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Copper slips after weak China manufacturing data LONDON: Copper prices fell on Monday, under pressure as weak factory data from China raised concerns about the outlook for demand from the world's top metals consumer. Three-month copper on the London Metal Exchange closed down 0.6 percent at $6,942 a tonne after ending August down 1.9 percent its first monthly loss in four months. Volumes were subdued as markets in the United States were shut for the Labor Day holiday. At the close of open outcry trading, 7,750 lots of copper had traded versus a total volume of 13,765 on Friday. Electronic trading was continuing after the close of ring trading. Growth in China's vast factory sector slackened in August as foreign and domestic demand slowed, stoking speculation that further policy easing would be needed to prevent the economy from stumbling once more. China is the world's largest copper consumer, accounting for as much as 40 percent of global ...


Copper slips after weak China manufacturing data LONDON: Copper prices fell on Monday, under pressure as weak factory data from China raised concerns about the outlook for demand from the world's top metals consumer.Three-month copper on the London Metal Exchange closed down 0.6 percent at $6,942 a tonne after ending August down 1.9 percent - its first monthly loss in four months.Volumes were subdued as markets in the United States were shut for the Labor Day holiday. At the close of open ...

Copper falls after weak China manufacturing data LONDON: Copper prices slipped on Monday, pressured by weak factory data from China that raised concerns about the outlook for demand from the world's top metals consumer.Three-month copper on the London Metal Exchange fell 0.5 percent to $6,948.50 on Monday, after ending August down 1.9 percent - its first monthly loss in four months.Volumes were expected to remain subdued as markets in the United States were shut for the Labor Day holiday.Growth in China's vast ...

Tokyo futures end near 3-month low on weak China data TOKYO: Benchmark Tokyo rubber futures fell for a third straight session and ended near a three-month low on Monday as weak Chinese data hit investor sentiment, dealers said.The Tokyo Commodity Exchange rubber contract for February delivery was down 1.9 yen, or 1 percent, to settle at 196.4 yen ($1.8861 dollar) per kg, the lowest close since June 10. It fell as low as 195.2 yen, the lowest intraday level since Aug. 18, earlier in the ...

London cocoa dips from near 3-1/2-year high, ICE shut LONDON: Cocoa futures on Liffe fell on Monday as dealers locked in gains from last week's 3-1/2-year highs, while white sugar firmed and robusta coffee edged up in light technically driven dealings.ICE softs markets were shut for the Labor Day holiday.London cocoa futures extended losses from Friday's fall."Dealers are taking profits, and the market could go for another little dip today, before New York opens again tomorrow," a London-based cocoa futures broker said.Liffe December cocoa ...

Russia's wheat prices up on record exports MOSCOW: Russian wheat prices rose last week, supported by a record pace of exports which offset pressure from harvesting, analysts said on Monday. Russia, one of the world's largest wheat exporters, supplied a record 4.5 million tonnes of grains, including 4.2 million tonnes of wheat, to foreign countries in August, SovEcon, a Russian agriculture consultancy, said, citing preliminary data. "The price growth is supported by domestic and export demand," SovEcon said in a note. Concerns ...

Spot gold may revisit high of $1,391.76 in four weeks SINGAPORE: Spot gold may revisit its March 17 high of $1,391.76 per ounce over the next four weeks, as indicated by a Fibonacci retracement analysis and its wave pattern.Gold failed twice to break support at $1,200, the 38.2 percent Fibonacci retracement on the rise from the 1970 low of $34.95 to the record high of $1,920.30.Such a failure suggests the support is very strong and may have triggered a bounce towards the 23.6 percent level ...


 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln