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RUBBER-TOCOM edges lower on falling oil prices, weaker Shanghai TOKYO: Benchmark Tokyo rubber futures edged lower on Wednesday as renewed falls in oil prices and weaker Shanghai rubber futures outweighed declining rubber inventories at Japanese ports, dealers said.The Tokyo Commodity Exchange (TOCOM) rubber contract for August delivery settled 0.5 yen, or 0.2 percent, lower at 211.5 yen ($2) per kg."The market was pressured by slumping oil prices and a drop in Shanghai market in early trade," said Jiong Gu, analyst at Yutaka Shoji Co."But it temporarily rebounded following a slight recovery in Shanghai futures, but finished lower as traders took profits toward the end of the session to square off their positions," he said.Brent crude fell towards $53 a barrel on Wednesday as US crude stocks were forecast to have surged for the tenth straight week to a new record high, fuelling supply concerns of a global oil glut, although a weaker dollar kept a floor under prices.The most-active ...

South Korea's KOCOPIA buys about 54,000 tonnes corn HAMBURG: South Korea's Korea Corn Processing Industry Association (KOCOPIA) purchased about 54,000 tonnes of optional-origin corn in a tender which closed on Wednesday, European traders said.The corn was purchased from Cargill at $196.15 a tonne c&f including a surcharge for unloading at a second port, they said.The tender had sought arrival by July 15.Copyright Reuters, 2015 ...
Gold comes off 4-month low; Fed outcome eyed SINGAPORE: Gold edged up on Wednesday after hitting a more than four-month low in the previous session, while traders remained cautious ahead of the conclusion of a Federal Reserve meeting that may stoke expectations for a mid-year hike in US interest rates. Many expect the Fed officials, who started a two-day policy meeting on Tuesday, to drop the word "patient" from their forward guidance on interest rates, potentially paving the way for a rate hike ...
India's Goa may resume iron mining in 2 months after green nod NEW DELHI: Iron ore mining in India's biggest exporting state, Goa, could begin in two months after the country's environment ministry lifted a ban in place since 2012 as part of a crackdown on illegal mining, a state official and a company source said.Shares of Sesa Sterlite Ltd, the biggest miner in Goa, rose as much as 5 percent on Wednesday after Environment Minister Prakash Javadekar said on Tuesday he had lifted an "abeyance" on ...
China seeks lower cotton production amid sluggish demand BEIJING: China, the world's top cotton consumer, has urged farmers to reduce cotton planting this spring, with sluggish demand for this year's crop threatening to add inventory to already bulging state stocks of the fibre.The government wants to reduce cotton acreage in top growing region Xinjiang by 15 percent, or 311,000 hectares, according to an official document published by the China Cotton Association last week."With low price volatility on international and domestic cotton futures, and ...
TOCOM rebounds on higher Nikkei in thin trade TOKYO: Benchmark Tokyo rubber futures rebounded on Tuesday on the back of a higher Japanese equities market and technical buys, but trade was thin with investors looking to the Federal Reserve's two-day policy meeting for clues on the outlook of the U.S. dollar, dealers said.The Tokyo Commodity Exchange (TOCOM) rubber contract for August delivery finished up 1.8 yen, or 0.9 percent, at 212 yen per kg."Behind the gain was a strong Nikkei," said Toshitaka Tazawa, ...
Palm dives to near 7-week low on increased concerns over demand KUALA LUMPUR: Malaysian palm oil futures dived to their lowest in nearly seven weeks on Tuesday as worries over weak demand and doubts over Indonesia's ambitious biodiesel mandate prompted investors to unwind long positions.The benchmark June contract on the Bursa Malaysia Derivatives Exchange tumbled in late trade to close 2.6 percent down at 2,140 ringgit ($579) a tonne on Tuesday, their weakest level since Jan. 30.Palm prices opened the week on a weak note after ...


Index Closing Chg%
Arrow DJIA 17,678.23 0.23
Arrow Nasdaq 4,863.36 0.27
Arrow S&P 2,056.15 0.24
Arrow FTSE 6,895.33 1.37
Arrow DAX 11,843.66 0.18
Arrow CAC-40 5,006.35 0.29
Arrow Nikkei 19,471.12 1.39
Arrow H.Seng 24,497.08 0.13
Arrow Sensex 27,457.58 2.33

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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln