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Aluminium gains on hopes for China demand, Greek deal LONDON: Most base metals rose on Wednesday on hopes that demand would recover in China and that Greece would eventually agree a bailout with creditors. There was also some buying by investors who took profits from short positions over the past two days when some metals hit multi-year lows and others who saw the low prices as good value. Metals joined euro zone stocks and peripheral bonds in climbing after Greece said it was ready to accept a bailout offer from its international creditors if some conditions were changed. "There's a recognition that even in the worst scenario, if Greece leaves the euro zone, it's not necessarily going to have a deep negative impact on global growth, which is ultimately what commodities are interested in," said Caroline Bain, senior commodities economist at Capital Economics. Three-month aluminium on the London Metal Exchange traded up 0.9 percent at $1,706 a tonne in ...

Wheat holds near 6-month high on weather woes, USDA data awaited PARIS/SINGAPORE: Chicago wheat held near a six-month high on Tuesday as the market continued to worry over a rain-hampered US harvest and harsh weather in other wheat exporting countries. Gains were limited by a stronger dollar and a cautious mood in the run-up to closely followed US government planting and stocks estimates due at 1600 GMT. But wheat was still on course to record its biggest monthly rise in five years. Corn moved higher to ...
Nickel hits six-year low on Shanghai Exchange move, copper steady LONDON: Nickel hit a six-year low on Monday as the Shanghai Futures Exchange (ShFE) approved three new nickel brands for delivery against its contracts, and as persistently high stockpiles and risk aversion over Greece weighed on the market.Copper bucked the wider downward trend in metals, rising on hopes that China's economy is levelling out.The dollar rose against the euro, while equities and commodities such as oil sank as investors priced in an increased risk that ...
Gold steadies as Greece fears offset by weaker euro LONDON: Gold steadied on Monday, giving up early gains as the prospect of a Greek debt default, which hit European shares, was offset by a strengthening dollar and wariness among investors over the metal's longer-term outlook.European shares tumbled more than 2 percent in early trade and the euro 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 ...
Raw sugar rallies on short covering, arabicas fall LONDON: Raw sugar futures on ICE rallied on short covering on Monday, while a stronger dollar fueled by the Greek debt crisis weighed on cocoa and coffee.July raw sugar futures on ICE reversed earlier losses and were up 0.19 cents or 1.6 percent at 11.86 cents a lb at 1357 GMT. Most-active October was up 0.14 cent or 1.2 percent at 12.09 cents a lb.Dealers said they expected a modest delivery tonnage against expiry of ...
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 ...
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 ...

 



 
Index Closing Chg%
Arrow DJIA 17,730.11 0.16
Arrow Nasdaq 5,009.22 0.08
Arrow S&P 2,076.78 0.03
Arrow FTSE 6,630.47 0.33
Arrow DAX 11,099.35 0.73
Arrow CAC-40 4,835.56 0.98
Arrow Nikkei 20,522.50 0.95
Arrow H.Seng 26,282.32 0.12
Arrow Sensex 27,945.80 0.27





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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