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Gold above $1,200/oz on investor repositioning, firm oil LONDON: Gold rose above $1,200 an ounce on Wednesday, boosted by rebounding oil prices and investor repositioning, though strength in the dollar and optimism about the US economy kept gains in check.Bullion received some help from inflows of 2.4 tonnes to SPDR Gold Trust, the world's top gold-backed exchange-traded fund. Despite the first inflow in two weeks, the fund's holdings remain near a six-year low, underlining bearish sentiment in the market. "There is some position reshuffling due to the level of volatility we have seen in the past few sessions," Julius Baer analyst Carsten Menke said. "I wouldn't read too much into it, though, because the key drivers in the medium to longer term are the recovering US economy and expected rate hikes next year, which should dent investor demand for gold." Spot gold was up 0.4 percent at $1,203.87 an ounce at 1057 GMT, having fallen 1 percent in ...

Canada wheat exports dogged by quality complaints WINNIPEG: Buyers of Canadian wheat are increasingly complaining about quality ever since Ottawa changed how its biggest crop is sold and inspected, raising the risk the world's third largest exporter will lose sales to rivals like the United States. Problems include underweight shipments, lower-than-expected protein content and gluten strength in the wheat, and even the occasional mixture of wheat with other agricultural products. In October, Singapore-based Prima Group found 850 kilograms of peas in a ...
Soy hits 5-week low on improving S. America crop outlook LONDON: US soybean futures fell to a five-week low on Wednesday as expectations for bumper South American production dragged on prices. Wheat futures fell, retreating from a near five-month top hit earlier in the week, while corn prices were also lower. Chicago Board of Trade January soybean futures fell 0.9 percent to $9.86-1/2 a bushel by 1211 GMT, having earlier hit a session low of $9.86 a bushel - the lowest since Oct. 27. "South ...
Arabicas edge up, sugar touches 2-month low LONDON: Arabica coffee futures edged up in technically driven trade on Wednesday, with gains capped by rain in top grower Brazil, while raw sugar was around two-month lows, under pressure from a stronger dollar and ample nearby supplies. Cocoa steadied, with dealers focused on main crop bean arrivals at West African ports. In arabica coffee, chart-based buying buoyed prices, which traded near two-month lows, weighed down by recent reports of rainfall in Brazil boosting prospects ...
Denmark's Arla Foods to drop bid for Egypt's Arab Dairy COPENHAGEN: European dairy produce cooperative Arla Foods Amba has dropped its bid for Egyptian Arab Dairy Product Company, Arla Foods said on Wednesday.The decision came after Denmark's Arla completed due diligence on Arab Dairy Product Company."Our conclusion based on the study is that we will not make a binding offer to Arab Dairy," said head of Arla's Consumer International Finn S. Hansen in the statement.Arla Foods said on Sept. 11 it has placed a non-binding ...
Wheat holds above $6 after surge on Black Sea crop health worries PARIS/SYDNEY: US wheat futures edged lower on Tuesday after racing to a near six-month high, but concerns over exports and crops in the Black Sea zone kept a firm floor under prices.Corn and soybeans were almost flat as the market weighed up a volatile crude oil market and improving prospects for crops in South America.Chicago Board of Trade March wheat futures, the most actively traded contract, declined 0.3 percent to $6.05 a bushel, but held ...
Copper falls on China, Europe uncertainty and oil losses LONDON: Copper and other base metals slid on Tuesday on persistent uncertainty over demand in top metals consumer China, more weak economic data in Europe and further losses in oil prices.Copper erased much of its gains from Monday, when it rebounded from 4-1/2 year lows and broke a five-session run of losses.Some speculators who had bought back short positions on Monday to lock in some profits, were shorting the market again on Tuesday, hoping for ...


Index Closing Chg%
Arrow DJIA 17,778.15 2.43
Arrow Nasdaq 4,748.40 2.24
Arrow S&P 2,061.23 2.40
Arrow FTSE 6,466.00 2.04
Arrow DAX 9,811.06 2.79
Arrow CAC-40 4,249.49 3.35
Arrow Nikkei 17,210.05 2.32
Arrow H.Seng 22,832.21 1.09
Arrow Sensex 27,126.57 1.56

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln