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Copper slides on fund selling as China worries mount LONDON: Copper slid on Thursday, pressured by fund selling as worries about slowing demand growth in China outweighed falling stocks and output cuts. Benchmark copper on the London Metal Exchange fell 1.1 percent to $5,130.5 a tonne by 0952 GMT. Prices were weighed down by renewed concerns about demand in China, which consumes nearly 50 percent of global copper. The impact of the Chinese economic slowdown was highlighted on Thursday by data showing that German exports for August marked their sharpest decline since the height of the global financial crisis. China and other emerging economies are major export markets for Germany. The data prompted funds to sell according to traders. "Fund positioning is being adjusted," said Wiktor Bielski, head of commodity research at VTB Capital. "We've had extremely negative positioning. It has also been extremely volatile as people have shifted positions very rapidly." Market sentiment was further dampened when Canaccord ...

Gold slides on firmer dollar, equity rally LONDON: Gold slid lower on Wednesday, under pressure from a firmer dollar and a rally in equity markets but losses were capped by growing expectations that the Federal Reserve will delay raising interest rates until next year. Spot gold fell 0.3 percent to $1,142.90 an ounce by 1419 GMT, after earlier touching $1,152.90, its highest level since Sept. 24. Prices were weakened by gains in global equities, triggered by higher crude oil prices and an ...
Copper hits 2-week high on deficit forecast, rising oil LONDON: Copper hit a two-week high on Wednesday, driven by rising oil prices and an industry group's forecast for a deficit of the metal next year, although the overall demand outlook remained weak. The rise in oil prices made commodity basket funds that include copper more attractive and powered a rally in global equities, seen by some as a proxy for economic growth. The International Copper Study Group said late on Tuesday that it expects ...
Sugar eases, near 7-month high, cocoa rises LONDON: ICE raw sugar futures edged down on Wednesday, retreating from a seven-month peak touched earlier this week and pressured by risks that India could renew export subsidies. Cocoa futures rose on technical buying, with a strong pound triggering buying of the New York market, while worries over dry weather and political risk in top grower Ivory Coast underpinned prices. Coffee futures were little changed in light volumes.March raw sugar was down 0.05 cent, or ...
French July-Aug wheat exports outside EU up 24pc PARIS: French soft wheat exports outside the European Union reached 749,164 tonnes in August, led by shipments to top market Algeria, confirming a brisk start to the 2015/16 export season, customs data showed on Wednesday. The August volume took exports since the start of the season on July 1 to 1.43 million tonnes, 24 percent higher than in the year-earlier period, the data showed. However, traders say the strong activity in the opening weeks of ...
Glencore plays down impact of possible debt rating downgrade LONDON: Commodity group Glencore, whose shares have been hammered by worries about its debt burden, sought to assure investors that the impact of any credit rating downgrade on its debt profile would be modest. Glencore has investment-grade credit ratings, of BBB from Standard and Poor's and Baa2 by Moody's Investors Services, but some analysts and investors have speculated about a possible downgrade if hard-hit commodity prices remain weak. Both agencies have Glencore on negative outlook ...
Gold steadies on softer dollar, views on Fed's rate rise LONDON: Gold steadied on Tuesday as the dollar eased after a poor US jobs number last week rattled markets, raising doubts over a Federal Reserve rate rise this year.Spot gold ticked up 0.2 percent to $1,137.45 an ounce by 1011 GMT. Prices rose to a one-week high above $1,140 in the previous session, supported by a weaker dollar. The metal is still largely holding on to Friday's 2.2 percent jump, the biggest one-day rise since ...


Index Closing Chg%
Arrow DJIA 17,084.49 0.20
Arrow Nasdaq 4,830.47 0.41
Arrow S&P 2,014.89 0.07
Arrow FTSE 6,416.16 0.65
Arrow DAX 10,096.60 1.04
Arrow CAC-40 4,701.39 0.54
Arrow Nikkei 18,438.67 1.64
Arrow H.Seng 22,458.80 0.46
Arrow Sensex 27,079.51 0.87

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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 08, 2015
Reserves $20.05 bln