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London copper turns lower as dollar firms MELBOURNE: London copper slipped on Tuesday as a stronger dollar clipped gains from short-covering in the previous session, while traders waited for signs of demand from China, the world's top copper user, after last month's long holiday."We are expecting a very strong ramp-up in state power grid tenders from April. That should boost demand for wire rod. But we expect real estate and machinery sectors to be weak near-term," said analyst Ivan Szpakowski of Citi in Hong Kong. "For prices, a key catalyst is macro sentiment, which is bearish on China and Europe right now. We need to see an improvement in one of those for prices to move higher."Investment by the State Grid Corporation of China is expected to grow 9 percent this year. Demand from the power sector accounted for nearly half of China's estimated 8.7 million tonnes of refined copper consumption last year.China's annual consumer price inflation ...

Raw sugar firms after US data, arabicas steady LONDON: Raw sugar futures firmed on short covering on Monday after U.S. data showed a rise in the net short position held by speculators, while arabica coffee steadied, supported by a soft dollar.New York cocoa futures edged lower in light technically driven selling, extending Friday's slide.Raw sugar futures firmed after the latest data from the U.S. Commodity Futures Trading Commission showed speculators raised their net short position.James Kirkup, head of sugar at ABN AMRO Markets ...
Copper recovers from two-week low on expected Chinese demand LONDON: Copper rebounded on Monday from a two-week low as investors shrugged off weak trade data from top metals consumer China and bet that demand would increase there after a public holiday.Also contributing to the gains was a jump in Chinese banking shares on expectations that Beijing will grant more brokerage licences, forcing some copper shorts to cover, traders said."We would expect to see a rally over the next few weeks as we start to ...
Gold rises as dollar pauses but further weakness seen LONDON: Gold edged higher on Monday as the dollar rally paused and European shares fell, but it remained near a three-month low after a U.S. jobs report boosted expectations that the Federal Reserve would raise interest rates soon.Spot gold was up 0.2 percent at $1,169.10 an ounce by 1515 GMT. It fell 2.6 percent on Friday, its biggest daily loss since Oct. 1, 2013, and reached its lowest since Dec. 1 at $1,163.45 after the ...
Arabica coffee prices sharply down, sugar and cocoa also lower LONDON: Arabica coffee futures on ICE fell sharply on Monday, weighed by a fresh wave of largely speculative selling as prices headed back down towards last week's 13-month low.Raw sugar and cocoa futures on ICE were also lower.Dealers said the recent fall in arabica coffee futures had been fuelled largely by speculative selling driven both by technical factors and rains in Brazil, which improved the outlook for crops in some areas.May arabica coffee on ICE ...
Copper hits 2-week low on US rate hike view, China data MELBOURNE: London copper sank to its lowest in two weeks on Monday as the dollar rose after strong US jobs data fuelled expectations of a mid-year rate hike.US employers stepped up hiring in February and the jobless rate fell to its lowest level since the spring before President Barack Obama took office, which could put pressure on the Federal Reserve to raise interest rates in June.The dollar resurgence added to headwinds for commodities that were ...
Wheat stuck near contract lows as dollar rally weighs PARIS/SINGAPORE: US wheat hit new contract lows on Friday and was on course for a weekly loss of 6 percent as a continuing rally in the dollar dented export prospects. Soybeans eased for a fifth straight session to a new three-week low as easing disruption from a truckers' strike in Brazil kept the focus on an expected bumper harvest in South America that could curb US exports. Corn also inched lower as the dollar dimmed ...

 



 
Index Closing Chg%
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln