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Gold seen limping into year-end before 2016 recovery LONDON: Gold is expected to struggle for the rest of this year after sliding to five-year lows on expectations of higher US interest rates, before snapping three years of losses in 2016, a Reuters poll showed on Friday. The survey of 35 analysts and traders, conducted over the last month but prior to this week's sharp selloff, returned an average gold forecast of $1,193 an ounce for 2015, 6 percent below last year's average and under the forecast of $1,209 from a similar poll at the end of the first quarter. Gold, which has averaged $1,199 an ounce so far this year, is expected to bottom out at $1,170 an ounce this quarter, before edging up to $1,189 in the last three months of the year. After a positive start to 2015, gold prices languished around the $1,200 mark for much of the second quarter before sliding to a 5-1/2-year ...

Coffee prices to rise but still set for annual decline LONDON: Arabica coffee prices should rise before the close of 2015 from current depressed values but remain below end-2014 levels, a Reuters poll of 17 traders and analysts showed on Friday.Production was forecast to rise in 2015/16 in top grower Brazil, helping to cap any rebound in prices. A modest decline in prices was expected in 2016. Arabica futures were forecast to finish the year at $1.43 per lb, according to the median forecast in ...
Copper hits two-week low as China demand worries mount LONDON: Copper prices hit a two-week low on Wednesday as worries mounted over demand from top consumer China and equity market losses around the world reinforced negative sentiment. Benchmark copper on the London Metal Exchange closed down 1.7 percent at $5,360 a tonne from $5,455 at Tuesday's close. Earlier in the session the metal widely used in power and construction touched a low of $5,346.50. "Confidence in Chinese growth and demand is still falling," said ...
Copper hits two-week low as China demand worries mount LONDON: Copper prices hit a two-week low on Wednesday as worries mounted over demand from top consumer China and equity market losses around the world reinforced negative sentiment.Benchmark copper on the London Metal Exchange closed down 1.7 percent at $5,360 a tonne from $5,455 at Tuesday's close. Earlier in the session the metal widely used in power and construction touched a low of $5,346.50."Confidence in Chinese growth and demand is still falling," said Eugen Weinberg, ...
Sugar rallies from oversold positions, arabica firms LONDON: Raw sugar futures on ICE rallied on Tuesday from oversold positions after sinking more than 4 percent in the previous session, while arabica coffee and cocoa edged up on a softer dollar. October raw sugar rose 0.22 cent, or 1.9 percent, to 11.66 cents a lb by 1104 GMT. October whites firmed $5.80, or 1.7 percent, to $353.70 a tonne. "The sugar market was overdone on the downside yesterday. We're seeing some spec buying," ...
Iran bought 180,000 T corn, 29,000 T soybeans from South America LONDON/HAMBURG: Importers in Iran have in recent weeks purchased about 180,000 tonnes of Brazilian corn and 29,000 tonnes of Argentine soybeans, traders said on Tuesday. The purchases were for shipment in July and August, they said. "Iran has a large feed grain requirement despite a decent cereals harvest this year," one trader said. "Reduced exports of Indian soymeal to Iran are also keeping soybean imports high." Copyright Reuters, 2015 ...
Copper slips on China demand growth worry LONDON: Copper prices slipped on Tuesday as the market worried about prospects for demand in top consumer China, where growth has slowed, but a weaker dollar helped cap losses. A lower US currency helps boost metal prices by making the sector cheaper for holders of other currencies. Copper ended down at $5,455 a tonne from $5,480 at Monday's close. "From the metals perspective we need to see improving macro (economic) data out of China to ...

 



 
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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%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln