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London copper holds steady, brighter US prospects support SYDNEY: London copper was trading flat on Wednesday, hurt by evidence of economic cooling in top consumer China but buttressed by signs of a growth revival in the United States. Still, prospects are improving for the metal to post a better year in 2014 compared with last year, as global economic growth takes root and investors take a fresh look at metals, one of the worst performing asset classes last year. "We're favourable to the whole sector, driven by declining inventories across the board and the re-emergence of economic growth," analyst Mark Keenan of Societe Generale in Singapore said. "We're also seeing a bit of an increase in asset location by long-term investors like pension funds. They are interested in buying into weakness because of the sector's performance last year," Keenan said. Three-month copper on the London Metal Exchange was little changed at $7,350 a tonne by 0414 GMT, after ...

London copper edges up as investors eye rosier growth SYDNEY: London copper edged up from near two-week lows on Tuesday as investors shrugged off a cool-down in top metals consumer China to turn more optimistic on global growth. China's economic growth slowed into year-end, data from its services sector underlined on Monday as it mirrored slower expansion in factory activity, sending prices of most metals to their lowest in between two weeks and one month. But prospects that 2014 may herald improving global economic ...
Corn futures hit 2 week low, set for biggest annual slide SYDNEY: US corn futures hit a fresh two-week low on Tuesday as rains in Argentina eased heat stress on crops, adding to an already bumper global crop which has pushed prices down nearly 40 percent during the year, the biggest annual slide for the grain on record.Soybeans edged higher, but were set to post annual losses of more than 6 percent, while wheat fell back slightly, with yearly losses topping 20 percent.Chicago Board of Trade ...
Corn hits 11-day low, soy falls on Argentine rains SYDNEY: US corn futures fell to an 11-day low on Monday and soybeans also edged lower as rains across major exporter Argentina eased heat stress on the crops.Wheat also slipped under pressure from the weakness in corn, analysts said.Chicago Board of Trade March corn slid 0.47 percent to $4.25-1/2 a bushel, just above the session low of $4.25-1/4 a bushel which was its lowest since December 19. Corn had firmed 0.29 percent in the previous ...
Soybeans extend weather-driven slide into second session SYDNEY: US soybean futures fell for the second session on Tuesday, extending two-day losses to nearly 1 percent on expectations of improved crop weather in South America and talk of decreased demand from China for US stocks.Corn dropped for the first time in four sessions on the weather forecasts for Argentina and Brazil, while wheat stood near contract lows as predictions of bumper global stocks continued to weigh.Chicago Board of Trade January soybeans had declined ...
Wheat snaps 5-day losing streak, but ample supplies cap gains SYDNEY: US wheat futures rose for the first time in six sessions on Thursday, snapping the longest losing streak in a month, although forecasts for huge global supplies capped gains.Soybeans recovered slightly from the previous session's losses of more than 1.5 percent, while corn was flat.Chicago Board of Trade March wheat futures rose 0.2 percent to $6.14 a bushel by 0331 GMT, retaining most of the previous session's sharp drop of 1.2 percent.Wheat shed almost ...
Soybeans edge lower first time in four sessions SYDNEY: US soybean futures fell for the first time in four sessions on Wednesday as traders squared positions ahead of the US Federal Reserve's decision on its stimulus program.FUNDAMENTALSChicago Board Of Trade January soybeans fell 0.43 percent to $13.40-3/4 a bushel, having firmed 0.65 percent on Tuesday.March corn little changed at $4.26-1/2 a bushel, having gained 0.95 percent in the previous session.March wheat fell 0.24 $6.18-1/4 a bushel, having closed down 0.32 percent on Tuesday.The ...

 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln