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Gold rises but outlook clouded by lower investment LONDON: Gold rose on Wednesday as physical demand encouraged speculative buying after the previous session's drop, while support also came from weak German economic data which fuelled prospects the European Central Bank (ECB) could cut interest rates.Investor confidence is still reeling from gold's spectacular falls and outflows from exchange-traded funds show no signs of abating, although demand for gold bars and coins surged after prices plunged to their weakest in more than two years on April 16."There has been quite a lot of support coming from the physical demand, which has been extremely strong since the sell-off and I think that will continue in coming sessions, putting a floor to prices around $1,400," said Peter Fertig, consultant at Quantative Commodity Reaserch.Spot gold rose 1.2 percent to $1,429.26 an ounce by 1413 GMT, after falling for the first time in six sessions on Tuesday. Gold sank a combined $225 on April ...

Mexico 2012/13 coffee crop seen down 10pc MEXICO CITY: Mexico's current coffee harvest is expected to shrink 10 percent compared with the previous crop, in part because of the spread of the roya fungus, a top official with the agriculture ministry told Reuters on Tuesday.Coffee output in Mexico, the region's third-biggest producer, will total 3.9 million 60-kilogram bags during the current 2012/2013 season, down from 4.3 million bags produced during the previous season, said Belisario Dominguez, head of the ministry's productivity and ...
Oil hovers around $100 as Chinese, German data disappoint NEW YORK: Brent crude oil edged down on Tuesday in reaction to weak manufacturing data in China and Europe, but it closed above $100 a barrel for the second straight day as it drew some support from strong gains in US equity markets. The flash HSBC Purchasing Managers' Index fell to 50.5 in April from 51.6 a month earlier as new export orders shrank in China.The PMI's 50-point level divides growth from contraction from ...
Cotton futures fall to 2-month low as investor selling continues NEW YORK: ICE cotton fell to a nearly two-month low on Tuesday as investors were seen continuing to liquidate long positions ahead of spot contract expiry, taking profits following a rally to a one-year high last month.The most-active July cotton contract on ICE Futures US closed down 1.05 cents, or 1.2 percent, settling at 85.10 cents per pound.The price fell as low as 84.85 cents per lb, the lowest level since late February, in late-session ...
Arabica coffee tumbles on weak charts; robusta follows NEW YORK/LONDON: Arabica coffee futures on ICE sank more than 4 percent on Tuesday, briefly triggering a circuit breaker, while Liffe robusta coffee hit the lowest level in nearly three months, on sell signals after dropping below technical levels.Cocoa futures climbed to four month highs as the charts remained bullish, with both ICE Futures US and Liffe markets later paring gains. Sugar was little changed.ICE July arabica coffee futures closed down 5.55 cents, or 3.9 ...
Gold falls on stronger dollar LONDON: Gold dropped on Tuesday after the outflow from the biggest gold exchange-traded fund (ETF) accelerated, indicating investors' weakening confidence in the precious metal, and as a stronger dollar put pressure on prices. The metal retreated from the previous session's one-week high as investors were nervous about holding onto positions for any length of time, traders said. Ardent gold bulls were caught out last Monday when gold posted its biggest-ever daily loss in dollar terms. ...
European vegoils ease more on good US weather ROTTERDAM: The European vegetable oils market continued to ease on Monday following improved weather in the US coupled with slack demand which pressured the CBOT soycomplex."The weaker levels caused some bargain hunting on the European cash market but buyers were generally cautious because a gloomy global economic outlook and concerns for renewed growth of still huge palm oil stocks could pressure prices further," one broker said.At 1630 GMT CBOT soyoil futures were between 0.70 and ...

 



 
Index Closing Chg%
Arrow DJIA 17,042.90 0.17
Arrow Nasdaq 4,493.39 0.28
Arrow S&P 1,972.29 0.28
Arrow FTSE 6,622.72 0.36
Arrow DAX 9,474.30 0.55
Arrow CAC-40 4,416.24 1.33
Arrow Nikkei 16,173.52 0.84
Arrow H.Seng 22,932.98 1.28
Arrow Sensex 26,630.51 0.13





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklySeptember 25, 2014
Reserves $13.305 bln