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Copper pressured weak economic data, supply in focus LONDON: Copper prices fell on Wednesday, under pressure from Chinese inflation data and weak U.S. retail sales and producer prices, though losses were kept in check by a growing consensus that a surplus of the metal will be delayed until next year.China's annual consumer inflation slowed more than expected to 1.6 percent in September, a level not seen since January 2010, further evidence that the world's second-largest economy is cooling but giving more room for policymakers to stimulate growth if needed.On the upside, the global copper market will be in deficit for a fifth straight year in 2014 before switching to a surplus of about 390,000 tonnes next year, an industry group said on Tuesday.The International Copper Study Group (ICSG) had in April forecast a surplus of 400,000 tonnes for 2014, illustrating the trend of copper production often falling short of estimates."I still see more downside this quarter particularly for ...

US soybeans fall as harvest progresses faster than expected HAMBURG/SYDNEY: Chicago soybean futures fell on Wednesday from a three-week high hit in the previous session after a report from the US Department of Agriculture (USDA) showed the US soybean harvest was progressing faster than expected.Corn also fell after the USDA reported good harvest progress while wheat dropped in the general market weakness."Corn and soybean prices are being pushed down today by the USDA harvest report on Tuesday which showed the US harvest is looking ...
Copper dips on strong dollar, supply in focus LONDON/SYDNEY: Copper prices dipped on Wednesday pressured by a strong dollar, Chinese inflation data and gloom in the euro zone, though losses were kept in check by a growing consensus that a surplus of the metal will be delayed until next year.China's annual consumer inflation slowed more than expected to 1.6 percent in September, a level not seen since January 2010, further evidence that the world's second-largest economy is cooling but giving more room to ...
Gold slips as dollar firms, oil prices slide LONDON: Gold fell further from the previous session's four-week high on Wednesday as the dollar firmed and oil prices continued to slide, but concerns over global growth prevented a deeper fall.Gold rebounded last week after hitting its lowest since mid-2013 but has struggled to gain traction as the dollar recovered lost ground. The metal's recovery stalled at $1,237.90 an ounce on Tuesday, a four-week high, before going into reverse.Spot gold was down 0.4 percent at ...
Gold retreats from 4-week high as dollar firms LONDON: Gold retreated from four-week highs on Tuesday as lacklustre euro zone data pressured the euro versus the dollar, though the metal was underpinned by fears over global growth, which hurt stocks and other commodities.Deepening worries over the health of the global economy dragged shares in Europe and Japan lower on Tuesday, while figures showing a slump in oil demand growth knocked Brent crude futures to below $88 a barrel.Spot gold was down 0.3 percent ...
Copper at two-week high on upbeat China demand outlook LONDON: Copper prices rose to a two-week high on Tuesday, buoyed by confidence about the outlook for demand from top consumer China following its plans to step-up infrastructure projects.Three-month London Metal Exchange (LME) copper was up 0.5 percent at $6,742.75 a tonne at 1010 GMT, having earlier reached its highest since Sept. 30 at $6,762 a tonne.The outlook for copper, which is mainly used in the power and construction industries, brightened after a senior official ...
Cocoa slips, grind in line with expectations LONDON: New York cocoa futures slipped on Tuesday after European grind data eased in line with traders' expectations.ICE raw sugar futures were little changed, with traders focused on the winding down of the cane crush in centre-south Brazil.Arabica coffee firmed slightly as attention centred on the impact of prolonged dry weather in Brazil on development of the 2015/16 crop.Cocoa dipped after Europe's third-quarter cocoa grind fell 1.1 percent from the same period last year to ...

 



 
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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 $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln