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Cocoa buoyed by Ghana supply concerns; sugar firms LONDON: London cocoa futures steadied on Wednesday after equalling the previous session's eight-week peak, driven by a downward revision in a Ghanaian crop estimate.Raw sugar futures firmed as perceptions about a record May delivery turned bullish, while arabica coffee dipped in light, choppy, technically driven dealings.Cocoa rallied on Tuesday after senior government sources in Ghana, the world's second-biggest cocoa grower, said the country's 2014/15 output would be no more than 700,000 tonnes, down from the previous estimate of 850,000 tonnes."There is always the risk that the market could give back some ground. It's a difficult call," one London-based cocoa futures broker said.July New York cocoa traded up $2, or 0.1 percent, at $2,945 a tonne at 1324 GMT.London July cocoa traded down 1 pound, or 0.05 percent, at 2,021 pounds a tonne after rising to 2,028 pounds, equalling Tuesday's highest level for the second position since March 9.The sources also ...

London copper slips from 5-1/2-month highs, weaker dollar supports MELBOURNE: London copper slipped on Wednesday from 5-1/2-month highs hit the session before after weak US data revived concern about global economic growth, although expectations of policy support in China and the United States cushioned losses.A widening US trade deficit may help breathe new life into commodities prices because it will temper any drive by the Federal Reserve to raise interest rates soon, keeping pressure on the dollar, said Jonathan Barratt, Chief Investment Officer at ...
Zinc hits eight-month high, copper and nickel surge LONDON: Zinc hit its highest price in eight months on Tuesday and copper its loftiest since mid-December thanks to a combination of concern about supply shortfalls and optimism over the global economy.All the metals on the London Metal Exchange (LME) attracted buying, which also pushed nickel to a six-week high, as the market reopened following a British public holiday on Monday."Commodities are bouncing back up, led by oil and iron ore. Base metals seem to ...
EU wheat at new 7-month low, Russian exports deepen bearish mood PARIS: Euronext wheat futures slipped to a fresh seven-month low on Tuesday as plans by Russia to remove an export tax as early as next week underlined stiff competition in a well-supplied world market.Egypt's purchase of Russian and Romanian wheat in a tender, coupled with falling U.S. prices and a firm euro, also showed the challenge in clinching fresh sales for western European wheat, despite a record export pace so far this season.Egypt's state grain ...
Gold up one percent as dollar pauses; focus on US jobs data LONDON: Gold rose one percent on Tuesday as the dollar paused and global shares fell ahead of U.S. non-farm payroll data later in the week that could give clues as to when the Federal Reserve will raise interest rates.Spot gold fell initially then firmed 0.8 percent to $1,197.23 an ounce by 1439 GMT. U.S. gold futures for June delivery were up $10.70 an ounce at $1,197.40."Gold was firm yesterday and is continuing the trend today, ...
White sugar adjusts down after holiday, arabicas flat LONDON: White sugar futures adjusted lower on Tuesday after a public holiday during which raw sugar tumbled 3 percent, while arabica coffee traded little changed, pressured by a weak Brazilian currency and the raising of a crop forecast by a trade house.Cocoa moved little in light volumes.White sugar adjusted to the slide in raw sugar futures seen on Monday, when London softs markets were shut for a holiday.Raw sugar futures edged up, with traders focused ...
Corn drops to 7-month low on brisk US planting PARIS/SINGAPORE: Chicago corn futures fell for a fourth consecutive session on Tuesday to hit a seven-month low, pulled down by rapid planting across the US Midwest. Wheat futures edged down to approach contract lows as favourable growing conditions underscored ample global supply, while a new tender by top importer Egypt was expected to show US supplies remained uncompetitive in the Middle East. Soybeans traded almost unchanged as the market steadied after a rally on Monday ...


Index Closing Chg%
Arrow DJIA 18,162.99 0.67
Arrow Nasdaq 5,106.59 1.47
Arrow S&P 2,123.48 0.92
Arrow FTSE 7,033.33 1.21
Arrow DAX 11,771.13 1.26
Arrow CAC-40 5,182.53 1.95
Arrow Nikkei 20,472.58 0.17
Arrow H.Seng 28,081.21 0.60
Arrow Sensex 27,564.66 0.12

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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.795 bln
Exports $1.995 bln
Imports $3.790 bln
WeeklyMay 26, 2015
Reserves $17.749 bln