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Metals steady except copper as data shows Japan in recession LONDON: Most base metals were steady or firmer on Monday, supported by forecasts for developing shortages, but news that Japan had slipped into recession capped the upside.Many of the metals in the London Metal Exchange complex dipped after news that Japan's GDP fell for two successive quarters.All recovered into positive territory except copper, the only one of the six major LME metals not expected to have a supply/demand deficit next year, according to forecasts by analysts polled by Reuters."On a fundamental basis, we continue to think that metals with deficits will still be able to outperform," said Nicholas Snowdon, metals analyst at Standard Chartered in London."But we remain in a period of heightened macro uncertainty, which is constraining the potential upside to base metals prices."Three-month LME copper slipped 0.2 percent to $6,689.25 a tonne by 1057 GMT after earlier climbing to its highest since Nov. 4 at $6,734 a tonne. ...

Gold around two-week high as shares drop on Japan recession LONDON: Gold held near a two-week high on Monday as global shares fell after data showed Japan had slipped into recession, raising concerns about global growth, but strength in the dollar kept the metal's gains in check.Spot gold was down 0.1 percent at $1,188.00 an ounce by 1049 GMT after peaking at $1,193.95, the highest since Oct. 31. The metal jumped 2.3 percent on Friday, moving above the key technical level of $1,180.The metal had ...
Kuzbassrazrezugol to cut coal output by 2.3mn tonnes in 2015 LONDON: Russian coal miner Kuzbassrazrezugol will cut its production by 2.3 million tonnes in 2015 due to "unfavourable international market conditions", the company said.Kuzbassrazrezugol produced 30.8 million tonnes of coal for export in 2014 from its mines in Siberia.Glencore Plc, the world's largest exporter of thermal coal, said last week that it plans to shut its Australian mines for three weeks, cutting output by 5 million tonnes in 2014.Coal prices have been hitting multi-year lows ...
Gold slides below $1,150/oz as dollar strengthens LONDON: Gold fell more than 1 percent on Friday, breaking below chart support at $1,150 an ounce, as the dollar hit a four-year high against a currency basket after upbeat US retail sales data. The Commerce Department said US retail sales rose 0.5 percent in October, a sign American consumers were spending with more gusto and could help keep the economy growing at a brisk pace. Spot gold hit a session low of $1,146.64 after ...
NY arabicas rise; sugar eases, eyes on expiry LONDON: New York coffee futures on ICE rose on technical buying on Friday, while sugar eased with a focus on the expiry of the London December white sugar futures contract. Cocoa dipped, pressured by ample new-crop supplies from top grower Ivory Coast.Traders were assessing the extent to which rains in Brazil can relieve stress on parched coffee trees. "I suspect that technically, arabicas are looking healthier," a London-based coffee futures broker said. March arabicas on ...
Gold slides towards $1,150/oz as dollar strengthens LONDON: Gold slid 1 percent on Friday to test chart support at $1,150 an ounce on Friday as a stronger dollar and upbeat US data undermined prices, though physical metal demand lent support. Gold, which is priced in the US unit, was hurt by the dollar's rally to a seven-year high versus the yen, which pushed it up 0.25 percent against a basket of currencies. Spot gold was down 0.7 percent at $1,153.57 an ounce ...
Copper pressured by Chinese data, eyes biggest drop since Sept LONDON: Copper prices slipped on Friday, under pressure from concerns about the outlook for demand from China following weak economic from the world's top metals consumer, with prices on track to post their biggest weekly loss since September. Three-month copper on the London Metal Exchange (LME) slipped 0.4 percent to $6,627.75 a tonne at 1057 GMT.The metal, used in power and construction, is down 1.3 percent so far this week, on track to post its ...

 



 
Index Closing Chg%
Arrow DJIA 17,814.94 0.02
Arrow Nasdaq 4,758.25 0.07
Arrow S&P 2,067.03 0.12
Arrow FTSE 6,731.14 0.02
Arrow DAX 9,861.21 0.77
Arrow CAC-40 4,382.31 0.32
Arrow Nikkei 17,407.62 0.29
Arrow H.Seng 23,843.91 0.21
Arrow Sensex 28,338.05 0.57






Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln