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London copper stuck near 4-1/2-year lows on oil rout; eyes $6,000 MELBOURNE: London copper hovered near 4-1/2-year lows on Wednesday as a rout in global oil markets hit broader investor confidence in commodities, with prices expected to soon drop below $6,000 a tonne.Prices have also been hurt by worries over Chinese growth and as the possibility that Greece will quit the eurozone dents appetite for risk."It's easy to blame oil, but I think clearly Greece was (also) one of the key issues, and the numbers towards the end of the year from China were on the weak side," said analyst Dominic Schnider of UBS Wealth Management in Hong Kong."All this weakness is ... because demand is not in good shape. You have this environment where copper is going to drop below $6,000. That's imminent."China's annual economic growth likely slowed to 7.2 percent in the fourth quarter, the weakest since the depths of the global crisis, a Reuters poll showed on Monday.Three-month ...

Australia port's Dec iron ore shipments to China up 5pc SYDNEY: Exports of iron ore to China via the Port Hedland terminal rose 5 percent in December from November, underscoring in part a subdued start to the Australian cyclone season, figures released on Tuesday showed. December shipments to China from Port Hedland, which handles about a fifth of the world's seaborne trade, increased by 1.57 million tonnes month-on-month to 30.6 million, according to Pilbara Ports Authority. The increase, in the face of depressed spot iron ...
Glencore says restarting Australia coal mines shut to fight glut SYDNEY: Glencore Plc on Monday said it was restarting coal mining operations in Australia, following a three-week suspension aimed at combating a global supply glut made worse by protectionist trade measures introduced in China. The suspension by the world's biggest exporter of thermal coal underscored producer concerns about over-supplied coal markets, though it did little to turn depressed coal prices around."We are in the process of resuming coal production, as planned," Glencore said in a ...
Wheat prices firm as much as 1pc, global supplies cap gains SYDNEY: US wheat futures rose as much as 1 percent on Monday, rebounding from heavy losses over the previous four sessions, though ample global supplies capped gains.Soybean futures climbed for the first time in five sessions, edging higher after losses of nearly 4.5 percent over the period. Corn also edged up as US exports topped market expectations.Chicago Board of Trade March wheat futures climbed 0.82 percent to $5.86 a bushel, having hit a session high ...
London copper slips further, oversupply worries drag SYDNEY: London copper futures slipped further on Tuesday after retreating in the previous session, vulnerable to concerns of global oversupply.A massive sell-off sent the metal to its lowest level in 4-1/2 years earlier this month amid signs of a supply glut, a situation aggravated by slowing industrial growth in China.Most commodities appear oversold, but weak near-term fundamentals are unlikely to boost investor confidence, ANZ Bank said in a research note.Supply-side issues will dominate early next ...
London copper inches up, but oversupply worries drag SYDNEY: London copper futures posted modest gains on Tuesday after retreating in the previous session, but remained vulnerable to concerns of global oversupply. A massive sell-off sent the metal to its lowest level in 4-1/2 years earlier this month amid signs of a supply glut, a situation aggravated by slowing industrial growth in China. Most commodities appear oversold, but weak near-term fundamentals are unlikely to boost investor confidence, ANZ Bank said in research.Supply-side issues will ...
Copper reverses early losses; up on bargain hunting, oil SYDNEY: Copper prices traded slightly higher on Monday, reversing losses earlier in the day, with traders saying contracts looked cheap following recent price drops.Copper is down some 13 percent so far this year on worries the market is heading into a supply surplus after several years of deficit, and on slowing economic growth in China, which consumes nearly half the world's copper. A worldwide surplus of 300,000 tonnes is forecast in 2015 by Australia's Bureau ...

 



 
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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%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyMay 21, 2015
Reserves $17.75 bln