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London copper steadies as China trade jitters subside MELBOURNE: London copper steadied on Monday, as jitters subsided following surprisingly weak Chinese import data at the weekend that fueled worries over fragile economic growth in China.China's trade performance slumped in January, with exports falling 3.3 percent from year-ago levels while imports tumbled 19.9 percent, far worse than analysts had expected and highlighting deepening weakness in the Chinese economy.Global price moves and the impact of holidays may have overstated the extent of the downturn.Still, the slowdown in seaborne trade of commodities such as iron ore and coal was disappointing, along with the drop in copper imports despite cheaper prices, said Daniel Morgan of UBS in Sydney."I would have expected a lift in copper, and some price sensitive buying, so in that context, the import figures are a little soft..(but) it's not until after Chinese New Year that we're going to get a clearer picture of what's going on."China's imports of ...

Soybeans edges higher, gains capped by South American outlook SYDNEY: US soybeans edged higher on Thursday, recovering slightly from losses of more 1.5 percent, although favorable weather conditions in Brazil kept a lid on gains.Corn edged lower, extending losses into a second session, while wheat also fell.Chicago Board of Trade March soybeans rose 0.1 percent to 9.73 a bushel, having closed down 1.5 percent in the previous session.However, analysts said the outlook for Brazilian supplies would likely cap any gains."The Brazilian Real continuing to ...
Copper slips as traders take profits on China bank reserve move MELBOURNE: London copper sank on Thursday from two-week highs touched the session before as traders who bought copper on talk of fresh easing measures by China took profits after it cut its bank reserve requirements.China's central bank made a system-wide cut to bank reserve requirements on Wednesday, the first time it has done so in over two years, to unleash a fresh flood of liquidity to fight off economic slowdown and looming deflation."The market is ...
Copper see-saws as it strives to hold gains amid oil slip SYDNEY: London copper futures traded slightly lower in late Asia trading, see-sawing during the day and holding close to the strongest gains since mid-2013 posted overnight."Copper made a strong showing after Tuesday's (London) session though some profit-taking was inevitable," said a trader in Sydney.Three-month copper on the London Metal Exchange was 0.36 percent lower at $5,669.50 at 0748 GMT. The contract jumped more than 3 percent in Tuesday's London session on the back of higher ...
Shanghai copper jumps nearly 3pc on China stimulus hopes MELBOURNE: Shanghai copper jumped nearly three percent on Monday, after an official report showed factory growth in China shrank for the first time in more than two years last month, fuelling hopes for increased stimulus from the world's second biggest economy.A private business survey mirrored the result, showing the factory sector contracted a second straight month in January, as 2015 got off to a rocky start.The more China's economy slows, the more pressure Beijing will ...
London copper climbs as dollar falters ahead of Fed MELBOURNE: London copper moved further away from 5-1/2-year lows on Wednesday, propped up by a weaker dollar after a drop in US capital goods orders sparked talk the Federal Reserve might push back its timeline for raising interest rates.Copper prices have been walloped by persistent signs of weakening growth in top user China as well as sickly European demand and a surge in the dollar.The Federal Reserve is expected to signal it remains on track ...
London copper sags as traders trim risk ahead of ECB meet MELBOURNE: London copper slipped on Thursday from one-week highs hit the session before, as traders took profits on long positions built up on expectations the European Central Bank will announce weighty bond-buying measures later in the day.Weakness during Asian trading hours reflects some scepticism by regional traders on the impact of any ECB move, said strategist Daniel Hynes of ANZ in Sydney."Copper is certainly still heavily shorted so I think you'll continue to see these ...


Index Closing Chg%
Arrow DJIA 17,730.11 0.16
Arrow Nasdaq 5,009.22 0.08
Arrow S&P 2,076.78 0.03
Arrow FTSE 6,585.78 0.67
Arrow DAX 11,058.39 0.37
Arrow CAC-40 4,808.22 0.57
Arrow Nikkei 20,539.79 0.08
Arrow H.Seng 26,064.11 0.83
Arrow Sensex 28,092.79 0.53

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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 $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 01, 2015
Reserves $18.5 bln