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London copper dips on firm dollar, increasing supply LONDON: Copper dipped on Wednesday as a firm dollar and the prospect of increasing supply of the metal offset growing confidence in U.S. economic growth.Data on Tuesday showed orders for long-lasting U.S. manufactured goods posted their biggest gain on record in July, helped by strong overseas demand for aircraft. The underlying trend remained firm, pointing to brisk economic growth.The figures bolstered the dollar, which hit a 13-month peak against a basket of currencies on Wednesday. The euro also hit its lowest level in a year against the U.S. currency as expectations grew that the European Central Bank will act soon to counter low growth and inflation.Industrial metals, priced in dollars, become more expensive for investors holding other currencies when the dollar rises.Three-month copper on the London Metal Exchange was $7,030 a tonne in official rings from $7,054 at the close on Tuesday. On Tuesday it hit an intraday high of ...

London copper dips on dollar, increasing supply LONDON: Copper fell on Wednesday as a firm dollar and the prospect of increasing supply of the metal offset growing confidence in U.S. economic growth.Data on Tuesday showed orders for long-lasting U.S. manufactured goods posted their biggest gain on record in July, helped by strong overseas demand for aircraft. The underlying trend remained firm, pointing to brisk economic growth.The figures bolstered the dollar, which hit a 13-month peak against a basket of currencies on Wednesday."Strength ...
Cocoa hits fresh 3-year high, sugar near 7-month low LONDON: Cocoa futures on ICE edged up on Wednesday to a more than three-year high, having climbed steadily since the start of the year as speculators bet on a global deficit in 2014/15, while raw sugar hovered near a seven-month low.Arabica coffee steadied following a rally in the prior session after a leading trade house forecast a fall in Brazil's 2015/16 production.Cocoa futures on ICE edged up to a more than three-year high, basis second ...
Gold edges higher as dollar retreats, equities steady LONDON: Gold prices rose towards $1,285 an ounce on Wednesday, recovering further from the previous week's two-month low, as stocks took a breather after a 2-1/2 week rally and the dollar index retreated from 13-month highs.Spot gold was up 0.3 percent at $1,284.90 an ounce at 1141 GMT, extending a recovery from last week's low at $1,273.06, while U.S. gold futures for December delivery were up 70 cents an ounce at $1,285.90.Soft German economic data ...
Taiwan passes in tender to buy 99,410 tonnes US wheat HAMBURG: The Taiwan Flour Millers' Association rejected all offers and made no purchase in a tender for 99,410 tonnes of milling wheat to be sourced from the United States which closed on Wednesday, European traders said. Prices were regarded as too high. A new tender is likely to be issued soon, traders said. The wheat had been sought in two consignments with the first for shipment between Oct. 12-26 and the second between Oct. 29-Nov. ...
Aluminium hits 18-month peak LONDON: Aluminium touched a 18-month peak on Tuesday, boosted by a big long position and declining available stocks, with metals markets also supported by hopes the European Central Bank would implement stimulus measures. Most industrial metals on the London Metal Exchange were in positive territory after signs of a weakening European economy increased hopes of market-friendly moves by central bankers.Three month aluminium was a top gainer on the LME, climbing to a session peak of ...
Sugar holds above 7-month low ahead of Brazil harvest update LONDON: ICE raw sugar futures hovered above a 7-month low on Tuesday, ahead of a harvest progress update from top grower Brazil, where sugar output is expected to remain well ahead of the previous season.Cocoa prices traded below a more-than 3-year peak hit earlier this month, while coffee was higher.Brazil's cane industry association Unica will publish its latest harvest progress report, along with an updated forecast for the 2014/15 crop, at 1500 GMT."The Unica report ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 25, 2014
Reserves $13.925 bln