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Gold eases as focus shifts to potential US rate increase LONDON: Gold eased on Tuesday, extending the previous session's losses, as investors switched attention from the fading prospect of a Greek exit from the euro zone to the potential for a US interest rate increase later this year. Greece and its international creditors struck a conditional agreement on Monday that saw it surrender much of its sovereignty to outside supervision in return for agreeing to talks on an 86 billion euro ($95 billion) bailout. While caution lingers over the deal, with Greek Prime Minister Alexis Tsipras facing a showdown with his own party over the austerity package, European stocks are holding the bulk of Monday's gains, suggesting risk aversion has eased somewhat. Spot gold was down 0.4 percent at $1,153.21 an ounce at 0930 GMT, while US gold futures for August delivery were down $3.00 an ounce at $1,152.40. "The Greek situation kept gold prices around $1,160-1,170, but once an ...

Cocoa steady after European grind at top end of expectations LONDON: Cocoa futures on ICE held steady on Tuesday after second-quarter European cocoa grind data at the high end of expectations while sugar and coffee were little changed.Europe's second-quarter cocoa grind, a measure of demand, rose 0.6 percent from the same period last year to 309,677 tonnes, the European Cocoa Association said. Dealers had told Reuters they expected the European grind to be down between by between 1 percent and 5 percent year on year. ...
Copper falls on jitters over Greece bailout deal, weak oil LONDON: Copper and other metals retreated on Tuesday on uncertainty about Greece's debt deal, weaker oil prices and inventory rises that highlighted concerns about excess supply. The London Metal Exchange saw strong gains on Monday following a bailout deal between Greece and creditors, but the Greek premier has less than 48 hours to pass a series of pro-market reforms in parliament and smother dissent from hardliners. "There was absolute relief yesterday, but now people are ...
Corn prices turn lower on drier US weather outlook LONDON: Chicago corn futures rose to a one-year high on Tuesday before the recent run-up finally stalled on a more favourable weather outlook for crops in the United States where yields have been threatened by heavy rains. Soybeans rose as US crop conditions deteriorated slightly while wheat prices edged higher. Chicago Board of Trade September corn was off 0.2 percent at $4.39-3/4 a bushel at 1035 GMT after peaking at $4.43-1/4, the highest level for ...
Gold slips on dollar after Greek debt deal, US rate rise signals LONDON: Gold slipped almost 1 percent on Monday as the dollar rose against the euro after euro zone leaders agreed a roadmap to a bailout for Greece, while signals the Federal Reserve was still on track to raise rates this year also weighed on prices.EU officials said Greek Prime Minister Alexis Tsipras finally accepted a compromise on German-led demands for the sequestration of Greek state assets to be sold off to pay down debt. Spot ...
Copper bounces after Greek deal, China data caps gains LONDON: Base metals rebounded on Monday after Greece and its creditors agreed a debt deal, but copper's gains were capped by data showing a drop in Chinese imports last month. The London Metal Exchange joined other markets in reacting with relief to news that euro zone leaders clinched a deal with Greece after all-night talks at an emergency summit. Three-month LME copper gained 0.7 percent to $5,628 a tonne by 1007 GMT, recovering from early ...
Corn holds near 1-year high on tightening supply outlook PARIS/SINGAPORE: US corn rose for a fourth consecutive session on Monday to hold near a one-year high, as a lower-than-expected estimate of US stocks and concern over soggy conditions for Midwest crops raised doubts over supply prospects for the coming season.Soybeans, which had also gained ground on Friday after the US Department of Agriculture's (USDA) crop estimates, edged lower as a firm dollar and falling crude oil put a lid on US grain markets.The dollar ...

 



 
Index Closing Chg%
Arrow DJIA 17,689.86 0.03
Arrow Nasdaq 5,128.28 0.01
Arrow S&P 2,103.84 0.23
Arrow FTSE 6,696.28 0.41
Arrow DAX 11,308.99 0.46
Arrow CAC-40 5,082.61 0.72
Arrow Nikkei 20,585.24 0.30
Arrow H.Seng 24,636.28 0.56
Arrow Sensex 28,114.56 1.48





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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%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln