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Gold edges up ahead of talks to clinch Greek debt deal LONDON: Gold edged off two-week lows on Friday on caution ahead of crunch talks on Greece this weekend, although concerns over the longer-term outlook for the metal in an environment of rising interest rates capped gains. Greece failed again to clinch a deal with its international creditors on Thursday, setting up a last-ditch effort on Saturday either to avert a default next week or start preparing to protect the euro zone from financial market turmoil. Spot gold was up 0.1 percent at $1,173.90 an ounce at 1142 GMT, while US gold futures for August delivery were up $1.40 an ounce at $1,173.20. Spot gold earlier fell to $1,169.98, its lowest since June 8."Gold for the moment seems to have found a bit of a floor, and that seems to have given confidence to buyers," Societe Generale analyst Robin Bhar said. "We're all watching Greece.If there is an agreement, gold should ...

Copper slips on fall in Chinese equities and Greek jitters LONDON: Copper and other base metals fell on Friday after a rout in Chinese shares and worries about Greek debt talks over the weekend.Shares in China, the world's biggest metals consumer, on Friday posted some of their worst losses in seven years."I certainly think the sharp drop in Chinese equities will have a negative effect, and that is probably the main factor today," said Nic Brown, head of commodities research at Natixis in London.Three-month copper ...
London cocoa climbs towards four-year peak, sugar also up LONDON: Cocoa futures rose on Friday, with London prices climbing back towards the previous session's four-year high, boosted by investor buying against the backdrop of a smaller than expected crop in Ghana and recent heavy rains in Ivory Coast. September London cocoa was up 11 pounds, or 0.5 percent, at 2,165 pounds a tonne by 1230 GMT. The contract peaked at 2,180 pounds on Thursday, the highest level for the second position since March 2011. ...
EU wheat up on US rains and French heatwave warning PARIS: European wheat futures rose on Thursday, buoyed by concerns of weather damage in many parts of the world, from rain-hit US crops, heavy rains in southern Russia and a heatwave in France.December milling wheat, the new-crop benchmark on Euronext, unofficially closed 0.8 percent higher at 187.75 euros a tonne after touching a two-week high of 188.25 euros."The US market is higher and in France it seems like we are heading towards some pretty hot ...
Copper steady after US data; Greek uncertainty weighs LONDON: Copper prices steadied on Thursday as strong U.S. data bolstered the prospects for economic growth, but gains were modest as investors worried about an impending slowdown in summer demand and lack of a Greek debt deal.U.S. consumer spending recorded its largest increase in nearly six years in May, further evidence that economic growth was accelerating in the second quarter.Three-month copper on the LME closed up 0.5 percent at $5,770 a tonne, recovering from a ...
Raw sugar turns lower after short-lived rally LONDON: Raw sugar futures were lower on Thursday, with abundant supplies weighing on a market that headed back down towards last week's 6-1/2 year low after a short-lived rally.July raw sugar futures on ICE were off 0.04 cents, or 0.35 percent, at 11.47 cents a lb at 14164 GMT. Prices slumped to a 6-1/2 year low of 11.10 cents late last week."We don't anticipate a meaningful recovery in the sugar price until there is a ...
Gold steadies after four-day drop, awaits news on Greece LONDON: Gold steadied on Thursday after four days of losses, as tensions over Greece's negotiations with its creditors were offset by caution over gold's longer-term outlook. Expectations that the Federal Reserve is set to carry out the first US interest rate increase in nearly a decade, boosting the opportunity cost of holding non-yielding bullion, has weighed on gold this year, keeping it in a narrow range.Spot gold was at $1,174.60 an ounce at 1127 GMT, ...

 



 
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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 01, 2015
Reserves $18.5 bln