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Gold steadies ahead of Fed meeting as stocks, dollar ease LONDON: Gold steadied on Monday ahead of this week's Federal Reserve meeting, with a retreat in the dollar and a softer tone to stock markets after downbeat German economic data helping the metal stabilise after three days of losses.The precious metal fell 0.5 percent last week as global equities posted their biggest weekly percentage gain since July 2013, while the U.S. dollar also strengthened.Spot gold was at $1,229.70 an ounce at 1456 GMT, little changed from $1,230.95 late on Friday, while U.S. gold futures for December delivery were down $2.60 an ounce at $1,229.20.Gold's outlook this week will depend largely on the Fed policy meeting, when the U.S. central bank is widely expected to end its bond-buying stimulus programme, known as quantitative easing.The Fed's two-day meeting, which begins on Tuesday, will also be watched for clues on whether any slowdown in Europe or elsewhere could affect the central bank's monetary ...

Copper up on strike action, weaker dollar LONDON: Copper rose on Monday on news of planned strike action in Indonesia and Peru and as the dollar fell following results of European bank health checks, though gains were limited by an expected surge in supply of the metal next year.Also helping copper were rumours that China's State Reserve Board (SRB) has resumed purchasing copper. China consumes about 45 percent of the world's copper.The dollar fell versus the euro following the results of bank ...
Gold steadies as stock markets, dollar drift lower LONDON: Gold prices steadied on Monday as a retreat in the dollar and a softer tone to stock markets after downbeat German economic data helped the metal snap three straight days of losses.The precious metal fell 0.5 percent last week as global equities posted their biggest weekly percentage gain since July 2013, while the U.S. dollar also strengthened.Spot gold was at $1,230.26 an ounce at 1047 GMT, little changed from $1,230.95 late on Friday, while ...
Brent oil drops below $86 after Goldman cuts forecasts LONDON: Brent crude oil fell below $86 a barrel on Monday after Goldman Sachs slashed its price forecasts, citing abundant supply and lacklustre demand despite a pick-up in global economic growth.The US investment bank said in a research note on Sunday that it had cut its forecast for Brent to $85 a barrel from $100 for the first quarter of 2015 and reduced its projection for US crude to $75 from $90.The bank said Brent ...
LME copper drifts lower as supply pick-up pressures prices SYDNEY: London copper drifted on lower Monday after closing last week little changed, as a strike at Peru's biggest copper mine failed to undercut confidence that improving supply will eclipse a seasonal uptick in demand.China's copper product makers typically ramp up ahead of the Christmas and Lunar New Year gift-giving seasons, but demand has been fragile this year due to flickering growth in the euro zone that is a further drag on already slowing activity ...
EU wheat retreats with Chicago after touching 6-week high PARIS: European wheat prices fell back in late trade on Friday as traders booked profits after U.S markets failed to hold a six-week high touched earlier in the day.By 1520 GMT, benchmark January on Paris-based Euronext milling wheat futures was down 1.70 euros, or 1 percent, at 167.75 euros a tonne after touching a six-week high of 172.25 euros in earlier trade.Chicago front-month December wheat was down 0.5 percent lower to $5.24-1/4 per bushel after ...
Gold edges up but set for weekly loss on dollar, data LONDON: Gold inched up on Friday as European shares fell but was set to close down for the week due to a firm dollar and robust economic data that dented demand for the metal as an insurance against risk. Spot gold was up 0.1 percent at $1,233.10 an ounce by 1157 GMT, after slipping more than 1 percent in the previous two sessions. US gold futures were up 0.3 percent at $1,233.00 an ounce. Following ...

 



 
Index Closing Chg%
Arrow DJIA 16,058.35 2.84
Arrow Nasdaq 4,636.11 2.94
Arrow S&P 1,913.85 2.96
Arrow FTSE 6,058.54 3.03
Arrow DAX 10,015.57 2.38
Arrow CAC-40 4,541.16 2.40
Arrow Nikkei 18,165.69 3.84
Arrow H.Seng 21,185.43 2.24
Arrow Sensex 25,696.44 2.23





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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln