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Sugar, coffee fall as Brazil election expected to hit real LONDON: Sugar and arabica coffee futures on ICE fell on Monday on expectations of a weaker real currency after the re-election of President Dilma Rousseff in Brazil, the world's top producer of the two commodities.Cocoa futures on ICE also eased, under pressure from West African new crop supplies.March ICE raw sugar futures fell more than 2 percent to a three-week low of 15.99 cents a lb in anticipation that the re-election of Rousseff would drag on the real against the dollar.ICE March raw sugar later recovered a little ground to trade at 16.10 cents per lb, down 0.28 cents or 1.7 percent."The impact of the weaker real cannot be underestimated with regards to sugar," said Michael McDougall, a senior director with Newedge."The exporter as well can obtain more reais right now per pound or tonne than he was getting on Friday."A stronger dollar makes dollar-denominated sugar and coffee futures more ...

Gold steadies ahead of Fed meeting as stocks, dollar ease LONDON: Gold steadied on Monday ahead of this week's Federal Reserve meeting, with a retreat in the dollar and a softer tone to stock markets after downbeat German economic data helping the metal stabilise after three days of losses.The precious metal fell 0.5 percent last week as global equities posted their biggest weekly percentage gain since July 2013, while the U.S. dollar also strengthened.Spot gold was at $1,229.70 an ounce at 1456 GMT, little changed ...
Copper up on strike action, weaker dollar LONDON: Copper rose on Monday on news of planned strike action in Indonesia and Peru and as the dollar fell following results of European bank health checks, though gains were limited by an expected surge in supply of the metal next year.Also helping copper were rumours that China's State Reserve Board (SRB) has resumed purchasing copper. China consumes about 45 percent of the world's copper.The dollar fell versus the euro following the results of bank ...
Gold steadies as stock markets, dollar drift lower LONDON: Gold prices steadied on Monday as a retreat in the dollar and a softer tone to stock markets after downbeat German economic data helped the metal snap three straight days of losses.The precious metal fell 0.5 percent last week as global equities posted their biggest weekly percentage gain since July 2013, while the U.S. dollar also strengthened.Spot gold was at $1,230.26 an ounce at 1047 GMT, little changed from $1,230.95 late on Friday, while ...
Brent oil drops below $86 after Goldman cuts forecasts LONDON: Brent crude oil fell below $86 a barrel on Monday after Goldman Sachs slashed its price forecasts, citing abundant supply and lacklustre demand despite a pick-up in global economic growth.The US investment bank said in a research note on Sunday that it had cut its forecast for Brent to $85 a barrel from $100 for the first quarter of 2015 and reduced its projection for US crude to $75 from $90.The bank said Brent ...
LME copper drifts lower as supply pick-up pressures prices SYDNEY: London copper drifted on lower Monday after closing last week little changed, as a strike at Peru's biggest copper mine failed to undercut confidence that improving supply will eclipse a seasonal uptick in demand.China's copper product makers typically ramp up ahead of the Christmas and Lunar New Year gift-giving seasons, but demand has been fragile this year due to flickering growth in the euro zone that is a further drag on already slowing activity ...
EU wheat retreats with Chicago after touching 6-week high PARIS: European wheat prices fell back in late trade on Friday as traders booked profits after U.S markets failed to hold a six-week high touched earlier in the day.By 1520 GMT, benchmark January on Paris-based Euronext milling wheat futures was down 1.70 euros, or 1 percent, at 167.75 euros a tonne after touching a six-week high of 172.25 euros in earlier trade.Chicago front-month December wheat was down 0.5 percent lower to $5.24-1/4 per bushel after ...

 



 
Index Closing Chg%
Arrow DJIA 17,390.52 1.13
Arrow Nasdaq 4,630.74 1.41
Arrow S&P 2,018.05 1.17
Arrow FTSE 6,546.47 1.28
Arrow DAX 9,326.87 2.33
Arrow CAC-40 4,233.09 2.22
Arrow Nikkei 16,413.76 4.83
Arrow H.Seng 23,998.06 1.25
Arrow Sensex 27,865.83 1.90





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJuly-June
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln