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Gold falls 1.5pc after Yellen nomination news NEW YORK: Gold fell 1.5 percent to $1,300 an ounce on Wednesday, as the dollar rose while investors digested news that Federal Reserve Vice Chair Janet Yellen will be nominated as the next chief of the US central bank.Trading volume, which has been light this week, heated up briefly for about 10 minutes in US morning trade. Prices remained rangebound, with buyers on the sidelines due to a lack of US data and anxiety over how the stand-off in Washington will play out, as a US government shutdown continues.Analysts said it looked like investors were losing confidence in gold as a safe haven, noting that the precious metal did not rise as much as some had thought it would as the deadline neared for a potential US debt default."This lack of response to the US shutdown may mask an underlying negative investor sentiment," said James Steel, chief precious metals analyst ...

Investors receive profits in Nasdaq names NEW YORK: Shares of some of the Nasdaq's strongest performers this year tumbled on Tuesday as investors took profits in high-flying names amid growing uncertainty over the impasse in Washington.Companies in the technology sector were the hardest hit, with Yahoo Inc, TripAdvisor Inc and Netflix Inc all among the day's biggest losers, but investor favorite Tesla Motor Inc also dropped in heavy volume. The Nasdaq Composite Index was trading down 1.3 percent midday.Investor unease has ...
ICE cotton plunges to one-month low after tropical storm weakens NEW YORK: ICE cotton sank on Monday to post its biggest loss in over six weeks as the weakening of Tropical Storm Karen eased worry over crop damage in the United States, the world's top exporter, and as the US government shutdown and budget impasse kept investors skittish.The most-active December cotton contract on ICE Futures US dropped 3.16 cents, or 3.6 percent, to settle at 84.02 cents a lb, after hitting 83.60 cents a lb, ...
Manitoba canola crop 70 percent harvested WINNIPEG: Manitoba farmers have harvested 70 percent of canola after favorable weather in the past week, according to the most recent weekly crop report from the government of the Western Canadian province.* Spring cereals harvest estimated at 85 to 90 percent complete; flax harvest 25 percent complete; soybeans 50-60 percent complete; grain corn 5 percent complete.* Killing frosts during the weekend will help crops dry.* Canola yields range from 30 to 70 bushels per acre. ...
Cocoa futures rally as ICCO forecasts deficit in next 4 years NEW YORK: ICE cocoa climbed to a more than one-year high and London futures rallied to the highest in about two years on Monday as the International Cocoa Organization forecast a deficit in the next four years and as recent rains stoked worry of supply concerns in West Africa, the world's top growing region.ICE raw sugar futures edged up to a fresh 6-1/2-month high as dealers tracked the impact of rains in top grower Brazil ...
US wheat eases on way to 3rd straight weekly gain CHICAGO: US wheat futures edged lower on Friday but hovered near a 3-1/2 month high and notched their third straight weekly gain amid tightening global supplies and strong demand.Soybean and corn futures were each narrowly higher in light volume at the Chicago Board of Trade. Prices rebounded from recent lows, with soybeans getting a boost when a closely watched advisory service slashed its forecast for the US crop."It's a hangover day for wheat," said analyst ...
Gold up 2.4pc on govt shutdown, jobs data below forecast NEW YORK/LONDON: Gold rose more than 2 percent on Wednesday as a drop in the dollar and a fall in US equities sparked bargain hunting that recouped most of bullion's tumble the previous session.Gains in the precious metal accelerated after data showed US private employers added fewer jobs than expected in September, according to payrolls processor ADP, underscoring steady but still sluggish growth in the labor market.A partial government shutdown in Washington entered a second ...


Index Closing Chg%
Arrow DJIA 18,070.40 1.26
Arrow Nasdaq 5,016.93 0.23
Arrow S&P 2,114.49 0.29
Arrow FTSE 6,985.95 0.36
Arrow DAX 11,619.85 1.44
Arrow CAC-40 5,081.97 0.70
Arrow Nikkei 19,531.63 0.06
Arrow H.Seng 28,133.82 0.03
Arrow Sensex 27,490.59 1.77

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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyMay 04, 2015
Reserves $17.491 bln