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Periphery yields fall as deflation risk grabs attention away from Greece LONDON: Yields on the euro zone's lowest-rated bonds dropped on Friday with deflation risks taking centre stage again after some reassurances from the new Greek government that it is looking for common ground with EU partners on its bailout.Euro zone consumer prices are expected to have fallen by 0.5 percent year-on-year in January, compared with a 0.2 percent drop in December.The risk of a prolonged period of growth-crippling deflation pushed the European Central Bank to launch an 18-month bond-buying programme worth over a trillion euros earlier this month, boosting demand for high-yielding assets.Low inflation increases real-terms returns for debt investors and as long as the central bank buys bonds investors will be less concerned about the fact that some of the weaker countries need higher inflation to ease their debt burden.The ECB scheme starts in March and can be extended, so the worse the deflation situation gets, the higher the ...

European vegoils: Palm oil falls on slow demand, weak soyoil LONDON: Palm oil prices were lower on Thursday, weighed by slow demand and weakness in the US soybean oil market. Brokers said a further drop in the crude oil market also contributed to the market's decline, potentially curbing demand for the biofuels sector. US crude oil fell below $44 a barrel for the first time since April 2009 on Thursday after data showing additions to already record-high US oil inventories. RBD palm olein traded down ...
Copper down after Fed meeting, inventories rise LONDON: Copper and other metals prices fell on Thursday on worries about excess supply and after US central bank authorities gave more signals of a looming rate hike.Inventories of both copper and nickel in London Metal Exchange (LME) warehouses continued to increase on Tuesday with nickel hitting a record, evidence of the ample supply."Macro forces are largely dominating the market today, and over the near term, market attention will remain fixated on Greece and the ...
Wheat, corn at 3-month lows on hefty global supplies PARIS/SINGAPORE: Chicago wheat fell for a seventh straight session on Thursday to its weakest since October while corn also slipped to a three-month low as tepid demand and favourable crop prospects underscored ample global grain supplies.Losses were limited, by a technical floor at $5 for wheat and a steadying in crude oil after a six-year low, which lent support to corn, which is widely used in ethanol fuel.Soybeans eased for a third day to stay ...
Sugar, arabica fall, cocoa hits one-year low LONDON: Raw sugar on ICE fell on Thursday, pressured by talk that India could soon launch raw sugar export incentives, while New York cocoa futures hit a one-year low, extending their slide due to abundant supplies and falling demand.Arabica coffee futures slid almost 4 percent on forecasts for substantial rain in Brazilian growing areas.March raw sugar was down 0.2 cent or 1.3 percent at 14.96 cents a lb at 1452 GMT, dealing from 14.90 cents ...
Copper, nickel down after Fed meeting, inventories rise LONDON: Copper, nickel and other metals prices fell on Thursday on worries about excess supplies and after US central bank authorities gave more signals of a looming rate hike which could tighten market liquidity.Inventories of both copper and nickel in London Metal Exchange (LME) warehouses continued to increase on Tuesday with nickel hitting a record, evidence of the ample supply."Macro forces are largely dominating the market today, and over the near term, market attention will ...
Gold falls 1pc as Fed's upbeat outlook boosts dollar LONDON: Gold prices dropped for the fourth session in five on Thursday, losing as much as 1 percent as the dollar firmed after the Federal Reserve signalled it was on track to lift interest rates this year.In Wednesday's policy statement, the Fed said the U.S. economy was expanding "at a solid pace". It reiterated, however, that it would be "patient" in deciding when to increase benchmark borrowing costs from zero.Gold had been boosted by increased ...

 



 
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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyNovember
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln