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Copper gains on growth optimism, further data eyed LONDON: Copper rose on Tuesday as optimism about an economic recovery gathered pace following recent encouraging US data, but further gains were kept in check as caution prevailed ahead of a Federal Reserve policy meeting and more data due this week.   Three month copper on the London Metal Exchange rose to $8,066 a tonne at 1003 GMT, up 0.4 percent from a close of $8,030 on Monday.   Metals markets, along with other risky assets such as oil and equities, were boosted as data in the previous session showed a rise in a gauge of planned US business spending in December, adding to a recent run of positive global economic data.   Investors will be looking for further signs of a recovery in the pace of economic growth to be reflected in data this week, including the first estimate of US fourth-quarter gross domestic product on Wednesday, and non-farm payrolls on Friday.   Further signs of brightening ...


Palm gains on Indonesia tax hike, stocks remain a worry SINGAPORE: Malaysian palm oil futures gained on Tuesday on expectation some buyers may switch after Indonesia announced a higher crude palm oil export tax, although gains were limited by persisting concerns over record stocks.   Indonesia, the world's top palm oil producer, will increase its export tax for crude palm oil to 9 percent for February from 7.5 percent in the previous month, while Malaysia's crude palm oil export tax will remain at zero percent for February.   "The ...

ICCO sees global cocoa stocks rise LONDON: World cocoa stocks rose to 1.838 million tonnes as of Sept.30, according to the International Cocoa Organization's annual assessment.   Stocks were up 138,000 tonnes on the year, ICCO statistician Laurent Pipitone told Reuters.   Although the ICCO world stock assessment is an industry benchmark, it does not report on all countries, with Indonesia and Nigeria being two of the producers that are not included.   In November the ICCO estimated a global cocoa surplus of 90,000 tonnes for the ...

Won extends gains, up more than 1 percent vs dollar SEOUL: The South Korean won extended its gains in late domestic trade on Tuesday on a rally in the local stocks, rising by more than 1 percent against the US dollar.   The local currency was quoted as high as 1,082.2 against the dollar, representing a daily gain of just over 1 percent.   On Monday, the won fell by 1.74 percent against the dollar to a 13-week low on dollar buying by offshore players and importers. Copyright Reuters, 2013 ...

Palm gains on Indonesia tax hike, stocks remain a worry SINGAPORE: Malaysian palm oil futures gained on Tuesday on expectations Indonesia's higher crude palm oil export tax may shift some buyers to rival Malaysia, although gains were limited by persisting concerns over record stocks.   The world's top palm oil producer will increase its export tax for crude palm oil to 9 percent for February from 7.5 percent in the previous month, while Malaysia's crude palm oil export tax will remain at zero percent for February.   "The market ...

CBOT wheat neutral in $7.70-1/2 to $7.83 SINGAPORE: CBOT March wheat looks neutral in a range of $7.70-1/2 to $7.83 per bushel, and an escape will point to a future direction.   The range has been formed by the low and the high touched on Monday.   A rise above $7.83 will confirm the extension of the rebound from the Jan. 24 low of $7.63, towards the Jan. 22 high of $7.99-1/2.   On the other hand, a fall below $7.70 will signal the resumption of the downtrend ...

India MUMBAI: India's state-run trading company PEC has issued a global tender to export 125,000 tonnes of milling wheat for shipment between Feb. 20 and March 31, a company statement said on Tuesday. The stocks would be made available at Krishnapatnam port on the east coast. The bid closes on Feb. 18, it said.   This is part of a continuing Indian government programme to cut huge wheat stocks, taking advantage of current high global grain prices.   Copyright Reuters, 2013 ...


 



 
Index Closing Chg%
Arrow DJIA 16,974.31 0.18
Arrow Nasdaq 4,549.23 0.33
Arrow S&P 1,982.30 0.14
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJuly-June
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln