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Paris wheat climbs on delivery quality talk PARIS: Euronext wheat futures rose sharply in early trade on Wednesday on talk that the market's two delivery silos would revise their quality requirements to preserve milling quality, traders said. Euronext and silo operators Senalia and Socomac were due to discuss on Tuesday and Wednesday quality criteria for wheat delivered against Paris futures amid confusion over how the market will absorb a rain-hit French crop, according to traders. November milling wheat added as much as 5.75 euros to a two-week high of 180.50 euros a tonne. By 0908 GMT it was up 3.50 euros or 2.00 percent at 178.25 euros. The jump in Paris prices was also supported by a continuing rally in US prices and a fall in the euro against the dollar, traders said. Copyright Reuters, 2014 ...

Copper under pressure from slowing China service sector growth LONDON: Copper prices slipped on Tuesday, under pressure from data showing growth in China's services sector slowed to its lowest level in nearly nine years, raising concerns about the demand outlook from the world's top metals consumer.Three-month copper on the London Metal Exchange (LME) was down 0.2 percent at $7,120 a tonne at 1014 GMT.The slowing growth in China's services sector in July indicates a recovery in the broader economy is still fragile and may ...
Gold up slightly but limited by dollar, European equities LONDON: Gold edged up on Tuesday following disappointing Chinese economic data, but a firmer dollar and stronger European equity markets limited gains.Spot gold rose 0.2 percent to $1,290.63 an ounce by 1031 GMT. The metal had fallen to its lowest in five weeks at $1,280.40 on Thursday before staging a mild recovery.U.S. gold futures for December were up $2.90 at $1,291.80 an ounce."After the sell-off we saw on Thursday and the reasonable recovery on Friday, ...
Gold steadies near $1,295/oz as rate hike talk recedes LONDON: Gold prices steadied on Monday after a third successive weekly decline, supported by surprisingly weak U.S. payrolls data that dampened speculation the Federal Reserve will raise interest rates soon.A recent run of forecast-beating data, including numbers pointing towards a recovering jobs market, had fuelled talk that the Fed could raise interest rates sooner than expected, increasing the opportunity cost of holding non-yielding gold.That sent gold to a six-week low last week, but it recovered ...
Russian wheat prices rise as exports hit record pace MOSCOW: Russian wheat export prices rose last week supported by strong demand from traders, who are exporting grains at a record pace, analysts said on Monday.Russia, one of the world's main wheat suppliers via the Black Sea, is set to harvest the largest wheat crop in six years thanks to favourable weather this year and has already harvested 39 million tonnes from 43 percent of the planned area.Grain exports were on course to reach a ...
US wheat climbs to 2-week high on western European rain LONDON: Chicago wheat rose to a two-week high on Monday, rising for a fourth consecutive session, as quality concerns in western Europe increased investor appetite for U.S. wheat.Corn and soybean prices also edged higher although the upside for both commodities stayed capped by the prospect of near-record production in the United States.Chicago Board Of Trade (CBOT) September wheat rose 1.5 percent to $5.42 a bushel by 1104 GMT after climbing to $5.45-3/4, the highest level ...
Copper flat; growing supplies offset China equities rally LONDON: Copper was flat on Monday as investors were mindful of growing global supplies, even as stock markets in China rallied on positive comments from the country's top securities regulator.Chinese shares closed at their highest in 7-1/2 months after a China Securities Regulatory Commission spokesman said on Friday that improving economic performance, more liquidity and market reforms were sparking a "rebound" in equities.China consumes around 40 percent of the world's copper.Still, copper investors were reluctant ...

 



 
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Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln