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Gold slips as ECB stimulus talk benefits dollar LONDON: Gold fell on Wednesday as the dollar rose against the euro on the prospect of more stimulus from the European Central Bank, but moves remained muted as physical demand lent support. The euro eased after European Central Bank vice president Vitor Constancio said the bank will be able to gauge in the first quarter of 2015 whether it needs to start buying sovereign bonds. Recent strong US economic data has fuelled talk that the Federal Reserve could soon raise rates. Divergence between Fed monetary policy and that of other central banks is seen as lifting the dollar, while higher interest rates raise the opportunity cost of holding non-yielding bullion. Spot gold was down 0.4 percent at $1,195.90 an ounce at 1037 GMT, while US gold futures for December delivery were down $2.70 an ounce at $1,194.40. "At the moment we have a stand-off situation," LBBW analyst Thorsten Proettel said. ...

Copper falls to three-week low on demand worries LONDON: Copper fell to a three-week low on Wednesday on the outlook for demand from top consumer China where economic growth has been slowing. Three-month copper on the London Metal Exchange (LME) fell to its lowest since Nov 5 at $6,558 a tonne in intraday trade, before slightly paring losses to trade at $6,570 a tonne at 1138 GMT, down 0.5 percent. Volumes fell ahead of the Thanksgiving Day holiday in the United States and ...
Arabica coffee prices slip in technically-driven trade LONDON: Arabica coffee futures on ICE dipped on Tuesday with the market driven largely by technical trading while sugar edged higher and cocoa was little changed.March arabica coffee futures on ICE was down 1.65 cents or 0.9 percent at $1.8885 per lb by 1230 GMT, drifting towards support at a recent low of $1.8540 set two weeks ago.Dealers said the market remained choppy, awaiting more clarity on the outlook for Brazil's 2015/16 harvest."I think the ...
Copper slips as demand worries persist despite China easing LONDON: Copper slipped on Tuesday as investors doubted whether additional monetary policy easing in top metals consumer China would translate into a significant improvement in demand.Three-month copper on the London Metal Exchange (LME) traded down 0.31 percent at $6,654 a tonne in official midday rings. It touched a three-week high of $6,772.50 on Friday after China cut benchmark interest rates in a bid to jumpstart the economy.On Tuesday, China's central bank lowered the yield for ...
Gold up around $1,200/oz on lower dollar; Swiss vote eyed LONDON: Gold edged up to around $1,200 an ounce on Tuesday after better-than-expected US economic growth data boosted the dollar only briefly and as the market looked to a Swiss referendum on central bank gold reserves for more trading cues.A right-wing Swiss party called the Nov. 30 vote, aiming to prevent the Swiss National Bank from offloading its gold holdings and obliging it to hold at least 20 percent of its assets in gold, compared ...
Copper steady as China eases but demand worries persist LONDON: Copper was steady on Tuesday as investors weighed additional monetary policy easing in top consumer China against worries that the measures would not necessarily translate into more metals demand. Three-month copper on the London Metal Exchange (LME) dipped 0.15 percent to $6,665 a tonne. It touched a three-week high of $6,772.50 on Friday after China cut benchmark interest rates in a bid to jumpstart the economy. On Tuesday, China's central bank lowered the yield ...
Gold holds around $1,200/oz; US data, Swiss vote eyed LONDON: Gold rose to around $1,200 an ounce on Tuesday as the dollar was steady ahead of US economic data, and the market looked to forthcoming Swiss referendum on central bank gold reserves for more trading cues. A right-wing Swiss party called the Nov. 30 vote, aiming to prevent the Swiss National Bank from offloading its gold holdings and obliging it to hold at least 20 percent of its assets in gold, compared with 8 ...

 



 
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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