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Oil prices approach $100 in commodity selloff NEW YORK: Brent oil pared losses after plunging $3 to hover near $100 a barrel on Monday, extending a two-week selloff that has knocked nearly 10 percent off prices as part of a wider flight by investors from commodities.Gold racked up the biggest two-day loss in 30 years while Brent crude fell for the eighth time in 10 sessions, in what analysts said were indications that a host of weak fundamental signals dominated sentiment.In the United States, crude oil stockpiles have ballooned to 30-year highs as domestic output surges, with no end in sight. Global demand has struggled due to economic uncertainty in top consuming nations.Against the background of looser fundamentals, lower-than-expected GDP growth from No. 2 oil consumer China rattled the commodity complex further on Monday, and nearly pushed Brent below $100 a barrel for the first time since July 2012."The selloff is long overdue and is a reflection ...

Gold sinks under $1,400 LONDON: Gold's hefty losses picked up pace on Monday, dropping to its lowest since March 2011, and investors slashed exposure to commodities for a second day after underwhelming Chinese data signalled a setback for the global economy.The precious metal slid further into bear territory, dropping by more than $30 in a matter of minutes at one point. Losses widened to more than 6 percent as prices breached support at $1,400 per ounce after sliding 5.3 ...
Copper falls to lowest in nearly 1-1/2 years at $7,106 tonnes LONDON: Copper fell to its lowest in nearly a year and a half on Monday after disappointing figures from top consumer China and weak US data last week increased worries about a global growth slowdown.Three month copper on the London Metal Exchange fell to $7,106 a tonne, its lowest since Nov. 24, 2011.Copyright Reuters, 2013 ...
Spot gold falls below $1,400 per ounce; hits 2-year low LONDON: Spot gold extended its dramatic slide on Monday, slipping below $1,400 per ounce for the first time since March 2011, as immense selling pressure prompted investors to further slash positions.By 1001 GMT, spot gold was down 6.3 percent at $1,384.69 per ounce - its lowest since March 2011. Copyright Reuters, 2013 ...
Aluminium drops to 3-1/2 year low, tracking falls in base metals LONDON: Aluminium prices fell to their lowest level in 3-1/2 years on Monday, tracking falls across base metals as lower-than-expected growth figures from major consumer China raised fears about the outlook for demand.Benchmark aluminium on the London Metal Exchange fell to $1,818 a tonne, its lowest level since early October 2009. Copyright Reuters, 2013 ...
European wheat hits 11-week high on US weather concerns AMSTERDAM: European wheat futures rose to an 11-week high on Friday as old-crop prices broke technical resistance on concerns about frost damage to US wheat.Front-month May milling wheat on the Paris futures market was up 3.50 euros or 1.43 percent at 249.00 euros a tonne by 1555 GMT.In early trade it broke chart resistance around 247 euros to climb as high as 250.00 euros, a level last seen on the contract on Jan. 23. It ...
ICE raw sugar nears weekly gain on Brazil harvest rain NEW YORK/LONDON: Raw sugar futures on ICE climbed on Friday, heading for their largest weekly gain in a month, underpinned by a slow start to Brazil's harvest caused by rain and heavy trading of the May/July spread.Cocoa hit multi-month highs on short-covering, while arabica coffee fell amid mixed trading.Delays to the early stages of the harvest in top sugar grower Brazil supported the front-month contract. Its premium has widened to 0.19 cent over July <SB-1=R> ...

 



 
Index Closing Chg%
Arrow DJIA 16,677.90 1.32
Arrow Nasdaq 4,452.79 1.60
Arrow S&P 1,950.82 1.23
Arrow FTSE 6,419.15 0.30
Arrow DAX 9,047.31 1.20
Arrow CAC-40 4,157.68 1.28
Arrow Nikkei 15,138.96 0.37
Arrow H.Seng 23,333.18 0.30
Arrow Sensex 26,851.05 0.24





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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
WeeklyOctober 23, 2014
Reserves $13.465 bln