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Copper losses fuelled by China manufacturing data LONDON: Copper prices fell on Tuesday as expectations of weak demand from top consumer China were fuelled by data showing the country's manufacturing sector contracting at its fastest pace in three years. Benchmark copper on the London Metal Exchange (LME) traded at $5,097 a tonne by 0941 GMT, down 0.7 percent from Friday's close. The metal used in power and construction hit a six-year low of $4,855 last week. "Looking at fundamentals, China and demand, it's not looking terribly healthy," said Sergey Raevskiy, metals research analyst at SP Angel. China's official manufacturing Purchasing Managers' Index fell to 49.7 in August, from 50.0 in July. The new orders component - a proxy for domestic and foreign demand - fell to 49.7 in August from July's 49.9. New export orders contracted for an 11th straight month. Negative sentiment on China can be seen in the country's equity markets, which started September with ...

Soybeans fall on stable crop rating, renewed China worries PARIS/SINGAPORE: Chicago soybean futures eased on Tuesday, snapping three sessions of gains, following a better-than-expected rating for US crops and as equity and commodity markets slipped on renewed concerns about a faltering Chinese economy. US corn edged lower in step with soybeans, while wheat inched higher with support from a softer dollar to recover from a three-month low linked to export competition in a well-supplied international market. The Chicago Board of Trade's most-active soybean contract ...
Wheat, corn, soy face 2nd month of falls on ample supplies SINGAPORE/PARIS: Chicago soybean futures fell on Monday with the market on track for a second month of losses, on the prospect of near-record US production adding to all-time high supplies from South America earlier this year.Wheat and corn were also set to drop for a second month as rising global supplies drag down grain prices.Wheat has given up more than 20 percent of its value since the beginning of July, while corn has lost 11 ...
Gold steadies, awaiting fresh clues on US rate rise LONDON: Gold steadied on Monday after last week's slide as a retreat in the dollar lent support, but indications that the Federal Reserve may still raise interest rates this year despite recent market turmoil weighed on the metal. Spot gold was flat at $1,132.98 an ounce at 0934 GMT, while US gold futures for December delivery were down 90 cents an ounce at $1,133.10. The metal fell 2.3 percent last week as a sell-off in ...
European coffee stocks fall 4.8pc in June LONDON: Coffee stocks held in European ports fell 4.8 percent in June, preliminary figures from the European Coffee Federation (ECF) showed on Friday. Stocks fell to 691,514 tonnes from 726,315 tonnes a month earlier. ECF figures cover the major coffee storage ports of Antwerp, Bremen, Hamburg, Genova, Le Havre and Trieste.Copyright Reuters, 2015 ...
Gold eyes biggest weekly drop in five on US data, Fed hike view LONDON: Gold edged up on Friday but was still on track to post its biggest weekly drop in five as strong US economic data supported the case for a near-term increase in interest rates. The upward revision in US economic growth in the second quarter to 3.7 percent from the initial estimate of 2.3 percent spurred market expectations that the Federal Reserve could still raise rates this year despite a global equities market turmoil and ...
Copper down on resurgent worries about surplus, zinc up LONDON: Copper prices dipped on Friday after a sharp rebound the day before as worries about oversupply resurfaced, but losses were modest after the stock market in top metals consumer China recovered for a second day. Copper shot up 4.2 percent on the London Metal Exchange on Thursday, lifted by a bounce in global stock markets, buoyant US economic data and the announcement of production cuts by miner Freeport-McMoran Inc. Freeport lowered its copper sales ...

 



 
Index Closing Chg%
Arrow DJIA 16,528.03 0.69
Arrow Nasdaq 4,776.51 1.07
Arrow S&P 1,927.18 0.84
Arrow FTSE 6,247.94 0.90
Arrow DAX 10,259.46 0.38
Arrow CAC-40 4,652.95 0.47
Arrow Nikkei 18,890.48 1.28
Arrow H.Seng 21,670.58 0.27
Arrow Sensex 26,283.09 0.41





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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln