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Gold higher as dollar softens, eyes on Greece LONDON: Gold edged higher on Tuesday as the dollar fell and uncertainty persisted over whether a high-level meeting on Greece's debt crisis might herald a significant breakthrough.Spot gold was up 0.2 percent at $1,187.90 an ounce by 1138 GMT.It had climbed above $1,200 for the first time in a week in the previous session on a lower dollar. The metal, however, failed to hold its gains after more data came in higher than expected."People are still expecting a U.S. rate hike by the end of the year and then when you have weaker data then it tends to cause a little bit of panic on whether it will be a December rate hike or not," Citi strategist David Wilson said.The stronger U.S. manufacturing data kept alive expectations the Fed will raise rates later this year from record lows, boosting the dollar. Higher rates would reduce demand for non-interest-paying bullion."The lack ...

Coffee steadies after short covering rally, sugar firms LONDON: Coffee futures on ICE steadied on Tuesday after a rally on short covering in the prior session triggered by a weekly report that showed speculators tripled their bearish position in arabica.Raw sugar and New York cocoa futures edged up, buoyed by a soft dollar.Arabica coffee futures held steady after jumping nearly 5 percent on Monday. U.S. Commodity Futures Trading Commission data, released late Friday, showed speculators tripled the size of net short position in ...
China demand concern undermines copper LONDON: Copper slipped on Tuesday as expectations of weaker demand from China were reinforced by weak manufacturing activity in the world's largest consumer of industrial metals.Benchmark copper on the London Metal Exchange was at $5,996 a tonne at 1014 GMT from $6,024 on Monday, when the metal used in power and construction fell to $5,985, its lowest since April 24.China accounts for about half of global consumption estimated at around 22 million tonnes this year. ...
Copper bolstered by fundamentals, strong dollar caps gains LONDON: Copper rose on Monday on expectations of rising demand from top consumer China and lower concentrate supplies, but gains were limited by the stronger dollar.Analysts said demand from China was showing signs of improvement, contrasting with an official Chinese manufacturing PMI survey, released on Monday, which showed only a slight increase in manufacturing activity last month and a drop in exports.Benchmark copper on the London Metal Exchange ended at $6,024 a tonne, up from ...
Soybeans give up gains, corn falls on sluggish demand SYDNEY/PARIS: US soybeans fell 1 percent on Monday, giving back their gains from the previous session, hit by a rise in the dollar, while corn edged lower as an increasing supply outlook and signs of sluggish demand pressured prices.Wheat fell on poor demand for US stocks, improved weatherChicago Board of Trade July soybeans eased 1 percent to $9.25 a bushel, having firmed 0.9 percent on Friday. July corn fell 0.2 percent to $3.50-3/4 a bushel, ...
Raw sugar inches up but still near 6-year low, cocoa eases LONDON: Raw sugar futures hovered above the lowest level in more than six years on Monday, with traders focused on a weak Brazilian currency, while New York cocoa eased, pressured by a stronger dollar.Arabica coffee futures rose on technically driven buying.Raw sugar futures inched higher, underpinned by a strong allocation to ethanol from Brazilian cane, tightening near term availability of sugar, with traders also focused on concerns over risks to crops from the El Nino ...
Global coffee exports down 8.9pc in April LONDON: Global coffee exports totalled 9.43 million 60kg bags in April, down 8.9 percent from 10.35 million in the same month last year, the International Coffee Organization (ICO) said on Friday. For the first seven months of the 2014/15 season, which began on Oct 1. last year, coffee exports were down 3.8 percent at 62.76 million bags. Robusta coffee exports in April were 3.53 million bags, down 16.2 percent from a year earlier. Cumulative robusta ...

 



 
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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%
MonthlyMay
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 01, 2015
Reserves $18.5 bln