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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 in turn is also eroding the price of commodities, said analyst Mark Keenan of Societe Generale in Singapore."Yesterday's move was very big - it was compounded by speculative selling, by Chinese selling, by option activity," he said. "We are still bearish copper."Three-month copper on the London Metal Exchange climbed by 1.5 percent to $5,628.50 a tonne by 0738 GMT, after careening down 5.3 percent on Wednesday. The price tumbled more than 8 percent at one ...

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 ...
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 ...


Index Closing Chg%
Arrow DJIA 17,598.20 0.52
Arrow Nasdaq 5,115.38 0.25
Arrow S&P 2,098.04 0.25
Arrow FTSE 6,688.62 0.11
Arrow DAX 11,443.72 1.19
Arrow CAC-40 5,120.52 0.75
Arrow Nikkei 20,548.11 0.11
Arrow H.Seng 24,411.42 0.91
Arrow Sensex 28,187.06 0.26

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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 $-22.095 bln
Exports $23.885 bln
Imports $45.980 bln
WeeklyAugust 03, 2015
Reserves $18.536 bln