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Turkey buys 27,500 T durum wheat in tender HAMBURG: Turkey's state grain board TMO has purchased 27,500 tonnes of optional-origin durum wheat in tenders for the same volume which closed on Friday, traders said. The durum was for shipment between Dec. 22, 2014, to Jan. 31, 2015 in five 5,500 tonne consignments, they said. Two consignments were bought at $435.00 a tonne c&f for shipment to the Turkish port of Samsun, two for shipment to the port of Mersin were bought at $438.00 a tonne c&f and one to Iskenderun was bought at $439.00 a tonne c&f, traders said.Copyright Reuters, 2014 ...

Arabicas dip on Brazil rains, sugar steadies LONDON: Arabica coffee on ICE dipped on Friday after rain in top grower Brazil relieved stress on parched trees, while raw sugar futures steadied as the cane crush in the same country drew to a close. Cocoa firmed in light dealings, consolidating after sinking about 3 percent on Thursday, with the December contract in London expiring at 1200 GMT on Friday."The outlook for weather in Brazil is the main driver of the arabica coffee market," ...
ArcelorMittal, Tata Steel to start hedging iron ore LONDON: Top steelmakers ArcelorMittal and Tata Steel are dipping their toes into iron ore derivatives, marking a crucial milestone in developing trade for the world's second-largest commodity after oil. Although the steelmakers continue to say publicly they do not use such products, sources said ArcelorMittal hedged a block of iron ore trades in September while Tata recently decided to use derivatives on a small scale next year. "Arcelor are definitely trading iron ore swaps, they ...
Gold set for biggest weekly rise in 6 months as stocks, dollar slip LONDON: Gold edged lower on Friday as some buyers cashed in recent gains, but remained on track for its biggest weekly rise since June as the dollar retreated and sliding oil prices hurt risk appetite and stocks. Gold is up nearly 3 percent so far this week, following a 2.1 percent jump the previous week. Falling stock markets have prompted some investors to buy the metal as an alternative asset, while a drop in the ...
Copper edges up on China stimulus hopes after weak data LONDON: Copper rose on Friday on hopes that China would unleash more stimulus measures after factory output growth slowed more than expected in the world' top metals consumer. Zinc pared losses on buying interest by investors expecting shortages to develop next year. China's economy showed further signs of fatigue in November, with factory growth slowing more than expected and investment expansion near a 13-year low, putting pressure on policymakers to unveil stronger support measures. "I ...
Sugar eases after Brazil crush beats expectations LONDON: Raw sugar on ICE fell on Thursday, after centre-south Brazil's cane crush for late November exceeded market expectations and pressured by a stronger dollar.Cocoa and arabica coffee futures fell, weighed by the firmer greenback which makes dollar-denominated commodities more expensive in other currencies.Raw sugar futures on ICE lost more than one percent after Brazilian cane industry group Unica said 15.7 million tonnes of cane were crushed in the second half of November. Traders had ...
Gold falls almost 1pc on stronger dollar after US data LONDON: Gold fell nearly one percent on Thursday, retreating further from the previous session's seven-week high as the dollar extended gains after U.S. data pointed to a strengthening economy.The number of Americans filing new claims for unemployment benefits fell last week, while U.S. consumer spending advanced at a brisk clip in November.Spot gold was down 0.7 percent to $1,217.93 an ounce by 1458 GMT. The metal rose to a seven-week high of $1,238.20 on Wednesday, ...


Index Closing Chg%
Arrow DJIA 17,778.15 2.43
Arrow Nasdaq 4,748.40 2.24
Arrow S&P 2,061.23 2.40
Arrow FTSE 6,466.00 2.04
Arrow DAX 9,811.06 2.79
Arrow CAC-40 4,249.49 3.35
Arrow Nikkei 17,210.05 2.32
Arrow H.Seng 22,832.21 1.09
Arrow Sensex 27,126.57 1.56

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln