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Commodity prices roiled by stronger dollar, China LONDON: Oil prices endured a volatile week and metals futures fell as the dollar strengthened and Chinese economic data disappointed markets.OIL: World oil prices edged higher, with Brent crude recovering from a two-year low point forged against a backdrop of solid supplies and dampening demand growth."Brent is trading somewhat more firmly than a week ago after some extremely volatile days of trading," Commerzbank analysts said in a note to clients.European benchmark Brent began the week by sliding to $96.21 a barrel, which was the lowest level since July 2012.Oil prices however rebounded sharply on Tuesday after the head of OPEC indicated that the crude producers' cartel could cut its production target for 2015.They headed south once more a day later as a US crude stockpiles report showed a weekly surge of 3.7 million barrels instead of the 1.2-million barrel decline expected by the market."The market is unfazed by the prospect ...

Nickel in 5,200 tonne surplus in July, down yr/yr: INSG LONDON: The global nickel market was in a 5,200 tonne surplus in July, compared with a 12,600 tonne surplus in the same period a year ago, according to the latest monthly bulletin from the International Nickel Study Group.The bulletin showed world primary nickel consumption totalled 152,400 in July while primary nickel output was 157,600 tonnes. In June, the market showed a 4,800 tonne deficit, revised data showed. Nickel mine production in July totalled 180,300 tonnes, ...
Raw sugar rebounds from more than four-year low LONDON: ICE raw sugar extended its bounce off a more than four-year low on Thursday, with low prices expected to have stimulated some demand.Arabica coffee slipped after rain was forecast in top grower Brazil, while ICE cocoa added to recent gains.Concerns over the quality of Thai sugar expected to be delivered against the October raw sugar contract have weighed on futures prices in recent weeks, but dealers said the market may have reached levels low ...
Copper, base metals slip as Fed rates outlook boosts dollar LONDON: Copper and other base metals 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) slid 1.1 percent to $6,851.25 a tonne by 1437 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 ...
Gold sinks to 8-1/2 month low after Fed raises rate projections LONDON: Gold touched its lowest level in 8-1/2 months on Thursday as the dollar jumped to a four-year peak after the Federal Reserve indicated it could raise borrowing costs faster than expected when it starts moving.The Fed on Wednesday renewed its pledge to keep interest rates near zero for a "considerable time", but its new rate projections suggested officials were positioning themselves for a potentially faster pace of rate hikes than they had envisioned when ...
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 ...
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 ...

 



 
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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
WeeklySeptember 25, 2014
Reserves $13.305 bln