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Gold and cocoa rally, other US markets quiet after snowstorm NEW YORK: Gold hit two-week highs and cocoa also rallied while many other commodities were down or little changed on Friday after a snowstorm hit the east coast of the United States, keeping traders from their desks and thinning market volumes. A firmer dollar also weighed on demand for commodities priced in the US currency from holders of the euro. The dollar firmed as global markets were mixed ahead of a speech by Federal Reserve chairman Ben Bernanke that could indicate when the central bank was likely to make deeper cuts in its economic stimulus policy. The 19-commodity Thomson Reuters/Core Commodity CRB index was down 0.2 percent by 12:30 p.m. ET (1730 GMT) as a heavy snowstorm and dangerously low temperatures hit the northeastern United States, delaying flights, paralysing road travel and closing schools and government offices. For the week, the CRB was headed for a drop of more ...

Wheat premiums steady-firm as Egypt sets tender CHICAGO: Export premiums for wheat at the US Gulf Coast were steady to firm on Thursday amid good global demand and limited near-term loading capacity at several export terminals, traders said.Egypt's GASC set a tender to buy cargoes of wheat for shipment in late January and early February, with results expected on Friday.US soft red winter wheat is among the least expensive wheat varieties currently on the world market. But most Louisiana Gulf elevators have ...
America first marijuana stores open in Colorado DENVER: Marijuana users celebrated on Wednesday as Colorado became the first US state to allow retail cannabis sales, putting it in the vanguard of efforts across the country to legalize the drug.The western state famous for its ski resorts and breathtaking mountain vistas has issued 348 retail licenses including for small pot shops than can sell up to 28 grams of pot to people aged 21 or older.Washington state on the Pacific Coast will follow ...
Cocoa marks big annual gain as coffee, sugar prices slide NEW YORK: Cocoa futures in New York and London were mixed on Tuesday, with both markets finishing 2013 up more than 20 percent in their biggest annual gains in four years, bucking a broader commodities downtrend. ICE arabica coffee futures plunged as speculators renewed their selling and commercial buying remained quiet, skidding to a 2013 loss of 23 percent. Raw sugar futures gained in subdued trading, even as 2013 marked a ...
CBOT wheat to 19-month low on ample supplies, weakness in corn CHICAGO: Front-month wheat futures on the Chicago Board of Trade fell 1.4 percent on Monday, falling to $6.00 a bushel for the first time in more than 19 months on abundant global wheat supplies and spillover pressure from declines in corn, traders said.Contract lows set in CBOT, KCBT and MGEX wheat, with CBOT March wheat dipping to $6.00, a key psychological support level, near the closing bell.USDA reported export inspections of US wheat in the ...
CBOT soybeans fall on improving South American crop prospects CHICAGO: Soybean futures on the Chicago Board of Trade fell on Monday after weekend rains buoyed crop prospects in Argentina and Brazil, traders said.Contract lows set across the board in soyoil.Soybeans pared losses toward the close after March dipped below $13.00 but stayed above its Dec. 13 low of $12.99-1/4.Front-month January soymeal bucked the weak trend, rising more than 1 percent on short-covering ahead of the contract's delivery period.Trade expects no deliveries of soybeans or ...
Corn, set for biggest annual drop, slips on Argentine rain CHICAGO: U.S. corn prices closed in on their biggest ever annual decline, falling near 1 percent on Monday as more rain eased drought worries in major exporter Argentina.Soybean prices, on track to end the year with only modest losses, also eased. Wheat was pointed toward a yearly decline of more than 20 percent, the biggest loss since 2008, with persistent pressure from an abundant global stockpile.Corn futures were almost certain to end 2013 as the ...

 



 
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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