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London copper climbs off 5-1/2 year lows; China, ECB in focus MELBOURNE: London copper climbed on Monday as prices recovered from last week's 5-1/2 year lows after China's state grid boosted spending plans, but caution over China's economy and this week's European Central Bank meeting were expected to cap any upward momentum.As part of a broader package of stimulus to help shore up its struggling economy, China's state power grid on Friday announced plans to boost investment by 24 percent this year to 420 billion yuan ($68 billion)."There is very strong support for actual grid investment," said analyst Ivan Szpakowski of Citi in Shanghai, who expects the new spending to support copper prices. China's power sector accounts for some 20 percent of global copper demand."The problem you have in the short run on copper is the negative macro climate. Until you get bullish macro news out of Europe or China, it's hard to see the macro community getting bullish, which creates ...

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 ...
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 ...

 



 
Index Closing Chg%
Arrow DJIA 16,351.38 1.82
Arrow Nasdaq 4,749.98 2.46
Arrow S&P 1,948.86 1.83
Arrow FTSE 6,083.31 0.41
Arrow DAX 10,048.05 0.32
Arrow CAC-40 4,554.92 0.30
Arrow Nikkei 18,095.40 0.39
Arrow H.Seng 20,934.94 1.18
Arrow Sensex 25,453.56 0.95





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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln