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Robusta coffee eases, eyes on lofty front-month premium LONDON: Robusta coffee futures eased in light volumes on Friday, with traders focused on a wide front-month premium, while London white sugar edged higher and London cocoa steadied. US softs markets were shut for the Independence Day holiday weekend. Robusta traders focused on the July/September spread, which fell back to about $105 a tonne after peaking earlier in the session at around $135, a level last touched on Monday. The move comes after the premium tumbled to $35 on Wednesday, which was July's first notice day. September robusta traded down $8, or 0.5 percent, at $1,737 a tonne at 1219 GMT. "There has been some conillon (Brazilian robusta) hedging," one senior European trader said.London white sugar futures edged higher, buoyed by a softer dollar. Rabobank said in its latest quarterly report that better than expected sugar production from India and Thailand appeared to have consolidated a global surplus projected for ...

Gold above 3-1/2 month low after US jobs data LONDON: Gold cut some losses on Thursday, rebounding slightly from a 3-1/2 month low after data showed the US labour market to be weaker than expected in June, indicating that the Federal Reserve could hold off from raising interest rates in September. The non-farm payrolls figure rose by 223,000 last month, below the 230,000 that economists polled by Reuters had expected. Spot gold had slid to $1,159.60 an ounce, its lowest since March 18, before ...
Iraq tenders to buy at least 50,000 tonnes of white sugar HAMBURG: Iraq's Ministry of Trade has issued an international tender to purchase at least 50,000 tonnes of white sugar, European traders said on Thursday. Tender deadline is July 12 with offers remaining valid until July 16. The sugar can be sourced from optional origins except Thailand, traders said. Copyright Reuters, 2015 ...
Copper climbs on improved China prospects, weaker dollar LONDON: Copper rose on Thursday, buoyed by signs of healthier growth prospects for top consumer China and a sliding dollar after US monthly jobs data disappointed. Commodity markets are watching Greece, where Prime Minister Alexis Tsipras has urged Greeks to reject a bailout deal at a referendum on Sunday that may decide the country's future in the euro zone. Three-month copper on the London Metal Exchange was trading at $5,797 a tonne at 1301 GMT ...
Corn and soy pause after rally to six-month highs HAMBURG/SINGAPORE: Chicago corn and soybeans were little changed on Wednesday as the market took a breather after posting its biggest daily gain in five years on lower-than-expected US stockpiles and concerns about heavy rains damaging crops.Wheat dropped more than 1 percent. It had hit its highest level since December on Tuesday as grains and soybean markets rose after the US Department of Agriculture (USDA) said US corn and soybean stocks on June 1 were up ...
Sugar steady after expiry, robustas dip on first notice day LONDON: Raw sugar futures steadied on Wednesday as the market digested a moderate delivery after a contract expiry, while robusta coffee dipped with traders tracking a high July/September spread on first notice day. Cocoa edged down in light volumes, and was underpinned by concerns over tight supplies from No. 2 grower Ghana. Raw sugar futures were little changed above a recent 6-1/2-year low as the market took stock of a moderately sized delivery against the ...
Gold around four-week low on dollar, hopes over Greek crisis LONDON: Gold hovered above a near-four-week low on Wednesday, in reaction to a stronger dollar and hopes of progress in the Greek debt crisis after the country said it is willing to accept a deal on offer from its international creditors with some amendments. The Greek situation has failed to spark robust safe-haven bids for gold, with bullion investors still focused on an expected increase in US interest rates after more strong economic data. "It's ...

 



 
Index Closing Chg%
Arrow DJIA 17,683.58 0.26
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Arrow FTSE 6,535.68 0.76
Arrow DAX 10,890.63 1.52
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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%
MonthlyMay
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 06, 2015
Reserves $18.201 bln