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India takes back coal blocks from private firms over delays NEW DELHI/BHUBANESWAR: India's coal ministry is taking back 31 coal blocks allocated to private firms including the Tata group and Jindal Steel and Power over delays in developing them, jeopardising billion-dollar projects and inviting warnings of legal action. The ministry, reviewing some 61 coal blocks allocated over the past decade that have not started production yet, announced on Tuesday it is reclaiming about half as companies have failed to meet milestones. The companies say delays in getting some government clearances hampered work on the blocks. "The ministry has already sent notices to a number of companies about the de-allocation," coal ministry spokesman N.C. Joshi said on Wednesday. "Some others will be intimated soon." The Tata group, in partnership with South Africa's Sasol Ltd , was planning to invest $10 billion in a project to convert low-quality coal into oil starting 2018. Jindal Steel too was working on a similar project ...

Soybeans near 5-month high, wheat holds at 2-month top SINGAPORE: Chicago soybeans were little changed on Wednesday, hovering near their highest in five months, as unfavourable crop conditions in South America added to concerns about tight US supplies.Wheat hovered near its highest since late December on strong physical market prices in the United States, where adverse weather is threatening to erode winter crop yields.Chicago Board Of Trade March soybeans eased 0.1 percent to $13.59-3/4 a bushel, after climbing earlier in the session to $13.62-3/4 ...
Gold eases from 3-1/2 month highs, but economy woes lend support SINGAPORE: Gold slipped on Wednesday and came off 3-1/2-month highs hit in the previous session as investors reaped profits and physical buying subsided.But worries about global economic growth still underpin gold's safe-haven appeal and technical charts indicate the metal is set to rise.Gold eased 0.1 percent to $1,319.40 an ounce by 0312 GMT. It touched $1,332.10 an ounce on Tuesday, the strongest since Oct. 31, before shedding some of the gains. Bullion has risen around ...
Palm oil eases on stronger ringgit, remains near 9-week highs JAKARTA: Malaysian palm oil futures eased on Monday, with prices weighed by a stronger ringgit and as traders booked profits after prices hit a nine-week high in the previous session.The Malaysian ringgit rose as much as 0.5 percent to 3.2880 per dollar, its strongest since Jan. 16, on demand from leveraged funds. A firmer ringgit eats into margins for overseas buyers and refiners.By the midday break, the benchmark May contract on the Bursa Malaysia Derivatives ...
Palm oil may fall to 2,624 ringgit SINGAPORE: Malaysian palm oil may break a support at 2,648 ringgit per tonne and fall more to 2,624 ringgit, as indicated by its wave pattern and a Fibonacci retracement analysis. An upward wave (3) has peaked, causing the current sharp correction. This wave has been driving palm oil up from 2,520 ringgit, an hourly chart low touched on Feb. 4. A Fibonacci retracement analysis on this wave reveals a weak support at 2,648 ringgit, the ...
Gold extends gains to 3-1/2 month high on US growth fears SINGAPORE: Gold hit a 3-1/2 month peak on Monday as fears over US economic growth and a weaker dollar added to the metals' safe-haven appeal, extending its gains after rising the most in six months last week.Market sentiment towards gold has been positive since the beginning of the year as weak US and China economic data, and emerging market jitters have taken a toll on global equities, spurring demand for bullion - often seen at ...
CBOT corn may fall to $4.32-1/2 SINGAPORE: CBOT March corn is expected to break a support at $4.39 per bushel and fall more to $4.32-1/2 thereafter.A three-wave cycle rising from the Jan. 10 low of $4.06-1/4 has peaked at the Monday high of $4.49. A Fibonacci retracement analysis on the cycle reveals a support at $4.39, the 23.6 percent level, which has temporarily stopped corn from falling further.The correction from $4.49 could be too shallow if it just ends around the ...


Index Closing Chg%
Arrow DJIA 18,080.14 0.12
Arrow Nasdaq 5,092.09 0.71
Arrow S&P 2,117.69 0.23
Arrow FTSE 7,070.70 0.24
Arrow DAX 11,810.85 0.74
Arrow CAC-40 5,201.45 0.44
Arrow Nikkei 20,020.04 0.83
Arrow H.Seng 28,060.98 0.84
Arrow Sensex 27,437.94 1.07

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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 $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln