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Copper falls as Fed rates outlook lifts dollar LONDON: Copper slipped on Thursday, pressured by a sharp rise in the dollar after the U.S. Federal Reserve signalled interest rates could rise faster than expected.Three-month copper on the London Metal Exchange (LME) slipped 0.4 percent to $6,902 a tonne at 0958 GMT, reversing small gains in the previous session.The U.S. central bank on Wednesday renewed its pledge to keep interest rates near zero for a "considerable time", but also indicated it could raise borrowing costs faster than expected when it starts moving.The outlook for future interest rates lifted the dollar to a four-year high against a basket of currencies, in a move that makes commodities priced in the U.S. dollar more expensive for holders of other currencies."We think the dollar will appreciate further against the euro and so this will continue to put pressure on metals prices," said Daniel Briesemann, an analyst at Commerzbank.Prices have lost momentum since hitting ...

US corn, wheat ease on stronger dollar, soy edges up LONDON: US corn and wheat prices were slightly lower on Thursday weighed by a stronger dollar while soybeans edged up buoyed by demand from China.Dealers said corn and wheat prices were, however, holding above contracts lows set earlier this week with a decline driven by expectations of plentiful supplies following this year's harvest appearing to have at least temporarily abated.December corn futures on the Chicago Board of Trade were off 0.15 percent at $3.41-1/4 a ...
Record high aluminium premiums lift 2015 cost outlook LONDON: Aluminium supply contracts for consumers in Europe are likely to almost double next year as spot market premiums the cost to get metal immediately rise to record highs on rising demand and supply cutbacks. Premiums, paid over the London Metal Exchange (LME) cash prices, have lurched higher in September to fresh record highs of $460-480 a tonne for duty-paid material in Rotterdam, from $450-460 last month. Premiums have risen more than 60 percent since ...
Copper up on China stimulus reports, markets await Fed LONDON: Copper edged up on Wednesday on a report that China's central bank will provide the country's biggest banks with fresh loans to bolster the economy of the world's largest metals consumer.Investors also looked ahead to a US Federal Reserve policy statement later where the bank may indicate its thinking on the timing of any interest rate move. Media reports said China's central bank is injecting a combined 500 billion yuan ($81.35 billion) of liquidity ...
Sugar hits more than four-year low LONDON: ICE raw sugar dipped to a more than four-year low on Wednesday as weak demand and ample supplies kept prices under pressure.ICE cocoa extended its bounce off last week's three-month low, while arabica coffee fell.Low-quality Thai sugar expected to be delivered against the October raw sugar contract weighed on prices, with dealers noting that there was a lack of appetite to take delivery. This was reflected in the large discount on October versus the ...
Gold inches up for third day; Fed's rate outlook in focus LONDON: Gold inched up for a third straight session on Wednesday as the dollar eased and speculation mounted that the Federal Reserve would vow to maintain interest rates at low levels when the U.S. central bank concludes its policy meeting later in the day.Investor expectations for the U.S. Federal Reserve's policy statement due at 1800 GMT were shifted by a report in the Wall Street Journal that indicated the Fed could be less hawkish than ...
Copper up on China stimulus reports, markets await Fed LONDON: Copper edged up on Wednesday on a report that China's central bank will provide the country's biggest banks with fresh loans to bolster the economy of the world's largest metals consumer.Investors are also looking ahead to a crucial U.S. Federal Reserve policy statement later this session where the bank may indicate its thinking on the timing of any interest rate move.Media reports said China's central bank is injecting a combined 500 billion yuan ($81.35 ...

 



 
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Banking Review 2013


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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 $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 18, 2014
Reserves $13.525 bln