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Gold, silver drop on bets euro zone will muddle through NEW YORK/LONDON: Gold and silver fell to six-week lows, while platinum fell to the lowest since 2009, on signs that Greek banks will continue to get emergency funding despite a breakdown in debt talks between their government and euro zone partners.A person familiar with the matter told Reuters the European Central Bank (ECB) was unlikely to pull the plug on funding for Greek banks this week, raising hopes that policymakers will eventually break the impasse to strike a deal.The ECB is set to decide on Wednesday whether to maintain emergency lending to Greek banks.Spot gold fell as much as 2.3 percent to its lowest since Jan. 6 to $1,203.03 an ounce in earlier trade and was down 1.9 percent at $1,208.16 by 2:04 p.m. EST (1904 GMT). Traders said some of the selling was technical as the market extended losses after falling below the 100-day moving average at $1,216.45.U.S. gold ...

US wheat export outlook bearish on dollar, world supply CHICAGO: US wheat exports are down about 30 percent from last year and prospects for business picking up look bleak given the strong dollar and ample supplies overseas, traders and analysts say.Exporters had hoped slow sales would improve in February and March when competitors like Russia, Ukraine and France usually start running out of wheat. But that hasn't happened this season.The biggest culprit is the strong dollar, which hurts wheat more than any other U.S. ...
Brazil 2014-15 soybean crop 38pc sold SAO PAULO: Brazil's 2014-15 soybean crop is now 38 percent sold, up from 32 percent a month ago, but well behind the 58 percent sold at this time last year, local analysts Safras e Mercado said on Friday.Safras expects a record 95-million-tonne crop, one of the highest estimates among private analysts.The average pace for sales this time of year is 54 percent, Safras added. The analyst did not explain in its monthly report why sales ...
Brazil's 2015-16 coffee crop pegged at 47.28mn bags NEW YORK: Brazil will harvest 47.28 million 60-kg bags of coffee in the 2015-16 crop year, up from 46.78 million bags in 2014-15, coffee exporter Terra Forte said in a report seen by Reuters on Friday. Brazil - the world's biggest coffee producer - will produce 32.05 million bags of arabica, up from 29.3 million in 2014-15, and 15.2 million bags of robusta, down from 17.4 million bags, the Terra Forte report said. Copyright Reuters, ...
US Cash Soymeal: Offers flat; demand remains strong CHICAGO: Spot basis offers for US soymeal held steady at processors in the truck and rail markets on Friday, dealers said.Demand remained strong for nearby shipments, with both domestic end users and exporters looking for supplies.Basis levels had firmed earlier in the week as slow country movement of soybeans limited the amount of crushing supplies processors had on hand.Profit margins at processors were still healthy despite the rising cost of acquiring soybeans, a trader said.Chicago ...
US soy rallies with demand; short-covering boosts wheat CHICAGO: US soybean futures rose 1.1 percent, their third straight day of gains, on Friday as demand for US stocks of the oilseed remained strong while overseas buyers waited for supplies from the South American harvest to hit the market, traders said.Wheat futures jumped on a round of short covering but remained stuck in recent trading ranges. The strength in wheat and soybeans spilled over to corn, which showed little independent strength.For the week, soybeans ...
Brazilian coffee farmers sell 79pc of 2014 crop SAO PAULO: Brazilian coffee producers sold 79 percent of the estimated 48.9 million bag harvest of 2014 by Feb. 6, surpassing the 75 percent average for this time of year, local crop analysts Safras e Mercado said on Thursday. In December, producers had sold 72 percent of their harvest and by Feb. 6, 2014, they had sold 70 percent, Safras said."The rise in prices in early February, due to the appreciation of the dollar and ...

 



 
Index Closing Chg%
Arrow DJIA 18,132.70 0.45
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Arrow FTSE 6,946.66 0.04
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Arrow Sensex 29,220.12 1.65







ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyDecember
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln