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Gold rises above $1,200, but robust dollar curbs gains SINGAPORE: Gold edged above $1,200 an ounce on Thursday after a three-day losing streak as equities weakened, but gains were limited by robust US economic data and strength in the dollar.Spot gold had ticked up 0.4 percent to $1,203.70 an ounce by 0343 GMT, after losing 1 percent in the last three sessions, as Asian stocks slipped after Wall Street continued to pull back from record highs.However, with the dollar at an 11-1/2-year peak after strong US data and the technical picture looking weak, analysts expect gold to head lower.The next support for gold currently comes in at $1,195, said technical analysts at ScotiaMocatta."We expect a further test of this level, and should we see it break, it would be bearish for gold and open a test of the $1,131-low (reached in November 2014)," they said.Gold is on shaky ground on the back of robust US economic data, fears of ...

CBOT soybeans may break support at $9.91-1/4 SINGAPORE: CBOT soybeans May contract may retest a support at $9.91-1/4 per bushel, with a good chance of breaking below this level and falling more to $9.80.The support is at the 61.8 percent Fibonacci retracement on the rise from the Jan. 30 low of $9.61-3/4 to the March 2 high of $10.39, temporarily blocking the way towards the 76.4 percent level at $9.80.The uptrend from the Feb. 11 low of $9.71 has been developing in ...
South Korea's KOCOPIA seeks 55,000 tonnes of corn for June SEOUL: South Korea's Korea Corn Processing Industry Association (KOCOPIA) is seeking 55,000 tonnes of US or worldwide origin corn for June arrival via a tender, South Korean traders said on Thursday.The tender will close at 4:30 p.m. (0730 GMT) on Thursday, and the shipment should arrive at the ports of Incheon and Kunsan by June 30.Copyright Reuters, 2015 ...
Palm oil prices set for a ‘year of two halves’, biodiesel demand eyed KUALA LUMPUR: Palm oil prices are set for a "year of two halves", rising over the next few months as demand overwhelms supply but slipping to as much as six-year lows later in 2015 as output climbs, analysts said at an industry conference. Demand for the tropical oil would also face headwinds from bulging world supplies of rival soyoil and weak Brent crude prices that make palm an unattractive option for blending into biodiesel, they ...
Indonesia self-sufficiency push will drive up beef prices JAKARTA: Plans by Indonesia's new president to make the nation self-sufficient in foods such as beef are showing signs of backfiring, with a major industry group warning prices for the meat could soar 50 percent in the next few months.Climbing meat prices as the government clamps down on imports could exacerbate a rise in inflation that would likely come if oil prices make a strong recovery from their recent lows, hitting efforts to boost Southeast ...
TOCOM ends higher in choppy trade, follows early Shanghai rally TOKYO: Benchmark Tokyo rubber futures closed higher on Wednesday as a temporary rally in Shanghai futures prompted short-covering towards end of trade, but the rise may be short-lived going into Thursday as Shanghai pared gains to end weaker, dealers said.Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber prices in Southeast Asia, dropped to 216.6 yen in early trade as investors took profits on concerns Shanghai futures could decline after recent gains.The ...
Palm prices seen at 6-year lows in H2 if bio-diesel demand stays weak KUALA LUMPUR: Malaysian crude palm oil prices will average 2,260 ringgit a tonne in the first half of 2015, but may drop to more than six-year lows later in the year if demand from the bio-diesel sector does not pick up, leading industry analyst James Fry said.Benchmark palm prices sank almost 15 percent in 2014, partly dragged by a crude oil rout that made palm an unattractive option for blending into bio-diesel.Dubbing it a year ...


Index Closing Chg%
Arrow DJIA 18,135.72 0.21
Arrow Nasdaq 4,982.81 0.32
Arrow S&P 2,101.04 0.12
Arrow FTSE 6,961.14 0.6
Arrow DAX 11,504.01 1.00
Arrow CAC-40 4,963.51 0.94
Arrow Nikkei 18,751.84 0.26
Arrow H.Seng 24,193.04 1.11
Arrow Sensex 29,448.95 0.23

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $16.137 bln