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Supply to flood copper market in 2015, weighing on prices LONDON: Copper prices face pressure next year due to a growing global surplus, as tepid demand from top consumer China fails to soak up surging supply from new and existing mines, a Reuters poll showed.The average forecast for 2015 cash copper prices from 25 market participants was $6,724.03 a tonne, down 0.5 percent from a similar forecast in July.For 2014, analysts expect prices to average $6,887.60 a tonne, down 0.2 percent from a previous forecast and almost 6 percent lower compared with average prices in 2013.The outlook for copper prices has worsened due to expectations of an increasing market surplus. Analysts predict this year's surplus will be in the region of 94,300 tonnes, before ballooning to 350,000 tonnes in 2015."We see a looser market in the second half of the year as we expect a lower level of Chinese imports and mine supply will be growing strongly," said Caroline Bain, ...

Gold climbs above $1,240/oz as European stocks retreat LONDON: Gold snapped two days of losses to rise on Monday as renewed weakness in European stocks boosted interest in the metal as an alternative asset, though a tentative recovery in risk appetite on other markets limited its gains.The metal rebounded sharply after falling to its lowest in over a year earlier this month, as jitters over growth prompted stock markets to sell off aggressively.A bounce in equities after upbeat housing and consumer sentiment data ...
LME to offer more electronic liquidity on monthly dates LONDON: The London Metal Exchange (LME) plans to offer more liquidity on on its electronic platform to attract more investment from speculators and funds, a top official said on Monday.The world's biggest and oldest industrial metals market will soon release proposals about adding liquidity on the so-called "Third Wednesday" contract expiration dates, Matthew Chamberlain, head of business development, told a seminar at the start of LME Week."We will shortly be going out to the market ...
Corn prices edge higher, plentiful supply limits upside LONDON: Chicago corn futures crept higher on Friday, boosted by delays to the US harvest, but the run-up in prices earlier in the week appeared to be losing momentum and soybeans were lower. Wheat futures edged up with prices in the European Union supported by the current strong pace of exports. December corn on the Chicago Board of Trade rose 0.1 percent to $3.52-1/2 a bushel by 1139 GMT. The front month hit a six-week ...
Copper, base metals rebound but still vulnerable LONDON: Industrial metals rebounded on Friday, taking a pause after heavy losses this week, but analysts cautioned that markets were still on edge and vulnerable to deeper losses. Copper was the weakest metal, bouncing slightly after hitting six-month lows on concern about a surge of mine supply swamping the market. The rise in other metals was stronger, along with other global financial markets, following signs of strength in the US economy and reassuring words from ...
Gold set to post weekly gain on uncertain US rate outlook LONDON: Gold inched down on Friday as shares rebounded, but was still set for a second straight weekly gain as concerns over the global economy have raised speculation the US Federal Reserve could keep interest rates low for longer. Spot gold was down 0.1 percent at $1,237.35 an ounce by 1346 GMT.The metal is up about 1.4 percent for the week after reaching a one-month high of $1,249.30 on Wednesday. US gold futures were down ...
Cocoa rises after strong N. American grind, sugar dips LONDON: Cocoa futures on ICE rose on Friday after stronger than expected North American grind data, and on worries Ebola could disrupt supplies from West Africa, while sugar eased due to a huge overhang of supplies.Arabica coffee on ICE fell in technically driven dealings, correcting after the previous session's gains, with attention focused on weather risks to Brazil's 2015/16 output after a prolonged dry spell.December cocoa on ICE was up $24, or 0.8 percent, at ...


Index Closing Chg%
Arrow DJIA 16,790.19 0.08
Arrow Nasdaq 4,748.36 0.69
Arrow S&P 1,979.92 0.36
Arrow FTSE 6,326.16 0.43
Arrow DAX 9,902.83 0.90
Arrow CAC-40 4,660.64 0.95
Arrow Nikkei 18,186.10 1.00
Arrow H.Seng 21,831.62 0.10
Arrow Sensex 26,932.88 0.55

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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 05, 2015
Reserves $18.349 bln