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Gold climbs as Fed signals no rush to raise rates LONDON: Gold rose on Wednesday, recovering from the previous day's seven-week lows, after comments from Federal Reserve Chair Janet Yellen suggested the central bank was in no rush to raise interest rates.That weighed on the dollar, supporting gold. The precious metal rose more than 1 percent to a session high earlier in Asiaafter Chinese buyers returned from the Lunar New Year holiday, driving premiums higher on the Shanghai Gold Exchange.Spot gold was at $1,209.65 at 1319 GMT, up 0.8 percent, after earlier hitting $1,211.80 an ounce. US gold futures for April delivery were up $12.60 an ounce at $1,209.90.The dollar fell after Yellen held back on Tuesday from giving a clear view on when the Fed will begin hiking rates, sparking a rally in precious metals on Wednesday that pushed silver up more than 3 percent and palladium to a six-week high.Gains in gold are likely to be limited, however, ...

Copper falls on economic uncertainty as China returns LONDON: Copper dipped on Wednesday on uncertainty about China's economic growth and as bearish investors resumed selling when Chinese markets reopened after a break.Copper surged to a six-week high on Tuesday, breaking out of a month-long range and forcing shorts to cover their positions, as markets welcomed signals that the US central bank would not rush to hike interest rates."Yesterday we saw a massive short-covering rally, so it's not really surprising that it's off a ...
Ukraine exports 24mn Tonne grain so far in 2014-15 KIEV: Ukraine has exported 24.0 million tonnes of grain since July 1, 0.4 percent more than in the same period a year earlier, the agriculture ministry said on Wednesday.This includes 9.1 million tonnes of wheat, 10.8 million tonnes of maize and 3.9 million tonnes of barley, it said in a statement.The ministry has said Ukrainian grain exports are likely to rise to about 37 million tonnes this season from 32.8 million in the previous season.Ukraine ...
London copper slips as China returns, selling resumes MELBOURNE: London copper slipped on Wednesday from a six-week high hit the session before, as China returned from a week-long holiday and resumed selling on the prospect of ample local metal supply.Activity in China's mammoth factory sector edged to a four-month high in February but export orders shrank at their fastest rate in 20 months, a private survey showed, painting a murky outlook that could boost the case for more policy support."What we need from ...
Raw sugar hits 5-year low, arabicas edge up LONDON: Raw sugar futures hit a 5-year low, weighed by a weak real currency and rainfall in Brazil auguring for a big crop this year, while arabica coffee edged up on chart-based buying, but remained near a one-year low.Cocoa futures steadied, with London futures underpinned by a firm pound.At 1523 GMT, ICE May raw sugar futures were down 0.03 cent or 0.2 percent at 14.10 cents a lb. They had previously tapped 14.02 cents, the ...
Strong exports help to support rebound in EU wheat PARIS: European wheat prices were firm on Tuesday, buoyed by strong export volumes which helped spur a rebound from a sharp drop the previous day, traders said.May milling wheat on Euronext, the most actively traded contract, rose 0.50 euro or 0.3 percent to 185.25 euros a tonne by 1656 GMT. On Monday, the May contract had fallen 2.50 euros, breaking its 186.25 support. Traders put the next support level at 184.25 euros a tonne."It's tough ...
Copper hits 6-week high after Fed rate policy comments LONDON: Copper surged to a six-week high on Tuesday after the US central bank chief said it was preparing to consider rate rises on a meeting-by-meeting basis, Greece secured a bailout extension and oil prices rebounded.The dollar edged lower and bond yields fell after U.S. Federal Reserve Chair Janet Yellen said it would be several months before the Fed expects to raise interest rates.Three-month copper on the London Metal Exchange jumped to a session peak ...

 



 
Index Closing Chg%
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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%
MonthlyMay
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 01, 2015
Reserves $18.5 bln