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Soy prices fall on plentiful supplies, wheat edges up LONDON: Soybean futures fell on Monday as the harvesting of a large US crop and a favourable outlook for South American production looked set to ensure the market was well supplied. Corn futures also eased on ample supplies while wheat edged higher as cold weather across the US increase concerns about the prospects for winter crops. January soybeans on the Chicago Board of Trade were off 0.75 percent at $10.31-1/4 a bushel at 1128 GMT. "US prices should continue to grind lower under the weight of record US production and impending record crops in South America," Morgan Stanley said in a market note on Monday. "Favorable planting economics has caused increases in soybean acreage in Brazil and Argentina at the expense of corn - driving South American production to new records.Economics suggest more corn to soybean switching is likely in 15/16." Corn prices were also lower with CBOT December off ...

Gold falls on firm dollar, China rate cut lends support LONDON: Gold edged down on Monday as the dollar steadied but prices remained near a three-week high after a surprise rate cut in China raised hopes demand for bullion in the top consumer would increase. China cut interest rates unexpectedly on Friday to support the world's second-biggest economy, and could reduce them again, according to sources. Spot gold fell 0.5 percent to $1,193.90 an ounce by 1244 GMT. It hit a three-week high of $1,207.70 ...
Turkey gets offers in 60,000 tonnes durum wheat tender HAMBURG: The lowest offer in the tender from Turkey's state grain board TMO to purchase 60,000 tonnes of durum wheat was $513.96 a tonne c&f, traders said on Monday.The offer was made for optional Canadian, Mexican or European grain, traders said.The tender closed on Friday and results are still awaited, traders said.Copyright Reuters, 2014 ...
Arabica coffee slides on USDA forecast, sugar rises LONDON: Arabica coffee on ICE fell more than 4 percent on Thursday, due to an upward revision by the USDA of Brazilian 2014/15 output, while raw sugar rose, boosted by a rise in the Brazilian real.Cocoa futures on ICE steadied, weighed by ample supplies from West African harvests.In coffee, the USDA revised up 2014/15 Brazilian output to 51.2 million 60-kg bags, a rise of 1.7 million bags compared to the previous estimate due to better ...
Gold climbs back towards $1,200/oz as price drop tempts buyers LONDON: Gold rose on Thursday as the previous day's 1 percent drop lured price-sensitive buyers, and as the dollar retreated from a seven-year high against the Japanese yen.The metal fell on Wednesday after a poll showed weaker support among Swiss voters for a referendum proposal that would force the central bank to boost its gold reserves.Appetite for physical gold sparked a reversal in that move, dealers said, with demand from buyers in Asia lifting gold ...
Copper slips on weak China data, nickel hits 5-week high LONDON: Copper slipped on Thursday as weak manufacturing in China and slower business growth in the euro zone raised concerns about demand, while nickel hit a five-week high due to expectations of an ore shortage.In top metals consumer China, growth in its vast factory sector stalled in November, with output contracting for the first time in six months, adding to signs that the economy may be losing traction.Euro zone business growth has been weaker than ...
Gold climbs back towards $1,200/oz as price drop tempts buyers LONDON: Gold rose on Thursday as the previous day's 1 percent drop lured price-sensitive buyers, though gains were limited by dollar strength after Federal Reserve minutes suggested the United States is still likely to raise interest rates next year.The metal fell sharply on Wednesday after a poll showed weaker support among Swiss voters for a referendum proposal that would force the central bank to boost its gold reserves.Appetite for physical gold sparked a reversal in ...

 



 
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Arrow FTSE 6,731.14 0.02
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Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln