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Copper up for second day, still eyes biggest weekly fall since 2011 LONDON: Copper rose on Friday, edging further away from 5-1/2 year lows hit this week, after China's move to boost lending measures helped ease fears about the outlook for demand, but the metal was still heading for its biggest weekly loss since 2011.Three-month copper on the London Metal Exchange added 1 percent to trade at $5,684 a tonne at 1036 GMT, its second day of gains following Wednesday's fall that saw the metal dragged its lowest since mid-2009 at $5,353.25 in its biggest one-day percentage drop in more than three years.Copper found near-term support from news China's central bank will increase its relending quota by 50 billion yuan ($8 billion) this year, stepping up efforts to give targeted support to parts of the economy it sees as lagging.Also supporting prices, China's top economic planner said there was no crisis in China's property market but the authorities needed to pay attention ...

Gold set for biggest weekly gain in 10 months on risk aversion LONDON: Gold edged down on a modestly higher dollar on Friday, but looked set to post its best week in 10 months, as investors sought safety from volatility in equity and currency markets after Switzerland unexpectedly abandoned a cap on the franc.Spot gold was down 0.2 percent at $1,259.27 an ounce by 1105 GMT. The metal had posted its biggest daily gain in six weeks on Thursday, up 2.6 percent, hitting a four-month high of ...
Turkey buys 100,000 tonnes corn in tender PARIS: Turkey's state grain agency TMO bought 100,000 tonnes of animal feed corn in an import tender that closed on Thursday, European traders said on Friday.TMO had been seeking to purchase up to 100,000 tonnes in the tender to cover shipment periods in February and March, and spread between three destination portsCopyright Reuters, 2015 ...
Gold jumps more than 2 pct to 4-month high after SNB move LONDON: Gold rose more than two percent to a 4-month high on Thursday after a shock move by Switzerland to abandon its three-year cap on the franc sent global shares and bond yields into turmoil. Spot gold rose as much as 2.4 percent to its highest level since Sept. 8 at $1,260.30 an ounce in earlier trade and was up 2.3 percent at $1,257.46 an ounce by 1443 GMT.US gold futures for delivery in February ...
Cocoa falls after weaker than expected grind, sugar rallies LONDON: Cocoa futures slipped on Thursday, weighed by weaker than expected European cocoa grind data, while sugar rallied on chart-based buying, supported by strengthening cash demand. Arabica coffee futures rose, underpinned by worries over weather in top grower Brazil. Europe's fourth-quarter cocoa grind fell 7.4 percent from the same period last year to 323,061 tonnes, the Brussels-based European Cocoa Association said. Germany's fourth-quarter 2014 cocoa grind fell 14.08 percent on the year to 86,800 tonnes, ...
EU wheat prices rise on Egypt sale, weak euro LONDON: European wheat prices were higher on Thursday as a further weakening in the euro and the sale of French wheat to Egypt helped the market rebound from the prior day's 4-week low. March milling wheat on Paris-based Euronext was 1.00 euro or 0.5 percent at 193.00 euros a tonne by 1701 GMT. "Egypt's purchase and especially the slide of the euro, in addition to Algeria's tender, are supporting prices but the fall in Chicago ...
Copper collapse a fresh blow for many emerging economies LONDON: The collapse in prices for copper will deal a blow to emerging economies from Chile to Congo that are reliant on exports of the metal, with currencies and economic growth likely to bear the brunt. Copper has tumbled to six-year lows this week, sending shockwaves through global markets that are just coming to terms with oil's 60 percent price slide since June.Worst hit are likely to be Chile and Peru, the world's top and ...


Index Closing Chg%
Arrow DJIA 17,776.12 1.11
Arrow Nasdaq 4,900.89 0.94
Arrow S&P 2,067.89 0.88
Arrow FTSE 6,773.04 1.72
Arrow DAX 11,966.17 0.99
Arrow CAC-40 5,033.64 0.98
Arrow Nikkei 19,206.99 1.05
Arrow H.Seng 24,900.89 0.81
Arrow Sensex 27,957.49 0.07

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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 20, 2015
Reserves $16.132 bln