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China April copper imports rise around 7pc on month HONG KONG: Chinese imports of copper rose 7.2 percent in April from the previous month, extending gains made in March as stronger domestic prices boosted their appeal. Seasonal consumption also supported demand in the world's top copper consumer, along with global prices that have fallen more than 9 percent this year. Benchmark three-month copper on the London Metal Exchange inched up slightly after the Chinese data was released, trading at $6,669.25 per tonne at 0317 GMT. Arrivals of copper anode, alloy, refined metal and semi-finished copper products were 450,000 tonnes in April, up from 420,000 tonnes in March, customs data showed on Thursday.April imports surged 52 percent from the year before. April arrivals were higher than expected by some traders, who had said some importers were delaying term shipments as they expected prices to fall.The rise could be a result of the buying by China's stockpiler, the State Reserves Bureau, ...

Gold holds below $1,300 on easing Ukraine concerns SINGAPORE: Gold was trading below $1,300 on Thursday, following its biggest drop in three weeks, as its safe-haven appeal dimmed on signs of easing tensions in Ukraine.Russian President Vladimir Putin called on pro-Moscow separatists in Ukraine to postpone a vote on secession just five days before it was to be held, potentially pulling Ukraine back from the brink of violent dismemberment.In what could be a breakthrough in the worst crisis between East and West since ...
Wheat falls on easing Ukraine tensions, soy rises from 1-month low SINGAPORE: Chicago wheat fell for a second session on Thursday as receding political tensions in Ukraine prompted some investors to liquidate their long positions although losses were contained ahead of a key US supply-demand report.Soybeans edged higher, recovering from Wednesday's one-month low with support from China's soybean imports which climbed 41.2 percent in the January-April period to 21.85 million tonnes.Chicago Board Of Trade July wheat fell 0.6 percent to $7.33 a bushel by 0343 GMT, ...
China iron ore futures fall to six-week low on tepid buying SHANGHAI: Chinese iron ore futures fell for a second day to a six-week low on Thursday on reduced buying interest from steel mills in top consumer China due to tight credit and high port stockpiles.Chinese banks have slashed credit to the steel sector on concerns about increasing default risks and record-level port stockpiles."We have found it difficult to sell this week, and there are even no inquiries right now," said an iron ore trader in ...
China's April coal imports up 7.2pc on month SHANGHAI: China's total coal imports, including lignite, rose for the second month in a row in April to hit 27.11 million tonnes, as cheaper overseas prices encouraged traders to increase orders. Chinese buyers had increased orders as lower international coal and freight prices cut import prices by between 10-15 yuan ($1.60-$2.41) a tonne and made arbitrage more attractive, traders said. Expectations that local prices would rise ahead of a planned two-week maintenance of the main ...
Asia Coffee: Indonesian beans ease; roasters favour Vietnam SINGAPORE: Indonesian robusta prices weakened, with beans sold to trading houses at rates on par with London futures this week as the crop harvest gained pace, but roasters were still in favour of cheaper beans from rival Vietnam, dealers said on Thursday. Indonesia, the world's third-largest coffee producer, mainly grows robusta - a bitter-tasting variety used in instant coffee.Indonesia and Vietnam, which compete in the robusta market, together account for about 27 percent of global ...
CBOT soybeans to test support at $14.35-1/2 SINGAPORE: CBOT soybeans July contract is expected to test a support at $14.35-1/2 per bushel, a break below which will open the way towards $14.15-1/4.The support is provided by the 50 percent Fibonacci retracement on the rise from the March 12 low of $13.50-1/4 to the April 29 high of $15.20-1/2. Following soybeans' drop below the former support at $14.55-1/2, there might not be any other support to hold the fall until they reach $14.35-1/2.A ...


Index Closing Chg%
Arrow DJIA 17,131.86 0.28
Arrow Nasdaq 4,838.65 0.17
Arrow S&P 2,017.46 0.13
Arrow FTSE 6,371.18 0.70
Arrow DAX 10,119.83 0.23
Arrow CAC-40 4,688.70 0.27
Arrow Nikkei 18,438.67 1.67
Arrow H.Seng 22,730.93 1.21
Arrow Sensex 26,904.11 0.65

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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 08, 2015
Reserves $20.05 bln