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TOCOM dips to fresh 7-week low on yen's rise, weak oil TOKYO: Benchmark Tokyo rubber futures fell to a fresh seven-week low on Thursday as the yen's rise and weaker oil prices unnerved investors who were already concerned about prolonged oversupply in Asia, dealers said.Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber prices in Southeast Asia, have largely been weakening since mid-November, heading toward five-year lows hit in early October amid an oversupply.The Tokyo Commodity Exchange rubber contract for May delivery dropped 3.6 yen, or 1.8 percent, to settle at 191.0 yen ($2) per kg. It earlier fell to as low as 188.0 yen, the lowest since Oct. 20."The yen's extended gain and a further loss in oil prices added pressure to an already-bearish market, prompting a fresh round of sells," a Tokyo-based dealer said.The dollar touched a two-week low near 117.45 yen on Thursday after falling about 3 percent in the past three days as the ...

Copper prices edge up on weak dollar, China demand in focus KUALA LUMPUR: Copper prices edged up on Thursday, lifted by a drop in the dollar and prospects for a more favourable demand outlook from top consumer China next year.Three-month copper on the London Metal Exchange (LME) was up 0.2 percent at $6,424.50 a tonne at 0928 GMT, partly reversing a 1 percent drop in the previous session.The dollar index earlier fell to its lowest since Dec. 1 before paring losses. A weak dollar makes commodities ...
Thai raw sugar premiums rise; trade waits for Indian subsidy news MUMBAI: Thai raw sugar premiums rose this week but trade was muted after last week's brisk activity."From the old Thai crop very little quantity is available for trade. The crushing has started in Thailand and new-season crop has been offered for January and February delivery," said a Singapore-based dealer.The widely traded high polarisation, or hipol, raws are now being offered at 50 points above New York futures for spot delivery against a premium of 25 ...
Palm lifted by competing oils, Dec output in focus JAKARTA/KUALA LUMPUR: Malaysian palm oil futures rose on Thursday, tracking gains in competing vegetable oil markets, with expectations of a drop in production in December also helping lift prices.The benchmark February contract on the Bursa Malaysia Derivatives Exchange closed up 0.9 percent at 2,195 ringgit ($629), adding to a 2.1 percent gain in the previous session following upbeat export data for early December.Prices have recovered from a low of 2,119 ringgit hit on Tuesday, the ...
Asia Coffee: Prices soften, Vietnam's harvest at peak HANOI: Coffee prices have softened in Vietnam, the world's largest robusta producer, as supplies are rising from the country's harvest peak and also from a minor crop in Indonesia, traders said on Thursday.Harvesting of a minor crop, or "fly crop", has begun in rival robusta producer Indonesia, while the main harvest will start in March or April, 2015, traders said. Vietnam and Indonesia produce a quarter of global output.ICE March robusta contract ended down 0.6 ...
Iron ore slips to near 2009 low as glut weighs on market SINGAPORE: Iron ore fell to its weakest level in more than five years as a supply glut continued to weigh on the commodity that has nearly halved in value this year. But some buyers in China, which imports two-thirds of the world's iron ore, were of the view that while prices would stay low for longer, they are unlikely to fall much further from current levels. "Some of the mills think that the room for ...
Palm follows competing oils lower, Dec output in focus JAKARTA: Malaysian palm oil futures weakened on Thursday, tracking declines in competing vegetable oil markets and reversing some of the previous day's gains, but expectations of a drop in production curbed losses.By the midday break, the benchmark February contract on the Bursa Malaysia Derivatives Exchange had fallen 1.15 percent to 2,150 ringgit ($617) per tonne.Total traded volume stood at 13,245 lots of 25 tonnes, above the average 12,500 lots."Yesterday was a bit overdone and then ...

 



 
Index Closing Chg%
Arrow DJIA 17,804.80 0.15
Arrow Nasdaq 4,765.38 0.36
Arrow S&P 2,070.65 0.46
Arrow FTSE 6,545.27 1.23
Arrow DAX 9,786.96 0.25
Arrow CAC-40 4,241.65 0.18
Arrow Nikkei 17,621.40 2.39
Arrow H.Seng 23,116.63 1.25
Arrow Sensex 27,371.84 0.90






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyOctober
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln