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Brazil steelmaker CSN sees opportunity in US with strong dollar SAO PAULO: Brazilian steelmaker Cia Siderurgica Nacional SA expects to double steel sales on the US market to 600,000 tonnes as the strong dollar is expected to boost profits there, the company's director of sales said. Company executives said they expected domestic market demand for steel in Brazil to recover in the second half of 2015. Brazil's economy is expected to slip into recession this year as high interest rates, rising inflation and a widening corruption scandal weigh on growth. The country's currency has weakened nearly 17 percent since the start of the year and is now trading close to 11-year lows.Copyright Reuters, 2015 ...

Wheat hits one-week high as US dryness concerns stoke gains CHICAGO: US wheat futures rose 1.4 percent to a one-week high on Wednesday, extending four-day gains to around 4 percent, supported by short-covering and concern about dry weather in US growing regions.Corn and soybeans also firmed, although renewed strength in the dollar capped rallies.At the Chicago Board of Trade as of 11:23 a.m CDT (1623 GMT), May wheat was up 6 cents at $4.99-3/4 per bushel. May corn was up 3-1/2 cents at $3.91-1/2 a ...
Gold hits three-month lows on dollar, equities strength NEW YORK/LONDON: Gold fell more than 1 percent on Wednesday, touching its lowest in more than three months in what looked to be an eighth straight losing session as a robust dollar and expectations of higher U.S. interest rates curbed appetite for the metal.Spot gold earlier fell 1.1 percent to $1,147.10 an ounce, its lowest since Dec. 1, and was down 0.7 percent at $1,153.10 an ounce by 2:35 p.m. EDT (1835 GMT).U.S. gold for ...
ICE cotton extends longest rout since 2013 on speculator selling NEW YORK: Cotton on ICE Futures U.S. fell for a 10th straight session on Wednesday, extending its longest losing streak since November 2013 under pressure from speculator liquidation and weak demand in the cash market.The front-month May cotton contract on ICE hit a five-week low of 60.28 cents a lb before closing down 0.54 cents, or 0.9 percent, at 60.33 cents.Speculators have begun unwinding a bullish bet in fiber due to technical weakness and lackluster ...
Wheat rises over 1pc to one-week high on dry US Plains CHICAGO: US wheat futures rose 1.2 percent to a one-week high on Wednesday, extending four-day gains to nearly 4 percent on short-covering and concerns about dry weather in US growing regions.Corn and soybeans also firmed, although renewed strength in the dollar capped rallies.At the Chicago Board of Trade, May wheat settled up 5-3/4 cents at $4.99 per bushel. May corn ended up 3 cents at $3.91 a bushel and May soybeans settled up 8-1/4 cents ...
Heavy raw sugar options dealings point to profit-taking NEW YORK: Raw sugar futures on ICE tumbled to a six-year low on Tuesday, spurring what traders believed to be a wave of profit-taking in options and potentially signaling that the steep price drop may be in for a pause.Volume in May 14-cent calls surged above 5,500 lots on Tuesday, a day after open interest fell to just 6,508 lots and implied volatility rose slightly, though it remained below last month's contract high."(At) the 13 ...
ICE May cotton extends losses after USDA ups global inventory view NEW YORK: ICE May cotton extended earlier losses and hit a more than one-month low after the U.S. government raised its forecast for global inventories at the end of the 2014/15 crop year in its monthly report on Tuesday.The most active May cotton contract on ICE Futures U.S. was down 1.06 cents, or 1.7 percent, at 61.19 cents a lb by 12:30 p.m. EST (1630 GMT), the session low and the lowest level for the ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJanuary
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 20, 2015
Reserves $16.132 bln