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Gold holds near $1,185/oz ahead of US payrolls data LONDON: Gold edged higher on Friday after two days of losses, but prices held in a narrow range ahead of key US nonfarm payrolls data, which will be closely watched for further clues on the timing of an expected US rate rise. A recent run of mixed economic data has pushed earlier expectations for the Federal Reserve to announce a rate rise at its June policy meeting back to later this year. A strong jobs report would support the view that the Fed will act sooner rather than later, pressuring gold. Rising rates tend to lift the opportunity cost of holding non-yielding bullion while boosting the dollar, in which it is priced. Spot gold was up 0.2 percent at $1,186.56 an ounce at 1208 GMT, while US gold futures for June delivery were up $3.00 an ounce at $1,185.20. Prices have been stuck in a narrow range of around $50 ...

EU wheat down with Chicago, front-month tumbles ahead of expiry  PARIS: European wheat futures weakened on Thursday after a fall on US markets while front month May, the last contract for the current season, tumbled as much as 6 percent before its expiry on Monday.December milling wheat, the new-crop benchmark on Euronext, was down 0.50 euro or 0.3 percent by 1610 GMT to 174.00 euros a tonne."The market is mainly impacted by the fall in Chicago," a trader said.US wheat was hit by profit taking ...
Copper propped up by hopes of Chinese stimulus LONDON: Copper was supported on Thursday by expectations of further stimulus to boost economic growth in top consumer China, but gains were capped by equity market losses and a stronger dollar.Three-month copper closed at $6,400 a tonne from $6,390 at Wednesday's close. The metal used in the construction and power industries hit $6,481 a tonne earlier in the week, its highest since Dec. 15."Metals are looking for direction from the PBOC (China's central bank)," said ...
Iraq passes in 30,000 tonne rice tender HAMBURG: Iraq has rejected all offers and made no purchase in an international tender to buy at least 30,000 tonnes of rice, European traders said on Thursday. Prices were regarded as too high. The tender from Iraq's state grains buyer had closed on April 26 and offers had to remain valid until Apr. 30, traders said. Copyright Reuters, 2015 ...
Copper price to struggle even as mine outages slash market surplus LONDON: Faltering demand in leading global copper consumer China will see prices of the metal struggle to gain traction this year, despite disruptions at mines that will slash the expected market surplus by half, a Reuters poll showed. Aluminium prices will also face headwinds as the market braces for more oversupply, having previously been expected to flip into deficit for the first time in nine years, the poll showed. Analysts trimmed forecasts of expected shortages ...
Gold slips for second session on higher bond yields LONDON: Gold extended losses into a second day on Thursday, falling almost one percent as higher bond yields dented its investment appeal, while uncertainty over the timing of a US rate hike also weighed.Spot gold fell 0.7 percent to $1,183.18 an ounce by 0957 GMT, holding below the key $1,200 level for a fifth day. US gold futures for June delivery dropped $8.80 to$1,181.40 an ounce. "The fact that we've got this back-up in long-term ...
EU wheat bounces off 7-month low, follows US prices up HAMBURG: European wheat futures rose on Wednesday, bouncing from a seven-month low hit on Tuesday, with support coming from rising US prices.December milling wheat, the new-crop benchmark and the most active contract on the Paris-based Euronext exchange, unofficially closed up 2.50 euros or 1.4 percent at 174.50 euros a tonne.On Tuesday the contract fell to 171.00 euros, a low since Sept. 26, 2014.US futures climbed more than 2 percent on Wednesday, lifted by reports of ...

 



 
Index Closing Chg%
Arrow DJIA 18,126.12 0.20
Arrow Nasdaq 5,097.98 0.17
Arrow S&P 2,120.79 0.13
Arrow FTSE 7,040.92 1.11
Arrow DAX 11,677.57 0.79
Arrow CAC-40 5,137.83 0.86
Arrow Nikkei 20,551.46 0.39
Arrow H.Seng 27,454.31 2.23
Arrow Sensex 27,506.71 0.21





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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%
MonthlyApril
Trade Balance $-1.795 bln
Exports $1.995 bln
Imports $3.790 bln
WeeklyMay 28, 2015
Reserves $17.494 bln