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Copper falls on weak China data, stimulus prospects limit losses LONDON: Copper dipped on Wednesday as weak economic data from top consumer China dominated sentiment, but a weaker dollar and expectations of further stimulus helped limit the losses. Benchmark copper on the London Metal Exchange fell 0.5 percent to $6,406 a tonne by 1446 GMT after modest gains in the previous session when the metal used in the power and construction sectors rose to a one-week high of $6,459 a tonne. China's investment growth rate sank to its lowest in nearly 15 years as April data showed the economy still losing momentum. "There are a lot of worrying signs in the data. There's a real issue about getting the cash to where it's needed to generate growth and demand for base metals," VTB Capital analyst Wiktor Bielski said. "The real estate portion of the fixed asset investment number has been below the headline for quite some time, but the infrastructure ...

EU wheat tracks Chicago bounce ahead of USDA report PARIS: European wheat futures rose on Tuesday on the back of a short-covering rally in Chicago, but volumes were thin as traders awaited a U.S. government crop report that will offer an initial take on global supply and demand next season.December milling wheat, the new-crop benchmark and most active position on Euronext, was 1.50 euros or 0.9 percent higher at 176.50 euros a tonne by 1512 GMT.The contract was continuing to recover from a seven-month ...
Gold up 1 percent on weaker dollar, shares; eyes on bond yields LONDON: Gold rose up to one percent on Tuesday as the dollar and European shares suffered from a sell-off in global bond markets, although higher real yields kept prices under $1,200 an ounce.Spot gold rose to a session high of $1,196.60 an ounce and was trading up 0.9 percent at $1,194.10 by 1131 GMT, while US gold futures for June delivery were up $10.50 at $1,193.50 an ounce. The dollar index, which measures the US ...
Weaker dollar fuels copper gains LONDON: Copper climbed on Tuesday thanks to a weaker dollar and higher oil prices while the market awaited clues on the strength of demand from top consumer China. Benchmark copper was untraded in the rings, but bid higher at $6,440 a tonne in official rings from Monday's last bid at $6,360. The metal used in the power sector and construction is up more than 10 percent since mid-March. "The lower dollar lends support," Danske Bank ...
Raw sugar dips from near two-month high, cocoa steadies LONDON: Raw sugar futures on ICE eased on Tuesday from a near two-month high, yet underpinned by strong export differentials, while cocoa steadied, pressured by a strengthening pound. Arabica coffee futures edged up on light buying, supported by a weaker dollar. In sugar, traders focused on talk of brisk vessel nominations after a massive delivery against expiry of the May raw sugar contract. "There seems to be the sense that the large delivery is causing ...
EU wheat firm in hesitant trade ahead of USDA report PARIS: European wheat prices edged higher on Monday in light trade with operators awaiting the US government's agricultural supply and demand report the following day.Euronext December milling wheat, the new-crop benchmark on Euronext, was 0.50 euros higher by 1550 GMT at 175.25 euros a tonne.The contract has gained 2.5 percent since the seven-month low of 171.00 euros hit on Tuesday last week.However, the rebound may be short-lived with few fundamentally bullish elements, traders said."A major ...
Copper slips, more China easing seen likely LONDON: Copper slipped on Monday as doubts emerged about whether rate cuts in China would be enough to stimulate economic activity in the world's largest consumer of industrial metals.Benchmark copper was untraded at the close, but bid at $6,360 a tonne, down from Friday's last bid of $6,385. The metal used in the power and construction industries is up about 20 percent since late January."It's difficult to impress the base metals market, the easing was ...

 



 
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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%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyMay 21, 2015
Reserves $17.75 bln