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Palm ends lower on selling pressure, prices rangebound KUALA LUMPUR: Malaysian palm oil futures ended lower on Wednesday as the contract succumbed to selling pressure in late afternoon trade, reversing gains stemming from a weak ringgit which had lifted the tropcial oil to a near two-week high.Benchmark prices have pulled up from over three-week lows earlier this week, following a surge in Chinese and US soy markets, with robust export demand so far in May also fuelling the rise. But whether prices can continue to climb will hinge on strong demand stretching into next month, traders said."The demand, and the soybean oil rally, it all came in unison. But the moment prices touched 2,190 ringgit, there was some resistance," said a trader with a local commodities brokerage in Malaysia."The big question mark is whether this export momentum will sustain in the month of June," the trader said."Today they might try again to see whether prices can sustain at ...

TOCOM extends gains on weak yen and Shanghai momentum TOKYO: Benchmark Tokyo rubber futures extended gains to a fresh 14-month high on Wednesday, backed by a softer yen and as Shanghai futures sustained upward momentum, dealers said.The Tokyo Commodity Exchange rubber contract for November delivery rose 3 yen, or 1.3 percent, to settle at 234.2 yen ($1.90) per kg. It earlier hit 235 yen, the highest since April 2, 2014."There was no fresh fundamental news," said Toshitaka Tazawa, an analyst at Fujitomi Co. "But ...
Shanghai copper to drop to 43,510 yuan SINGAPORE: Shanghai copper is expected to drop to 43,510 yuan per tonne as it has cleared support at 44,610 yuan.Support was provided by the 23.6 percent Fibonacci retracement on the uptrend from the Jan. 26 low of 38,860 yuan to the May 13 high of 46,390 yuan. The next support will be at 43,510 yuan, the 38.2 percent level.The uptrend from 38,860 yuan could have reversed, as indicated by the depth of the fall from ...
Dalian iron ore futures slip after rally, Citi cuts forecast MANILA: Iron ore futures in China retreated on Wednesday following a rally that lifted them to a two-week high as Citigroup cut its long-term price forecast by a third in anticipation of slowing Chinese demand.Iron ore had been boosted in recent sessions by declining stockpiles of the steelmaking commodity at China's ports, reflecting limited availability of some spot cargoes and pushing the price for immediate deliveries above $60 a tonne."There's a general consensus that this ...
US wheat eases as dollar curbs weather rally SINGAPORE/PARIS: Chicago wheat futures edged lower on Tuesday as traders awaited a government crop update to assess any damage from heavy rain, while a rising dollar put pressure on U.S. commodities.Soybeans ticked up, steadying from their lowest in nearly eight months during the previous session, as the market weighed favourable U.S. crop weather against the risk of logistical backlogs in Argentina due to labour disputes.Corn futures inched lower.The Chicago Board of Trade's spot wheat contract ...
Palm touches highest in nearly 2 weeks, follows overseas soyoil markets KUALA LUMPUR: Malaysian palm oil futures rose to their highest in nearly two weeks on Tuesday, pulling up from three-week lows in the previous session, boosted by a jump in overseas edible oil markets and strong export demand.Traders said overnight gains in US and Chinese soyoil have paved the way for palm to rise, after Malaysian exports surged in the May 1-25 period.The US July soyoil contract was up 1.2 percent in late Asian trade ...
TOCOM hits 14-month high on firmer Shanghai, yen fall TOKYO: Benchmark Tokyo rubber futures surged to a 14-month high on Tuesday following a jump in Shanghai futures on the back of strong Chinese equities and a sharp drop in the yen against the U.S. dollar, dealers said.Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber prices in Southeast Asia, had touched a 13-month high earlier this month, led by a flurry of buys from Chinese funds, but investors and traders have ...


Index Closing Chg%
Arrow DJIA 18,162.99 0.67
Arrow Nasdaq 5,106.59 1.47
Arrow S&P 2,123.48 0.92
Arrow FTSE 7,033.33 1.21
Arrow DAX 11,771.13 1.26
Arrow CAC-40 5,182.53 1.95
Arrow Nikkei 20,472.58 0.17
Arrow H.Seng 28,081.21 0.60
Arrow Sensex 27,564.66 0.12

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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 $-1.795 bln
Exports $1.995 bln
Imports $3.790 bln
WeeklyMay 26, 2015
Reserves $17.749 bln