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Gold near 4-month high on worries over Europe, global economy SINGAPORE: Gold held firm just below a four-month high on Tuesday, underpinned by safe-haven bids on market volatility stoked by uncertainty over Europe's economy and global growth worries.Traders were awaiting the European Central Bank policy meeting this Thursday, which could see the unveiling of a bond-buying stimulus package.The Sunday election in Greece, where the anti-bailout party Syriza maintains a lead in the polls, also added to nervousness in the market.Spot gold was steady at $1,277.10 an ounce at 0735 GMT, after easing 0.2 percent on Monday. The metal had jumped to a September peak of $1,281.50 on Friday, after a broad market rout prompted by Switzerland's unexpected move abandoned a cap on the franc."The expectation is gold will move higher towards $1,300, however, we are likely to see a profit-taking-driven pull back with support for such a move lower sitting around $1,250," said MKS Group trader Sam Laughlin."The market will ...

Palm edges up on near 6-year low ringgit, but struggles with grim outlook KUALA LUMPUR: Malaysian palm futures slipped to a two-week low on Tuesday as lacklustre demand and a grim outlook on global commodity markets piled pressure, but prices pulled up in late trade as they clung onto support from the ringgit that slumped to near 6-year lows.Industry experts say palm prices face a volatile year in 2015 and will be driven by global demand factors, including uncertain market movements in crude and rival edible oils. The ...
Gold near 4-month high on fund inflows, safe-haven bids SINGAPORE: Gold held close to a four-month high on Monday as uncertainty in global markets pushed investors towards the safe-haven metal, with holdings in the top bullion fund recording their biggest jump in nearly five years.A market rout after Switzerland unexpectedly abandoned a cap on the franc last week triggered strong bids for gold, often seen as an alternative investment to risky assets.Holdings in SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, climbed 1.92 ...
Palm prices seen volatile in 2015, may touch 6-year lows: MPOB KUALA LUMPUR: Palm oil futures could drop this year to their lowest level since February 2009 and may be volatile because uncertainty in the global economy causes prices in commodity markets to fluctuate, an official from the Malaysian Palm Oil Board said on Monday.Malaysian palm oil prices, which set the tone for global prices, are expected to trade between 1,820 ringgit ($504) and 2,750 ringgit in 2015, against earlier estimates of 2,300-2,500 ringgit, said Ramli ...
China Dec cotton imports at 264,500 T, down 57pc y/y: industry website BEIJING: China imported 264,500 tonnes of cotton in December, down 57 percent from the corresponding month a year ago, said industry website Cncotton.com, citing customs data.The country imported 2.4 million tonnes of the fibre for the full year 2014, down 41 percent, after the government issued fewer import quotas to mills.Copyright Reuters, 2015 ...
Palm ends lower on bleak global outlook, weather worries supports KUALA LUMPUR: Malaysian palm oil futures ended lower in choppy trade on Monday, reversing gains made in the morning session on concerns that a gloomy global economic outlook will weaken prices.The benchmark contract had risen in early trade to touch 2,336 ringgit as wet weather lifted expectations that January output could be lower than expected, following flood warnings from Malaysia's weather bureau for parts of its top growing regions of Sabah and Sarawak."On the local ...
Weak El Nino unlikely to disrupt Southeast Asia palm oil supply KUALA LUMPUR: The weak El Nino conditions expected over the next three months are unlikely to disrupt palm oil output in Southeast Asia, the source of most of the world's supply, the head of a palm research company said on Monday.Ling Ah Hong, director at Malaysia-based plantation research company Ganling Sdn Bhd said that while it is still possible for El Nino to emerge in the first quarter of the year, it will be weak ...

 



 
Index Closing Chg%
Arrow DJIA 17,191.37 1.13
Arrow Nasdaq 4,638.00 0.93
Arrow S&P 2,002.16 1.35
Arrow FTSE 6,825.94 0.21
Arrow DAX 10,710.97 0.78
Arrow CAC-40 4,610.94 0.29
Arrow Nikkei 17,795.73 0.15
Arrow H.Seng 24,861.81 0.22
Arrow Sensex 29,559.18 0.04






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyNovember
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln