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Sugar rallies, focus on expiry, cocoa hits 3-1/2-year high LONDON: Raw sugar futures rallied on Tuesday before a contract expiry at month-end, while ICE cocoa hit a fresh 3-1/2-year high driven by fears that Ebola could spread to top grower Ivory Coast.Arabica coffee on ICE Futures U.S. firmed in technically driven dealings, while Liffe robusta coffee edged further away from Friday's three-month low.Raw sugar futures on ICE extended Monday's rally in spread-linked dealings before the October raw sugar futures expiry on Sept. 30.ICE October raw sugar jumped 3.8 percent or 0.54 cent to 14.62 cents a lb at 1117 GMT, with the front-month spread narrowing, an indicator that a big delivery could be on the cards.March traded up 0.22 cent, or 1.4 percent, at 15.86 cents per lb. The October/March spread narrowed to a 1.24 cent discount from 1.67 cents on Monday.The front-month contract has jumped sharply from Wednesday's 13.32 cents a lb, the lowest level in more than ...

Gold rises 1.5 percent on softer dollar, equities LONDON: Gold rose 1.5 percent on Tuesday as the dollar eased after comments from a New York Federal Reserve's official that any increase in interest rates should be done cautiously, while U.S. air strikes added to global tension and hence safe-asset demand.New York Fed bank president William Dudley played down the importance of the various interest rate projections of Fed members released last week, which some in the market had taken as a signal of ...
Gold rises on softer dollar, Syria air strikes LONDON: Gold rose on Tuesday as the dollar eased after comments from a New York Federal Reserve's official that any increase in interest rates should be done cautiously, while US air strikes added to global tension and hence safe haven asset demand.New York Fed bank president William Dudley played down the importance of the various interest rate projections of Fed members released last week, which some in the market had taken as a signal of ...
EU wheat tumbles on ample supplies, spillover from corn PARIS: European wheat futures plummeted below 150 euros a tonne on Monday, pressured by a fall on US markets and spillover from hefty global corn crops, traders said.By 1532 GMT the November contract on Paris-based Euronext wheat futures was 5.00 euros or 3.3 percent lower at a four-year low of 148.50 euros a tonne. The contract has lost more than 10 euros in two sessions."In the doldrums, the grain market is focusing on bearish factors ...
Copper falls to 3-month low on worries about China growth LONDON: Copper dropped to a three-month low on Monday, weighed by demand concerns ahead of manufacturing data from top consumer China that is likely to show stalling factory growth in the world's second-largest economy. Three-month copper on the London Metal Exchange (LME) dropped 1.4 percent to $6,738.75 a tonne at 1017 GMT, having earlier fallen to its lowest level since mid June at $6,722.50 a tonne. Copper is trading more than 8 percent lower so ...
Cocoa hits 3-1/2-year peak on Ebola fears, sugar near low LONDON: ICE cocoa firmed to a 3-1/2-year high on Monday driven by fears that Ebola could spread to top grower Ivory Coast and potentially disrupt supplies. Raw sugar futures were little changed, trading just above last week's more-than 4-year low, pressured by a rapid cane harvest in top grower Brazil and hefty global stocks. Arabica coffee on ICE Futures US dipped, reacting to forecasts for much-needed rain in Brazil, while Liffe robusta eased and traded ...
Gold, silver tumble as Fed outlook fuels selling LONDON: Gold slid to its weakest since early January and silver to a four-year low on Monday as speculation that the Federal Reserve will start its rate-tightening cycle sooner than expected fuelled selling of precious metals.Losses were limited as the dollar took a breather after hitting four-year highs against a currency basket on Friday, and European stocks fell. However, more weakness is on the cards as gold presses down towards its June 2013 low at ...

 



 
Index Closing Chg%
Arrow DJIA 17,042.90 0.17
Arrow Nasdaq 4,493.39 0.28
Arrow S&P 1,972.29 0.28
Arrow FTSE 6,622.72 0.36
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Arrow Nikkei 16,173.52 0.84
Arrow H.Seng 22,932.98 1.28
Arrow Sensex 26,630.51 0.13





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklySeptember 25, 2014
Reserves $13.305 bln