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Gold rises on soft dollar ahead of Fed rate meeting LONDON: Gold edged up on Tuesday after two sessions of losses, as the dollar and shares eased ahead of a U.S. Federal Reserve policy meeting that may push back expectations for when U.S. interest rates will start to rise.The Fed starts its first two-day policy meeting of the year later on Tuesday and investors expect it to acknowledge the uncertain global outlook and stick to its promise to be patient on tightening.Spot gold was up 0.5 percent at $1,287.30 an ounce by 1418 GMT. The metal had fallen 1.6 percent in the previous two sessions on strong equities and uncertainties over the Greek election. Gold hit a five-month high of $1,306.20 on Thursday.U.S. gold futures for delivery in February were up $8.10 at $1,287.50 an ounce."Clearly the market is supported by good buying and feels well supported on the dips, but rallies keep fading on the upside," bullion dealer Sharps ...

Copper slips back near 5-1/2 year lows on China worries LONDON: Copper slipped on Tuesday, struggling to mount a recovery from the prior session's 5-1/2 year low as investors weighed further evidence of slowing growth in top consumer China while stocks continued to build.Chinese officials said the country's industrial sector - traditionally a mainstay driver of the economy - faces downward pressure. In addition, data showed China's factory profits grew at their weakest rate in two years in 2014.On supply, daily London Metal Exchange data ...
Gold steadies on soft dollar ahead of Fed rate meeting LONDON: Gold steadied on Tuesday, looking to snap two sessions of losses, as the dollar and shares eased ahead of a U.S. Federal Reserve policy meeting that may push back expectations for when U.S. interest rates will start to rise.The Fed starts its first two-day policy meeting of the year later on Tuesday and investors expect it to acknowledge the uncertain global outlook and stick to its promise to be patient on tightening.Spot gold was ...
Wheat weakens more on slow export demand PARIS/SINGAPORE: US wheat eased for a fifth consecutive session on Tuesday, on plentiful global supplies and weak export demand.Soybeans were little changed after rallying in the last session on strong export demand for U.S. soymeal. Corn fell for a second day.Chicago Board Of Trade March wheat was down 0.1 percent to $5.19-3/4 a bushel by 1133 GMT.It earlier slipped to $5.17-1/2, a three-month low for the contract and a lowest spot price since Nov. 11. ...
NY cocoa steadies near one-year low, sugar dips LONDON: New York cocoa futures steadied on Tuesday near a one-year low as traders digested weaker than expected grind data, while raw sugar eased on chart-based selling, with a focus on the weather in top grower Brazil.Arabica coffee futures firmed, underpinned by a softer dollar, correcting up from Friday's six-month low despite forecasts for more rain in Brazil's coffee belt.New York March cocoa was down $2, or 0.07 percent, at $2,735 per tonne at 1138 ...
Turkish central bank sees end-2015 food price inflation 9pc ANKARA: Turkish Central Bank Governor Erdem Basci said on Tuesday the bank expected annual food price inflation of 9 percent at the end of 2015 and lowered its overall inflation forecast after revising down its oil price expectations.Speaking at a news conference to announce the bank's quarterly inflation report, Basci said the bank expected a continued modeate recovery in domestic demand while foreign demand was expected to remain weak.Copyright Reuters, 2015 ...
Ukraine, traders agree to curb food wheat sales to 1.2mn tonnes KIEV: Ukraine's Agriculture Ministry and traders have agreed that no more than 1.2 million tonnes of Ukrainian milling wheat will be exported between January 1 and June 30, government sources said on Tuesday."All market players have signed the document and the last signature of the (agriculture) minister will be made today," the source said."This memorandum means that we have found a mutual understanding with traders on our export policy this season."Traders said last week that ...

 



 
Index Closing Chg%
Arrow DJIA 17,826.30 1.54
Arrow Nasdaq 4,931.82 1.52
Arrow S&P 2,081.18 1.13
Arrow FTSE 6,994.60 0.93
Arrow DAX 11,688.70 2.58
Arrow CAC-40 5,143.26 1.55
Arrow Nikkei 19,652.88 1.17
Arrow H.Seng 27,653.12 0.31
Arrow Sensex 28,442.10 0.78





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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJanuary
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyApril 16, 2015
Reserves $16.818 bln