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Arabica coffee slides on USDA forecast, sugar rises LONDON: Arabica coffee on ICE fell more than 4 percent on Thursday, due to an upward revision by the USDA of Brazilian 2014/15 output, while raw sugar rose, boosted by a rise in the Brazilian real.Cocoa futures on ICE steadied, weighed by ample supplies from West African harvests.In coffee, the USDA revised up 2014/15 Brazilian output to 51.2 million 60-kg bags, a rise of 1.7 million bags compared to the previous estimate due to better than expected yields in some growing areas."The USDA figure was above the upper end of (the) 50 million bags that had been expected," said Andrea Thompson, analyst with CoffeeNetwork, part of INTL FCStone.March arabica coffee on ICE was down 4.85 cents or 2.4 percent at $1.9425 per lb at 1448 GMT, having earlier slid more than 4 percent to an intra-day low of $1.9065.January robusta coffee futures on ICE were down $6 or 0.3 percent ...

Gold climbs back towards $1,200/oz as price drop tempts buyers LONDON: Gold rose on Thursday as the previous day's 1 percent drop lured price-sensitive buyers, and as the dollar retreated from a seven-year high against the Japanese yen.The metal fell on Wednesday after a poll showed weaker support among Swiss voters for a referendum proposal that would force the central bank to boost its gold reserves.Appetite for physical gold sparked a reversal in that move, dealers said, with demand from buyers in Asia lifting gold ...
Copper slips on weak China data, nickel hits 5-week high LONDON: Copper slipped on Thursday as weak manufacturing in China and slower business growth in the euro zone raised concerns about demand, while nickel hit a five-week high due to expectations of an ore shortage.In top metals consumer China, growth in its vast factory sector stalled in November, with output contracting for the first time in six months, adding to signs that the economy may be losing traction.Euro zone business growth has been weaker than ...
Gold climbs back towards $1,200/oz as price drop tempts buyers LONDON: Gold rose on Thursday as the previous day's 1 percent drop lured price-sensitive buyers, though gains were limited by dollar strength after Federal Reserve minutes suggested the United States is still likely to raise interest rates next year.The metal fell sharply on Wednesday after a poll showed weaker support among Swiss voters for a referendum proposal that would force the central bank to boost its gold reserves.Appetite for physical gold sparked a reversal in ...
Arabica coffee prices climbs, tests key resistance band LONDON: Arabica coffee futures on ICE rose sharply on Wednesday to the highest level in nearly one month boosted by a more bullish outlook on price charts and the prospect of tightening supplies.Cocoa was little changed while sugar edged higher.March arabica coffee futures on ICE were 7.45 cents or 3.9 percent higher at $2.0035 per lb by 1524 GMT after peaking at $2.0090, the strongest level for the second month since Oct. 22.Sucden Financial analyst ...
Gold holds near $1,200/oz ahead of Fed minutes LONDON: Gold held near $1,200 an ounce on Wednesday as traders awaited Federal Reserve minutes later in the day and an opinion poll ahead of next week's Swiss gold referendum, with dollar strength holding prices back from near three-week highs.Spot gold was at $1,200.97 an ounce at 1027 GMT, up 0.3 percent, while U.S. gold futures for December delivery were up $3.60 an ounce at $1,200.70.On Tuesday gold peaked at $1,204.70, its highest since Oct. ...
Copper steadies on signs of tight supply near term LONDON/SYDNEY: Copper steadied on Wednesday as investors weighed signs of physical supply tightness against long-standing expectations of market surplus, while hopes for another wave of stimulus in Japan and Europe also underpinned prices.On the London Metal Exchange, cash copper prices traded at a $76.75 a tonne premium against the benchmark three-month price, close to the highest since June and signalling a shortfall in nearby supply. Longer term however, the market is still expected to move ...

 



 
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Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln