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India's imports of gold-silver alloy may almost double PANAJI: India's imports of dore, a semi-pure alloy of gold and silver, are rising fast and could nearly double this fiscal year, the head of the country's top gold refiner said on Saturday.A lower duty of 8.24 percent on dore, versus the overall tax of 10.30 percent on the import of refined gold, is pushing refineries to buy more. Some new refineries have also added to demand."In the last few months, dore imports are going up," Rajesh Khosla, managing director of MMTC-PAMP India, said on the sidelines of the International Gold Convention in Panaji, capital of India's western resort state of Goa."With the current trend, its share in total imports could rise to 15 to 20 percent."India, whose gold consumption is rivalled only by China, imported 940.5 tonnes of gold in the last fiscal year that ended on March 31, according World Gold Council data. Dore's share was about 11 ...

China July sugar imports up 72.7pc y/y at 485,027 tonnes BEIJING: China imported 485,027 tonnes of sugar in July, up 72.7 percent on the year, customs data showed on Friday.China, one of the world's top sugar importers, has picked up the pace of its buying this year, as global prices hit multi-year lows, offering huge discounts over domestic sugar.Copyright Reuters, 2015 ...
China July soy imports from Brazil up 22.1pc BEIJING: China's soy imports from Brazil, the world's top exporter, rose 22.1 percent in July from the year-ago period to 6.37 million tonnes, official customs data showed on Friday.The world's top buyer also shipped 2.28 million tonnes of the oilseed from Argentina, the world's no.3 exporter, in the same month, a rise of 43.9 percent on year, data from the General Administration of Customs showed.The country's total soy imports in July rose 27 percent on ...
Spot gold hits over six-week top as China worries spark safe-haven demand MELBOURNE: Spot gold hit its highest level since early July on Friday after weak factory growth in China fanned worries that the world's second largest economy may be slowing sharply, sparking safe-haven demand for the metal.Activity in China's factory sector shrank at its fastest pace in almost 6-1/2 years in August as domestic and export demand dwindled, a private survey showed.Asian stocks fell more than 3 percent on Friday as fears took hold of a ...
LME aluminium may rise to $1,590 SINGAPORE: LME aluminium may rise to $1,590 per tonne, as it has cleared a resistance at $1,573.The resistance is provided by the 138.2 percent Fibonacci projection level of a downward wave C, which developed from the July 15 high of 1,729.50.The next resistance will be at $1,590, the 123.6 percent level, a break above which will lead to a gain to the 114.6 percent level at $1,600. Support is at $1,560, the 150 percent level, ...
Shanghai copper may rise to 39,290 yuan SINGAPORE: Shanghai copper may break a resistance at 38,970 yuan per tonne and rise further to the next resistance at 39,290 yuan, as its bounce from the Aug. 19 low of 37,960 yuan has extended.Wave pattern suggests the bounce is driven by a wave C, the third wave of a presumed three-wave cycle that developed from the Aug. 7 low of 37,310 yuan. This wave could travel to 39,600 yuan, the 61.8 percent level.A more ...
Palm set for longest weekly losing streak in 16 years JAKARTA: Malaysian palm oil futures marked time on Friday but were still set to post their longest weekly losing streak since 1999, down 1.5 percent for the week and heading for an eighth consecutive weekly loss.Palmoil has fallen about 12 percent in the past eight weeks and is sitting near recent 11-month lows, hurt by worries about higher production, slowing import demand in China and a global commodities rout. The benchmark palm oil contract for ...


Index Closing Chg%
Arrow DJIA 16,643.01 0.07
Arrow Nasdaq 4,828.32 0.32
Arrow S&P 1,988.87 0.06
Arrow FTSE 6,247.94 0.90
Arrow DAX 10,298.53 0.17
Arrow CAC-40 4,675.13 0.36
Arrow Nikkei 19,136.32 3.03
Arrow H.Seng 21,612.39 1.04
Arrow Sensex 26,392.38 0.61

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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 $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln