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London copper climbs after China factory data SYDNEY: London copper rose on Thursday after a slight pickup in growth in China's vast manufacturing sector, but simmering uncertainties over the global economy kept a lid on prices.China's factory sector grew a shade faster in October as firms saw more foreign and domestic orders, a private survey showed on Thursday, though the modest expansion likely won't dispel concerns about the cooling Chinese economy."It would be a false hope for people to be expecting China policymakers to come to the rescue (of the copper market) yet again," said analyst Matthew Fusarelli of AME Group in Sydney."We are expecting slower demand growth next year and we expect to see a lot higher smelter utilisation rate given the extra mine supply coming out," he said.The AME Group expects the global refined copper market to be balanced this year for the first time since 2009, swinging into a surplus of more than 500,000 ...

Gold hits one-month high on flat dollar, slowing China growth LONDON: Gold rose to a one-month high on Tuesday as the dollar edged down slightly and on worries over a slowdown in the global economy after China's growth eased in the third quarter to its weakest since the 2008/09 financial crisis.Data showed China's gross domestic product (GDP) grew 7.3 percent between July and September from a year earlier, down from a 7.5 percent in the second quarter, although slightly above the 7.2 percent forecast by ...
Arabica coffee extends decline on Brazil rains, sugar down LONDON: Arabica coffee futures on ICE extended losses on Tuesday as rainfall in top grower Brazil was expected to provide some relief to trees stressed by unseasonably dry conditions.Raw sugar futures eased, under pressure from surplus supply, while cocoa was also lower.December arabicas were down 2.9 cents or 1.5 percent to $1.9650 per lb at 0948 GMT, having fallen around 7 percent since last week's close on improving weather conditions."Rain has now been forecast for ...
Russia's natural resources minister wants shale oil regulation eased MOSCOW: Russia needs to lighten regulation to exploit unconventional oil deposits, including shale, its natural resources minister said, as conventional resources dwindle and Western sanctions limit access to foreign technologies and financing.The world's top oil producer, believed to hold most of the world's shale oil, extracts less than a million tonnes a year from unconventional sources, including heavy, tight and shale. It pumps conventional oil near its capacity of about 10.5 million barrels per day, ...
Oil climbs to $86 as China oil demand rises LONDON: Brent crude oil rose to around $86 a barrel on Tuesday on news of robust Chinese oil demand, although gains were capped by oversupply and concerns over the health of the rest of the global economy.Implied oil demand in the world's largest energy consumer jumped 6.2 percent in September from August to 10.3 million barrels per day, the highest since February.China's factory output also beat expectations, rising 8 percent in September from a year ...
Gold climbs above $1,240/oz as European stocks retreat LONDON: Gold snapped two days of losses to rise on Monday as renewed weakness in European stocks boosted interest in the metal as an alternative asset, though a tentative recovery in risk appetite on other markets limited its gains.The metal rebounded sharply after falling to its lowest in over a year earlier this month, as jitters over growth prompted stock markets to sell off aggressively.A bounce in equities after upbeat housing and consumer sentiment data ...
Soy hits 1-week low on favourable US harvest weather LONDON: Chicago soybean futures fell to a one-week low and corn prices also weakened on Monday with drier weather in the U.S. Midwest set to allow harvesting to accelerate.Wheat prices also lost ground weighed by weakening demand from the feed sector.November soybeans on the Chicago Board of Trade were off 1.1 percent at $9.41-1/4 a bushel at 1023 GMT after earlier touching a one-week low of $9.40-1/4."The weather is looking great and it will help ...

 



 
Index Closing Chg%
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln