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South Korea seeks 64,682 T of rice for June-July     SEOUL: South Korea is seeking a combined 64,682 tonnes of non-glutinous rice for arrival between June and July via tenders, the state-run Korea Argo-Fisheries & Food Trade Corp said.   Registration for the tenders will close at 2 p.m. (0500 GMT) on March 11 and electronic bids will be held from 10 a.m. to 11:30 a.m. on March 12, the agency said.   Copyright Reuters, 2013         ...

BHP Billiton CEO Kloppers retires as profits plunge SYDNEY: BHP Billiton said Wednesday its boss Marius Kloppers will leave in May, weeks after the head of rival miner Rio Tinto resigned, with profits hit by weak commodity prices and cool Chinese demand.   After nearly six years at the helm, South African Kloppers will be replaced by Andrew Mackenzie, the chief executive of non-ferrous business at the world's biggest miner.   The departure of Kloppers, who led the firm through the global financial crisis, came on the ...
CBOT corn looks neutral in $6.87-1/4 to $7.01 range  SINGAPORE: CBOT March corn looks neutral, as it was stuck in a range of $6.87-1/4 to $7.01 again.   The range is formed by the Feb. 13 low and the 23.6 percent Fibonacci retracement on the fall from the Feb. 1 high of $7.46-1/4 to this low.   Corn has failed to break above $7.01 three times, indicating the resistance provided by this level is very strong. However, the continuation of the preceding downtrend will not be confirmed until ...
Iron ore near 2013 peak on China steel demand hopes        SINGAPORE: Iron ore rose to its priciest in nearly six weeks and looked set to mark a new high in more than 16 months as Chinese buyers rebuild stockpiles ahead of steel demand picking up steam.   Firmer spot steel prices in China, the biggest consumer of both steel and iron ore, are encouraging producers to buy more iron ore amid limited supply of prompt shipments, pushing up prices that have almost doubled since September.   Inventories of iron ...
Oil edges up, soybeans rally; metals, cocoa slump   NEW YORK: Oil prices inched up on Tuesday, following stock markets higher, despite threats of a buildup in US crude supplies and economic worries in Europe, and soybean futures advanced their most in seven months on prospects of lower Argentine production.   Metals markets ended broadly lower.   Copper hit a three-week low, depressed by unease over top consumer China's limp return to the market from a week-long holiday. Gold fell near a six-month low, holding just above $1,600 ...
Bangladesh gets lowest bid at $328.16 per Tonnes in wheat tender DHAKA: Bangladesh's state grains buyer received on Tuesday the lowest offer of $328.16 a tonne from a domestic firm in an international tender to buy 50,000 tonnes of wheat, an official from the state agency said.   Smile Food Products made the lowest offer among six bidders that took part in the tender, the ninth issued by the government's grain purchasing authority in the current fiscal year, which ends in June.   The price included cost, freight, insurance and ...
Indian gold demand weak as jewellers postpone purchases           MUMBAI: Gold demand in India, the world's biggest buyer of the metal, remained sluggish on Monday as buyers postponed purchases expecting a sharp drop in prices.   As of 1052 GMT, the most active gold contract for April delivery on the Multi Commodity Exchange (MCX) was 0.01 percent lower at 30,190 rupees per 10 grams.   "Demand is weak from local jewellers. Investment demand is also weak. Jewellery exporters are buying, but they are also cautious," said a Mumbai-based ...


Index Closing Chg%
Arrow DJIA 17,098.45 0.11
Arrow Nasdaq 4,580.27 0.50
Arrow S&P 2,003.37 0.33
Arrow FTSE 6,825.31 0.08
Arrow DAX 9,479.03 0.09
Arrow CAC-40 4,379.73 0.03
Arrow Nikkei 15,476.60 0.34
Arrow H.Seng 24,752.09 0.04
Arrow Sensex 26,867.55 0.86

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln