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London copper steadies as consumers baulk at higher prices MELBOURNE: London copper steadied on Monday as last week's run up in prices blunted consumer buying, while liquidity thinned ahead of a holiday-shortened week in many countries.Buying from top consumer China has been tepid, with an initial gauge of Chinese factory health in March suggesting industrial activity has not picked up pace."The recent moves in base metals prices were a combination of supply outages and a bit of short-covering," said analyst Joel Crane at Morgan Stanley in Melbourne."Until we see evidence of a sustained pick up in Chinese industrial activity, we think there's very little upside."Three-month copper on the London Metal Exchange was trading little changed at $6,052.50 a tonne by 0134 GMT, after 1.9-percent losses in the previous session. Copper prices last week hit their highest in nearly three months at $6,294.50 a tonne.The most-traded June copper contract on the Shanghai Futures Exchange fell 0.9 percent to 43,530 yuan ...

London copper off 2-1/2 month peak on slightly firmer dollar MELBOURNE: London copper slipped on Wednesday from more than two-month highs hit the previous session as the dollar firmed, but expectations of falling mine supply supported prices.The dollar clung to modest gains early in the session, partly after U.S. consumer prices rebounded in February keeping the Federal Reserve on course to raise interest rates this year.A stronger dollar erodes the purchasing power of buyers paying with other currencies.Copper demand from top consumer China is picking ...
London copper comes off 2-1/2 month high after China flash PMI MELBOURNE: London copper hit the highest in more than two months on Tuesday, as a weaker dollar fuelled chart-based buying, before giving back most of its gains after a weak reading on factory health in top consumer China.Activity in China's factory sector dipped to an 11-month low in March as new orders shrank, a private survey showed, signalling persistent weakness that will likely add to calls for more policy easing."People are still questioning the strength ...
Copper bounces from 2-week low as bank news sparks short-covering MELBOURNE: London copper bounced off early two-week lows on Monday after some Chinese banking stocks soared on hopes Beijing would grant more brokerage licences, which forced copper shorts to cover and offset the impact of gloomy Chinese imports and a strong dollar.China said it was considering issuing banks with brokerage licences as part of financial reforms, which sent stocks of banks up sharply.The gains in metals came despite the dollar's strength after Friday's jobs report ...
Wheat extends gains into third session, near one-week high SYDNEY: US wheat futures rose for a third consecutive session to hover close to a one-week high as the grain drew continued support from concerns about potential damage to US supplies.May wheat rose 0.6 percent to $5.16 a bushel, having closed up 2.5 percent on Friday when prices hit a one-week high of $5.17-3/4 a bushel.Chicago Board Of Trade May soybeans rose 0.2 percent to $10.33-1/4 a bushel, having firmed 0.5 percent on Friday when ...
Glencore cuts Australian coal output on weak demand, supply glut SYDNEY: Mining and commodities giant Glencore Xstrata on Friday said it was reducing its coal production in Australia by 15 million tonnes amid weak global demand and oversupply.It is understood that up to 120 jobs at Glencore's 13 Australian mines could be affected as a result of the cuts, which will include scaling back some operations and deferring projects.The announcement follows the Swiss company's decision to shut its mines for three weeks over the Christmas ...
London copper drifts as China holiday draws to close| MELBOURNE: London copper slipped on Tuesday on trader caution ahead of a speech by Federal Reserve Chair Janet Yellen later in the session, with volumes expected to improve as China returns from a week-long break on Wednesday.The overall mood on copper remains gloomy, given China's slowing growth and struggling property sector, with physical traders expecting only light consumer buying into next week, as China filters back from holiday."The weakness in prices we saw in the ...


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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln