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Copper steadies along with dollar, nickel slides LONDON: Copper prices steadied on Monday, after earlier touching their lowest level in almost three months, as the dollar pulled back from an earlier four-year high against a basket of currencies. Nickel slid as inventories piled up to another record high. Benchmark copper on the London Metal Exchange (LME) was up 0.35 percent at $6,740 by 1449 GMT after falling to a session low of $6,666 a tonne, its weakest since June 16. The dollar was still near multi-year highs against the yen, euro and a basket of currencies. After a three-month rally, the dollar index has gained more than 7 percent this year. A buoyant dollar puts pressure on commodities priced in the US currency, making them more expensive for buyers outside of the United States. "I strongly think that the dollar will remain strong and this is going to keep the pressure on the demand side for metals," ...

Russia's wheat prices fall, pressured by global market MOSCOW: Russian wheat export prices fell last week and are expected to continue declining this week as local traders seek to stay competitive with the low prices of major global rivals, analysts said on Monday. Russia, one of the world's largest wheat exporters, has been less competitive in its traditional export markets in recent weeks due to strong domestic demand. Its prices have been relatively high despite a near record harvest and weakening of the ...
Gold falls on strong dollar, heads for 4th week of losses LONDON: Gold dropped on Friday, heading for its fourth weekly loss in a row, as investors remained wary that a strong dollar and rebounding shares could drive prices through an important support level at $1,200 an ounce. Spot gold was down 0.7 percent at $1,214.95 an ounce by 1431 GMT, while US gold futures lost $7.40 to $1,214.50 an ounce. The metal fell to a nine-month low of $1,206.85 on Thursday, before rebounding due to ...
ICO sees coffee market in deficit this season and next LONDON: Global coffee production is expected to fall short of demand in both this crop year and next, the International Coffee Organization's head of operations said on Friday.Mauricio Galindo told a news conference that the ICO expected a deficit in arabica coffee of some 4 to 5 million 60-kg bags in the current season to March 2015. A drought in Brazil earlier this year has eroded production prospects in the world's top producer, and stock ...
Gold set to snap 3-week losing streak, dollar weighs LONDON: Gold edged up on Friday, looking set to snap a three-week losing streak, as equity markets slipped, but investors remained wary that a strong dollar could drive prices down again to break an important support level of $1,200 an ounce. Spot gold was up 0.1 percent at $1,223.10 an ounce by 0959 GMT and on track for a 0.6 percent weekly gain. US gold futures gained $1.50 to $1,223.50 an ounce. The metal fell ...
Copper up but eyes weekly loss on expected supply surge LONDON: Copper rose on Friday on near term supply tightness, but remained near recent three-month lows on worries over an expected supply surge and weak demand from top consumer China. Indicating tight near term supply, cash copper traded at a premium of $46 a tonne to the three month price - not far off a recent high of $53 a tonne, which was the widest spread since June. For the first six months of the ...
Wheat falls on improving supply outlook, soy also lower LONDON: Chicago wheat prices fell on Friday towards more than four-year lows set the previous day, with the prospect of a record global crop this season keeping markets on the defensive. Soybeans prices also weakened for a second day while corn was largely unchanged near its lowest in four years as dry weather across the US Midwest gave farmers an opportunity to accelerate the pace of harvest. December wheat on the Chicago Board of Trade ...

 



 
Index Closing Chg%
Arrow DJIA 16,677.90 1.32
Arrow Nasdaq 4,452.79 1.60
Arrow S&P 1,950.82 1.23
Arrow FTSE 6,419.15 0.30
Arrow DAX 9,047.31 1.20
Arrow CAC-40 4,157.68 1.28
Arrow Nikkei 15,138.96 0.37
Arrow H.Seng 23,333.18 0.30
Arrow Sensex 26,851.05 0.24





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 23, 2014
Reserves $13.465 bln