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London copper eyes biggest weekly loss in more than three years MELBOURNE: London copper edged up on Friday after Beijing boosted lending measures but it was set to notch up its biggest weekly loss since 2011, hammered by bearish sentiment on global growth, with traders looking to sell into any rallies.Copper found near-term support from news China's central bank will increase its relending quota by 50 billion yuan ($8.1 billion) this year, stepping up efforts to give targeted support to parts of the economy it sees as lagging.However, echoing comments made by the World Bank at the start of the week, a sharp drop in oil prices and a stronger US economy probably won't be enough to brighten the outlook for global growth this year, the head of the International Monetary Fund warned on Thursday.Given copper's technical break and surrounding bearish macroeconomic themes, "I definitely think this has further to go," said analyst Tim Radford of Sydney-based adviser Rivkin.Three-month copper on ...

London copper climbs after slide, gains to be capped MELBOURNE: London copper climbed on Thursday on a mix of bargain-hunting and short covering, a day after its biggest slide in more than three years, but traders said selling would cap rallies even as large-scale buyers were lying in wait at lower levels.Copper took a bruising after a bearish World Bank report on global growth, which would have been even darker had it not been for a 60 percent drop in oil prices, although that ...
Copper rout echoes oil; traders brace for more selling MELBOURNE: Copper prices extended their plunge on Wednesday to trade at the lowest in more than half a decade, as a rout that has punished other commodities such as oil took a firmer grip on the metal and traders braced for more losses. Prices of copper - often seen as a bellwether for global economic health because of its use in industries ranging from construction to consumer goods - spiralled as much as 8 percent ...
Copper suffers meltdown on growth anxiety, euro on defensive SYDNEY: Unease over the global economy engulfed commodities and dented Asian equities on Wednesday, while the euro loitered near nine-year lows as investors bet the European Central Bank was just a week away from launching a new stimulus campaign.As if the plunge in oil prices is not enough of a worry for global policymakers, copper futures dived 6.2 percent to $5,499 a tonne when major chart support cracked and triggered a host of stop-loss sales.The ...
London copper retreats below $6,000; nears five-year low MELBOURNE: London copper slipped back towards a five-year low below the $6,000-mark on Tuesday, shrugging off benign trade data from top metals user China as further falls in oil markets soured broader appetite for commodities. China's exports and imports exceeded market expectations in December, a welcome sign that Beijing has found support for its cooling manufacturing sector as a stronger US economy offsets weakness in Europe and Japan. Bargain hunters also helped to boost copper ...
London copper mired near 4-1/2 year lows on growth worries MELBOURNE: London copper teetered towards fresh four-and-a-half year lows on Monday, with investors betting further losses were to come given stuttering demand growth in the United States and China.US job growth increased briskly in December, but wages posted their biggest decline in at least eight years in a sign the tightening labour market has yet to give much of a boost to workers. China's annual inflation data gave policy makers more room to ease policy ...
London copper ticks up from 4-1/2-year lows as oil takes breather MELBOURNE: London copper climbed off 4-1/2-year lows on Thursday as oil steadied, but analysts and traders said that any calm could prove short-lived and Chinese buyers were waiting for lower prices."(Copper's price weakness) is intertwined with the sell-off in energy prices. I think it's very possible it will go through $6,000," said analyst Daniel Morgan at UBS in Sydney.Three-month copper on the London Metal Exchange was up 0.3 percent at $6,132 a tonne by 0343 ...

 



 
Index Closing Chg%
Arrow DJIA 18,162.99 0.67
Arrow Nasdaq 5,106.59 1.47
Arrow S&P 2,123.48 0.92
Arrow FTSE 7,033.33 1.21
Arrow DAX 11,771.13 1.26
Arrow CAC-40 5,182.53 1.95
Arrow Nikkei 20,472.58 0.17
Arrow H.Seng 28,081.21 0.60
Arrow Sensex 27,564.66 0.12





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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyApril
Trade Balance $-1.795 bln
Exports $1.995 bln
Imports $3.790 bln
WeeklyMay 26, 2015
Reserves $17.749 bln