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London copper comes off 2-1/2 month high after China flash PMI MELBOURNE: London copper hit the highest in more than two months on Tuesday, as a weaker dollar fuelled chart-based buying, before giving back most of its gains after a weak reading on factory health in top consumer China.Activity in China's factory sector dipped to an 11-month low in March as new orders shrank, a private survey showed, signalling persistent weakness that will likely add to calls for more policy easing."People are still questioning the strength in demand. But if I was a Chinese consumer, I would be trying to stockpile as much as possible at these low price levels because they are only going higher given the dollar," said Jonathan Barratt, chief investment officer at Ayers Alliance in Sydney.Three-month copper on the London Metal Exchange jumped to $6,203.50, the loftiest since Jan. 5, before easing to $6,139 a tonne by 0230 GMT, up 0.3 percent.A break above $6,300 may trigger ...

Copper bounces from 2-week low as bank news sparks short-covering MELBOURNE: London copper bounced off early two-week lows on Monday after some Chinese banking stocks soared on hopes Beijing would grant more brokerage licences, which forced copper shorts to cover and offset the impact of gloomy Chinese imports and a strong dollar.China said it was considering issuing banks with brokerage licences as part of financial reforms, which sent stocks of banks up sharply.The gains in metals came despite the dollar's strength after Friday's jobs report ...
Wheat extends gains into third session, near one-week high SYDNEY: US wheat futures rose for a third consecutive session to hover close to a one-week high as the grain drew continued support from concerns about potential damage to US supplies.May wheat rose 0.6 percent to $5.16 a bushel, having closed up 2.5 percent on Friday when prices hit a one-week high of $5.17-3/4 a bushel.Chicago Board Of Trade May soybeans rose 0.2 percent to $10.33-1/4 a bushel, having firmed 0.5 percent on Friday when ...
Glencore cuts Australian coal output on weak demand, supply glut SYDNEY: Mining and commodities giant Glencore Xstrata on Friday said it was reducing its coal production in Australia by 15 million tonnes amid weak global demand and oversupply.It is understood that up to 120 jobs at Glencore's 13 Australian mines could be affected as a result of the cuts, which will include scaling back some operations and deferring projects.The announcement follows the Swiss company's decision to shut its mines for three weeks over the Christmas ...
London copper drifts as China holiday draws to close| MELBOURNE: London copper slipped on Tuesday on trader caution ahead of a speech by Federal Reserve Chair Janet Yellen later in the session, with volumes expected to improve as China returns from a week-long break on Wednesday.The overall mood on copper remains gloomy, given China's slowing growth and struggling property sector, with physical traders expecting only light consumer buying into next week, as China filters back from holiday."The weakness in prices we saw in the ...
Australia's Roy Hill iron ore mine on schedule for Sept 2015 PERTH: Australian billionaire Gina Rinehart's $10 billion Roy Hill iron ore mine is on track to begin exporting in September 2015 and will have shipped 5 million tonnes by the end of the year, a company executive said on Wednesday."We're certainly on budget. We remain ahead of overall schedule," Garry Torte, Chief Financial Officer of Roy Hill, told Reuters. The 55-million-tonnes a year mine is expected to ramp up ahead of the company's original 30-month ...
Australian wheat lowest in Iraq's 50,000 Tonnes wheat tender HAMBURG: Australian wheat was offered lowest at $279.70 a tonne c&f free out (ciffo) in a tender from Iraq's state grains board to buy at least 50,000 tonnes of hard wheat, European traders said on Monday.The tender closed on Sunday and offers must remain valid up to Thursday, Feb. 19, traders said.No purchase had yet been made, they said.Australian wheat was the main origin in the tender, with a total 550,000 tonnes offered, traders said.The ...

 



 
Index Closing Chg%
Arrow DJIA 18,080.14 0.12
Arrow Nasdaq 5,092.09 0.71
Arrow S&P 2,117.69 0.23
Arrow FTSE 7,070.70 0.24
Arrow DAX 11,810.85 0.74
Arrow CAC-40 5,201.45 0.44
Arrow Nikkei 20,020.04 0.83
Arrow H.Seng 28,060.98 0.84
Arrow Sensex 27,437.94 1.07





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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