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Wheat higher on rain risks, soy steady after 7-month low PARIS/SINGAPORE: US wheat futures rose on Thursday as forecasts for more rain in the southern Plains growing belt kept the focus on possible damage to maturing wheat crops.Soybeans edged higher as the market steadied after a seven-month low a day earlier linked to near-perfect weather across the U.S. Midwest. Corn was also firm after a one-week low.A fall in the dollar after a two-week high against a range of currencies, as well as strengthening crude oil prices, lent some support to U.S. grain futures.Chicago Board Of Trade front-month soft red winter wheat was up 0.8 percent to $5.17 a bushel by 1110 GMT, while the spot Kansas hard red winter wheat contract added 0.5 percent to $5.47-3/4."Weather forecasters continue to expect more rain, and so few opportunities for saturated soils to dry, over the next week or so in U.S. hard red winter wheat regions," Tobin Gorey, director of agricultural ...

Weak dollar, China hopes push copper up off 3-week low LONDON: Copper edged up on Thursday from the previous session's three-week low, helped by a weaker dollar and by hopes that a soft Chinese manufacturing reading will spur Beijing to do more to stimulate the world's No. 2 economy.The metal was also supported by inventory data. LME stocks dropped to 332,225 tonnes on Thursday and have generally stayed level since late March - calling into doubt bets that the market will move into strong surplus ...
EU wheat prices rise on weak euro, crop concerns LONDON: European wheat prices rose on Wednesday, boosted by euro weakness and concerns about potential crop damage in the United States and Russia. December milling wheat, the new-crop benchmark and most active contract on the Paris Euronext exchange, closed 1.75 euros or 1.0 percent higher at 181.75 euros a tonne. It earlier reached 182.00 euros, just shy of Monday's three-week peak of 182.25 euros. The US market saw some gains, led by Kansas hard red ...
Gold prices edge higher ahead of Fed minutes LONDON: Gold edged higher on Wednesday, recovering some lost ground after the previous session's slide, but gains were muted as the dollar strengthened ahead of minutes from the Federal Reserve's latest policy meeting.The metal slid sharply on Tuesday, posting its biggest one-day loss since April 30, as the dollar rebounded from its weakest run against the euro in four years.Spot gold was up 0.3 percent at $1,211.18 an ounce at 1400 GMT, while U.S. gold ...
Cocoa dips, near 7-month high, coffee eases LONDON: New York cocoa futures dipped on Wednesday from the prior session's 7-month peak, pressured by a firmer dollar, while raw sugar eased, weighed down by big stocks, and coffee edged lower.New York cocoa futures on ICE, supported by concerns over supplies in No. 2 grower Ghana, dipped under pressure from the stronger dollar against a basket of currencies, making dollar-based contracts more expensive in other currencies.Ghana estimates its 2014/15 cocoa season output will be ...
US soy slumps to 7-month low as supplies seen plentiful LONDON: Chicago soybean futures fell to a 7-month low on Wednesday with the faster-than-normal pace of plantings in the United States adding to concerns about excess supplies.Corn and wheat prices were also lower."We have good planting progress in the U.S. and ... if we don't see a major weather event we will have plenty of soybeans in the U.S. as well as worldwide," said Stefan Vogel, Head of Agri Commodity Markets research for Rabobank."Going from ...
Gold slides as dollar strengthens ahead of Fed minutes LONDON: Gold fell on Wednesday, extending the previous session's slide, as the dollar strengthened ahead of minutes from the Federal Reserve's latest policy meeting, which will be scrutinised for clues on the U.S. rate outlook.The metal slid sharply on Tuesday, posting its biggest one-day loss since April 30, as the dollar rebounded from its weakest run against the euro in four years.Spot gold was down 0.1 percent at $1,206.05 an ounce at 0925 GMT, while ...

 



 
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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%
MonthlyMay
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 01, 2015
Reserves $18.5 bln