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South Korea's MFG buys up to 120,000 T of corn HAMBURG: South Korea's Major Feedmill Group (MFG) purchased up to 120,000 tonnes of corn in two private non-tender deals late on Thursday, European traders said. The corn can be sourced optionally from the United States, Europe, Brazil or Argentina, they said.The corn was all purchased at $213.99 a tonne c&f plus a $1.50 a tonne surcharge for additional port unloading, they said. It was purchased in two consignments, one for arrival around Apr. 17, with shipment in February to April depending on origin, they said. The second consignment was purchased for arrival around Apr. 25, with shipment also in February to April depending on origin, they said. Corn futures hit their highest prices since July 7 on Thursday on concern about Russian grain export restrictions and improving US export prospects following China's approval of some genetically modified corn. This has encouraged some importers to take extra supply cover in case ...

Copper up as recovery in oil, equities prompts bargain hunting LONDON: Copper rose more around 1 percent on Friday, leading other base metals higher as recent sharp falls prompted some bargain hunting among investors, who were also encouraged by gains in oil and equities.Global equities are ending their last full week of 2014 on a high after Wall Street boasted its biggest two-day advance since late 2011 amid relief that the Federal Reserve appears in no rush to withdraw stimulus from the US economy. The ...
Gold below $1,200/oz on dollar, shares; heads for weekly loss LONDON: Gold edged lower on Friday, struggling to rise above the $1,200 an ounce mark as the dollar firmed and investor appetite for risk increased on expectations of rising US interest rates. Spot gold was unchanged at $1,197.30 an ounce by 1040 GMT. The metal was heading for a 2.2 percent weekly fall after two weeks of gains. US gold futures for delivery in February gained 0.1 percent to $1,196.00 an ounce. The Fed, after ...
Wheat drops after 6-day rally on Russia risks PARIS/SINGAPORE: US wheat futures fell more than 3 percent on Friday, halting a six-day rally that was triggered by signs that major exporter Russia is curbing shipments to tackle surging domestic prices. Chicago Board of Trade March wheat climbed nearly 13 percent in the past six sessions, peaking at an almost seven-month high of $6.77 a bushel on Thursday as investors fretted over the risk of Russian cutting off a key supply source for the ...
Sugar steadies, eyes on oil, Brazilian currency LONDON: Sugar on ICE steadied on Friday, finding strength from the oil market and a soft Brazilian currency, while arabica coffee consolidated after falling to a 4-1/2-month low this week. Cocoa futures firmed, rising for a sixth straight session on short-covering. March raw sugar was down 0.04 cents or 0.3 percent at 14.95 cents a lb at 1257 GMT, having touched 14.62 cents on Wednesday, the lowest since Sept. 24. Sugar futures have been hit ...
Copper up as oil and equities recovery prompts bargain hunting LONDON: Copper rose more than 1 percent on Friday, leading other base metals higher as recent sharp falls prompted some bargain hunting among investors encouraged by gains in oil and equities. Global equities are ending their last full week of 2014 on a high after Wall Street boasted its biggest two-day advance since late 2011 amid relief the Federal Reserve appears in no rush to withdraw stimulus from the US economy. The move revived risk ...
Gold rallies as Fed takes patient stance on rate hike LONDON: Gold climbed back above $1,200 an ounce on Thursday after the Federal Reserve said it would take a patient approach toward raising interest rates, lifting stock markets and commodities while dampening the dollar.Fed Chair Janet Yellen said the Fed was unlikely to hike rates for "at least a couple of meetings", meaning April of next year at the earliest.Rising U.S. interest rates increase the opportunity cost of holding non-interest bearing assets such as gold, ...

 



 
Index Closing Chg%
Arrow DJIA 17,804.80 0.15
Arrow Nasdaq 4,765.38 0.36
Arrow S&P 2,070.65 0.46
Arrow FTSE 6,545.27 1.23
Arrow DAX 9,786.96 0.25
Arrow CAC-40 4,241.65 0.18
Arrow Nikkei 17,621.40 2.39
Arrow H.Seng 23,116.63 1.25
Arrow Sensex 27,371.84 0.90






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyOctober
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln