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London copper edges up in thin trade ahead of Lunar New Year MELBOURNE: London copper firmed in thin trade on Thursday as demand slowed ahead of the Lunar New Year and as talks over Greece's debt crisis stalled."I'm still optimistic we'll see some post-Chinese new year activity in terms of both Chinese import demand and industrial activity in general, though my expectations have been tempered a bit by the recent weak data points," said strategist Daniel Hynes of ANZ in Sydney.Hynes said weaker-than-expected Chinese inflation data ahead of the Lunar New Year had sparked speculation about the measures China may take to support its economy, adding the potential for a rate cut was likely to keep short sellers at bay.Three-month copper on the London Metal Exchange edged up 0.3 percent to $5,615.50 a tonne by 0738 GMT, after finishing flat in the previous session.A rebound in prices from 5-1/2 year lows of $5,339.50 tipped in late January has lost steam ahead of ...

London copper climbs as oil lends support; China eyed MELBOURNE: London copper climbed in thin trade on Wednesday, underpinned by gains in oil, but traders were reluctant to take on big positions given worries over Chinese demand growth, and as business slackens ahead of Lunar New Year."Everybody is ready for holidays now, so I would say physical demand is pretty soft and sentiment is very bearish," said analyst Judy Zhu of Standard Chartered in Shanghai."People don't want to be rushing into the market at ...
London copper drifts; Chinese demand eyed MELBOURNE: London copper drifted on Tuesday as worries over Chinese demand lingered, and as businesses wind down ahead of the Lunar New Year holidays next week.China's annual consumer inflation hit a five-year low in January, underscoring persistent weakness in the economy after China's trade performance slumped in January. The data adds more pressures on policymakers to support growth."I am a bit surprised that copper didn't weaken more given the trade numbers we got over the ...
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 ...
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 ...


Index Closing Chg%
Arrow DJIA 16,472.37 1.23
Arrow Nasdaq 4,707.77 1.74
Arrow S&P 1,951.36 1.43
Arrow FTSE 6,129.98 0.95
Arrow DAX 9,553.07 0.46
Arrow CAC-40 4,458.88 0.73
Arrow Nikkei 17,725.13 0.02
Arrow H.Seng 21,506.09 3.17
Arrow Sensex 26,220.95 0.25

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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.998 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklySeptember 21, 2015
Reserves $18.726 bln