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Copper up after Chinese stocks recover; nervous ahead of Fed LONDON: Copper rose on Wednesday after the Chinese stock market rebounded, though investors were nervous ahead of a statement from the Federal Reserve, which could set the stage for a US interest rate hike in September and a potentially firmer dollar. Copper's rise was also fuelled by hopes of more stimulus in China, the world's top consumer of industrial metals.Benchmark copper on the London Metal Exchange closed up 0.6 percent at $5,330 a tonne after a volatile session that saw it touching an intraday high of $5,398 and also slump into negative territory. The metal used in power and construction, down about 15 percent so far this year, hit a six-year low of $5,164 on Monday when Chinese equities tumbled 8 percent. Chinese shares bounced back by more than 3 percent on Wednesday, but the positive impact on metals faded later in the session as investors turned attention to a ...

London copper jumps as shorts rush for cover MELBOURNE: London copper jumped on Wednesday as short sellers rushed to cover their positions amid speculation about further stimulus from China, and ahead of a policy decision from the US Federal Reserve.Asian shares clung to modest gains on Wednesday on pledges Beijing would buy more shares if needed, while caution ruled elsewhere before the Fed ends a two-day policy meeting later on Wednesday with markets divided on whether it will take a hawkish or dovish ...
Arabica coffee near 1-1/2-year low, sugar inches up LONDON: Arabica coffee futures edged up on fund buying on Tuesday after trading near a 1-1/2-year low, while robustas recovered from a two-month low and sugar firmed with gains capped by forecasts of dry weather in Brazil. Cocoa was little changed in thin volumes. September arabica was up 0.9 cents, or 0.8 percent, at $1.2130 per lb at 1309 GMT, recovering ground after slipping to just above Monday's 1-1/2-year low of $1.1985."Arabicas are driven by ...
Copper rises, but market fearful over Chinese stock rout LONDON: Copper prices rose on Tuesday, but the market remained nervous over the latest convulsions in Chinese equities and the possible ramifications for demand from the world's top metals consumer. Chinese shares fell as Beijing scrambled once again to prop up a market whose wild gyrations have heightened fears about the financial stability of the world's second-biggest economy. "There is tremendous downside pressure coming from the Chinese stock market. Fear is the ascendant emotion at ...
EU wheat market takes breather after falling to one-month low PARIS: European wheat prices edged higher on Tuesday after hitting a one-month low the previous day and supported by a rise on US markets, traders said.December milling wheat, the new-crop benchmark on Euronext, was 1.00 euro or 0.5 percent higher by 1543 GMT to 185.50 euros a tonne.That was not enough to compensate for the drop recorded on Monday when prices fell more than 4 euros a tonne."The market is taking a break. There is ...
Gold edges higher as investors await Fed meeting LONDON: Gold firmed on Tuesday but remained near 5-1/2-year lows as markets braced for this week's Federal Reserve meeting, at which policymakers are expected to give further clues on the timing of a US rate increase. The Fed suggested earlier this year that a near-term rate rise was on the cards if economic data supported such a move, but slowing growth in China and a drop in commodity prices have led some to question whether ...
US corn at 1-month low, wheat, soy up after sharp losses PARIS/SINGAPORE: Chicago corn futures slid for a third consecutive session on Tuesday to a one-month low with pressure from ideal weather across the US Midwest that is boosting crop development.Wheat rose following a drop to one-month lows on Monday while soybeans firmed after shedding nearly 6 percent over thelast three sessions."The weather conditions in the key corn-growing areas of the US Midwest have improved considerably of late, following the excessive rainfall earlier in the summer," ...

 



 
Index Closing Chg%
Arrow DJIA 17,751.39 0.69
Arrow Nasdaq 5,111.73 0.44
Arrow S&P 2,108.57 0.73
Arrow FTSE 6,631.00 1.16
Arrow DAX 11,211.85 0.34
Arrow CAC-40 5,017.44 0.81
Arrow Nikkei 20,302.91 0.13
Arrow H.Seng 24,619.45 0.47
Arrow Sensex 27,563.43 0.38





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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln