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London copper drops as dollar rallies on Fed comments SYDNEY: London copper led other metals lower on Thursday after encouraging comments by U.S. monetary officials on the state of the world's top economy sparked a dollar rally.The Federal Reserve on Wednesday ended its monthly bond purchase program and dropped a characterization of U.S. labour market slack as "significant" in a show of confidence in the economy's prospects.A reduction in cheap liquidity weakens support for metals prices and a stronger dollar tends to weigh on commodities because, priced in dollars, they become more expensive for holders of other currencies.Three-month copper on the London Metal Exchange slipped 0.6 percent to $6,773 a tonne by 0220 GMT, after ending slightly firmer in the previous session when it struck its loftiest level since Sept 19.Copper is down some 7 percent for the year to date on concerns about slowing demand from top user China, which is grappling with falling property prices."Orders are quite ...

BHP Billiton boosts Australian iron ore production SYDNEY: BHP Billiton Wednesday reported a rise in September quarter iron ore production as the mining giant vowed to continue reducing costs amid depressed prices from a global supply glut.The world's biggest miner reported a 17 percent increase in iron ore production to 57.1 million tonnes in the three months to September compared to the previous year."Robust operating performance across our diversified portfolio in the September 2014 quarter delivered a 9.0 percent increase in production ...
London copper climbs ahead of China growth data SYDNEY: London copper edged up on Tuesday but stayed near six-month lows, with focus on data expected to show struggling economic growth in China that could boost a drive for stimulus, bolstering metals prices.FUNDAMENTALS Three-month copper on the London Metal Exchange had climbed 0.7 percent to $6,609 a tonne by 0105 GMT, paring losses of 1.2 percent from the previous session. Copper prices hit a six-month trough of $6,530 a tonne on Friday, having dropped ...
Copper slips on worries over rising stocks, China economy SYDNEY: London copper futures fell on Monday after hitting their lowest levels in six months in the previous session, hurt by worries over rising stocks, China's economic growth and the impending end of US monetary stimulus.Copper has some of the weakest fundamentals among base metals as a wave of fresh supply works its way into the market.Traders said expectations that copper would benefit from strong US economic data and Wall Street's rally on Friday - ...
Copper under pressure as supply rises and outlook dims SYDNEY: London copper was under pressure from a deteriorating fundamental outlook on Monday after hitting its lowest level in six months in the previous session, hurt by worries over the end of US monetary stimulus and rising stocks. Copper has some of the weakest fundamentals among base metals as a wave of fresh supply works its way into the market. "Copper is looking weak from a supply and demand perspective," said a metals trader in ...
Corn set for biggest weekly gain in 17 months on harvest delays SYDNEY: US corn futures rose for a second session on Friday as the grain was set to post its biggest weekly gain in more 17 months due to harvest delayscaused by rain.FUNDAMENTALSChicago Board Of Trade front-month corn is up more than 6 percent for the week, its biggest weekly rally since May 2013. Front-month soybeans rise to be up more than 5 percent for the week, the third straight weekly gain and the biggest weekly ...
Fortescue quarterly iron ore output jumps as price sinks SYDNEY: Iron ore producer Fortescue Metals Group's September quarter shipments rose 60 percent from a year ago to 41.5 million tonnes, helping drive down costs in a hotly contested global market, the company said on Thursday.Australia's No. 3 iron ore miner said its average selling price fell to $71 per tonne over the quarter to Sept 30 from $121 per tonne tonne in the year earlier period, partly offset by a 3 percent drop in ...

 



 
Index Closing Chg%
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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