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Gold retreats as global equities hit all-time highs LONDON: Gold dipped on Friday and looked set for a third successive weekly loss as strength in global equities, which offset a falling dollar, and uncertainty over the timing of a US rate rise pegged prices in a narrow range. World stocks hit all-time highs on Friday as positive corporate updates in Europe and a post-dotcom-boom peak for the US Nasdaq stoked investor optimism. Spot gold was down 0.3 percent at $1,190.55 an ounce at 0940 GMT, while US gold futures for June delivery were down $4.30 an ounce at $1,190.00. Spot prices are down nearly 1 percent this week, their biggest weekly loss in seven weeks. "The news this week in general has been gold-friendly - weaker dollar, weaker US data and Middle East tensions," Saxo Bank analyst Ole Hansen said. "But it has failed to ignite, leaving the metal rangebound for now.""The stock market remains well behaved, and ...

EU wheat price climbs on strong exports, weather concerns LONDON: European wheat prices edged higher on Thursday, supported by healthy EU export volumes, a bounce in Chicago and caution about crops entering the crucial spring growth period.May milling wheat, the benchmark on Euronext's main No. 2 wheat contract, closed 1.50 euros or up 0.8 percent at 185.00 euros a tonne.The EU reported 679,000 tonnes of weekly export licences for soft wheat, keeping the bloc on course to beat last season's record."We have a very ...
Gold drops to session lows on dollar, euro zone data LONDON: Gold fell more than one percent on Wednesday, on selling pressure as the dollar pared earlier losses after euro zone data disappointed, while the absence of major developments in the Greek crisis left investors cautious. Spot gold dropped as much as 1.2 percent to a session low of $1,187.90 an ounce earlier and was down 1.1 percent at $1,188.90 by 1433 GMT.Traders said there was heavy selling during the setting of the 1400 GMT ...
Arabica coffee climbs to two-week high, sugar also advances LONDON: Arabica coffee futures climbed to a two-week high on Wednesday as technically driven buying and slow producer selling boosted the market.The July arabica contract was up 3.05 cents or 2.1 percent at $1.4575 per lb by 1435 GMT, having hit a two-week high of $1.4725. Dealers linked the slowdown in producer selling to a holiday in Brazil earlier this week and the recent stronger performance of the country's real currency against the dollar.The weakness ...
Corn down for 2nd day as drier weather boosts planting PARIS/SINGAPORE: Chicago corn futures fell for a second session on Tuesday after a government report showed US farmers made progress in planting as weather turned drier in the US Midwest. Wheat edged lower on favourable conditions in the United States, plus an improved harvest outlook in Russia. Soybeans eased after a five-session rally linked to positive demand sentiment. A firm dollar curbed US grain and oilseed prices as it underscored stiff export competition from ample ...
Gold steadies below $1,200/oz as dollar, stocks rise LONDON: Gold steadied below $1,200 an ounce on Tuesday after its biggest one-day loss in a week, under pressure from a rising dollar and a rally in global equities, which diverted some interest from the metal. European stocks rose 0.6 percent and Wall Street opened higher as upbeat corporate earnings lifted global equities, offsetting a mixed German business confidence survey and rising worries about a possible Greek default. Spot gold was $1,195.20 an ounce at ...
Aluminium premiums in Europe slide by half since peak LONDON: Surcharges for physical aluminium in Europe have spiralled down by nearly half, good news for industrial consumers such as beer can makers which had bitterly complained about warehouse backlogs of up to two years for delivery of the metal. The unraveling of financing deals at warehouses, together with heavy Chinese exports, has unleashed a glut of aluminium, while demand remains poor. Premiums paid over the LME cash price were mostly quoted in a range ...


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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln