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London copper hovers near 1-week peak as Ukraine worries ease SYDNEY: London copper on Wednesday hovered near one-week highs hit the day before after China's leaders reafirmed a solid growth target for the year ahead and as tensions in Ukraine appeared to ease. Premier Li Keqiang, in a report to the National People's Congress at the start of its annual session said China will maintain its economic growth target for 2014 at about 7.5 percent, as expected, signalling that its policy focus would be slanted in favour of reforms and rebalancing the economy. Comments by Russian President Vladimar Putin earlier eased fears that tensions over Ukraine could lead to war, helping soothe risk aversion and aiding a bounce by copper from three-month lows. But with demand in top user China still slow to gain steam after the Lunar new year, doubts are bubbling over just how far copper prices can go. "7.5 percent helps but let's be realistic. From GDP ...

London copper near 3-month low; more losses eyed on Russia SYDNEY: London copper steadied on Tuesday, holding not far off its three-month lows touched the day before as widespread risk aversion tainted sentiment already damaged by signs of shrinking manufacturing growth in top metals user China. Tepid growth in developed nations and fresh risks to emerging markets have battered sentiment towards metals as traders await orders to pick up after Lunar New Year, and signs of a deeper-rooted revival in the United States. "Copper has ...
Wheat firms, rebounds from losses of more than 2pc SYDNEY: US wheat futures edged higher on Thursday, rebounding from the previous session's loss of more than 2 percent that was triggered by fears of poor take-up of expensive US supplies.Corn fell for the second straight session, and soybeans edged lower, snapping its longest rally in three weeks as traders banked profits after the oilseed hit a five-month top.Chicago Board of Trade May wheat futures rose 0.17 percent to $6.06-1/2 a bushel, having closed down ...
London copper slips to 12 week low on risk aversion, China worries SYDNEY: London copper fell on Thursday to its lowest in 12 weeks as traders shed riskier assets on renewed worries of turmoil in emerging markets, fed by escalating tensions in Ukraine. London copper prices have been trapped in a $7,000-$7,220-a- tonne range for most of February while in Shanghai, prices have hit the lowest in more than six months. Sentiment is souring as traders, impatient for signs that the industry is ramping up after the ...
London copper strikes 11-day high as dollar drops SYDNEY: London copper hit its highest in almost two weeks on Monday as soft US manufacturing data dragged down the dollar and sent short-position holders scuttling for cover. Cooling growth in the United States and China has curbed demand for metals. This has encouraged some investors to bet on falling prices, leaving them vulnerable to currency movements. A weaker dollar makes commodities more affordable for holders of other currencies. "USD weakness is driving all the ...
Soybeans edge higher ahead USDA export data SYDNEY: US soybean futures rose on Thursday on expectations for strong export data from the US Department of Agriculture, though gains were capped by confirmation that China, the world's largest buyer of the oilseed, canceled US orders.Wheat fell, extending losses into a second straight session, while corn edged lower on forecasts for crop-friendly weather in South America.Chicago Board of Trade March soybeans futures rose 0.38 percent to $13.28 a bushel by 0305 GMT, having closed ...
London copper slips; China optimism supports prices SYDNEY: London copper edged lower on Thursday as traders took profits after buoyant Chinese trade data and optimism sparked by comments from the new Federal Reserve chair helped prices rally one percent in the previous session. China surprised markets with a thumping trade performance in January as import growth hit a six-month high, drawing some scepticism about the data but allaying fears of a deepening economic malaise in the world's top metals user. The data ...

 



 
Index Closing Chg%
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln