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Gold off 1-month low, but US rate hike fears cap gains SINGAPORE: Gold rebounded on Tuesday from a one-month low hit in the prior session, helped by short covering and a rise in bullion-backed exchange traded fund holdings, but expectations of higher US interest rates and a lack of physical buying capped gains.Some gold investors have turned bearish after comments last week from US Federal Reserve Chief Janet Yellen that suggested interest rates could rise sooner than many had expected, hurting bullion's appeal as a hedge against inflation.Gold added $4.43 to $1,313.55 an ounce by 0337 GMT, off Monday's trough of $1,307.54, its weakest since Feb. 20, but below a six-month top of $1,391.76 hit last week."ETF holdings have been supportive. Much of that has been the main reason why prices this year have been stable," said Mark Keenan, head of Commodities Research for Asia at Societe Generale. "Short covering at the start of the year and the safe-haven appeal throughout ...

China plans to cut cotton sales price BEIJING: China plans to slash the sales price for cotton in its strategic reserve for the first time since November, a move traders say will likely speed up lackluster auctions and stymie demand for foreign fiber from the world's No. 1 textile industry. On Monday, New York cotton futures, which are used as a global benchmark, sank over 2 percent and were on track for their sharpest daily rout in two months following Beijing's latest ...
China to lower state cotton price to help boost sales BEIJING: China, the world's top consumer of cotton, will lower its bidding price for sales of state cotton reserves from April 1, in an effort to boost the sales, the China Cotton Association said. The bidding price would be lowered to 17,250 yuan ($2,800)per tonne from April 1, down from 18,000 yuan per tonne for standard-quality cotton now, the association said. Copyright Reuters, 2014 ...
Soy eases for 2nd day on China demand fears, corn inches up SINGAPORE: Chicago soybean futures fell for a second straight session on Monday to their lowest in almost one-week as slowing demand in top consumer China eased concerns over tightening US supplies.Corn rose 0.7 percent as the market rebounded from a near two-week low on bargain-hunting, while wheat was little changed, taking a breather after declining more than 3 percent in the last two sessions.Chicago Board of Trade May soybeans had fallen 0.2 percent to $14.05-3/4 ...
Gold ticks lower on dollar, palladium holds near 2-1/2-year high SINGAPORE: Gold fell half a percent on Monday after posting last week its biggest weekly drop since November on the prospect of a US interest rate hike in early 2015 that has boosted the dollar and dented the metal's appeal as a hedge against inflation.A lack of activity in the physical sector also raised some concerns, with demand from top consumer China likely to be subdued because of a weak yuan and the discounted prices ...
Palm oil rises on prospects of tighter stocks KUALA LUMPUR: Malaysian palm oil futures rose on Monday, snapping two days of losses on prospects of tighter stocks in the world's second-largest grower, despite a pick up in production this month.Rainfall over most parts of palm-growing Malaysia last week ended a two-month drought that had hurt growth of palm fruit and planters said yields will take time to recover."Supply is still not that encouraging. Output is up, but the question is by how much," ...
Indian farmers driven to suicide as hail ruins crops MUMBAI: Unseasonal rains and hailstorms this month have damaged the winter-sown crops of millions of Indian farmers, but Rekha Garole lost more than others.Her 42-year-old husband Santuka killed himself this month after hail devastated the wheat and chickpea crops that they had been counting on to repay a bank loan of 90,000 rupees ($1,500)."He committed suicide to escape his debt burden," says Rekha, who met nearly a dozen political leaders in a week at her ...


Index Closing Chg%
Arrow DJIA 17,598.20 0.52
Arrow Nasdaq 5,115.38 0.25
Arrow S&P 2,098.04 0.25
Arrow FTSE 6,688.62 0.11
Arrow DAX 11,443.72 1.19
Arrow CAC-40 5,120.52 0.75
Arrow Nikkei 20,548.11 0.11
Arrow H.Seng 24,411.42 0.91
Arrow Sensex 28,187.06 0.26

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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-22.095 bln
Exports $23.885 bln
Imports $45.980 bln
WeeklyAugust 03, 2015
Reserves $18.536 bln