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Copper dips as oil falls, eyes Fed testimony LONDON: Copper slipped in relatively thin trade on Monday as oil prices dropped, with the market shrugging off a European debt deal for Greece and attention shifting to upcoming testimony by the U.S. central bank chief.Three-month copper on the London Metal Exchange ended down 0.39 percent to $5,671 after a 1 percent loss in the previous session.A deal agreed by euro zone finance ministers on Friday to extend debt-laden Greece's bailout for four months boosted sentiment in some markets, but the accord provided Athens with breathing space rather than a long-term solution to its woes."We've bought a bit of time, but has anything fundamentally changed? I'm not sure," said Nic Brown, head of commodities research at Natixis in London."You could very quickly get the market flipping from being positive now that we have a deal on Greece to being a little concerned about what the Fed might do later in ...

Sugar, coffee hit new lows as crop outlooks improve LONDON: Rain relieving dry weather in Brazil pushed raw sugar futures on ICE to their lowest level in almost five years on Monday, while arabica coffee hit a one-year low. Sugar was also hit by the weakness of the Brazilian real, which has encouraged producer selling, and India's decision to offer export incentives. The price drop could reduce the prospect of India exporting a significant amount of sugar. "The market is currently expecting that only ...
US wheat hits 2-week low on stiff export competition PARIS/SINGAPORE: Chicago wheat slipped to its lowest in more than two weeks early on Monday due to weak export prospects. Corn fell for a second session as record global supplies continue to pressure the market. Soybeans ticked up to hold on to recent gains, supported by a truck strike in Brazil that has added to short-term supply concerns in the South American country. Chicago Board of Trade March wheat inched down a quarter of a ...
Copper dips on concern over Greek deal, as oil falls LONDON: Copper slipped on Monday on worries about a Greek bailout deal, concern about upcoming testimony by the US central bank chief and as oil prices dropped. Three-month copper on the London Metal Exchange dropped 0.7 percent to $5,655.50 a tonne by 1108 GMT after a 1 percent loss in the previous session. Euro zone finance ministers agreed late on Friday to extend debt-laden Greece's bailout deal for four months, provided it drew up a ...
Gold has bullish hopes, sobering current reality: Russell LAUNCESTON: The price of gold appears caught in a holding pattern, stuck between what is actually happening to demand and what potentially may happen. The World Gold Council's latest quarterly report provides a snapshot of the different dynamics at work in the gold market, and goes some way to explain why the precious metal has been marooned in a fairly narrow range for almost two years. The broad picture from the council's Gold Demand Trends ...
Russia bans cheese imports from Poland MOSCOW: The Russian consumer watchdog Rospotrebnadzor said on Monday it had suspended all imports of cheese from Poland due to irregularities in "normative requirements". It said it had found that cheese produced by OSTROWIA Sp. z.o.o. did not meet the requirements of a Moscow-led customs union.Rospotrebnadzor said it had suspended the imports with effect from Feb. 20. Russia slapped a one-year ban on many Western food imports in August in retaliation for sanctions over Moscow's ...
London copper marks time with China on holiday MELBOURNE: London copper edged up on Monday with much of the region returning to work after the Lunar New Year holiday, but top buyer China remained on a week-long break, draining volume and direction from the market."Copper is in a range, and I don't think it's just restricted to copper - oil is also in a range and trying to find a low," said Jonathan Barratt, chief investment officer at Ayers Alliance in Sydney."We've thrown ...


Index Closing Chg%
Arrow DJIA 18,096.90 0.58
Arrow Nasdaq 4,967.14 0.26
Arrow S&P 2,098.53 0.44
Arrow FTSE 6,919.24 0.44
Arrow DAX 11,390.38 0.98
Arrow CAC-40 4,917.35 0.99
Arrow Nikkei 18,703.60 0.59
Arrow H.Seng 24,465.38 0.96
Arrow Sensex 29,380.73 0.72

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln