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Iron ore heads for worst week since April on shaky Chinese steel SINGAPORE: Spot iron ore prices hovered at their lowest since late May and were set to mark their biggest weekly drop in more than two months amid sluggish Chinese steel demand.To cope with poor demand at home, some Chinese steelmakers are selling their output abroad at a loss, according to traders and a producer, as a group of global industry bodies urged governments to take action over rising shipments from China.A slide in Chinese steel prices this week cut a rally in iron ore that saw the steelmaking commodity bounce back as much as 40 percent from a decade-low in April.Iron ore for immediate delivery to China's Tianjin port was unchanged at $60.90 a tonne on Thursday, according to the Steel Index.It was the weakest for the benchmark since May 22 and puts its weekly loss so far at 6.3 percent, the most since early April."Risks still remain for further ...

Soybeans hit 5-week high on US crop concerns SINGAPORE: Chicago soybean futures jumped to a five-week peak on Wednesday, adding to sharp gains in the previous session, amid worries over US crop conditions and a slower pace of planting.A cut in US crop ratings released this week followed heavy rains in the US Midwest and southern Plains and boosted prices of new-crop soybeans. Corn and wheat also gained.Front-month soybeans on the Chicago Board of Trade were up nearly 1 percent at $9.65-3/4 a ...
Palm slips on uncertainty over Indonesian export levies KUALA LUMPUR: Malaysian palm oil futures fell in tight trade on Wednesday as investors grew uncertain over the implementation of Indonesian palm levies and whether they can effectively fund biodiesel subsidies in the world's top producer.The regulation will require exporters in Indonesia to pay a tax of $50 per tonne of crude palm oil and $30 for processed palm oil product shipments. The proceeds will be used to fund ambitious biodiesel mandates that are slated ...
Gold under pressure as investors await Fed for US rate outlook SINGAPORE: Gold added to overnight losses to hover near $1,180 an ounce on Wednesday as investors waited for a Federal Reserve statement for clues on the timing of a US interest rate hike.Spot gold had eased 0.2 percent to $1,179.01 an ounce by 0655 GMT after dipping 0.4 percent in the previous session. Platinum fell to a six-year low of $1,068.75, while palladium dropped to its lowest since March 31.All eyes will be on the ...
Philippines approves 805,200 tonnes rice imports by private traders MANILA: The Philippines' state grains agency said on Tuesday it has approved guidelines for the import of up to 805,200 tonnes of rice by private traders, with shipments required to arrive not later than Nov. 30.Private rice traders will be allowed to bid for import permits, with tariff for the shipment pegged at 35 percent, at a date to be announced later, the National Food Authority (NFA) said in a memorandum, a copy of which ...
Palm slips as export data, Indonesian levy give little support JAKARTA: Malaysian palm oil futures extended losses for a second day on Monday, tracking declines in competing markets, while data showing an increase in shipments from Malaysia in June and a new Indonesian export levy provided little support."Our palm movement is mostly driven by external influences. When soybean oil eased, we also eased in tandem," said a palm trader with a foreign commodities brokerage in Kuala Lumpur, referring to soybean oil contracts on the US ...
Gold hit by strong US data, but poised for weekly gain SINGAPORE: Gold clung to overnight losses on Friday, hurt by strong US economic data that bolstered prospects of higher interest rates, but the metal looked set to snap a three-week losing streak on earlier gains from a softer dollar.Bullion's failure to garner safe-haven bids despite the worsening of talks over the Greek debt crisis raised some concerns with traders.Spot gold was little changed at $1,182.35 an ounce by 0331 GMT, after losing 0.4 percent in ...


Index Closing Chg%
Arrow DJIA 17,550.69 0.27
Arrow Nasdaq 5,105.55 0.19
Arrow S&P 2,093.32 0.22
Arrow FTSE 6,686.57 0.03
Arrow DAX 11,456.07 0.11
Arrow CAC-40 5,112.14 0.16
Arrow Nikkei 20,520.36 0.14
Arrow H.Seng 24,406.12 0.02
Arrow Sensex 28,071.93 0.41

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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-22.095 bln
Exports $23.885 bln
Imports $45.980 bln
WeeklyAugust 03, 2015
Reserves $18.536 bln