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Iron ore cuts weekly gain as Chinese buying stalls SINGAPORE: Spot iron ore prices are set to pare weekly gains after the commodity came off a 10-week high as Chinese buying interest stalled following a recent restocking binge.Australian miner Atlas Iron said on Friday it will resume full mining operations, given the recent rebound in iron ore prices to above $60 a tonne, potentially adding to a glut that has caused prices of the raw material to shed more than 50 percent from the start of 2014.Iron ore for immediate delivery to China's Tianjin port <.IO62-CNI=SI> fell 1.3 percent to $61.20 a tonne on Thursday, according to the Steel Index.The benchmark is still up 1.2 percent so far for the week, having hit $62.50 on Monday, its loftiest since March 2. But the weekly gain is much smaller than last week's 7.7-percent jump."Mills have already covered their short-term requirements and they're not in a hurry to replenish further this ...

Philippines may boost rice imports as production falls MANILA: The Philippines is set to consider importing more rice after revising down its estimate of first-half domestic production and faced with further dry weather from expected El Nino conditions later in the year.The Philippines is one of the world's biggest rice importers and additional purchases could help support rice export prices in Asia, which have fallen amid weak demand.Domestic production of unmilled rice is expected at 8.27 million tonnes in the first half, the ...
Corn at one-week low on rapid US planting progress SINGAPORE/PARIS: Chicago corn slid for a second session to its lowest level in a week on Tuesday as planting made rapid progress across the US Midwest and concerns over bird flu curbed demand.Wheat and soybeans were slightly lower on ample world supply.Chicago Board of Trade July corn was 0.6 percent lower at $3.58-1/2 a bushel by 1200 GMT, after falling to $3.58, a low since May 5. The grain closed down 0.7 percent the day ...
Palm inches up on surge in exports, but higher stocks cap gains KUALA LUMPUR: Malaysian palm oil futures rose on Monday on a surge in demand in the first 10 days of the month and as the ringgit weakened, but gains were capped by industry data showing stocks in the world's No.2 producer have swelled to a five-month high.Cargo surveyor Intertek Testing Services reported that exports of Malaysian palm oil products for May 1-10 rose 41.3 percent from the same period in April to 458,677 tonnes as ...
Soybean rises after China cuts rate, wheat up on low yield view SINGAPORE/PARIS: Chicago soybean futures rose on Monday as China cut interest rates, boosting expectations for higher demand from the world's largest importer of the oilseed, while wheat gained on expectations of below-average yields for the US crop.Corn was slightly firmer in cautious trade, after a sharp rise on Friday but near-perfect weather across the US Midwest helping farmers plant at a brisk pace capped gains.The market is waiting for the US Department of Agriculture weekly ...
NY cocoa&#39;s target at $3,000 aborted SINGAPORE: A bullish target at $3,000 per tonne has been aborted for New York July cocoa as it failed to climb above the May 1 high of $2,967.The target was based on an assumption that the uptrend from the March 31 low of $2,682 consists of five waves, with the final wave labeled e unfolding towards the upper trendline of a rising wedge. Cocoa's failure to reach $2,967 has raised a question on whether the ...
Asia Coffee: Price falls dull trade in Vietnam HANOI: Vietnamese traders cut back sales on lower global prices, while a delayed arrival of the bean from Indonesia after harvest also curbed supply, traders said on Thursday. The July robusta contract ended down $42, or 2.4 percent, at $1,736 a tonne on Wednesday. The contract opened lower on Thursday and was trading $24 lower at $1,712 a tonne at 0948 GMT. Vietnamese robustas fell to 36,300-37,400 dong ($1.68-$1.73) per kg on Thursday in Daklak, ...

 



 
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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%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyMay 21, 2015
Reserves $17.75 bln