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Gold climbs as fears over Greece knock stocks, euro LONDON: Gold rose on Monday as fears over the prospect of a Greek debt default battered European shares and weighed on the euro, but it failed to maintain early sharp gains with investors wary of its longer-term outlook. European shares tumbled more than 2 percent and the single currency 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 in the wider financial markets, initially rallied to a near one-week high at $1,186.91, but later gave up some of those gains. Spot gold was up 0.3 percent at $1,178.02 an ounce at 1139 GMT, while US gold futures for August delivery were up $4.70 an ounce at $1,177.90."Gold wants to be lower, but it hasn't been lower because of what's happened (in Greece)," said Simon Weeks, head of precious metals at the ...

Nickel hits six-year low on high stocks, copper steady LONDON: Nickel prices hit their lowest in six years on Monday, falling in response to stubbornly high stockpiles and risk aversion over the Greek debt crisis, while copper steadied on hopes that China's economy is levelling out. The dollar rose against the euro, while global equities and commodities such as oil sank, evidence that investors are pricing in an increased risk that Greece could default on its debt and leave the euro after Athens failed ...
Gold edges up ahead of talks to clinch Greek debt deal LONDON: Gold edged off two-week lows on Friday on caution ahead of crunch talks on Greece this weekend, although concerns over the longer-term outlook for the metal in an environment of rising interest rates capped gains. Greece failed again to clinch a deal with its international creditors on Thursday, setting up a last-ditch effort on Saturday either to avert a default next week or start preparing to protect the euro zone from financial market turmoil. ...
Copper slips on fall in Chinese equities and Greek jitters LONDON: Copper and other base metals fell on Friday after a rout in Chinese shares and worries about Greek debt talks over the weekend.Shares in China, the world's biggest metals consumer, on Friday posted some of their worst losses in seven years."I certainly think the sharp drop in Chinese equities will have a negative effect, and that is probably the main factor today," said Nic Brown, head of commodities research at Natixis in London.Three-month copper ...
London cocoa climbs towards four-year peak, sugar also up LONDON: Cocoa futures rose on Friday, with London prices climbing back towards the previous session's four-year high, boosted by investor buying against the backdrop of a smaller than expected crop in Ghana and recent heavy rains in Ivory Coast. September London cocoa was up 11 pounds, or 0.5 percent, at 2,165 pounds a tonne by 1230 GMT. The contract peaked at 2,180 pounds on Thursday, the highest level for the second position since March 2011. ...
EU wheat up on US rains and French heatwave warning PARIS: European wheat futures rose on Thursday, buoyed by concerns of weather damage in many parts of the world, from rain-hit US crops, heavy rains in southern Russia and a heatwave in France.December milling wheat, the new-crop benchmark on Euronext, unofficially closed 0.8 percent higher at 187.75 euros a tonne after touching a two-week high of 188.25 euros."The US market is higher and in France it seems like we are heading towards some pretty hot ...
Copper steady after US data; Greek uncertainty weighs LONDON: Copper prices steadied on Thursday as strong U.S. data bolstered the prospects for economic growth, but gains were modest as investors worried about an impending slowdown in summer demand and lack of a Greek debt deal.U.S. consumer spending recorded its largest increase in nearly six years in May, further evidence that economic growth was accelerating in the second quarter.Three-month copper on the LME closed up 0.5 percent at $5,770 a tonne, recovering from a ...

 



 
Index Closing Chg%
Arrow DJIA 17,689.86 0.03
Arrow Nasdaq 5,128.28 0.01
Arrow S&P 2,103.84 0.23
Arrow FTSE 6,696.28 0.41
Arrow DAX 11,308.99 0.46
Arrow CAC-40 5,082.61 0.72
Arrow Nikkei 20,585.24 0.30
Arrow H.Seng 24,636.28 0.56
Arrow Sensex 28,114.56 1.48





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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