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Gold up as dollar, shares slide after China, Europe data LONDON: Gold bounced back on Thursday from the previous session's losses as the dollar fell sharply and European shares dropped after weak economic data in China and Europe.A euro zone purchasing managers' index showed that while the slump in business activity eased slightly in May, it pointed to a further contraction in the second quarter. The flash HSBC purchasing managers' survey showed Chinese factory activity shrank in May for the first time in seven months.Spot gold rose 1.6 percent to $1,391.46 an ounce by 1200 GMT. US gold futures rose 1.8 percent to $1,391.30 an ounce."Expectation that China's growth is perhaps not as strong as it was, the equity rally, which has wobbled a bit just in past few hours and dollar weakness are lending support to gold," Mitsubishi analyst Jonathan Butler said.The dollar index fell 0.5 percent against a basket of currencies, mostly due to a two-week high in ...

Copper falls after China factory data hits recovery hopes LONDON: Copper reversed the week's gains, sliding as much as 3 percent on Thursday after a survey showed factory activity in top metals consumer China shrank for the first time in seven months.Benchmark three-month copper on the London Metal Exchange slid 3.2 percent to a session low of $7,233 per tonne. It failed to trade in official rings but was bid at $7,319.5 per tonne.Other industrial metals also fell, with aluminium down 1.4 percent to ...
Britain raises 2012/13 wheat import forecast LONDON: Britain's farm ministry on Thursday raised its forecast for wheat imports in the 2012/13 season (July/June) to 2.54 million tonnes from a previous projection of 2.26 million.Imports of wheat into Britain have soared this season following a poor harvest last summer. In the 2011/12 season, Britain imported 908,000 tonnes of wheat.Customs data issued last week put UK wheat imports up to the end of March at 2.12 million tonnes, more than three times the ...
Gold climbs 1.3pc as dollar index hits session lows LONDON: Gold prices rose more than 1 percent on Thursday, lifted by weakness in the dollar as it slid to session lows against a basket of currencies, with investors opting for safe-haven currencies like the yen.Spot gold was up 1.3 percent at $1,386.60 an ounce at 0846 GMT, while US gold futures for June delivery were up $18.20 an ounce at $1,385.60. Copyright Reuters, 2013 ...
Gold up on weaker dollar, stimulus hopes before Fed testimony LONDON: Gold rose on Wednesday as the dollar fell after Federal Reserve officials allayed investor concerns that the US central bank would soon reduce its bond-buying programme, while Chinese physical demand also lent some support to prices.On Tuesday, New York Federal Reserve Bank President William Dudley and St. Louis Fed chief James Bullard said that further economic progress was needed before they would support curtailing bond purchases.Spot gold reversed Tuesday's 1.3 percent losses and rose ...
Russian grain union expands 2013 grain crop forecast MOSCOW: Russian Grain Union has raised the top end of its 2013 harvest forecast range due to the good condition of winter grains, its head said on Tuesday, indicating that crop risks due to dry weather this month were limited.The union has expanded its 2013 grain harvest forecast range to 90-100 million tonnes from a previously expected 90-95 million tonnes, Arkady Zlochevsky, the head of the lobby, told Reuters.It also raised its forecast of the ...
ICE sugar near 34 month low LONDON: Raw sugar futures on ICE hovered above a 34-month low on Tuesday, as bumper crops in producers including Brazil and Mexico kept prices under pressure, while arabica coffee and cocoa futures were steady.July raw sugar futures eased 0.01 cent or 0.1 percent to 16.80 cents per lb at 1103 GMT, matching the previous session's near three-year low."The market has been in a continued downtrend since the end of last year," said Andrey Kryuchenkov, analyst ...

 



 
Index Closing Chg%
Arrow DJIA 17,827.75 0.07
Arrow Nasdaq 4,787.32 0.61
Arrow S&P 2,072.83 0.28
Arrow FTSE 6,723.42 0.09
Arrow DAX 9,974.87 0.60
Arrow CAC-40 4,382.34 0.20
Arrow Nikkei 17,248.50 0.78
Arrow H.Seng 24,004.28 0.45
Arrow Sensex 28,438.91 0.19






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