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Gold prices extend slide as haven appeal dissipates LONDON: Gold prices fell on Wednesday, extending the previous day's sharp slide, as the metal's appeal as a haven from risk was hurt by speculation the US economic recovery is gaining traction and a retreat in concerns over Cyprus.Gold slid 1.4 percent on Tuesday, its biggest one-day drop since February 20, as US stocks rallied towards record highs. Firmer appetite for assets seen as higher risk, like equities, dented interest in safe-haven bullion.The metal hit its lowest since March 8 in early trade at $1,563.06, but clawed back some losses as European stocks fell.Spot gold was down 0.4 percent at $1,568.65 an ounce at 0930 GMT, while US gold futures for April delivery were down 0.5 percent at $1,568.50 an ounce."Ascribing gold weakness to equity strength is shorthand for talking about risk appetite, and there's no doubt that the ostensible solution to what's been happening in Cyprus took away some ...

Oil settles mixed on concerns about US growth, euro zone NEW YORK: Brent crude oil settled lower and US crude settled slightly higher on Tuesday as traders weighed concerns about demand and the possibility of a prolonged pipeline outage in the US Midwest.Brent crude oil rose early, then reversed to fall as much as $1 a barrel, before settling down 39 cents a barrel at $110.69. US crude fell in the morning, then rebounded to settle up 12 cents at $97.19.US crude slipped in post-settlement ...
Cotton futures rise as US stocks gains trigger automatic buying NEW YORK: ICE cotton gained on Tuesday as investors returned to buying after pushing the market to the largest one-day decline in a week and a half on profit-taking during the previous session, and strong US financial markets supported prices.The most-active May cotton contract on ICE Futures US rose 1.48 cents, or 1.7 percent, to settle at 88.87 cents per pound.US stocks rose, with the Dow Jones Industrial average up and S&P 500 near an ...
Oil settles mixed on concerns about demand, US pipeline NEW YORK: Brent crude oil settled lower and US crude settled slightly higher on Tuesday as traders weighed concerns about demand and the possibility of a prolonged pipeline outage in the US Midwest.Brent crude oil rose early, then reversed to fall as much as $1 a barrel, before settling down 39 cents a barrel at $110.69. The session low of $110 a barrel was below the 200-day moving average of $110.17.US crude fell in the ...
EU wheat down at the open in wake of US markets PARIS: European milling wheat futures fell 2 percent at the open on Tuesday at 234.00 euros per tonne in the wake of a sharp fall on US grains markets the previous day in a selloff after a bearish US government report.US wheat futures tumbled to the lowest price for a front-month contract in nine months in Chicago on Monday on spillover selling from a steep drop in corn prices.Markets were closed on Friday and Monday ...
Brent crude settles higher but posts 0.9pc Q1 loss NEW YORK: Brent crude futures edged up on Thursday, in choppy trading during the last session of the first quarter, as rising share prices on Wall Street and the weaker dollar helped lift dollar-denominated oil prices.Brent May crude rose 33 cents, or 0.30 percent, to settle at $110.02 a barrel, having traded from $108.98 to $110.10.For the quarter, Brent posted a loss of $1.09, or 0.9 percent.<Center><b><i>Copyright Reuters, 2013</b></i><br></center> ...
Corn hovers near 7-week high as USDA report awaited PARIS/SYDNEY: US corn futures were little changed on Thursday, hovering close to a seven-week high as the market braced itself for closely watched US grain stocks and planting estimates.Corn has rallied this week on expectations that the US Department of Agriculture will show reduced stocks, sentiment reinforced by a sharp drop in ethanol stocks that suggested corn demand was robust. Wheat rose to set a new five-week high on worries that a freezing weather could ...

 



 
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