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Palm edges down from one-week high as Q3 output eyed JAKARTA: Malaysian palm oil pulled back from a one-week high on Wednesday, with traders saying they expected an increase in production in the third quarter that could eliminate any shortage of the edible oil resulting from low output in July.By the day's close, benchmark palm oil for October delivery on Bursa Malaysia Derivatives was down 0.6 percent to 2,207 ringgit ($582.25) a tonne.Expectations of low output in July lifted palm oil to 2,223 ringgit on Tuesday, its highest since July 14."Buyers are cautious of buying fresh. The lower output in July will be offset by better production in the third quarter," said a trader with a local commodities brokerage in Kuala Lumpur.Exports of Malaysian palm oil products for July 1-20 fell 15.5 percent to 907,574 tonnes from the same period a month ago, cargo surveyor Intertek Testing Services said in its latest estimate on Monday.Another cargo surveyor, Societe Generale de ...

US corn near 3-week low on forecasts of improved weather SINGAPORE/PARIS: Chicago corn futures lost more ground on Monday, trading at near three-week lows with the outlook for warmer weather across the US Midwest expected to boost crop development.Soybeans slid for a fifth consecutive session to their weakest since July 9 and wheat was down to its lowest in more than three weeks, with additional pressure on commodity markets stemming for a stronger dollar."Perhaps the stronger greenback is finally weighing on corn prices," Tobin Gorey, ...
NY coffee to drop to $1.2620 SINGAPORE: New York September coffee is expected to drop to $1.2620 per lb as it has cleared support at $1.2775.Support was provided by the 23.6 percent Fibonacci retracement on the fall from the June 10 high of $1.41 to the July 7 low of $1.2365.The next support will be at $1.2620, the 14.6 percent level, a break below which will open the way towards $1.2365.The target at $1.2620 will be temporarily aborted should coffee rise ...
NY cocoa to drop to $3,303 SINGAPORE: New York September cocoa may drop to $3,303 per tonne as it has broken support at $3,349. Support was provided by the 200 percent Fibonacci projection level of an upward wave c, the third wave of a three-wave cycle that developed from the March 30 low of $2,679. The next support will be at $3,303, the 186.4 percent level. The bearish divergence on the daily RSI strongly suggests cocoa has been much overbought and ...
Indian oilseeds, sugar rise as dry spell raises output concerns MUMBAI: Indian oilseeds and soyoil futures rose on Thursday following gains in global prices and on concerns over oilseed production due to a dry spell in the growing regions. Farmers in India run the risk of planting too much, too fast in the current monsoon season as an unexpected dry spell starts to wilt crops across the country, raising fears of lower yields and surging food prices in a mostly impoverished nation. The key August ...
TOCOM ends up 3.4pc on firm Shanghai stocks TOKYO: Benchmark Tokyo rubber futures ended up 3.4 percent on Thursday and touched a 10-day high, helped by a recovery in Shanghai stock markets.Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber prices in Southeast Asia, had recently been weighed down by concerns about Chinese economic growth, which had pushed down the benchmark contract to a 2-1/2-month low a week ago.The Tokyo Commodity Exchange rubber contract for December delivery finished 7.1 yen ...
Gold holds near 4-month low as US rate hike looms MANILA: Gold hovered near its lowest level since March on Thursday after Federal Reserve Chair Janet Yellen reiterated that a U.S. interest rate increase is likely this year, buoying the dollar at bullion's expense.Yellen said the U.S. central bank remains on course to raise interest rates this year, with labour markets expected to steadily improve and turmoil abroad unlikely to throw the U.S. economy off track.Yellen's comments were in line with her recent remarks along ...

 



 
Index Closing Chg%
Arrow DJIA 17,550.69 0.27
Arrow Nasdaq 5,105.55 0.19
Arrow S&P 2,093.32 0.22
Arrow FTSE 6,686.57 0.03
Arrow DAX 11,456.07 0.11
Arrow CAC-40 5,112.14 0.16
Arrow Nikkei 20,520.36 0.14
Arrow H.Seng 24,406.12 0.02
Arrow Sensex 28,071.93 0.41





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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune-July
Trade Balance $-22.095 bln
Exports $23.885 bln
Imports $45.980 bln
WeeklyAugust 03, 2015
Reserves $18.536 bln