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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 year to a record 9.5 million tonnes, the first time when its monthly imports have topped 9 million tonnes.Copyright Reuters, 2015 ...

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 ...
CBOT corn may rise into $3.74-$3.76 range SINGAPORE: CBOT September corn may climb into a range of $3.74-$3.76 per bushel, as suggested by a rising channel and a Fibonacci projection analysis.The uptrend from Aug. 13 has been developing within the channel, the upper channel line of which suggests a target range of $3.76 to $3.78-1/2, formed by the 38.2 percent and the 23.6 percent Fibonacci projection levels of a downward wave C.Based on the speed of the rise, a more realistic target ...
CBOT wheat may retrace to $5.01-1/2 SINGAPORE: CBOT September wheat may retrace to $5.01-1/2, as it failed to break a resistance at $5.05-1/2 per bushel.The resistance is at the 23.6 percent Fibonacci retracement on the rise from the Aug. 12 low of $4.84 to the Aug. 14 high of $5.12-1/4. It has caused a correction towards the 38.2 percent level at $5.01-1/2. The lower channel line of a rising channel suggests a similar target.The wave pattern indicates that wheat is riding ...

 



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