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Copper rises, but market fearful over Chinese stock rout LONDON: Copper prices rose on Tuesday, but the market remained nervous over the latest convulsions in Chinese equities and the possible ramifications for demand from the world's top metals consumer. Chinese shares fell as Beijing scrambled once again to prop up a market whose wild gyrations have heightened fears about the financial stability of the world's second-biggest economy. "There is tremendous downside pressure coming from the Chinese stock market. Fear is the ascendant emotion at the moment," said Macquarie analyst Vivienne Lloyd. "The weak (manufacturing survey) last week reinforced the unease." China's factory sector contracted by the most in 15 months in July as shrinking orders depressed output to its lowest since March 2014, a private survey showed, reinforcing views that the Chinese economy needs more stimulus. Benchmark copper on the London Metal Exchange was up more than 1 percent at $5,255 a tonne at 1057 GMT from $5,188 at ...

EU wheat market takes breather after falling to one-month low PARIS: European wheat prices edged higher on Tuesday after hitting a one-month low the previous day and supported by a rise on US markets, traders said.December milling wheat, the new-crop benchmark on Euronext, was 1.00 euro or 0.5 percent higher by 1543 GMT to 185.50 euros a tonne.That was not enough to compensate for the drop recorded on Monday when prices fell more than 4 euros a tonne."The market is taking a break. There is ...
Gold edges higher as investors await Fed meeting LONDON: Gold firmed on Tuesday but remained near 5-1/2-year lows as markets braced for this week's Federal Reserve meeting, at which policymakers are expected to give further clues on the timing of a US rate increase. The Fed suggested earlier this year that a near-term rate rise was on the cards if economic data supported such a move, but slowing growth in China and a drop in commodity prices have led some to question whether ...
US corn at 1-month low, wheat, soy up after sharp losses PARIS/SINGAPORE: Chicago corn futures slid for a third consecutive session on Tuesday to a one-month low with pressure from ideal weather across the US Midwest that is boosting crop development.Wheat rose following a drop to one-month lows on Monday while soybeans firmed after shedding nearly 6 percent over thelast three sessions."The weather conditions in the key corn-growing areas of the US Midwest have improved considerably of late, following the excessive rainfall earlier in the summer," ...
Copper rises, but market fearful over China's stock turmoil LONDON: Copper prices rose on Tuesday, but the market remained nervous over the latest convulsions in Chinese equities and the possible ramifications for demand from the world's top metals consumer. Chinese shares fell as Beijing scrambled once again to prop up a market whose wild gyrations have heightened fears about the financial stability of the world's second-biggest economy. "There is tremendous downside pressure coming from the Chinese stock market. Fear is the ascendant emotion at ...
Sugar edges up, robusta coffee hits 2-month low LONDON: Raw sugar futures firmed on Monday after a Commitments of Traders (COT) report but gains were capped by a weak Brazilian currency, while robusta coffee hit a two-month low and arabica dipped to a 1-1/2-year low. Cocoa futures were little changed in thin volume. October raw sugar was up 0.09 cents, or 0.8 percent, at 11.33 cents a lb at 1401 GMT, having earlier hit a five-week low of 11.17 cents. October white sugar ...
EU wheat prices hit one-month low on rising supplies LONDON: European wheat prices fell to a one-month low on Monday, weakened by a setback in Chicago, a rise in the euro against the dollar and increasing supplies linked to the incoming harvest.December milling wheat in Paris ended 4.25 euros or 2.25 percent lower at 184.50 euros a tonne, after hitting a one-month low of 184.00 euros in late trade. "There is pressure from the incoming harvest. Even if farmers are not selling much, cooperatives ...

 



 
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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