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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 Kash Kamal said the market needed now to overcome resistance around the 40-day moving average which currently stands at $2.0157."If we don't see a breakout above the 40-day moving average, as the moving averages close in on each other, we could see prices squeezed between the 10-day and 40-day (moving averages). Support at the 10-day seems very firm," Kamal said.The 10-day moving average is currently at $1.9109.Dealers noted crop difficulties in Brazil and Central America ...

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 ...
Corn and soybeans fall on huge US crops, wheat follows HAMBURG/SINGAPORE: Chicago corn and soybeans fell on Wednesday, with corn down for a fourth straight session as record US crops look set to flood the market.Wheat dropped for a third session, tracking losses in soybeans and corn, although the fall was limited by cold weather threatening US wheat plants."Corn and soybeans are being weakened today as the market is adjusting its focus back to the huge corn and soybean harvests which are being gathered in ...
Soy prices rise on strong demand, corn futures ease LONDON: US soybean prices were higher on Tuesday boosted by strong export demand with the market back on an upward track after last week's setback.Corn prices eased with the harvesting of a huge U.S. crop proceeding at a faster pace than expected, while wheat futures were also lower.Chicago Board of Trade January soybeans rose 0.1 percent to $10.37-3/4 a bushel by 1158 GMT. It had climbed to a peak of $10.86-1/4 last week, the contract's ...
Copper falls on weak China property sector LONDON: Copper prices fell on Tuesday, as disappointing property sector data from China raised concerns about the outlook for demand from the world's top metals consumer.Three-month copper on the London Metal Exchange (LME), untraded in official rings, was bid at $6,615 a tonne, down 1.3 percent. It hit a two-week high in intraday trade on Monday of $6,734 a tonne.China's home prices fell for the second consecutive month in October from a year earlier, official ...
NY sugar, arabicas ease, eyes on Brazil rains LONDON: New York sugar dipped on Tuesday, with attention centred on the final stages of the cane crush in Brazil, while arabica coffee eased, as rains in Brazil will aid development of the 2015/16 crop.ICE cocoa futures steadied, with upside capped by plentiful new crop supplies from top grower Ivory Coast. Cocoa prices were underpinned by a weaker dollar against a basket of currencies.In sugar, traders focused on a delay to the end of the ...


Index Closing Chg%
Arrow DJIA 17,814.94 0.02
Arrow Nasdaq 4,758.25 0.07
Arrow S&P 2,067.03 0.12
Arrow FTSE 6,731.14 0.02
Arrow DAX 9,861.21 0.77
Arrow CAC-40 4,382.31 0.32
Arrow Nikkei 17,407.62 0.29
Arrow H.Seng 23,843.91 0.21
Arrow Sensex 28,338.05 0.57

Banking Review 2013

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