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Wheat hits two-week high on US, Russia crop concerns LONDON: US wheat prices rose to a two-week high on Tuesday, boosted by concern about dry weather in both the United States and Russia, while soybeans fell to their lowest level since early February."Dryness in the U.S. is awakening fears concerning winter wheat conditions," analysts Agritel said in a market update."The market is also paying attention to weather conditions in Russia where sowings are taking place and a lack of rains is also registered," the analyst added.Warm and dry weather across the European part of Russia has raised concerns for the country's 2015 crop, analysts said on Monday.Chicago Board of Trade May wheat was up 0.2 percent to $5.15 a bushel at 1101 GMT after earlier rising to a two-week high of $5.18."There is more upside potential for wheat prices, the U.S. crop badly needs rainfall but not much is forecast," said Kaname Gokon, general manager of research at brokerage ...

Copper slides as oils falls, jitters ahead of Fed meeting LONDON: Copper slid on Tuesday, weighed down by a renewed fall in oil prices, uncertainty ahead of a U.S. Federal Reserve meeting and a slow recovery in Chinese demand after last month's Lunar New Year.Brent crude fell below $54 a barrel to its lowest level since early February as concerns over a growing supply glut weighed on the market.A slide in oil prices depresses costs for miners, allowing them to sell at lower prices, while ...
Copper dips as inventories build, weak dollar cushions losses LONDON: Copper dipped on Monday, pulled down by another rise of inventories, but losses were limited by a weaker dollar and comments by China's leader about the economy. Three-month copper on the London Metal Exchange was last bid down 0.3 percent at $5,835 a tonne.It had closed slightly up on Friday, when it also hit its highest level since March 3 at $5,900 a tonne. Copper went into the red after LME data showed inventories ...
EU wheat at 4-week high on Chicago bounce, exports PARIS: European Union wheat futures rose on Monday to their highest in almost four weeks, supported by a bounce in U.S. prices and favourable export context despite a recovery in the euro.May milling wheat, the benchmark on Euronext's established No. 2 wheat contract, was up 1.25 euros or 0.7 percent at 191.50 euros a tonne by 1545 GMT, after touching its highest since Feb. 17 at 191.75 euros.Paris futures had eased in morning trade, adjusting ...
Arabicas rally on short-covering, sugar firms after slide LONDON: Arabica coffee futures rallied over 5 percent on short covering on Monday after speculators raised a net short position in the latest U.S. Commitments of Traders data.Raw sugar futures rose on technically driven buying boosted by a softer dollar versus a basket of currencies, after slumping 5 percent to a six-year low on Friday, driven by a sharp fall in the Brazilian currency.Arabica coffee futures jumped in modest volumes as speculators covered short positions."Prices ...
Gold around lowest in over three months, eyes on Fed meeting LONDON: Gold fell on Monday, trading just above its lowest level in more than three months, due to stronger European shares and expectations that this week's Federal Reserve meeting could hint at the timing of any hike in U.S. interest rates.Spot gold was down 0.5 percent at $1,152.66 an ounce by 1427 GMT. The metal had fallen for nine consecutive sessions up to Thursday, its longest losing streak since 1973. It hit its lowest since ...
Gold above lowest in over three months, eyes on Fed meeting LONDON: Gold steadied above a three-month low on Monday as the dollar fell against the euro.Stronger shares and expectations this week's Federal Reserve meeting could hint at the timing of any hike in U.S. interest rates kept investors cautious.Spot gold was down just 0.1 percent at $1,157.10 an ounce by 1044 GMT. The metal had fallen for nine consecutive sessions up to Thursday, its longest losing streak since 1973. It hit its lowest since Dec. ...

 



 
Index Closing Chg%
Arrow DJIA 16,654.77 2.27
Arrow Nasdaq 4,812.71 2.45
Arrow S&P 1,987.66 2.43
Arrow FTSE 6,192.03 3.56
Arrow DAX 10,315.62 3.18
Arrow CAC-40 4,658.18 3.49
Arrow Nikkei 18,574.44 1.08
Arrow H.Seng 21,838.54 3.60
Arrow Sensex 26,231.19 2.01





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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