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Cocoa, sugar, coffee slide on firmer dollar LONDON: Cocoa, sugar and coffee prices slid in sympathy with other commodity markets on Monday, pressured by a stronger dollar, with the cocoa trade digesting a weak North American grind and sugar pressured by plentiful supplies. The softs complex followed oil prices down. Crude fell towards $62 a barrel on the strong dollar and as Saudi Arabian Oil Minister Ali al-Naimi said production would stay around 10 million barrels per day in April.New York cocoa fell on the stronger dollar, which makes dollar-denominated commodities more expensive in other currencies. Traders also took stock of a 5.8 percent drop in first-quarter North American grindings, a measure of demand. "I am surprised that there was not more reaction in the market last week from Thursday's North American grind, but I imagine that today's market is much more of a dollar story," said Hamish Smith, commodity analyst with Capital Economics. Capital Economics said ...

Gold below $1,200 on steadier dollar; eyes on Greece, China LONDON: Gold fell below $1,200 an ounce on Monday as the dollar steadied, while traders assessed risks that Greece may default and China's new policy measures to shore up the world's second-largest economy. Spot gold was down 0.6 percent at $1,196.63 an ounce by 1413 GMT, while US gold futures for June delivery fell $6.50 to $1,196.60 an ounce. The dollar was up 0.3 percent versus a basket of leading currencies on Monday, having suffered ...
Copper retreats after push to three-week peak LONDON: Copper jumped to a three-week high on Monday after China eased monetary policy to stimulate a slowing economy, only for prices to reverse as hopes of stronger demand receded. Three-month copper on the London Metal Exchange hit $6,173 a tonne, the highest since March 26, before falling to $6,000 a tonne at 1441 GMT, down 1 percent on the previous close. China's easing, though more aggressive than expected, had been expected and so was ...
Russian wheat lowest in Iraq's 50,000 tonnes hard wheat tender HAMBURG: Russian wheat was offered lowest at $242.60 a tonne c&f free out (ciffo) in the tender from Iraq's state grains board to buy at least 50,000 tonnes of hard wheat, European traders said on Monday.The tender closed on Monday and offers must remain valid up to Thursday, April 24, traders said. No purchase had yet been made, they said.Copyright Reuters, 2015 ...
Gold pares gains after US inflation data LONDON: Gold pared gains on Friday, heading for a second weekly drop, after data showing US consumer prices rose in March tempered speculation the Federal Reserve will delay its first interest rate rise in nearly a decade. The metal held above the $1,200 an ounce level, however, which it broke above earlier this week after a run of downbeat US data led analysts to reassess expectations the Fed would raise rates in June. Spot gold ...
London tin set for 11 pct weekly loss as demand falters MELBOURNE: London tin capitulated to more than five-year lows on Friday and is on track for a brutal 11 percent weekly fall, as growing supply from Myanmar and torpid demand punish prices.Tin has given up nearly a quarter of its value this year, and the price fall is likely to trigger production cuts at some smelters in top exporter Indonesia and also in China, industry group ITRI said on Thursday. "I'm selling a bit more ...
Copper climbs on rally in Chinese shares, stimulus hopes LONDON: Copper notched up its strongest gain in four weeks on Thursday on a rally in Chinese stocks and hopes for more stimulus to boost the economy of the world's top metals consumer.Three-month tin on the London Metal Exchange ended at $15,000 a tonne from $15,900 at the close on Wednesday. Worries about an oversupplied market earlier pushed tin down more than 7 percent to $14,705, the lowest since November 2009.Lead and zinc touched four-month ...

 



 
Index Closing Chg%
Arrow DJIA 18,080.14 0.12
Arrow Nasdaq 5,092.09 0.71
Arrow S&P 2,117.69 0.23
Arrow FTSE 7,070.70 0.24
Arrow DAX 11,810.85 0.74
Arrow CAC-40 5,201.45 0.44
Arrow Nikkei 20,020.04 0.83
Arrow H.Seng 28,060.98 0.84
Arrow Sensex 27,437.94 1.07





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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%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln