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Soybeans fall to new 6-year lows as China sell-off deepens PARIS/SYDNEY: US soybeans fell to fresh six-year lows on Monday, caught up in a latest slide in commodity markets fanned by fears about the faltering economy in China, which is by far the largest importer of the oilseed. Soybeans were also under pressure from favourable crop weather in the United States, which was easing concern about damage from torrential rain at the start of the growing season. Corn and wheat also fell as spillover from the wider commodities sell-off added to fundamental pressure from ample global supply. "Agriculturals have been unable to entirely resist the downward spiral in China," Commerzbank analysts said in a note. "Fears that Chinese demand for soybeans could abate is weighing on prices." Crude oil tumbled to its weakest levels in 6-1/2 years while industrial metals prices also hit multi-year lows as a 9 percent drop in Chinese equities intensified fears of a sharp downturn in ...

Copper tumbles to six-year low, China worries dominate LONDON: Copper prices tumbled to six-year lows on Monday alongside Shanghai equities on growing nervousness about economic activity and demand prospects in top industrial metals consumer China. Benchmark copper on the London Metal Exchange fell more than 3 percent to $4,882 a tonne in early trade. The metal used in power and construction traded at $4,885 a tonne in official rings, from $5,055 at Friday's close. "The market fears a severe deterioration in Chinese demand. ...
Copper sinks to six-year low as worries about China growth persist LONDON: Copper slid to a six-year low below $5,000 a tonne on Wednesday as a plunge in oil prices added to persistent concerns about slowing growth in China, where authorities intervened for a second day to calm volatile stock markets.Three-month copper on the London Metal Exchange ended down 1 percent at $4,985 a tonne, having earlier hit its lowest since mid-2009 at $4,976. It fell 1.5 percent on Tuesday, breaking below $5,000 for the first ...
LME aluminium looks set for rollercoaster ride LONDON: A large long position in aluminium for settlement in October on the London Metal Exchange could mean a period of tightness and price volatility for contracts across the maturity curve. A taste of things to come can already be seen, with the premium for the October contract over metal for January delivery jumping to $4.50 from $1 per tonne on Monday. It is currently around $3.50 a tonne. Elsewhere, the discount for the cash ...
Copper steady near 6-year lows as China demand woes persist LONDON: Copper held steady on Wednesday as the dollar fell and Chinese stock markets staged a late recovery, though persistent concerns over Chinese demand kept prices near six-year lows. Chinese stocks reversed sharp declines to end higher on Wednesday after the central bank injected more funds into the financial system in a bid to calm panicky markets. The recovery cut demand for the safe-haven dollar, easing pressure on dollar-priced metals. However, persistent worries over Chinese ...
Raw sugar firms, robusta front month slips to discount LONDON: Benchmark raw sugar futures were lifted by a softer dollar on Wednesday, with the upside limited by hefty supplies, while arabica coffee firmed and the spot robusta contract fell to a discount to the second month. New York cocoa edged higher on technically driven buying supported by the weaker dollar. October raw sugar edged up by 0.04 cents, or 0.4 percent, to 10.77 cents a lb at 1123 GMT, moving further away from a ...
Gold rises ahead of Fed minutes, US inflation data LONDON: Gold rose on Wednesday as cautious investors shied away from the dollar ahead of US inflation data and minutes of the Federal Reserve's last policy meeting that could give fresh clues on whether interest rates will rise next month. Expectations that the Fed is on track to increase rates for the first time in nearly a decade have helped push gold to 5-1/2-year lows this year. Rising rates lift the opportunity cost of holding ...

 



 
Index Closing Chg%
Arrow DJIA 16,102.38 1.66
Arrow Nasdaq 4,683.92 1.05
Arrow S&P 1,921.22 1.53
Arrow FTSE 6,042.92 2.44
Arrow DAX 10,038.04 2.71
Arrow CAC-40 4,523.08 2.81
Arrow Nikkei 17,792.16 2.15
Arrow H.Seng 20,840.61 0.45
Arrow Sensex 25,201.90 2.18





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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln