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Coffee, cocoa prices fall as dollar strengthens LONDON: Arabica coffee and cocoa futures on ICE were lower on Friday while raw sugar saw early gains erased as a strong dollar weighed on soft commodity markets.The dollar index rose to an 11-1/2 year high on Friday after US job numbers strengthened the case for the Federal Reserve to hike interest rates. Dealers said recent rainfall in Brazil had also relieved pressure on stressed coffee trees after a drought and added to the downward pressure on prices. International Coffee Organization head of operations Mauricio Galindo said on Friday, however, that prices were likely to rise in coming months due to a global supply deficit. May arabica coffee was off 0.55 cents or 0.4 percent at $1.3450 per lb at 1453 GMT. Robusta coffee futures also fell with May down $9 or 0.5 percent at $1,866 a tonne.Coffee industry officials, speaking on Thursday evening on the sidelines of ICO meetings ...

Copper heads for small weekly loss as strong dollar drags LONDON: Copper headed for a weekly loss on Friday as the dollar rallied ahead of the monthly US jobs report and signs of lacklustre demand in top consumer China.The dollar hit an 11-year high against major currencies on Friday as investors bet the US jobs report would raise chances of interest rate hikes.A strong dollar makes dollar-priced metals costly for non-US investors.In China meanwhile, equities fell as investors digested comments by top officials that highlighted ...
China stimulus hopes fuel gains; copper dips on inventory spike LONDON: Most base metals climbed on Thursday on hopes for more stimulus measures in China after the top consumer cut its annual economic growth target, but copper dipped after inventories surged again, highlighting worries about oversupply.Nearly all of the main contracts on the London Metal Exchange (LME) saw an uplift following news from China's annual parliamentary meeting that the world's second biggest economy plans to step up spending after reducing its growth target to 7 ...
EU wheat drops with Chicago but exports cushion fall PARIS: European wheat prices fell on Thursday following a slump on US markets but held above technical support levels, underpinned by a weak euro and good export demand.Chicago wheat futures dropped to their lowest nearby price in five months on Thursday, under pressure from the stronger dollar and huge global supplies.In Europe, May milling wheat, the benchmark on Euronext's established No. 2 contract, was down 0.75 euro or 0.4 percent at 185.50 euros a tonne ...
EU clears 505,000 tonnes wheat export licences this week PARIS: The European Union this week granted export licences for 505,000 tonnes of soft wheat, taking the total since the beginning of the 2014/15 (July-June) season to 21.3 million tonnes, official data showed on Thursday. The EU also granted this week licences to export 279,000 tonnes of barley, bringing the total this season to 6.4 million tonnes, and 135,000 tonnes of maize, bringing this season's maize export volume to 2.0 million tonnes. In imports, the ...
Rio Tinto to slim workforce as it battles weak metal prices LONDON: Global mining firm Rio Tinto plans to cut costs and jobs across six divisions, sources said this week, as the company battles a slump in world commodity prices. Rio Tinto, the second largest diversified miner, is heavily reliant on the price of iron ore, which has fallen by about 50 percent in the last year alone. London-listed Rio said on Friday its energy chief was leaving and it would fold its coal and uranium ...
Gold rises after ECB inflation forecasts, US data eyed LONDON: Gold rose on Thursday after the European Central Bank (ECB) lifted its 2016 inflation forecast and as the market awaited key US economic data. The ECB held interest rates unchanged at record lows while raising next year's inflation expectation to 1.5 percent from 1.3 percent and predicting 2017 inflation at 1.8 percent. "The ECB is much more optimistic regarding growth and inflation than we are people are looking at currency devaluation and see gold ...

 



 
Index Closing Chg%
Arrow DJIA 18,135.72 0.21
Arrow Nasdaq 4,982.81 0.32
Arrow S&P 2,101.04 0.12
Arrow FTSE 6,961.14 0.6
Arrow DAX 11,504.01 1.00
Arrow CAC-40 4,963.51 0.94
Arrow Nikkei 18,751.84 0.26
Arrow H.Seng 24,193.04 1.11
Arrow Sensex 29,448.95 0.23







ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyDecember
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $16.137 bln