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Sugar steady after expiry, robustas dip on first notice day LONDON: Raw sugar futures steadied on Wednesday as the market digested a moderate delivery after a contract expiry, while robusta coffee dipped with traders tracking a high July/September spread on first notice day. Cocoa edged down in light volumes, and was underpinned by concerns over tight supplies from No. 2 grower Ghana. Raw sugar futures were little changed above a recent 6-1/2-year low as the market took stock of a moderately sized delivery against the July contract in line with expectations. Sugar moved sideways, consolidating after a rally on Tuesday as hedge funds and other speculators, who held their largest net short in nearly three months in the week to June 23, covered short positions. Tuesday's expiry of the July raws contract was estimated by traders at 9,073 contracts, or 460,900 tonnes, with Wilmar International Ltd seen as the sole receiver, just two months after it booked a record delivery. ...

Gold around four-week low on dollar, hopes over Greek crisis LONDON: Gold hovered above a near-four-week low on Wednesday, in reaction to a stronger dollar and hopes of progress in the Greek debt crisis after the country said it is willing to accept a deal on offer from its international creditors with some amendments. The Greek situation has failed to spark robust safe-haven bids for gold, with bullion investors still focused on an expected increase in US interest rates after more strong economic data. "It's ...
Aluminium gains on hopes for China demand, Greek deal LONDON: Most base metals rose on Wednesday on hopes that demand would recover in China and that Greece would eventually agree a bailout with creditors. There was also some buying by investors who took profits from short positions over the past two days when some metals hit multi-year lows and others who saw the low prices as good value. Metals joined euro zone stocks and peripheral bonds in climbing after Greece said it was ready ...
Wheat holds near 6-month high on weather woes, USDA data awaited PARIS/SINGAPORE: Chicago wheat held near a six-month high on Tuesday as the market continued to worry over a rain-hampered US harvest and harsh weather in other wheat exporting countries. Gains were limited by a stronger dollar and a cautious mood in the run-up to closely followed US government planting and stocks estimates due at 1600 GMT. But wheat was still on course to record its biggest monthly rise in five years. Corn moved higher to ...
Nickel hits six-year low on Shanghai Exchange move, copper steady LONDON: Nickel hit a six-year low on Monday as the Shanghai Futures Exchange (ShFE) approved three new nickel brands for delivery against its contracts, and as persistently high stockpiles and risk aversion over Greece weighed on the market.Copper bucked the wider downward trend in metals, rising on hopes that China's economy is levelling out.The dollar rose against the euro, while equities and commodities such as oil sank as investors priced in an increased risk that ...
Gold steadies as Greece fears offset by weaker euro LONDON: Gold steadied on Monday, giving up early gains as the prospect of a Greek debt default, which hit European shares, was offset by a strengthening dollar and wariness among investors over the metal's longer-term outlook.European shares tumbled more than 2 percent in early trade and the euro slid as Greeks woke up to shuttered banks and closed cash machines following the collapse of talks between Athens and its creditors.Gold, which often benefits from uncertainty ...
Raw sugar rallies on short covering, arabicas fall LONDON: Raw sugar futures on ICE rallied on short covering on Monday, while a stronger dollar fueled by the Greek debt crisis weighed on cocoa and coffee.July raw sugar futures on ICE reversed earlier losses and were up 0.19 cents or 1.6 percent at 11.86 cents a lb at 1357 GMT. Most-active October was up 0.14 cent or 1.2 percent at 12.09 cents a lb.Dealers said they expected a modest delivery tonnage against expiry 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%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln