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Gold advances on U.S. stimulus talks after 7-day losing streak LONDON: Gold advanced on Wednesday, halting its longest losing streak in nearly six months as the dollar fell on continued talks of extending the lifespan of the U.S. Federal Reserve's stimulus.Comments from Fed policymaker John Williams who said the central bank should wait for stronger evidence of growth momentum before trimming bond-buying helped balance out a surprisingly strong U.S. service sector report on Tuesday.The timing of any tapering of the Fed's $85 billion in monthly bond purchases has been a key factor driving gold prices this year. The metal has lost a fifth of its value so far on fears the Fed would start cutting back its stimulus.Recent mixed economic data, however, has cast doubts over the real strength of the U.S. economy, leaving markets to speculate whether the Fed would act before year-end.Spot gold was up 0.5 percent at $1,317.35 an ounce by 1051 GMT. The metal had dropped ...

Premier Foods seeks investor for bread unit: source LONDON: Britain's Premier Foods is looking for an outside investor to help its struggling bread division, a source familiar with the matter told Reuters. Sky News said earlier on Tuesday that the company, which owns a wide range of brands including Hovis and Mother's Pride breads, Mr Kipling cakes, Bisto gravy granules and Sharwoods Asian cooking sauces and foods, has approached private equity groups about the sale of a stake in the bread ...
Copper rises on global factory pickup, Fed tapering plans LONDON: Copper edged up on Tuesday on a strong global manufacturing survey and signs the U.S. Federal Reserve is in no rush to end its commodities-friendly stimulus.But a stronger dollar, and a weaker euro, kept the metal's gains in check and copper remains at the lower end of the range of $7,000-$7,420 per tonne it has held since August. A stronger U.S. currency makes it more expensive for foreign investors to buy dollar-priced commodities.Three-month copper ...
Gold prices ease as euro weakens ahead of ECB meeting LONDON: Gold prices eased on Tuesday, pressured by a retreat in the euro ahead of a key European Central Bank meeting later this week, and as investors awaited fresh clues on U.S. monetary policy.The euro fell against the dollar on Tuesday on speculation the ECB may signal easier monetary policy or even cut rates at a meeting on Thursday after a sharp moderation in headline euro zone flash inflation figures last week.A stronger dollar tends ...
EU wheat edges higher on lower euro, steady exports MILAN: European wheat futures edged higher on Friday as a lower euro and healthy exports kept prices above a one-week low touched earlier in the week. The benchmark January milling wheat contract on the Paris-based Euronext market was 0.37 percent higher at 202.75 euros ($280) a tonne by 1413 GMT. "European wheat is still holding up above the 200 euro a tonne technical level given steady exports and the weaker euro," a London-based trader said. ...
Arabica, robusta coffee hit multi-year lows, sugar steady LONDON: Coffee futures slid to fresh multi-year lows on Monday, weighed by surpluses, while ICE raw sugar ticked down as traders assessed damage from an Oct. 18 warehouse fire in Santos, Brazil.Cocoa futures on ICE eased, with downside limited by prospects for a global deficit.ICE arabica coffee futures sagged to a fresh four-and-a-half-year low of $1.070 per lb, and were down 0.85 cent, or 0.8 percent, to $1.0825 per lb at 1502 GMT.Liffe January robusta ...
Gold heads for second weekly gain on expectations for continued Fed stimulus LONDON: Gold retreated from a one-month peak on Friday, but was still set for a second week of gains on the view that sluggish US data would persuade the Federal Reserve to keep its stimulus intact until well into 2014.Spot gold eased 0.3 percent to $1,342.29 an ounce by 0959 GMT, but was still not too far from its highest since Sept. 20 at $1,351.61 hit on Thursday, when it benefited from weaker-than-expected US jobless ...

 



 
Index Closing Chg%
Arrow DJIA 17,164.95 1.45
Arrow Nasdaq 4,635.24 1.03
Arrow S&P 1,994.99 1.30
Arrow FTSE 6,749.40 0.90
Arrow DAX 10,694.32 0.41
Arrow CAC-40 4,604.25 0.59
Arrow Nikkei 17,674.39 0.39
Arrow H.Seng 24,507.05 0.36
Arrow Sensex 29,182.95 1.68






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyNovember
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln