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Copper, aluminium down on sluggish China, Europe business activity LONDON: Copper, aluminium and other base metals fell on Thursday after downbeat data on business activity in China and Europe, but investors were cautious about selling just a day after some were forced to bail out of short positions.Three-month copper on the London Metal Exchange lost 0.4 percent to $6,979.50 a tonne by 0951 GMT, with the market taking a breather after jumping 2.1 percent the session before, when it hit its highest in eight days at $7,027.50.Wednesday's move wrong-footed many bearish investors as stops were hit, forcing them to buy back bets on falling prices."In the very short term, yesterday's rally probably made some people sensitive about selling too aggressively today, so there's some caution in the air," said analyst Vivienne Lloyd at Macquarie in London. But she expected copper to head down again."We think it's going to be lower for the rest of the second half of the ...

Gold hits 2-month low as dollar gets boost from hawkish Fed LONDON: Gold slid to its lowest in two months on Thursday, extending losses to a fifth session as the dollar strengthened on indications from the U.S. Federal Reserve that it could raise interest rates sooner than expected.Policymakers debated on whether interest rates should be raised earlier given a surprisingly strong jobs market recovery, minutes from the July meeting of the Fed's rate setting committee showed. Most officials, however, wanted further evidence before changing their view ...
Sugar edges up from 6-month low, cocoa steady LONDON: Sugar futures edged up from a six-month low in choppy trade on Wednesday, in a technical recovery after being pressured by soft demand on the cash market and growing stocks at the peak of the Brazilian harvest.ICE cocoa steadied after its biggest tumble in 3-1/2 months on Tuesday, while coffee on ICE and Liffe was little changed.A strong dollar, which hit its highest in nearly a year against a currency basket on growing optimism ...
Gold retreats as upbeat US data lifts dollar LONDON: Gold prices extended a three-day losing streak on Wednesday, as demand stagnated and the dollar hit its highest in nearly a year against a currency basket on growing optimism over the U.S. economy.Buying in China, the world's number one gold consumer, remains weak, dealers said, though concern over violence in Ukraine and the Middle East has fuelled some interest in the metal as a store of value.Spot gold fell 0.1 percent to $1,294.15 an ...
Copper rises on robust US housing data, China buying LONDON: Copper rose on Wednesday in response to robust U.S. housing data overnight and buyers in top metals consumer China taking advantage of low prices to build stocks.Housing starts in the United States surged to an eight-month high in July, suggesting that a housing market recovery was back on track after stalling in the second half of last year.Copper is used mostly in the construction industry for cables, electric wiring, plumbing and in heating and ...
Copper steady as upbeat US economic data offsets China concerns LONDON: Copper prices steadied on Tuesday as encouraging signs from the U.S. economy offset concerns about top consumer China's struggling property sector and the outlook for industrial metals demand.Three-month copper on the London Metal Exchange (LME) traded at $6,905 a tonne in official rings, flat from Monday's close.U.S. homebuilding stocks rose on Monday, boosted by data that showed homebuilder sentiment rose in August to its highest level since January.In contrast, China's new home prices fell ...
Corn, wheat ease for second day on supply pressure SINGAPORE/PARIS: Chicago corn futures dropped for a second session on Tuesday as findings from a widely-watched crop tour renewed expectations of a near-record US harvest, while wheat fell on easing concerns over Black Sea supplies.Soybeans edged lower, giving up some of the last session's gains after a US Department of Agriculture weekly report showed a slight improvement in crop ratings.Chicago Board of Trade December corn had fallen 0.8 percent to $3.68-1/2 a bushel by 1126 ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln