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Corn drops on USDA's bumper crop forecast; wheat, soy gain SYDNEY: Chicago corn dropped on Monday, stretching its losses into a second straight session after a report from the US Department of Agriculture (USDA) showed the country's output of the grain was set to exceed the already-forecast record high levels.Wheat edged up as the USDA pegged supplies below market expectations, while soybeans firmed after a sharp 2 percent drop in the previous session.Chicago Board of Trade front-month corn futures fell 0.3 percent to $3.33 a bushel by 0143 GMT, having slumped 1 percent earlier in the session. Corn fell more than 3 percent on Friday, the biggest one-day fall since Sept. 3."That corn crop continues to get bigger and bigger," said Graydon Chong, senior grains analyst, Rabobank. "There is also expectations that the crop could get bigger, and we expect to see yields get bigger as we get into the harvest."USDA pegged the 2014/15 corn crop at 14.475 billion bushels, ...

LME copper buoyed by brighter China trade data SYDNEY: London copper climbed on Monday after Chinese data painted a slightly brighter picture of the world's second largest econmy, adding to supportive comments by China's leaders about the country's economic growth prospects. China's export and import performance in September easily beat forecasts, with imports showing unexpected buoyancy, helping to ease concerns about deteriorating domestic demand. The turnaround in trade performance in the third quarter was a result of government measures and stronger foreign demand, ...
London copper steady after China data, ahead of holidays SYDNEY: London copper was flat but not far off three-month lows on Tuesday after a private sector reading of China's factory health fell slightly from initial estimates, with the metal facing its steepest monthly loss since March on a looming jump in supply. Activity in China's vast factory sector showed signs of steadying in September as export orders climbed, the survey showed, easing fears of a hard landing but still pointing to a sluggish economy. ...
Copper slips to lowest in 3 months as dollar weighs SYDNEY: London copper slipped to its lowest in more than three months on Monday, pressured by a stronger dollar and questions over economic growth in top metals user China.The U.S. economy grew at its fastest pace in 2-1/2 years in the second quarter with all sectors contributing to the jump in output in a bullish signal for the remainder of the year.But the improving data pushed up the dollar, pressuring commodities denominated in the greenback ...
London copper mired near three-month lows with supply set to grow MELBOURNE: London copper was stuck near three-month lows on Wednesday as more evidence of brighter economic prospects in the United States failed to overcome jitters over Chinese growth and swelling supply of the metal. Manufacturing in China, the world's top user of most metals, unexpectedly picked up some momentum in September, even though factory employment slumped to a 5-1/2-year low, according to a purchasing managers' survey.The improvement was partly seasonal but was likely to stretch ...
Iron ore seen at $80 long term as China steel output growth slows MELBOURNE: Iron ore is likely to hover around $80 a tonne in the long term amid limited growth in China's steel output, an industry association official said on Monday, discounting any sharp recovery in prices as a supply glut weighs on the market.China would produce about 800 million tonnes of crude steel a year for the next decade, said Li Xinchuang, deputy secretary general of the China Iron and Steel Association, capping the country's demand ...
LME aluminium poised to break support at $1,980 SINGAPORE: LME aluminium is poised to break a support at $1,980 per tonne and fall further to $1,937, as indicated by a Fibonacci retracement analysis. The support is provided by the 38.2 percent Fibonacci retracement on the rise from the May 21 low of $1,754.75 to the Sept. 2 high of $2,119. The brief rebound triggered by this support has been completely reversed, indicating a resumption of the downtrend that developed from $2,119. Strategically, the ...


Index Closing Chg%
Arrow DJIA 17,814.94 0.02
Arrow Nasdaq 4,758.25 0.07
Arrow S&P 2,067.03 0.12
Arrow FTSE 6,731.14 0.02
Arrow DAX 9,861.21 0.77
Arrow CAC-40 4,382.31 0.32
Arrow Nikkei 17,407.62 0.29
Arrow H.Seng 23,843.91 0.21
Arrow Sensex 28,338.05 0.57

Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln