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Palm down for 3rd day, hits 1 week low amid sliding oil prices KUALA LUMPUR: Malaysian palm oil futures fell for a third day on Tuesday to hover at their weakest in a week, with crude oil prices mired near 5-1/2 year lows, and volatility in emerging Asian markets turning investors wary of risky bets.Brent had dropped to $60.70 a barrel by 0520 GMT while US crude was at $55.64 a barrel, just off a May 2009 low, as Chinese factory activity slowed for the first time in seven months."The palm market is quiet but it has gone down, on the back of crude oil hitting a new low. The stock markets are also down and there's a negative and uncertain mood around," said a trader with a foreign commodities brokerage in Kuala Lumpur.Concerns on the Russian economy after a sudden hike in benchmark interest rates, downbeat China factory data and sliding oil prices hurt Asian shares on Tuesday.By the midday break, the ...

McDonald's Japan rations chips despite emergency airlift TOKYO: McDonald's in Japan said Tuesday it is having to ration french fries, despite having airlifted in more than 1,000 tonnes of potatoes, as eateries grapple with a crippling chip shortage.Industrial disputes on the United States West Coast are crimping exports of french fries, leaving Japanese restaurants scrambling to secure fresh supplies. McDonald's said it has already flown in tons of potatoes and has an emergency shipment underway via an unusual sea route -- but ...
China keeps 2015 coal export tax unchanged at 10pc SHANGHAI: China kept its coal export tax unchanged at 10 percent for 2015, but said it would appropriately reduce tariffs for coal products next year, the Ministry of Finance said in a statement on Tuesday. Many in the sector had hoped China, the world's top producer and consumer of coal, would agree to an industry proposal to cut coal export taxes to 3 percent as part of broader efforts to help local miners. Copyright Reuters, ...
Gold edges up after worst day in a year, Fed eyed SINGAPORE: Gold edged higher on Tuesday after falling more than 2 percent the session before in its deepest slide in over a year following a sustained slump in oil prices. Apart from oil, investors are eyeing the Federal Reserve's two-day policy meeting which kicks off on Tuesday for clues on the timing of an increase in US interest rates. The US economy has strengthened and jobs have been created at a faster-than-expected clip since the ...
Japan crude steel output seen flat in fiscal 2015 TOKYO: Japan's crude steel output in fiscal 2015 is expected to be flat from the previous year, at above 110 million tonnes, the Japan Iron and Steel Federation said on Tuesday. Output will be supported as the impact from April's sales-tax hike eases and helps boost consumer demand for new homes, it said. Copyright Reuters, 2014 ...
China Nov iron ore output down 7.5pc on year BEIJING: China's iron ore output plunged 7.5 percent in November from a year ago to 128.18 million tonnes, data from the statistics bureau showed on Tuesday, largely as a result of mandatory industry closures in northern China during the month. China ordered hundreds of steel mills and mining operations across northern China to suspend operations in early November in order to cut air pollution during the Asia-Pacific Economic Cooperation summit in Beijing. China's biggest steelmaking ...
Vietnam Coffee: Sales slow on expected price drops HANOI: Sales of Vietnamese coffee slowed this week even though the harvest has been peaking, with Vietnamese exporters expecting prices to drop further following recent declines in global markets, traders said on Tuesday. With 60-70 percent of the 2014/2015 crop having been picked in Vietnam, the world's largest robusta producer, the harvest could end late this month, similar to last year, traders said.Beans dropped to 39,500-39,700 dong ($1.85) per kg on Tuesday in Daklak, from ...


Index Closing Chg%
Arrow DJIA 17,804.80 0.15
Arrow Nasdaq 4,765.38 0.36
Arrow S&P 2,070.65 0.46
Arrow FTSE 6,545.27 1.23
Arrow DAX 9,786.96 0.25
Arrow CAC-40 4,241.65 0.18
Arrow Nikkei 17,621.40 2.39
Arrow H.Seng 23,116.63 1.25
Arrow Sensex 27,371.84 0.90

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln