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Gold edges up, but US fiscal talks drag  SINGAPORE: Gold ticked up a little in thin pre-holiday trade on Monday as equities regained some strength, but prices stayed near their weakest in four months as the US fiscal stalemate drove investors to the sidelines.   Hedge funds and money managers slashed their net long gold positions in the week to Dec. 18 to their lowest level since the end of August, according to the Commodity Futures Trading Commission's Commitments of Traders report on Friday.   Despite the recent losses, gold remains set for a 12th straight year of gains on rock-bottom interest rates, concerns over the financial stability of the euro zone, and diversification into bullion by central banks.   Gold added 72 cents to $1,656.81 an ounce, having fallen to its weakest since August at $1,635.09 last week.   Bullion, traditionally an inflation hedge, hit a record around $1,920 in September 2011 when a worsening debt crisis in Europe sparked a buying rush.   "We are expecting ...

Bangladesh to import 1.0mn tonnes rice from Thailand  DHAKA: Bangladesh will import up to 1.0 million tonnes of rice from Thailand next year to prevent a rise in the price of the commodity, the government said on Saturday.   The two countries signed a memorandum during a visit by Thai Prime Minister Yingluck Shinawatra that began on Friday.   The rice crop for the year to June rose to s little over 35 million tonnes from the previous year's 34.25 million, food officials said. But the country ...
India NEW DELHI: India's state-run PEC Ltd received the highest bid at $321 per tonne from Australia's J.K. International for its wheat export tender, trade sources said on Friday.    Last month, PEC floated three global tenders offering a total of 190,000 tonnes of milling wheat for shipments by Feb. 10 from government warehouses located on the east coast.   The highest bid is for one of the three tenders that offered 35,000 tonnes at the Visakhapatnam port, the sources ...
India tea prices drop on higher supplies  MUMBAI: Tea prices in India, the world's second biggest producer, eased at this week's auction on higher supplies, though demand from local buyers was robust due to the winter season.   The price of CTC (crush-tear-curl) tea fell 0.87 percent to 145.73 rupees per kg, while the dust variety dropped 1 percent to 144.19 rupees per kg.   "Supplies were higher this week. Local buyers were active, but export demand was weak," an official at Calcutta Tea Traders' Association ...
Asian buyers to deepen Iranian crude import cuts in 2013  BEIJING/SINGAPORE: Asian buyers of Iranian crude will deepen import cuts in 2013 and struggle to send cash to Tehran to pay for oil as tightening Western sanctions choke the flow of hard currency to Iran's coffers.   Tough sanctions from the United States and Europe to force Iran to curb its nuclear programme have already cut Iran's oil exports by more than half this year, costing it more than $5 billion a month. The reduced cash flow ...
India soyoil rises on demand, firm palm oil; rapeseed down  MUMBAI: Indian soyoil futures rose 1 percent on Friday, tracking firm overseas markets and due to a weak rupee and an improvement in demand in the winter season.   * Soybean futures were steady as a drop in the world market outweighed good exports demand for soymeal, while rapeseed eased on higher acreage.   * As of 0837 GMT, Malaysian palm oil futures were up 3.1 percent at 2,393 ringgit per tonne, while US soybeans rose 0.98 percent to ...
Brent slips below $110 as US fiscal talks stall  SINGAPORE: Brent crude fell below $110 a barrel on Friday after talks in the United States to avert a budget crisis stalled, reviving worries about demand in the world's biggest oil consumer.   Republican lawmakers failed to back an effort to head off $600 billion worth of indiscriminate tax hikes and spending cuts that threaten to push the US economy into recession next year. The dramatic twist, coming after growing optimism just a few days earlier of ...

 



 
Index Closing Chg%
Arrow DJIA 16,960.57 0.72
Arrow Nasdaq 4,449.56 0.50
Arrow S&P 1,978.34 0.48
Arrow FTSE 6,791.55 0.44
Arrow DAX 9,644.01 1.53
Arrow CAC-40 4,330.55 1.82
Arrow Nikkei 15,457.87 1.13
Arrow H.Seng 24,216.01 0.31
Arrow Sensex 26,126.75 0.55





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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln