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Philippines halts sugar exports, cuts 2014/15 output forecast MANILA: The Philippines' Sugar Regulatory Administration (SRA) said on Tuesday it was scrapping sugar export allocations from the country's 2014/15 output to boost domestic supply and stabilise rising local prices of the sweetener.In a policy announcement on its website, the SRA said a "comfortable buffer" must be maintained to ensure stable supply and prices.The SRA also said raw sugar output for the current crop year, which ends in August, will be around 2.32 million tonnes, lower than the 2.465 million tonnes announced in March due to unfavourable weather conditions.Copyright Reuters, 2015 ...

Palm soars nearly 4pc, lifted by soy markets KUALA LUMPUR: Malaysian palm oil futures rallied nearly 4 percent to their highest in 2-1/2 months on Monday, tracking a jump in overseas soyoil markets and further underpinned by strong exports for the month of May.A weak Malaysian currency also stoked buying interest in the ringgit-priced feedstock. The ringgit slid to 3.6810 per dollar, its weakest in almost seven weeks, on concerns that lower crude oil may hurt the country's trade and fiscal accounts.The August ...
TOCOM up for 5th session to fresh 14-month high on Shanghai gains TOKYO: Benchmark Tokyo rubber futures climbed for a fifth straight session to a fresh 14-month high on Monday, helped by firmer Shanghai futures and a weak yen against the dollar.Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber prices in Southeast Asia, have gained 26 percent since April's lows, backed by aggressive buys from Chinese speculators and a stronger Shanghai market, although an overall supply issue in Asia has not improved, dealers ...
LME aluminium may retrace to $1,758 SINGAPORE: LME aluminium faces a resistance at $1,784 per tonne and may retrace to $1,758, as indicated by a Fibonacci projection analysis.The resistance is provided by the 114.6 percent Fibonacci projection level of a downward wave c, the third wave of a three-wave cycle that developed from the May 6 high of $1,977.Strengthening the resistance is another one established by the trendline falling from $1,977. These two resistances will work together to cause a drop ...
Shanghai copper may drop to 43,510 yuan SINGAPORE: Shanghai copper may drop to 43,510 yuan per tonne as it has left an upper channel and moved into a lower channel.The upper channel has been developing from the Jan. 26 low of 38,860 yuan. Based on this channel, a similar rising channel has been duplicated, and its lower channel line points an aggressive target at 40,640 yuan, which could be reached over the next week.A more realistic target will be 43,510 yuan, the ...
LME aluminium may bounce towards $1,784 SINGAPORE: LME aluminium looks exhausted and may bounce towards $1,784 per tonne, as indicated by its wave pattern and a Fibonacci projection analysis.The metal is riding on a wave c, the third wave of a three-wave cycle that developed from the May 6 high of $1,977. The bullish divergence on the hourly RSI indicates this wave is likely to end around a support at $1,732, its 161.8 percent level.This support is strengthened by another one ...
Shanghai copper still targets 43,510 yuan SINGAPORE: Shanghai copper still targets 43,510 yuan per tonne, following its drop below the lower channel line of a falling channel.The channel has been developing from the Jan. 26 low of 38,860 yuan. The lower channel line of a duplicated channel points an aggressive target at 40,640 yuan, which looks too far to be realistic.The immediate target will be at 43,510 yuan, the 38.2 percent Fibonacci retracement on the uptrend from 38,860 yuan to the ...


Index Closing Chg%
Arrow DJIA 17,730.11 0.16
Arrow Nasdaq 5,009.22 0.08
Arrow S&P 2,076.78 0.03
Arrow FTSE 6,585.78 0.67
Arrow DAX 11,058.39 0.37
Arrow CAC-40 4,808.22 0.57
Arrow Nikkei 20,539.79 0.08
Arrow H.Seng 26,064.11 0.83
Arrow Sensex 28,092.79 0.53

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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 $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 01, 2015
Reserves $18.5 bln