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Gold rises from two-week low ahead of Fed meeting LONDON: Gold rose as interest from price-sensitive buyers in China lifted it from two-week lows, though moves were muted ahead of a U.S. Federal Reserve meeting later on Tuesday.The Fed is tipped to announce the end of its massive bond-buying stimulus programme, known as quantitative easing (QE), when it ends the two-day meeting on Wednesday.Spot gold was up 0.2 percent at $1,227.86 an ounce by 1033 GMT, off an early low of $1,222.20 an ounce, its weakest since Oct. 15. U.S. gold futures for December delivery were down $1.40 an ounce at $1,227.90."Traders will probably stay on the sidelines until tomorrow evening, when the Fed comes out with its announcement," Commerzbank analyst Daniel Briesemann said."If the Fed announces they will end QE3, which should be on the cards, we expect to see the dollar appreciating further against the euro, and that may weigh on gold."Investors will also be watching the ...

Copper hits two-week high on supply disruption worries LONDON: Copper prices hit a two-week high on Tuesday as the outlook for supply was tarnished by looming strikes at two mines while expectations of higher demand from top consumer China helped reinforce optimism.Three-month copper on the London Metal Exchange (LME) rose 0.5 percent to $6,761 a tonne at 1103 GMT, having touched a two-week high or $6,767.50 a tonne earlier on Tuesday.Workers at Freeport-McMoRan's Indonesian copper mine will hold a one-month strike from next ...
Brent oil steadies below $86 as US dollar falls LONDON: Brent crude oil steadied below $86 a barrel on Tuesday, after dipping close to $85 earlier in the day, as a falling US dollar provided support against weak demand and abundant supply.The US dollar slipped late on Monday after data revealed the US services sector in October grew at its slowest rate since April.A weaker dollar helps global consumers buy dollar-denominated commodities such as oil.But Chinese data on Tuesday showed profits in the industrial ...
LME copper hovers near 2-week high, supply concerns support SYDNEY: London copper was perched near a two-week high on Tuesday as upcoming labour strikes at mines threatened to trim expectations for a metal surplus, while indications of a seasonal pick-up in demand from top consumer China also supported prices.The global copper market is broadly expected to move into a significant surplus next year, but supply typically falls short of estimates due to unforeseen events such as strikes and problems mining for ever-deeper and hard-to-get ...
Taiwan buys 41,250 T wheat of US-origin in tender HAMBURG: The Taiwan Flour Millers' Association has purchased 41,250 tonnes of milling wheat to be sourced from the United States in a tender for the same volume which closed on Tuesday, European traders said. The wheat had been sought for shipment between Dec. 22, 2014, and Jan. 5, 2015.The purchase involved 21,100 tonnes of northern spring wheat of 14 percent protein content bought at $361.30 a tonne fob from Cargill and 12,250 tonnes of hard ...
London copper hovers near two-week high, Fed meet eyed SYDNEY: London copper was perched near its highest in two weeks on Tuesday on a seasonal pick up in Chinese demand, but traders were cautious ahead of a key US monetary policy meeting.FUNDAMENTALSThree-month copper on the London Metal Exchange had edged up 0.1 percent to $6,739.50 a tonne by 0129 GMT, after small gains in the previous session when it hit its highest since Oct. 15 at $6,752 a tonne.The most-traded January copper contract on ...
LME copper hovers near 2-week high, supply concerns support SYDNEY: London copper was perched near a two-week high on Tuesday as upcoming labour strikes at mines threatened to trim expectations for a metal surplus, while indications of a seasonal pick up in demand from top consumer China also supported prices.The global copper market is broadly expected to move into a significant surplus next year, but supply typically falls short of estimates due to unforeseen events such as strikes and problems mining for ever-deeper and ...

 



 
Index Closing Chg%
Arrow DJIA 17,390.52 1.13
Arrow Nasdaq 4,630.74 1.41
Arrow S&P 2,018.05 1.17
Arrow FTSE 6,546.47 1.28
Arrow DAX 9,326.87 2.33
Arrow CAC-40 4,233.09 2.22
Arrow Nikkei 16,413.76 4.83
Arrow H.Seng 23,998.06 1.25
Arrow Sensex 27,865.83 1.90





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJuly-June
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln