopes after weak Chinese data  NEW YORK: Gold rose on Friday and also posted a weekly gain, as disappointing Chinese trade and new bank-lending data suggested policymakers there may act to boost sputtering growth. Worries about food inflation also boosted gold after the US government said the worst drought in more than half a century has battered corn and soybean crops in the world's main agricultural exporter with larger losses than expected. Corn futures rose to an all-time high before settling lower. Bullion broke ranks with declining US equities after the latest disappointing Chinese data showed July exports rose just 1 percent from a year ago, with new loans at a 10-month low. A day earlier, data showed China's factory output growth slowed unexpectedly in July. "Gold is up mainly because of the weak manufacturing numbers in China, suggesting that there is a pretty strong indication we are going to see more quantitative easing there," said Jeffrey Sica, ...

US corn hits record on eve of key USDA crop report  CHICAGO: US corn surged over 1 percent to a record high on Thursday as investors swept into the market ahead of a key US government report that is expected to slash its production estimate another 15 percent due to damage from the worst drought in 56 years. Soybeans leaped 3 percent as the drought kept eating away at that crop as well and wheat rose over 1 percent in step with corn and soy and on ...
ICE canola bounces off 5-week low, lags soy  WINNIPEG: ICE Canada canola futures rose slightly on Wednesday, taking support from stronger Chicago soybean prices to bounce off a five-week low. * Canola lagged soybeans' gains as the stronger Canadian dollar appeared to cool crusher buying interest and with farmers pricing crop through forward-delivery contracts - trader. * Soybeans took strength from talk of US sales to China, and the USDA said Wednesday exporters sold 140,000 tonnes of US soybeans to unknown destinations. * November canola fell ...
NY cotton jumps above 76 cents ahead of USDA report  NEW YORK: Cotton futures jumped above 76 cents per lb for the first time since mid-May on Wednesday ahead of a key US government crop report that may forecast lower output from India, the world's second-largest producer, due to the weak and delayed monsoon. The benchmark December cotton contract on ICE Futures US rose 0.80 percent to settle at 76 cents per lb, just 0.30 cent shy of its intraday high. Brokers and analysts expect the US ...
Copper ends down with weak euro; China data eyed  NEW YORK/LONDON: Copper retreated on Wednesday from a one-week high hit in the previous session as risk sentiment soured amid further signs of worsening economic conditions in Europe. Copper prices fell for the first time in four days, largely tracking losses in the euro versus the dollar, after a drop in German imports and industrial production only added to the worrisome growth prospects in the region and spurred more caution in the market ahead of trade ...
Gold edges up, volume thin on murky cenbank outlook  NEW YORK: Gold edged up, but remained in a tight range, on Wednesday as trading was quiet again due to investor uncertainty about whether central banks would act to stimulate frail economies. Comments from Bank of England Governor Mervyn King saying there was no urgent need to print more money dampened sentiment among bullion investors looking for more aggressive actions from central banks. Traders said last week's lack of firm commitments by the U.S Federal Reserve and ...
Cocoa hits multi-month highs, sugar at 6-week low  NEW YORK/LONDON: Cocoa futures inched up to multi-month highs on Wednesday, supported by the threat of El Nino weather conditions on the West African crop and chart-based buying, while raw sugar closed at a six-week low. Coffee eased with some pressure coming from the firm US dollar. Liffe cocoa prices rose slightly to a nine-month high of 1,675 pounds per tonne ($2,600) earlier in the day. The market last week broke above the range of 1,367 to ...

 



 
Index Closing Chg%
Arrow DJIA 17,683.58 0.26
Arrow Nasdaq 4,991.94 0.34
Arrow S&P 2,068.76 0.39
Arrow FTSE 6,535.68 0.76
Arrow DAX 10,890.63 1.52
Arrow CAC-40 4,711.54 2.01
Arrow Nikkei 20,112.12 2.08
Arrow H.Seng 25,236.28 3.18
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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
WeeklyJuly 06, 2015
Reserves $18.201 bln