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Nickel hits nine-month peak on Indonesia ban worries LONDON: Nickel climbed to a nine-month high on Wednesday on persistent worries about an Indonesian ban on ore exports and after China's leaders affirmed a solid growth target for the year ahead. Most metals came off their peaks and several dipped into negative territory on renewed tensions in Ukraine after Russia rebuffed Western demands to withdraw forces in Crimea to their bases. Metals had climbed early in the day after China's government said it aimed to expand the economy by 7.5 percent this year and would pursue reforms in areas ranging from finance to the environment. Three-month nickel on the London Metal Exchange hit a high of $15,345 a tonne, its highest since June last year, but pared gains to close up 0.8 percent at $15,270. Nickel's rally was partly driven by short position holders buying back positions, said analyst Leon Westgate at Standard Bank in London. "Open interest remains ...

Copper sinks to three-month lows as China weighs LONDON: Copper plumbed three-month lows on Monday after data showed a modest cooling in factory activity in China, the world's top consumer of the metal, and as the dollar rose versus the euro on the threat of war between Ukraine and Russia. Weekend comment from Russia that it had the right to invade Ukraine weighed on the euro with Europe seen as vulnerable because of its dependence on Russian gas part of which goes through ...
Soybeans edge down, eye 4th weekly rise PARIS/SINGAPORE: US soybeans edged lower on Friday from a five-month high struck in a volatile previous session, but stayed on track for a fourth straight weekly rise as harvest snags in South America sustained demand for US supplies.Chicago wheat rose to hold above a near three-week low hit on Thursday when a clean sweep by Black Sea suppliers in Egypt's latest wheat tender dampened US export sentiment.Corn edged higher after sharp losses on Thursday.CBOT March ...
Gold steadies, on track for biggest monthly gain since July LONDON: Gold steadied around $1,330 an ounce on Friday and was on track for its biggest monthly gain in seven as persistent concerns about a slowdown in the US economy hurt the dollar. Gold has gained nearly 7 percent in February, its biggest monthly rise since July, mostly due to weak data in China and the United States and political and economic turmoil in Ukraine, which lifted demand for the metal as an insurance against ...
EU wheat dips on euro rise despite strong exports PARIS: Western European wheat markets were flat to lower on Friday as a sharp rise in the euro curbed a rally driven by brisk exports. May milling wheat, the most traded contract on the Paris-based Euronext market, was down 0.75 euros or 0.4 percent at 197.25 euros a tonne at 1421 GMT. March held up better, trading unchanged at 201.75 euros, as the front month continued to be supported by the covering of short-term physical ...
Napier Brown complains about British Sugar's pricing LONDON: Napier Brown, a unit of The Real Good Food Company, has complained to Britain's Office of Fair Trading (OFT) alleging an abuse of a dominant position by British Sugar, a major supplier to Napier Brown. In its third quarter trading update issued this month, The Real Good Food Company said "instability in the sugar market is giving us short-term challenges." "It is very disappointing that we find ourselves in the position where a major ...
GMO crops should have consumer focus BIRMINGHAM: British consumers will only embrace genetically modified foods when traits are developed which provide them with significant benefits, Justin King, chief executive officer of grocer J Sainsbury Plc said on Tuesday. King said in an interview that genetically modified crops had been focused on the producer rather than the consumer. "It has never been the case that the UK population is against GM. There is a significant minority that are vocally and vehemently against ...


Index Closing Chg%
Arrow DJIA 16,408.54 0.10
Arrow Nasdaq 4,095.52 0.23
Arrow S&P 1,864.85 0.14
Arrow FTSE 6,625.25 0.62
Arrow DAX 9,409.71 0.99
Arrow CAC-40 4,431.81 0.59
Arrow Nikkei 14,417.53 0.01
Arrow H.Seng 22,760.24 0.28
Arrow Sensex 22,628.84 1.58

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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
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WeeklyApril 14, 2014
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