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CBOT corn to rise to $3.83 SINGAPORE: CBOT Dec. corn may rise to a resistance at $3.83 per bushel, as it has found a support at $3.73-3/4.The support and the resistance are identified respectively as the 23.6 percent and the 38.2 percent Fibonacci projection levels of an upward wave C, the third wave of a three-wave cycle that developed from the Oct. 1 low of $3.18-1/4.A break above $3.83 could signal the extension of the wave C towards $3.90-1/2, the 50 percent level, while a break below $3.73-3/4 could cause a further loss to the 14.6 percent level at $3.68.The views expressed are his own.No information in this analysis should be considered as being business, financial or legal advice. Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses. Copyright Reuters, 2014 ...

Japan aluminium stocks hit 5-1/2-year high as demand shrinks TOKYO: Aluminium stocks held at three major Japanese ports rose for a seventh straight month, hitting a 5-1/2-year high at the end of October as demand fell and the world's third-largest economy unexpectedly slipped into recession. The inventory increase also reflects slowing demand elsewhere in Asia as China steps up exports of cheaper aluminium products to neighbour countries, said a Tokyo-based trader who declined to be named. Aluminium stocks held at the ports of Yokohama, ...
Japan offers to buy 123,192 tonnes food wheat via tender TOKYO: Japan's Ministry of Agriculture is seeking to buy a total of 123,192 tonnes of food quality wheat from the United States, Canada and Australia in a regular tender that will close late on Thursday.Japan, the world's sixth-biggest wheat importer, keeps a tight grip on imports of its second most important staple after rice and buys the majority of the grain for milling via tenders typically issued three times a month. Copyright Reuters, 2014 ...
CBOT wheat to rise to $5.60 SINGAPORE: CBOT December wheat is expected to retest a resistance at $5.60 per bushel, as it has found a support at $5.50-1/2.The resistance and the support are identified respectively as the 61.8 percent and the 50 percent Fibonacci projection levels of an upward c, the third wave of a three-wave cycle that developed from the Sept. 25 low of $4.66-1/4. This wave is incomplete, as it may eventually travel to $5.90-1/4, the 100 percent level.A ...
Corn falls for 3rd day on ample supply, soy eases after rally SINGAPORE: Chicago corn slid for a third straight session on Tuesday under pressure from record supplies, while wheat edged higher as cold weather threatened the US winter crop. Soybean prices fell after the market rallied 1.3 percent in the last session on strong demand from domestic processors and importers."The soybean market is taking a bit of a breather here," said Paul Deane, an agricultural economist at ANZ Bank in Melbourne. "It is a reasonable value ...
Gold holds below 2-wk high on robust dollar, US economy SINGAPORE: Gold held below a two-week peak on Tuesday, its safe-haven appeal dulled with the dollar near a four-year high and growing signs of strength in the US economy.The dollar held steady on Tuesday after European Central Bank officials raised the prospects of further stimulus and as investors waited to see if Japan's leader would call a snap election after the country slipped into recession.A stronger greenback makes dollar-denominated gold more expensive for holders of ...
Dalian iron ore futures sink to record level, spot hits lowest since 2009 SINGAPORE: Iron ore futures in China tumbled nearly 4 percent to a record low on Tuesday as benchmark spot prices stretched this year's rout to hit their weakest level since 2009 as a supply glut continued to pressure the commodity.Iron ore has lost 44 percent of its value this year as big, low-cost miners such as Rio Tinto, BHP Billiton and Vale, boosted output that reached record levels in the past quarter amid slowing demand ...

 



 
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Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln