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Brent oil falls 2 pct to 3-month low on Cyprus fears NEW YORK: Brent crude oil fell 2 percent to a three-month low under $108 a barrel on Tuesday as uncertainty over a bailout for Cyprus raised concern about the euro zone debt crisis and its impact on energy demand.Cypriot lawmakers overwhelmingly rejected a deeply unpopular tax on bank deposits on Tuesday, throwing into doubt an international bailout for the troubled euro zone member, needed to avert default and a banking collapse.The tax proposal, announced over the weekend as a condition of the bailout, has renewed investor concern about the euro zone's ability to tackle its debt crisis, causing stock markets and oil prices to fall this week. Gold and other safe haven assets rose."The situation in Cyprus, although small, goes to show that the problems in the EU are far from over and it will exacerbate declining demand," said Natixis analyst Abhishek Deshpande in London.Brent crude for May delivery touched ...

Soybeans to 1-month low on Cyprus/euro-zone worries CHICAGO: Chicago Board of Trade soybean futures fell for the fifth day in a row on Monday, sliding to a one-month low on concerns about a bailout plan for euro zone member Cyprus and on availability of a large South American soybean harvest.Wheat turned down for the first time in seven trading sessions and corn turned firm in a modest rebound after slipping earlier for the third consecutive session on risk aversion that boosted the ...
Brent crude oil hits 3-month low on Cyprus fears NEW YORK: Brent crude oil fell to hit a three-month low beneath $108 a barrel on Monday after a plan to tax bank accounts in debt-laden Cyprus sparked fears of further turmoil in the euro zone.Oil prices recovered from early lows, however, as positive economic data in the United States bolstered the outlook for energy demand, and as Saudi Arabia's top oil official said prices near current levels won't hurt the economy.In early trade, Brent ...
Gold tops $1,610/oz on Cyprus bailout deal LONDON: Gold extended earlier gains on Monday to hit its highest since late February, with some investors drawn to the precious metal's safe haven properties as a radical bailout package for Cyprus shook sentiment in the euro zone.The euro zone agreed on Saturday to hand Cyprus a bailout worth 10 billion euros ($13 billion), but required the country's savers to pay up to 10 percent on their deposits, shaking confidence in banks across the continent.Spot ...
ICE coffee hits 33-month low, sugar falls sharply LONDON: Arabica coffee futures on ICE slid to a 33-month low on Monday while raw sugar and cocoa also fell as commodity markets retreated in the face of heightened concern about the economic crisis in the euro zone.The surprise decision by euro zone leaders to part-fund a bailout of Cyprus by taxing bank deposits sent shockwaves through financial markets on Monday, with shares and the bonds of struggling euro zone governments tumbling.ICE May arabica coffee ...
Speculators raise net long in Liffe robusta coffee LONDON: Speculators increased a net long position in robusta coffee futures and options on NYSE Liffe in the week to March 12, exchange data showed on Monday. A net long in cocoa was cut, while speculators trimmed a net short in white sugar. Speculators raised a net long in robusta coffee by 2,173 lots to 28,114 lots, while the net long in cocoa was cut by 821 lots to 10,585 lots. In white sugar a ...
LME copper slides to 4-month low on euro zone crisis LONDON: Copper sank to a four-month low on Monday as a surprise bailout plan for Cyprus that involved taxing bank deposits sent shockwaves through financial markets, causing the euro to drop against the dollar and spurring investors to shed risk.Euro zone finance ministers demanded at the weekend that Cypriots pay up to 9.9 percent of their deposits as tax in exchange for a 10 billion euro ($13 billion) bailout.The move broke with previous EU protocol ...

 



 
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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 $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 18, 2014
Reserves $13.525 bln