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Wheat at near 1-month low on welcome rainfall for US Plains PARIS/SINGAPORE: Chicago wheat fell below $5 a bushel to its lowest in nearly a month on Tuesday, still under pressure from forecasts of drought-relieving showers in the US grain belt.Corn edged higher, buoyed by planting delays in the US Midwest although analysts said it was too early to get concerned about the slower pace of planting as there was plenty of time to catch up.Wheat dropped 4.6 percent on Monday, its biggest one-day decline in more than two years as parched areas of the US Plains, notably Kansas and Oklahoma, received much-needed rains over the weekend and there were forecasts for more showers."Weather forecasters are predicting further heavy rainfall over the next few days. This will improve the prospects for yields after the condition of US winter wheat plants had further deteriorated last reporting week on account of the dry weather," Commerzbank said in a note.Chicago Board of Trade May ...

Poor demand prospects weaken copper LONDON: Poor demand prospects undermined copper prices on Monday, but losses were limited by a surge in Chinese imports ahead of important economic data from the world's largest consumer of industrial metals.Three-month copper on the London Metal Exchange ended the day at $5,989 a tonne, down 0.8 percent from Friday's close of $6,039.Traders said a stronger dollar was partly responsible for copper's softness."There are grounds for cautious optimism in China's import numbers," said Caroline Bain ...
China copper import surge boosts prices LONDON: A surge in Chinese imports helped boost copper prices on Monday, but demand concerns capped gains ahead of key economic data from China, the world's largest consumer of industrial metals.Three-month copper on the London Metal Exchange was trading up 0.2 percent at $6,048 a tonne by 0924 GMT compared with a session high at $6,080."There are grounds for cautious optimism in China's import numbers," said Caroline Bain at Capital Economics, adding that the country's ...
Wheat falls 2pc as US gets better-than-expected rains PARIS/SINGAPORE: US wheat fell more than 2 percent on Monday to its lowest in almost two weeks, wiping out gains from the previous session, as timely rains across dry U.S. growing belts eased concern over potential yield losses.Soybeans and corn edged lower as advancing South American harvests continued to hang over the markets, while a firm dollar underscored flagging export competitiveness for U.S. crops.Chicago Board of Trade May wheat futures slid 2.3 percent to $5.14-1/4 ...
Gold slips as dollar gains and US rate worries drag LONDON: Gold dropped for a fourth session in five on Monday, drifting almost 1 percent below $1,200 an ounce as the dollar firmed after fresh comment from Federal Reserve officials that the central bank could look at raising U.S. interest rates soon.Fed official Jeffrey Lacker on Friday repeated his call for the U.S. central bank to consider raising rates in June and said there is no shame in adjusting them lower again if economic data ...
Polish Bogdanka says its Q1 coal output fell to 2mn tonnes WARSAW: Polish miner Bogdanka's coal output in the first quarter fell by almost 11 percent year-on-year to nearly 2 million tonnes as the company suffers from its state-run rivals selling coal below production costs, it said on Friday.The company added it maintained its 2015 output target of 9.3-9.5 million tonnes, although its production capacities stand at 10.5-11.5 million annually.Copyright Reuters, 2015 ...
Sugar hits three-week high, arabicas fall LONDON: Raw sugar futures hit a three-week peak on ICE on Wednesday on talk that nearby supplies may be tightening, while arabica coffee fell on technically driven selling and New York cocoa rose on a weaker dollar.ICE raw sugar futures hit a session high of 13.06 cents a lb, the loftiest since March 13 basis front month, on concerns over limited supplies before the start of the cane harvest in centre-south Brazil this month."There is ...

 



 
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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%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln