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South Korea bought 63,000 T corn in direct deal HAMBURG: A South Korean buyer purchased 63,000 tonnes of optional-origin corn in a direct non-tender deal on Tuesday before the release of the US Department of Agriculture reports, European traders said on Friday. The yellow corn was purchased at $187.39 a tonne c&f plus a $1.50 a tonne surcharge for extra port unloading, they said. If sourced from the European Union, the purchase can be reduced to 53,000 tonnes, they said. The corn is for arrival in South Korea around Dec. 10 with shipment from Nov. 6-25 from the US Pacific North West coast, between Oct. 17 to Nov. 5 from the US Gulf or EU or between Oct. 12-31 from South America, they said.Copyright Reuters, 2015 ...

Sugar rises, cocoa steadies, traders focus on El Nino LONDON: Raw sugar futures gave up gains as the Brazilian real currency weakened on Friday, while coffee and cocoa were little changed, with softs dealers focused on the potential impact of the El Nino weather phenomenon on supplies. Raw sugar futures were underpinned by concerns that an El Nino event - in which a warming of the Pacific Ocean leads to a shift in weather patterns - could lead to more rain in Brazilian crop ...
Gold steadies near three-month high after soft US data LONDON: Gold held near three-month highs on Friday, heading for its biggest weekly gain since mid-January, as soft US consumer sentiment data weighed on the dollar and further diminished expectations for a near-term rise in US interest rates. The dollar eased against the euro in the wake of the report, allowing gold to extend a three-day rally that took prices to their highest since mid-February on Thursday at $1,227.04. Spot gold was up 0.2 percent ...
Copper steadies as dip in dollar offsets worries about demand LONDON: Copper prices edged into positive territory on Friday as a slightly weaker dollar balanced worries that a recent rally as overshooting the supply-demand fundamentals. Most industrial metals fell earlier in the European session, but erased their losses as the dollar slipped after downbeat US data. A weaker dollar boosts the purchasing power of commodities buyers holding other currencies. The dollar came under pressure after US consumer sentiment fell more than expected in May and ...
Nickel falls as inventories rise, Shanghai futures slide LONDON: Nickel fell on Thursday on concern about excess supply after a rise in inventories increased, with further pressure coming from a slide in Shanghai futures.Most other metals also declined, but losses were limited by a weaker dollar and the possibility that China could step up stimulus measures to boost economic growthThree-month nickel on the London Metal Exchange closed down 1.9 percent at $13,780 a tonne.LME nickel inventories rose 2,310 tonnes to 443,352, close to ...
Gold hits three-month high as US data eases rate rise fears LONDON: Gold hit a three-month high on Thursday as the dollar came under pressure following a new batch of mixed US data that pushed back expectations of when interest rates in the world's largest economy will rise. Initial claims for state unemployment benefits slipped last week close to a 15-year low reached last month, but other data showed that a strong dollar and lower oil prices suppressed producer inflation in April. Spot gold rose to ...
EU wheat falls as firm euro hits export prospects HAMBURG: European wheat futures in Paris fell on Wednesday, pressured by export-punishing strength in the euro and a fall in Chicago futures.December milling wheat, the new-crop benchmark and most active contract on the Paris Euronext exchange, unofficially closed down 2.25 euros or 1.2 percent at 173.00 euros a tonne, close to a seven-month low of 171.00 euros hit a week ago.The euro rose more than 1 percent against the dollar, which fell against a basket ...


Index Closing Chg%
Arrow DJIA 18,285.74 0.01
Arrow Nasdaq 5,090.79 0.38
Arrow S&P 2,130.82 0.23
Arrow FTSE 7,013.47 0.09
Arrow DAX 11,864.59 0.14
Arrow CAC-40 5,146.70 0.26
Arrow Nikkei 20,202.87 0.03
Arrow H.Seng 27,523.72 0.22
Arrow Sensex 27,809.35 0.10

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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyMay 21, 2015
Reserves $17.75 bln