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Soybeans set for 4th week of gains AMSTERDAM: US soybeans rose for a second straight session on Friday, on tight supplies and strong demand from China, setting the contract on track for a fourth consecutive week of gains.   Wheat rose 0.64 percent, recouping some of Thursday's losses on expectations of tight global supplies as the US crop suffers from a drought, while corn ticked higher.   Investors in the agricultural markets are closely watching the adverse weather in South America which has lifted prices the last few weeks. Overly wet conditions have stalled the early harvest in Brazil and persistently dry weather has threatened corn and soybean crops in neighbouring Argentina.   Erin FtizPatrick, Rabobank's analyst, said forecast rains will relieve the market in short term, but long-term weather outlook that foresees dry weather will keep the pressure on prices.   "Plus there are logistical issues in Brazil," she said. "I don't see any pull back in demand from China. That demand will be ...

Brazil SAO PAULO: Brazil's manufacturing output expanded at the fastest pace in nearly two years in January, a survey showed on Friday, raising hopes of a belated recovery in one of the most troubled sectors of Brazil's economy after another frustrating year.   The HSBC Purchasing Managers' Index for the Brazilian manufacturing sector rose to a seasonally-adjusted 53.2 in January from 51.1 in December, remaining above the 50 mark that divides expansion from contraction for the fourth straight ...
UK prompt gas gains on short supply, looming cold   LONDON: British gas prices moved higher on Friday as the system was left short by lower flows from UK gasfields, fewer imports and less liquified natural gas remains, while colder weather will drive demand for heating, traders said Friday.   The within-day gas price gained 1.50 pence day on day to 67.20 pence per therm, while day-ahead gas traded up 1.35 pence at 66.90 pence.   "A mix of factors are impacting the prompt contract, lower supply and colder weather while ...
China data signals capital outflows in 2012   BEIJING: China posted a $117.3 billion deficit in its capital and financial account in 2012, preliminary data from the country's foreign exchange regulator showed on Friday, signalling capital outflows amid turbulence in the global economy and financial markets.   In the fourth quarter of 2012, China had a $31.8 billion deficit on its capital and financial account, the State Administration of Foreign Exchange said in a statement on its website,   That followed a $51.7 billion deficit in ...
Italian official unemployment rate at 11.2pc MILAN: The Italian unemployment rate edged up by 0.1 percentage points to 11.2 percent in December, a first official estimate showed on Friday.   The number of people registered as seeking work has risen by nearly 20.0 percent over the past 12 months.   The rate is at the highest level since the statistics institute Istat began publishing this monthly statistic, and on a three-month basis the rate was the highest since 1999.   On a 12-month comparison, the rate in ...
Japan vehicle sales down 7.8 pct in Jan, 2013 seen falling 11.7pc   TOKYO: Japanese car sales fell 7.8 percent in January from a year ago, when demand was inflated as carmakers recovered from disrupted supply chains after natural disasters in 2011.   Automobile sales in January including 660cc minivehicles totalled 383,499 vehicles, data from the Japan Automobile Dealers Association and Japan Minivehicles Association showed on Friday. Excluding minicars, the total was 229,333 vehicles.   The data comes a day after Japan's auto lobby said it expects sales in Japan to drop ...
Bangladesh withdraws request for WB funding after graft allegation   DHAKA: Bangladesh has dropped plans to seek World Bank funding for a bridge over the Padma river after the bank withheld assistance until the government completed an investigation into allegations of corruption in the project.   The World Bank last year cancelled a $1.2 billion credit for the 6.2-km (4-mile) bridge, which would be the country's longest water crossing, after it found "credible evidence" of high-level corruption among Bangladeshi officials.   On Friday, the bank said it had received ...


Index Closing Chg%
Arrow DJIA 17,827.75 0.07
Arrow Nasdaq 4,787.32 0.61
Arrow S&P 2,072.83 0.28
Arrow FTSE 6,729.17 0.03
Arrow DAX 9,915.56 0.55
Arrow CAC-40 4,373.42 0.20
Arrow Nikkei 17,383.58 0.14
Arrow H.Seng 24,111.98 1.12
Arrow Sensex 28,386.19 0.17

Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln