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European vegoils-Palm oil rises on strong exports, soyoil gains LONDON: Palm oil prices on Europe's vegetable oils market rose on Tuesday, boosted by the strong pace of Malaysian exports and gains in CBOT soybean oil. Crude palm oil offers were raised by up to $10.00 per tonne while RBD palm olein asking prices were increased by $10.00 to $15.00 per tonne. RBD palm olein for July/September shipment last traded at $630 a tonne, up $12.50, while October/December was last $15.00 higher at $627.50 a tonne. CBOT July soyoil was up 1.3 percent at 32.06 cents a lb at 1722 GMT. Export data released from cargo surveyor Intertek Testing Services reported a 52.9 percent jump in Malaysian palm oil shipments in the first 25 days of May compared to the same period a month ago, with purchases of crude palm oil rising nearly tenfold. Another cargo surveyor Societe Generale de Surveillance reported a 55 percent increase for the same period ...

Sugar falls, arabicas hit lowest point since Feb 2014 LONDON: Raw sugar futures hit an 8-week low on Tuesday, pressured by huge stocks and a weak Brazilian currency, while arabica coffee futures fell to the lowest level in more than a year and New York cocoa eased.Raw sugar futures edged down due to a combination of vast inventories in some leading Asian origins, and the weak Brazilian currency which encouraged Brazilian producers to sell dollar-based sugar to lock in local currency returns."Technically the market ...
Gold drops more than 1 percent as dollar rally continues LONDON: Gold fell more than 1 percent on Tuesday as the dollar extended gains following stronger U.S. inflation data and comments from Federal Reserve Chair Janet Yellen that reinforced the central bank's tightening bias on monetary policy.Spot gold dropped to a two-week low of $1,192.60 an ounce earlier and was down 1 percent at $1,193.73 by 1003 GMT.U.S. gold futures for June delivery were down $10.40 at $1,193.60 an ounce.The dollar continued its strong run, ...
Copper steady as strong dollar offsets China demand prospects LONDON: Copper steadied on Tuesday as investors weighed the negative impact of a stronger dollar against expectations that demand from top consumer China will recover in the second half, thanks in part to government stimulus measures.China's state planning agency on Monday released a list of more than 1,000 proposed projects totalling 1.97 trillion yuan ($318 billion) it is inviting private investors to help fund, build and operate.Also, London Metal Exchange data showed copper stocks fell ...
Russian wheat prices follow global benchmarks higher TIKHORETSK: Russian wheat export prices rose last week following an increase in global benchmarks and concerns over dry and hot weather in the European part of Russia, analysts said. Russia, one of the world's big wheat exporters, competes with other global suppliers, including France, where Western European wheat prices hit the highest level since mid-April last week before turning lower in holiday-quietened trade.Black Sea forward prices for Russian new crop wheat with 12.5 percent protein ...
EU wheat unchanged to slightly lower in holiday market PARIS: European wheat prices were unchanged to slightly lower on Monday, pressured by a broad commodities sell-off on US markets on Friday, but trade remained very light with many European countries on holiday and US markets closed.Paris December milling wheat, the new-crop benchmark on Euronext, was unchanged by 1340 GMT at 184.00 euros a tonne in a volume of just 1,039 lots.Front-month September was 0.25 euro, or 0.1 percent, lower.The fall of the euro against ...
Gold dips as Yellen comments shore up dollar LONDON: Gold prices fell slightly on Monday, as the dollar gained traction against major currency rivals, on signs the Federal Reserve is preparing to tighten monetary policy for the first time in six years in 2015.Fed Chair Janet Yellen indicated on Friday that the U.S. central bank was poised to raise rates this year, with the world's largest economy set to bounce back from an early-2015 slump.Higher U.S. interest rates increases the opportunity cost of ...

 



 
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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