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London copper mired near three-month lows with supply set to grow MELBOURNE: London copper was stuck near three-month lows on Wednesday as more evidence of brighter economic prospects in the United States failed to overcome jitters over Chinese growth and swelling supply of the metal. Manufacturing in China, the world's top user of most metals, unexpectedly picked up some momentum in September, even though factory employment slumped to a 5-1/2-year low, according to a purchasing managers' survey.The improvement was partly seasonal but was likely to stretch into coming months, which, with more targeted economic stimulus by China, would underpin demand for metals, said Wan Ling, an analyst with consultancy CRU in Beijing. "In August it's not great, to be honest, but in September usually manufacturing activity improves. And I do believe China will do a little more minor stimulus to help the economy - but as always, it won't do big stimulus," she said. Three-month copper on the London Metal Exchange ...

Chinese steel, iron ore edge up, but still near record lows SINGAPORE: Chinese steel and iron ore futures edged higher on Wednesday after recent steep losses but remained near their lowest levels on record because of a supply glut that has slashed spot iron ore prices by almost 41 percent this year.Some Chinese steel mills were buying spot iron ore cargoes to replenish stocks ahead of the week-long National Day holiday from Oct. 1, but volumes were small and buyers were scouring the market for cheap ...

Gold holds gains as equities dip, but investors cautious SINGAPORE: Gold clung to overnight gains on Wednesday as Asian shares retreated, but investors remained cautious amid a firmer dollar and upbeat US manufacturing data that kept prices near their lowest since January.US-led strikes against militants in Syria failed to spur follow-through safe-haven demand for gold after small gains on Tuesday. Gold is traditionally seen as a safer bet during times of political uncertainty.The tensions in Syria, however, curbed appetite for risky assets, sending Asian ...

Copper rebounds after encouraging China factory data LONDON: Copper prices recovered on Tuesday, bouncing off three-month lows hit in the previous session, as encouraging manufacturing data from top consumer China helped allay some fears about the outlook for demand.Benchmark copper on the London Metal Exchange (LME) traded at $6,743.75 a tonne at 0951 GMT, up 0.4 percent. It had fallen to a three-month low at $6,707.25 in the previous session.China's manufacturing sector unexpectedly picked up some momentum in September even as factory ...

Palm rebounds from over 1-week low on weaker ringgit KUALA LUMPUR: Malaysian palm oil futures bounced back on Tuesday after hitting a more than one-week low in the previous session, as a recovery in overseas soy markets and a weaker ringgit lifted the tropical oil.Firm export data from Malaysia, the world's No.2 palm grower, also supported.Overseas sales of Malaysian palm oil products were 21-26 percent higher for the Sept. 1-20 period compared with a month earlier, cargo surveyor data showed, thanks to buoyant imports ...

Iron ore drop puts ambitious Rio bid on Glencore's agenda LONDON: Glencore boss Ivan Glasenberg is not one to shy away from a challenge, or to downplay his ambition.But investor hopes the commodities giant could make a move for mining rival Rio Tinto - left bruised by a sharp drop in iron ore prices this year - are, at best, premature.Blockbuster purchases have become a thing of the past for much of the mining sector after many of the mega-deals struck during the last boom ...

Sugar rallies, focus on expiry, cocoa hits 3-1/2-year high LONDON: Raw sugar futures rallied on Tuesday before a contract expiry at month-end, while ICE cocoa hit a fresh 3-1/2-year high driven by fears that Ebola could spread to top grower Ivory Coast.Arabica coffee on ICE Futures U.S. firmed in technically driven dealings, while Liffe robusta coffee edged further away from Friday's three-month low.Raw sugar futures on ICE extended Monday's rally in spread-linked dealings before the October raw sugar futures expiry on Sept. 30.ICE October ...


Index Closing Chg%
Arrow DJIA 17,071.22 0.25
Arrow Nasdaq 4,505.85 0.14
Arrow S&P 1,977.80 0.25
Arrow FTSE 6,646.60 0.04
Arrow DAX 9,422.91 0.71
Arrow CAC-40 4,358.07 0.83
Arrow Nikkei 16,310.64 0.50
Arrow H.Seng 23,229.21 1.90
Arrow Sensex 26,597.11 0.11

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklySeptember 25, 2014
Reserves $13.305 bln