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Copper steady near 6-year lows as China demand woes persist LONDON: Copper held steady on Wednesday as the dollar fell and Chinese stock markets staged a late recovery, though persistent concerns over Chinese demand kept prices near six-year lows. Chinese stocks reversed sharp declines to end higher on Wednesday after the central bank injected more funds into the financial system in a bid to calm panicky markets. The recovery cut demand for the safe-haven dollar, easing pressure on dollar-priced metals. However, persistent worries over Chinese growth sent global equities and oil lower on Wednesday, while metals investors remain unnerved by stuttering factory growth in China and falls in power generation and property prices. China consumes some 45 percent of the world's copper. Three-month copper on the London Metal Exchange dipped 0.1 percent to $5,018 a tonne by 0945 GMT, recovering a 1.5-percent loss in the previous session when it broke below $5,000 for the first time since July 2009, falling ...

Raw sugar firms, robusta front month slips to discount LONDON: Benchmark raw sugar futures were lifted by a softer dollar on Wednesday, with the upside limited by hefty supplies, while arabica coffee firmed and the spot robusta contract fell to a discount to the second month. New York cocoa edged higher on technically driven buying supported by the weaker dollar. October raw sugar edged up by 0.04 cents, or 0.4 percent, to 10.77 cents a lb at 1123 GMT, moving further away from a ...
Gold rises ahead of Fed minutes, US inflation data LONDON: Gold rose on Wednesday as cautious investors shied away from the dollar ahead of US inflation data and minutes of the Federal Reserve's last policy meeting that could give fresh clues on whether interest rates will rise next month. Expectations that the Fed is on track to increase rates for the first time in nearly a decade have helped push gold to 5-1/2-year lows this year. Rising rates lift the opportunity cost of holding ...
Copper slides on China demand concerns and dollar strength LONDON: Copper prices slid on Monday on prospects for slowing demand in top consumer China, reinforced by last week's move to weaken the yuan, and a higher dollar.Benchmark copper on the London Metal Exchange was untraded at the close but was bid down 1 percent at $5,114 a tonne from $5,170 on Friday. The metal, used in power and construction, plunged to a six-year low of $5,062 last week.China's yuan posted its biggest weekly loss ...
Gold firms as US data hurts dollar, caution over China lingers LONDON: Gold firmed on Monday, building on its biggest weekly rise in three months, as weaker than expected U.S. data weighed on the dollar and uncertainty lingered over the implications of China's yuan devaluation.Gold rallied to its highest since mid-July last week after Beijing's mini-devaluation of the yuanm, as analysts speculated that a weakening Chinese currency could prompt the Federal Reserve to postpone an expected rise in U.S. interest rates.Spot gold was up 0.5 percent ...
Arabica coffee eases, near three-month high; sugar dips LONDON: Arabica coffee on ICE dipped on Monday, hovering below a three-month peak touched last week and pressured by a firm dollar, while sugar eased in response to a rapid cane crush in Brazil and cocoa firmed."People are concerned about a smaller Brazilian arabica crop, and the market is also down because it failed to break out higher on Friday," one arabica trader said.Traders said coffee prices were buoyed by a report from Brazilian exporters ...
Taiwan Sugar Corp. tenders to buy US corn and soybeans HAMBURG: The Taiwan Sugar Corp. has issued an international tender to buy 23,000 tonnes of US-origin yellow corn and 12,000 tonnes of US-origin soybeans, European traders said on Monday. The tender closes on Wednesday, Aug. 19, they said. Shipment was sought from the US Gulf between Nov. 12-26 or from the US Pacific North West coast between Nov. 27 to Dec. 11, they said. Copyright Reuters, 2015 ...

 



 
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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