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China iron ore futures fall to six-week low on tepid buying SHANGHAI: Chinese iron ore futures fell for a second day to a six-week low on Thursday on reduced buying interest from steel mills in top consumer China due to tight credit and high port stockpiles.Chinese banks have slashed credit to the steel sector on concerns about increasing default risks and record-level port stockpiles."We have found it difficult to sell this week, and there are even no inquiries right now," said an iron ore trader in Beijing."Steel mills are pushing to lower buying prices but we can't sell too low, and we think prices will hold above $103 a tonne."The benchmark iron ore contract for September delivery on the Dalian Commodity Exchange slumped to a session low of 738 yuan ($120) a tonne, a level last seen on March 25. It dropped 2.1 percent to 743 yuan by midday break.Iron ore imports hit their second-highest level on record at 83.39 million ...

China's April coal imports up 7.2pc on month SHANGHAI: China's total coal imports, including lignite, rose for the second month in a row in April to hit 27.11 million tonnes, as cheaper overseas prices encouraged traders to increase orders. Chinese buyers had increased orders as lower international coal and freight prices cut import prices by between 10-15 yuan ($1.60-$2.41) a tonne and made arbitrage more attractive, traders said. Expectations that local prices would rise ahead of a planned two-week maintenance of the main ...
Asia Coffee: Indonesian beans ease; roasters favour Vietnam SINGAPORE: Indonesian robusta prices weakened, with beans sold to trading houses at rates on par with London futures this week as the crop harvest gained pace, but roasters were still in favour of cheaper beans from rival Vietnam, dealers said on Thursday. Indonesia, the world's third-largest coffee producer, mainly grows robusta - a bitter-tasting variety used in instant coffee.Indonesia and Vietnam, which compete in the robusta market, together account for about 27 percent of global ...
CBOT soybeans to test support at $14.35-1/2 SINGAPORE: CBOT soybeans July contract is expected to test a support at $14.35-1/2 per bushel, a break below which will open the way towards $14.15-1/4.The support is provided by the 50 percent Fibonacci retracement on the rise from the March 12 low of $13.50-1/4 to the April 29 high of $15.20-1/2. Following soybeans' drop below the former support at $14.55-1/2, there might not be any other support to hold the fall until they reach $14.35-1/2.A ...
Palm oil little changed, poised to rebound above 2,600 ringgit KUALA LUMPUR: Malaysian palm oil futures held little changed on Wednesday as a stronger ringgit capped buying interest, although traders said current weakness in the palm market could prompt short-covering that will prop up prices.The benchmark July contract on the Bursa Malaysia Derivatives Exchange stood at 2,568 ringgit ($792) per tonne by the midday break, nearly flat from the previous session's close.Malaysian palm prices, which set the tone for global prices, have dropped five days ...
Wheat slips from 13-month highs, soybean near 1-month low SINGAPORE: US wheat dipped on Wednesday, taking a breather after climbing to its highest in 13 months as a relentless US drought and turmoil in Ukraine threaten to reduce world supplies. Soybeans fell for a third consecutive session, trading near Tuesday's one-month low with rising global oilseed supplies and slowing demand from top importer China weighing on the market. Chicago Board Of Trade July wheat, the most actively traded contract, fell 0.3 percent to $7.36-1/2 ...
Gold climbs towards 3-week high on softer dollar, Ukraine tensions SINGAPORE: Gold climbed to trade near its highest in three weeks on Wednesday, helped by a weaker dollar and simmering tensions in Ukraine that triggered safe-haven bids.Violence flared on Tuesday in the eastern Ukrainian port of Mariupol, where a spokesman for pro-Moscow militants toldRussia's Itar-Tass news agency that one person was killed and three wounded in an attack on a checkpoint.Supporters of Russia and of a united Ukraine have been burying their dead as Ukraine ...


Index Closing Chg%
Arrow DJIA 17,689.86 0.03
Arrow Nasdaq 5,128.28 0.01
Arrow S&P 2,103.84 0.23
Arrow FTSE 6,696.28 0.41
Arrow DAX 11,308.99 0.46
Arrow CAC-40 5,082.61 0.72
Arrow Nikkei 20,585.24 0.30
Arrow H.Seng 24,636.28 0.56
Arrow Sensex 28,114.56 1.48

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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 $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln