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Tokyo futures up on easing yen, but gains capped by weaker oil BANGKOK: Tokyo rubber futures ended higher on Monday on the back of the easing Japanese yen, but weaker oil prices and rising rubber stocks in China weighed on the market, dealers said.The Tokyo Commodity Exchange rubber contract for January delivery rose 0.5 yen to settle at 206.5 yen ($2.03)per kg."Investors took to speculative buying after they saw the yen rise. However, TOCOM prices were still weighed by falling oil and rising rubber stocks in China," said a Bangkok-based dealer.The U.S. dollar hovered near six-month high against a basket of major currencies on Monday, being traded at 101.81 yen.Rubber inventories in warehouses monitored by the Shanghai Futures Exchange rose 0.2 percent from last Friday, according to the exchange.Brent crude slipped near $108 a barrel on Monday as fighting between Israel and Hamas Islamist militants subsided in Gaza, but some analysts said falls may be limited.The most-active rubber contract on the Shanghai ...


Russian wheat crop outlook bright, pressures prices MOSCOW: Russian export prices for wheat fell for the third week in a row due to a strong crop outlook, analysts said on Monday.Russia, one of the world's key wheat exporters via the Black Sea, is likely to harvest 57.5 million tonnes of wheat in 2014, IKAR, a leading agriculture consultancy, said in a note."The forecast was upgraded (from a previously expected 56.3 million tonnes) thanks to higher yields in several regions," Dmitry Rylko, the ...

Nippon Steel's Nagoya plant suffers 4th power outage in 7 months TOKYO: Nippon Steel & Sumitomo Metal Corp said its Nagoya steel plant suffered another power failure on Sunday, the second in about a month and the fourth this year, causing a release of smoke from coke ovens in a process to burn off gas. The plant in central Japan began gradually resuming operations from Sunday evening after the power outage early in the morning led to a shutdown of most of its main units and ...

London copper pauses as Freeport eyes exports SYDNEY: London copper opened flat on Monday after a two percent gain last week, stalling on news that major miner Freeport was set to resume concentrate exports from Indonesia after a six-month halt. Freeport-McMoRan Inc clinched a deal with the Indonesian government on Friday allowing the miner to resume copper concentrate exports from the country, effectively ending a six-month tax dispute and paving the way for more miners to follow suit. A resumption in exports ...

Soybeans rise 1pc, corn up for 2nd day on demand hopes SINGAPORE: US soybeans jumped 1 percent on Monday, rising for three out of the past four sessions, on expectations of strong demand following a steep decline in prices, while corn gained for a second consecutive session. Wheat edged higher, building on Friday's 1.7 percent rally although gains were capped by prospects of ample global supplies. Chicago Board Of Trade November soybeans rose 1 percent to $10.93-3/4 a bushel by 0207 GMT and December corn added ...

Gold slips on stronger dollar, but holds above $1,300 SINGAPORE: Gold slipped on Monday due to a stronger dollar but was supported near $1,300 an ounce as its safe-haven appeal rose due to heightened tensions between the West and Russia, and violence in the Middle East.Trading during Asian hours was thin as investors were eyeing the Federal Reserve's policy meet and major US data releases later in the week to gauge the strength of the economy and the outlook for the central bank's monetary ...

Turkey buys 165,000 tonnes wheat, 65,000 tonnes barley HAMBURG: Turkish state grain agency TMO has purchased 165,000 tonnes of milling wheat and 65,000 tonnes of animal feed barley in an international tender, European traders said on Friday.The import tender, which closed on Thursday, sought those same amounts of wheat and barley, both in two shipment periods, the first between Aug. 25-Sept. 20 and the second between Sept. 25-Oct. 20. Copyright Reuters, 2014


 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln