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London copper inches up, Fed meeting in focus MELBOURNE: London copper edged up on Tuesday from near three-month lows, as traders squared their books ahead of a Federal Reserve meeting that is expected to offer clues on when US interest rates will climb.London Metal Exchange aluminium, nickel and zinc all rose around 1 percent, with lead up around half a percent, although traders noted that volumes were lower than usual. "There's an element of retracement from yesterday's weakness and possibly a bit of position-squaring ahead of the Federal Reserve's two-day meeting that starts today," said analyst Mark Keenan at Societe Generale in Singapore. "It's been a pretty weak period in general month-to-date. For example, ali is still 4.5-percent down, including today's bounce, which is a pretty steep fall." Three-month copper on the London Metal Exchange had climbed 0.5 percent to $6,855 a tonne by 0215 GMT, after ending the previous session a tad weaker. LME copper slipped to ...

LME copper near 3 month low on China growth jitters MELBOURNE: London copper slipped towards three-month lows on Monday after growth at China's factories stumbled to its weakest in nearly six years in August, fuelling concerns over its metals demand. As well as weakening growth in China's factories, growth in other key sectors also cooled, raising fears the world's second-largest economy may be at risk of a sharp slowdown unless Beijing takes fresh stimulus measures. "It's going to be a messy day I think," said ...
LME copper holds near 1 month low as stock build looms SYDNEY: Copper was perched above one-month lows on Thursday but looked vulnerable to fresh losses as cracks appeared in global economic growth, while expectations supply will rise towards year-end also kept a lid on prices. An abrupt slowdown in China's credit growth as well as wobbles in Europe's economy as result of sanctions over the Ukraine are threatening to derail global growth and casting a pall over metal demand. Added to these concerns are worries ...
London nickel slips from two-month highs on stronger dollar SYDNEY: London nickel slipped from near two-month highs on Tuesday as the dollar rose, sparking profit-taking across metals, but gains were underpinned by prospects of an ore export ban from the Philippines. Nickel prices rallied more than 7 percent over the previous four trading days on concerns the top supplier of nickel ore for China's stainless steel industry could wind back or halt exports, worsening a supply shortfall after a similar move by Indonesia in ...
Corn futures extend losses as frost threat eases SYDNEY: US corn futures inched down on Tuesday as concerns over potential frost damage eased, extending losses into a sixth session out of seven amid expectations for a record crop.Wheat followed corn lower, while soybeans also edged down as cold weather forecasts weakened.Chicago Board of Trade December corn futures fell 0.4 percent to $3.47 a bushel, having closed down 2.2 percent the session before."The thinking now is that the cold snap is not severe enough ...
Australia's largest wheat exporter scraps port access plan SYDNEY: CBH Group, Australia's largest wheat exporter, has scrapped plans for a new system to allocate port access at its grain terminals following complaints from some users that the scheme was unfair to new entrants to the market. Australian regulations require grower cooperative CBH Group to offer access at its four grain terminals in the state of Western Australia to rival exporters such as Cargill and Glencore.The company said in a statement on Tuesday that ...
LME copper steady, traders price in US rate hike delay SYDNEY: London copper was little changed on Monday with China trade thin due to a long weekend and expectations the Federal Reserve would delay an interest rate hike after Friday's weaker-than-expected U.S. jobs report.Easier policies announced by the European Central Bank last week and targeted easing by China has cushioned manufacturing industries by easing capital, but stuttering economic growth may yet stunt demand."More from the central banks, regardless of the numbers, will help drive prices," ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln