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Raw sugar rebounds from more than four-year low LONDON: ICE raw sugar extended its bounce off a more than four-year low on Thursday, with low prices expected to have stimulated some demand.Arabica coffee slipped after rain was forecast in top grower Brazil, while ICE cocoa added to recent gains.Concerns over the quality of Thai sugar expected to be delivered against the October raw sugar contract have weighed on futures prices in recent weeks, but dealers said the market may have reached levels low enough to stimulate offtake."The oversold condition of the markets perhaps prompted the rebound as well as the rumours about China taking up some of the slack in Thai availability for the October delivery," said Nick Penney of brokerage Sucden Financial."It may also be that a receiver among the trade houses has emerged to take it on."However, Penney added that the rally could also be "merely a correction" to an oversold market.ICE October raw sugar futures ...

Copper, base metals slip as Fed rates outlook boosts dollar LONDON: Copper and other base metals slipped on Thursday, pressured by a sharp rise in the dollar after the U.S. Federal Reserve signalled interest rates could rise faster than expected.Three-month copper on the London Metal Exchange (LME) slid 1.1 percent to $6,851.25 a tonne by 1437 GMT, reversing small gains in the previous session.The U.S. central bank on Wednesday renewed its pledge to keep interest rates near zero for a "considerable time", but also indicated ...
Gold sinks to 8-1/2 month low after Fed raises rate projections LONDON: Gold touched its lowest level in 8-1/2 months on Thursday as the dollar jumped to a four-year peak after the Federal Reserve indicated it could raise borrowing costs faster than expected when it starts moving.The Fed on Wednesday renewed its pledge to keep interest rates near zero for a "considerable time", but its new rate projections suggested officials were positioning themselves for a potentially faster pace of rate hikes than they had envisioned when ...
Copper falls as Fed rates outlook lifts dollar LONDON: Copper slipped on Thursday, pressured by a sharp rise in the dollar after the U.S. Federal Reserve signalled interest rates could rise faster than expected.Three-month copper on the London Metal Exchange (LME) slipped 0.4 percent to $6,902 a tonne at 0958 GMT, reversing small gains in the previous session.The U.S. central bank on Wednesday renewed its pledge to keep interest rates near zero for a "considerable time", but also indicated it could raise borrowing ...
US corn, wheat ease on stronger dollar, soy edges up LONDON: US corn and wheat prices were slightly lower on Thursday weighed by a stronger dollar while soybeans edged up buoyed by demand from China.Dealers said corn and wheat prices were, however, holding above contracts lows set earlier this week with a decline driven by expectations of plentiful supplies following this year's harvest appearing to have at least temporarily abated.December corn futures on the Chicago Board of Trade were off 0.15 percent at $3.41-1/4 a ...
Record high aluminium premiums lift 2015 cost outlook LONDON: Aluminium supply contracts for consumers in Europe are likely to almost double next year as spot market premiums the cost to get metal immediately rise to record highs on rising demand and supply cutbacks. Premiums, paid over the London Metal Exchange (LME) cash prices, have lurched higher in September to fresh record highs of $460-480 a tonne for duty-paid material in Rotterdam, from $450-460 last month. Premiums have risen more than 60 percent since ...
Copper up on China stimulus reports, markets await Fed LONDON: Copper edged up on Wednesday on a report that China's central bank will provide the country's biggest banks with fresh loans to bolster the economy of the world's largest metals consumer.Investors also looked ahead to a US Federal Reserve policy statement later where the bank may indicate its thinking on the timing of any interest rate move. Media reports said China's central bank is injecting a combined 500 billion yuan ($81.35 billion) of liquidity ...

 



 
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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