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EU wheat at three-week low in light technical selling PARIS: European wheat prices fell for a third consecutive session on Tuesday, hitting a three-week low mainly on technical factors and in low volumes reflecting thin activity on the cash market with many farmers busy harvesting.December milling wheat, the new-crop benchmark on Euronext, unofficially closed 0.65 percent lower at 191.00 euros a tonne after breaking support at 192-192.25 euros. The next major support was pegged at 188/188.75 euros.French wheat was uncompetitive compared with Black Sea wheat in Egypt's tender, with the best offer a little more than $17/tonne FOB more expensive than the Russian one."French wheat rarely makes it at the start of the (import) campaign. The recent drop in prices and in the euro don't change this," a trader said.The market was also awaiting the harvest to resume in northern France after being halted by rainfall. Yields and quality remain under scrutiny after the hot weather earlier this month ...

European vegoils-Palm oil firmer on July output concerns ROTTERDAM: Palm oil on the European vegetable oils market firmed on Tuesday in sympathy with gains in Malaysian palm oil futures on concerns over falling production in July. "Holidays at the end of Ramadan could hamper production, which could eventually lead to a lower stocks number for July if exports exceed that number. Otherwise the market had little to follow, apart from technical buying in both Malaysia and Chicago," one broker said. Palm oil was ...
Copper near 2-week low as strong dollar, rising stocks weigh LONDON: Copper hit its lowest in nearly two weeks on Monday, weighed down by a strong dollar, multi-year lows in gold and growing inventories, although upbeat data in China and steadier stock markets there limited losses.The dollar jumped to three-month highs as expectations of a U.S. rate rise gathered pace and gold plunged to a more than five-year low, hurt by dollar strength and as sellers in China offloaded the metal.A strong dollar makes dollar-priced ...
Gold hits five-year low under $1,100 on Chinese selling LONDON: Gold prices plunged as much as 4 percent to their lowest in more than five years on Monday as sellers in top consumer China offloaded the metal.Investors have been finding less and less reason to hold gold as an insurance against risk, with the dollar strengthening ahead of what is expected to be the first increase in U.S. interest rates for nearly a decade.Spot gold fell $45.55 to its weakest since March 2010 at ...
Raw sugar hits three-week low, coffee and cocoa steady LONDON: Raw sugar futures fell to a three-week low on technically driven selling on Monday, while robusta coffee held close to the seven-week low hit on Friday under pressure from plentiful supplies.Cocoa was steady, underpinned by crop concerns over the El Nino weather phenomenon.October raw sugar dropped 0.18 cents, or 1.5 percent, to 11.78 cents a lb by 1041 GMT, having touched a three-week low of 11.75 cents a lb. October whites eased $2.80, or ...
Copper slides, China demand uncertainty dominates LONDON: Copper prices slipped on Friday, pressured by uncertainty over demand from top consumer China and a firmer dollar, but a Chinese stock market recovery is expected to curb the metal's losses.Benchmark copper on the London Metal Exchange was down 1 percent at $5,497 a tonne at 1423 GMT from $5,560 at Thursday's close. The metal, used in power and construction, hit a six-year low of $5,240 last week. "There is potential for more downside ...
Copper slips as outlook clouded despite strong China data LONDON: Copper slipped on Wednesday on a firm dollar and a renewed slide in top consumer China's equity markets, though data showing strong factory output and second-quarter growth in China limited losses.Investors were also nervous ahead of a Greek parliamentary vote on austerity measures.Three-month copper on the London Metal Exchange ended down 0.6 percent at $5,531 a tonne, having traded in positive territory for most of the day. Last week, prices hit their weakest in ...

 



 
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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%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln