Just in:  

You are here: Home»Markets»Commodities»Asia



TOCOM dips to 1-week low on oversupply fear TOKYO: Benchmark Tokyo rubber futures dropped to a one-week low on Thursday, weighed down by growing concern over softening demand in China, the world's top consumer, and a lack of effective steps by top producers to fix oversupply, dealers said.The Tokyo Commodity Exchange rubber contract for May delivery fell 2.3 yen, or 1.1 percent, to settle at 200 yen ($1.7033) per kg. It earlier fell to as low as 199.3 yen, the lowest since Nov. 18."The yen's gain against the U.S. dollar and lower commodities prices prompted selling," a Tokyo-based dealer said.The dollar edged down against the yen on Thursday after lacklustre U.S. economic data pushed Treasury yields lower and dulled investor appetite for the greenback.Brent crude fell to a four-year low under $76.30 a barrel on Thursday as it became increasingly unlikely that OPEC would cut output to support prices during a meeting in Austria."Investors are disappointed by the ...

Palm oil falls as crude slides to four-year lows KUALA LUMPUR: Malaysian palm oil futures fell on Thursday as crude oil prices plunged to their lowest in four years, stoking worries that the tropical oil may lose its appeal as an additive in biofuels, while rumours of palm cargo defaults in India spooked investors.Brent crude fell $2 to a 50-month low under $76 a barrel, while US crude lost more than $1 to a session low of $71.89, as oil producers in OPEC looked ...
Hong Kong shares close down 0.45pc, Shanghai on three-year high HONG KONG: Hong Kong stocks fell 0.45 percent down Thursday, while China's benchmark Shanghai Composite Index ended on its highest close in more than three years.The Hang Seng Index fell 107.70 points to 24,004.28 points on turnover of HK$72.888 billion (US$9.4 billion).But in China, the benchmark Shanghai Composite Index gained 1.00 percent, or 26.15 points, to 2,630.49 on turnover of 339.0 billion yuan ($55.2 billion). The close was the highest since August 4, 2011, when ...
No Indian sugar export deals signed due to doubts over subsidies MUMBAI: Indian traders have yet to arrange sugar export deals for the new season harvest as mills are not producing raw sugar due to uncertainty over whether the government will offer incentives, industry officials said.A drop in exports by India, the world's second-biggest producer, would support global sugar prices and let rivals Brazil and Thailand increase shipments of the sweetener. In the 2013/14 marketing year to Sept. 30, India exported 2.1 million tonnes of sugar, ...
Gold slips further below $1,200 as fund outflows resume SINGAPORE: Gold dipped for a second session on Thursday, holding below $1,200 an ounce, as outflows resumed from the top bullion exchange-traded fund and traders remained cautious before an upcoming Swiss referendum on central bank bullion assets.A weaker dollar after lacklustre US data, however, checked losses in gold which is seen as a safe-haven asset."Gold is stuck on either side of $1,200 with a break of $1,190 or $1,205 needed for the next leg in ...
Spot gold's target at $1,176 intact SINGAPORE: A bearish target at $1,176 per ounce shall remain intact so long as spot gold hovers below a resistance at $1,203. The resistance is at the 23.6 percent Fibonacci retracement on the fall from the Aug. 28, 2013 high of $1,433.31 to the Nov. 7 low of $1,131.85. The rebound to this barrier could be regarded as an overdone pullback towards the lower trendline of a big triangle, which has almost been confirmed as ...
China's iron ore futures rise over 2pc in early trade SHANGHAI: Chinese iron ore futures rebounded from near record lows to rise more than 2 percent in early trade on Thursday, posting their biggest percentage gain in over a month. The most traded May iron ore contract on the Dalian Commodity Exchange rose as much as 2.6 percent to 475 yuan ($77.41) a tonne, before easing to 472 yuan at 0134 GMT. Benchmark 62-percent grade iron ore for immediate delivery to China's Tianjin port slipped ...


ArrowDJIA 17,827.75 0.07
ArrowNasdaq 4,787.32 0.61
ArrowS&P 2,072.83 0.28
ArrowFTSE 6,729.17 0.03
ArrowDAX 9,915.56 0.55
ArrowCAC-40 4,373.42 0.20
ArrowNikkei 17,383.58 0.14
ArrowH.Seng 24,111.98 1.12
ArrowSensex 28,386.19 0.17

Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln