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London copper pauses as Freeport eyes exports SYDNEY: London copper opened flat on Monday after a two percent gain last week, stalling on news that major miner Freeport was set to resume concentrate exports from Indonesia after a six-month halt. Freeport-McMoRan Inc clinched a deal with the Indonesian government on Friday allowing the miner to resume copper concentrate exports from the country, effectively ending a six-month tax dispute and paving the way for more miners to follow suit. A resumption in exports could help ease a significant shortage in refined supply for the first part of the year, but the market would still likely experience a deficit this year, said Helen Lau, senior mining analyst at UOB-Kay Hian Securities in Hong Kong. "The Freeport export will not really change the global supply picture, it is too small," she said. Freeport exports should inject around 110,000 tonnes of metal to the market, easing a 400,000 tonne deficit seen ...

Soybeans extend two-day gains to 2pc on dry weather concerns SYDNEY: US new-crop soybeans rose for a second straight session on Thursday to extend gains to 2 percent, as the oilseed drew support from concerns that dry weather might limit yields as old-crop stocks run tight. Copyright Reuters, 2014 ...
Australian wheat yields under pressure as dry weather seen persisting SYDNEY: Dry weather is likely to persist across eastern Australia for the next three months, the Bureau of Meteorology (BOM) said on Thursday, exacerbating stress on cattle and adding to concerns that wheat yields could suffer in the world's third largest exporter. The chance of below median rainfall between August and October is greater than 60 percent in northern Queensland, southern New South Wales and most of Victoria, the BOM said.The dry outlook threatens wheat ...
London copper hits one week top as China's growth revives SYDNEY: London copper rallied to its highest in more than a week on Thursday after China's factory sector grew at the fastest clip in 18 months in July, shrugging off news that Indonesia may soon resume ore exports that could smooth out kinks in supply. China is the world's biggest copper user, but slowing growth in manufacturing and property has dragged on the demand outlook for the metal while a surplus is expected to seep ...
London zinc, aluminium near peaks as investors buy SYDNEY: London zinc and aluminium were holding near recent highs on Wednesday after a flurry of interest from investors, but given a seasonal slowdown in demand, some wondered just how much further prices could run.Traders took some profits in Shanghai, suggesting downward pressure could drag on global prices later in the session."At the moment, it's pure momentum after the technical signals got sparked - but fundamentally there are questions," said analyst Dominic Schnider of UBS ...
Shanghai copper slides to near 2-week low on speculative selling SYDNEY: Shanghai copper fell to its lowest in nearly two weeks on Tuesday and dragged down London copper, with traders who follow chart-based strategies selling as a month-long rally appeared to sputter. London copper had surged 9 percent from June lows to hit a four-and-a-half month high of $7,212 a tonne on July 8 but has failed to build on the gains, despite generally improving economic sentiment. "We've had a pretty strong run - it's ...
LME copper hovers near 5 month peak, consolidates gains SYDNEY: London copper prices steadied on Wednesday near their highest in almost five months, underpinned by shrinking supply and improving prospects for global growth. Copper prices have rallied more than seven percent since mid June to above the $7,000 a tonne mark, driven by a lack of supply and a cheerier chart picture that has encouraged fund buying. China's moves to loosen monetary policy have also fed copper's rally, which may stretch further after Wednesday's ...

 



 
Index Closing Chg%
Arrow DJIA 17,827.75 0.07
Arrow Nasdaq 4,787.32 0.61
Arrow S&P 2,072.83 0.28
Arrow FTSE 6,729.17 0.03
Arrow DAX 9,915.56 0.55
Arrow CAC-40 4,373.42 0.20
Arrow Nikkei 17,383.58 0.14
Arrow H.Seng 24,111.98 1.12
Arrow Sensex 28,386.19 0.17






Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln