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Gold hits one-month high on flat dollar, slowing China growth LONDON: Gold rose to a one-month high on Tuesday as the dollar edged down slightly and on worries over a slowdown in the global economy after China's growth eased in the third quarter to its weakest since the 2008/09 financial crisis.Data showed China's gross domestic product (GDP) grew 7.3 percent between July and September from a year earlier, down from a 7.5 percent in the second quarter, although slightly above the 7.2 percent forecast by analysts.Spot gold hit its highest since Sept. 10 at $1,253.70 an ounce in earlier trade and was up 0.4 percent at $1,250.90 by 0940 GMT. U.S. gold futures were up $6.70 an ounce at $1,251.30."The retreat of the U.S. dollar from multi-year highs removed the main obstacle for gold," Commerzbank analyst Carsten Fritsch said."Weak economic data in the eurozone and China led to concerns that the U.S. economy will not be immune against a slowdown ...

Arabica coffee extends decline on Brazil rains, sugar down LONDON: Arabica coffee futures on ICE extended losses on Tuesday as rainfall in top grower Brazil was expected to provide some relief to trees stressed by unseasonably dry conditions.Raw sugar futures eased, under pressure from surplus supply, while cocoa was also lower.December arabicas were down 2.9 cents or 1.5 percent to $1.9650 per lb at 0948 GMT, having fallen around 7 percent since last week's close on improving weather conditions."Rain has now been forecast for ...
Russia's natural resources minister wants shale oil regulation eased MOSCOW: Russia needs to lighten regulation to exploit unconventional oil deposits, including shale, its natural resources minister said, as conventional resources dwindle and Western sanctions limit access to foreign technologies and financing.The world's top oil producer, believed to hold most of the world's shale oil, extracts less than a million tonnes a year from unconventional sources, including heavy, tight and shale. It pumps conventional oil near its capacity of about 10.5 million barrels per day, ...
Oil climbs to $86 as China oil demand rises LONDON: Brent crude oil rose to around $86 a barrel on Tuesday on news of robust Chinese oil demand, although gains were capped by oversupply and concerns over the health of the rest of the global economy.Implied oil demand in the world's largest energy consumer jumped 6.2 percent in September from August to 10.3 million barrels per day, the highest since February.China's factory output also beat expectations, rising 8 percent in September from a year ...
Gold climbs above $1,240/oz as European stocks retreat LONDON: Gold snapped two days of losses to rise on Monday as renewed weakness in European stocks boosted interest in the metal as an alternative asset, though a tentative recovery in risk appetite on other markets limited its gains.The metal rebounded sharply after falling to its lowest in over a year earlier this month, as jitters over growth prompted stock markets to sell off aggressively.A bounce in equities after upbeat housing and consumer sentiment data ...
Soy hits 1-week low on favourable US harvest weather LONDON: Chicago soybean futures fell to a one-week low and corn prices also weakened on Monday with drier weather in the U.S. Midwest set to allow harvesting to accelerate.Wheat prices also lost ground weighed by weakening demand from the feed sector.November soybeans on the Chicago Board of Trade were off 1.1 percent at $9.41-1/4 a bushel at 1023 GMT after earlier touching a one-week low of $9.40-1/4."The weather is looking great and it will help ...
Copper slips as Chinese growth, supply weighs SYDNEY/LONDON: Copper stayed relatively weak on Monday, struggling to make headway after sliding to six month lows in the previous session, with uncertainty over China's economic growth and a firmer dollar against its main currency rivals.Asia-based traders also noted that copper's fundamentals looked shaky compared with other base metals as a wave of fresh supply worked its way into the market.Last week's 17.5 percent increase in copper inventories monitored by the Shanghai Futures Exchange was ...

 



 
Index Closing Chg%
Arrow DJIA 16,614.81 1.31
Arrow Nasdaq 4,419.48 2.40
Arrow S&P 1,941.28 1.96
Arrow FTSE 6,372.33 1.68
Arrow DAX 8,886.96 1.94
Arrow CAC-40 4,081.24 2.25
Arrow Nikkei 14,804.28 2.03
Arrow H.Seng 23,088.58 0.08
Arrow Sensex 26,575.65 0.55





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln