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Copper drops on China worries, faces 9 pct July loss LONDON: Copper and most other base metals extended their downtrends on Friday on persistent worries about demand in top consumer China, leaving copper facing its biggest monthly loss since January. Declines on the day were muted, however, as traders squared their books ahead of the month-end and Chinese factory data due to be released over the weekend. Investors remained on edge about demand in top metals consumer China, after an official warned that risks from a slowing economy must not morph into social risks and as the volatile Chinese stock market fell again. "I think in all the metals we are in an extended, excessive downward move, which may continue for some time," said Eugen Weinberg, head of commodity research at Commerzbank in Frankfurt. "It's very difficult to call a bottom, especially given the insecurity and high volatility on Chinese equity markets and the somewhat stronger dollar in recent weeks." ...

South Korea buys 30,000 T rice from US and China HAMBURG: South Korea's Agro-Fisheries & Food Trade Corp. has purchased around 30,000 of rice to be sourced from the United States and China in an international tender on Friday, European traders said. The purchase included about 20,000 tonnes of US rice purchased at $961 a tonne, they said. A further 10,000 tonnes of Chinese origin rice was purchased at $998.78 a tonne, they said. Copyright Reuters, 2015 ...
Robusta coffee steady before expiry, raw sugar flat LONDON: Robusta coffee futures held steady before a contract expiry on Friday, with dealers focused on a big front-month premium, while arabica edged up supported by a softer dollar. Raw sugar futures were steady, with upside capped by a weak Brazilian currency. Cocoa was little changed in light volumes. September robusta was flat at $1,648 a tonne, not far from Tuesday's two-month low of $1,624. The most-active September arabica coffee contract on ICE Futures US ...
London copper facing near 9pc July loss as demand stutters MELBOURNE: London copper ticked lower on Friday and was facing its biggest monthly loss since January amid sputtering Chinese demand and a stronger dollar, with traders squaring books ahead of the month-end and Chinese factory data over the weekend.Copper prices are staring down the barrel of a nearly nine percent monthly loss, amid seasonally soft summer demand from end users in China and ample refined supply. A stronger dollar has also cast headwinds across commodities ...
Russia's Norilsk Nickel says Q2 nickel output at 64,000 tonnes MOSCOW: Russia's Norilsk Nickel , one of the world's largest nickel and palladium producers, said on Friday its second-quarter nickel output was at around 64,000 tonnes and its palladium production at 726,000 troy ounces.The company's second-quarter nickel production was 5 percent lower than in the first quarter, but palladium output was up 15 percent quarter-on-quarter, it said.Norilsk also said it saw 2015 nickel output at 220,000-226,000 tones from Russian raw materials.Copyright Reuters, 2015 ...
Gold falls 1 pct as dollar rises on Fed rate hike expectations NEW YORK/LONDON: Gold fell 1 percent on Thursday to a near a 5-1/2-year low as the dollar rose after data showed the US economy improved in the second quarter, supporting views that the Federal Reserve would lift rates by year-end. The US Department of Commerce said gross domestic product expanded at a 2.3 percent annual rate.First-quarter GDP, previously reported to have shrunk at a 0.2 percent pace, was revised up to show a 0.6 percent ...
Copper down on dollar strength after Fed and weak China shares LONDON: Copper slipped on Thursday, weighed down by a firmer dollar after the US Federal Reserve set the scene for a possible interest rate rise and on jitters about China after its stock market retreated. Three-month copper on the London Metal Exchange slid 1.3 percent to close at $5,260 a tonne after rising 0.6 percent in the previous session when prices hit the highest in six days at $5,398 a tonne. Copper has shed about ...

 



 
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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%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln