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EU wheat at 4-month low on US rain, technical selling PARIS: Euronext wheat futures extended losses on Thursday to hit a 4-month low as forecast rain curbed US prices and chart support levels in Europe were breached, encouraging bearish sentiment.The strength of the euro against the dollar, which hampers euro-denominated wheat's competitiveness on world markets, was also weighing on prices.May milling wheat on the Euronext market's main No. 2 wheat contract unofficially closed down 2.00 euros or 1 percent at 183.25 euros a tonne.It earlier fell to 182.75 euros, hitting its lowest since Dec. 11."The market remains under pressure from lower climate risks in the US with more rains to come. This should result in a significant improvement in US crop progress early next week and continue to weigh on prices," a Euronext trader said.The breaking of a support floor at 187.50 euros on Tuesday had increased the selling pressure, exacerbated by the expiry on Wednesday of options on May ...

Gold slides below $1,200/oz as dollar pares losses LONDON: Gold slid below $1,200 an ounce on Thursday as the dollar pared losses after upbeat US factory data and demand for physical metal stayed weak, though uncertainty over the timing of a Federal Reserve rate increase underpinned prices. The dollar index, strength in which tends to weigh on gold, recovered from lows against a basket of currencies after a survey showed factory activity in the US mid-Atlantic region accelerated in April.Spot gold was down ...
Rio Tinto to slash costs further to endure bumpy ride in iron ore LONDON: Rio Tinto, the world's second largest mining company, warned of "continued bumps" in its key iron ore market and vowed to stay focused on slashing costs to be the last man standing at a tough time for the sector. The London-listed company and its rivals BHP Billiton and Vale are trying to cut production costs to the bone to remain competitive after a tumble in the price of iron ore in the last couple ...
London copper prices firm as weak US data drags on dollar MELBOURNE: London copper edged higher on Thursday, but stayed near four-week lows, after weak US factory growth dragged on the dollar, easing pressure on commodity prices.US industrial output posted its biggest drop in more than 2-1/2 years in March, pushing the dollar to its lowest against a basket of currencies in more than a week. A weaker greenback gives commodity buyers holding other currencies more purchasing power.Still, malaise in China's economy, where growth hit its ...
Copper price to struggle even as mine outages slash market surplus LONDON: Faltering demand in leading global copper consumer China will see prices of the metal struggle to gain traction this year, despite disruptions at mines that will slash the expected market surplus by half, a Reuters poll showed.Aluminium prices will also face headwinds as the market braces for more oversupply, having previously been expected to flip into deficit for the first time in nine years, the poll showed.Analysts trimmed forecasts of expected shortages in other ...
Gold down on recovering dollar, stronger equities LONDON: Gold edged lower on Wednesday as European shares advanced and the dollar recouped losses made after weaker than expected U.S. economic data.Spot gold was down 0.2 percent at $1,191.18 an ounce by 1153 GMT, not far off a two-week low of $1,183.68 on Tuesday.U.S. gold for June delivery dropped $1.40 to $1,191.20 an ounce.Bullion fell as much as 1.2 percent in the previous session, before paring losses on a lower dollar after data showed ...
Gold down on rebounding dollar, stronger equities LONDON: Gold edged lower on Wednesday as European shares advanced and the dollar recouped losses made after weaker than expected U.S. economic data.Spot gold was down 0.3 percent at $1,189.51 an ounce by 0944 GMT, not far off a two-week low of $1,183.68 on Tuesday.U.S. gold for June delivery dropped $3.20 to $1,189.40 an ounce.Bullion fell as much as 1.2 percent in the previous session, before paring losses on a lower dollar after data showed ...

 



 
Index Closing Chg%
Arrow DJIA 18,080.14 0.12
Arrow Nasdaq 5,092.09 0.71
Arrow S&P 2,117.69 0.23
Arrow FTSE 7,070.70 0.24
Arrow DAX 11,810.85 0.74
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Arrow Nikkei 20,020.04 0.83
Arrow H.Seng 28,060.98 0.84
Arrow Sensex 27,437.94 1.07





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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%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln