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Palm hovers at 2-1/2 week low; weak soy, technicals weigh KUALA LUMPUR: Malaysian palm oil futures extended their slide into a second day on Tuesday, tracking losses in overseas soyoil markets and an earlier drop in oil prices, with a weak technical outlook piling pressure on the world's most traded vegetable oil.Prices of palm on Monday reopened after the Lunar New Year break to weak US soyoil markets and sluggish export demand, which dragged the contract to its lowest level in 2-1/2 weeks."Technically, palm looks weak. External factors are not good - you've got weak closings for soyoil and crude," said a trader with a foreign commodities brokerage in Malaysia."After the sharp fall yesterday, a lot of people prefer to wait and see how low the market can go," the trader said, adding that immediate support stood at 2,200 ringgit, with resistance at 2,270 ringgit.By the midday break, the benchmark May contract on the Bursa Malaysia Derivatives Exchange had edged ...

Palm ends higher on renewed buying interest, but hovers near 2-1/2-week low KUALA LUMPUR: Malaysian palm oil futures ended higher on Tuesday, pausing a slide from the previous day's session as weak prices attracted buyers, although poor sentiment from external markets capped gains and kept prices near 2-1/2 week lows.Prices of palm on Monday reopened after the Lunar New Year break to weak US soyoil markets and sluggish export demand, which dragged the contract to its lowest level in since February 5.But buying interest trickled in as ...
Palm hovers at 2-1/2 week low; weak soy, technical weigh KUALA LUMPUR: Malaysian palm oil futures extended their slide into a second day on Tuesday, tracking losses in overseas soyoil markets and an earlier drop in oil prices, with a weak technical outlook piling pressure on the world's most traded vegetable oil.Prices of palm on Monday reopened after the Lunar New Year break to weak US soyoil markets and sluggish export demand, which dragged the contract to its lowest level in 2-1/2 weeks."Technically, palm looks ...
TOCOM ends down 1.2pc, follows oil lower TOKYO: Benchmark Tokyo rubber futures ended down 1.2 percent on Tuesday, extending declines, weighed down by losses in global crude prices.Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber prices in Southeast Asia, also came under pressure from profit-taking after the February contract expired on Monday, dealers said.Brent oil prices extended declines on Tuesday, following a 2-percent slide in the previous session, amid oversupply worries.Market participants are closely watching the outcome of ...
India's 2014 tea exports fall 8.1pc MUMBAI: India's tea exports in 2014 fell 8.1 percent from a year earlier to 201.23 million kg due to poor demand from Bangladesh and Iran, the state run Tea Board said in a statement.The country's exports to Bangladesh halved on year to 5.86 million kg, while exports to Iran stood at 18.03 million kg, down 22 percent.In value terms India's exports dropped 13.5 percent from a year earlier to $643.75 million in 2014.India, the world's ...
Gold treads water as Greek talks eyed; set for fourth weekly drop SINGAPORE: Gold was little changed on Friday as investors eyed talks over Greek debt, but the metal was headed for its fourth straight weekly dip as a last-minute deal was expected to break the impasse over the Mediterranean country's bailout programme.Spot gold was steady at $1,206.41 an ounce, after dropping 0.5 percent in the previous session. The metal has lost 1.8 percent for the week so far, also dipping below the key $1,200 level briefly ...
Copper eyes flat week with China buyers out MELBOURNE: London copper edged lower on Friday, after a US labour report boosted the dollar, with prices set to close the week little changed amid the Lunar New Year holiday in top consumer China."We'll probably have to wait until after Chinese New Year to really get a sense of how things are going on the ground in China," said analyst James Glenn of National Australia Bank in Melbourne. "We're looking at slowing demand growth for ...

 



 
Index Closing Chg%
Arrow DJIA 18,203.37 0.47
Arrow Nasdaq 4,979.90 0.56
Arrow S&P 2,107.78 0.45
Arrow FTSE 6,889.13 0.74
Arrow DAX 11,280.36 1.14
Arrow CAC-40 4,869.25 0.98
Arrow Nikkei 18,815.16 0.06
Arrow H.Seng 24,702.78 0.74
Arrow Sensex 29,593.73 0.46







ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyDecember
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln