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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 of $5.89 earlier in the day. Wheat closed down 1.4 percent on Friday."Volumes are pretty thin, and I think we are seeing some correction after a heavy sell-off last week," said Andrew Woodhouse, grains analyst, Advance Trading Australasia."Prices continue to remain under pressure and I wouldn't be surprised to see the gains pared later in the session."Analysts also noted some support from potential damage to soft red winter crops as temperatures are set to plunge ...

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 ...
One-time economic engine of Australia in deficit as iron ore sinks SYDNEY: Western Australia state, once the "economic engine" of Australia, on Monday recorded its first budget deficit in 15 years as royalties from iron ore plummet.Western Australia treasurer Mike Nahan said the A$1.28 billion ($1.04 billion) budget deficit stemmed from a fall of more than 40 percent in the iron ore price leading to a A$7.1 billion drop in royalty revenues.A deficit of A$907 million is forecast for next year, with analysts doubtful of any ...
Copper futures drop, oversupply worries drag SYDNEY: Copper prices inched down on Monday, reversing gains from the previous session on concerns over global oversupply. 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 of Resource and Energy Economics, equivalent ...
LME copper eases in step with oil SYDNEY: London copper was lower on Thursday, shedding modest overnight gains in step with weaker oil, while Shanghai copper futures ended flat, stabilised by a positive economic survey of Chinese companies. Sales, profits, and employment in China improved "a bit" during the second half of the year, the China Beige Book said in a research note distributed to clients, citing findings from its quarterly survey of 2,000 Chinese firms. It noted that wage and job ...

 



 
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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
WeeklyApril 16, 2015
Reserves $16.818 bln