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London copper prices firm as weak US data drags on dollar MELBOURNE: London copper edged higher on Thursday, but stayed near four-week lows, after weak US factory growth dragged on the dollar, easing pressure on commodity prices.US industrial output posted its biggest drop in more than 2-1/2 years in March, pushing the dollar to its lowest against a basket of currencies in more than a week. A weaker greenback gives commodity buyers holding other currencies more purchasing power.Still, malaise in China's economy, where growth hit its slowest pace in six years, was overshadowing copper demand in what is typically the strongest quarter for consumption, said analyst Lachlan Shaw of UBS in Melbourne."In general, it's a pretty weak environment. The house view is that the government will stimulate and loosen policy further, but we need to question where that stimulus will go and what it will do for commodity demand," he said."Given the government is leaning towards encouraging services and consumption, typically ...

Copper price to struggle even as mine outages slash market surplus LONDON: Faltering demand in leading global copper consumer China will see prices of the metal struggle to gain traction this year, despite disruptions at mines that will slash the expected market surplus by half, a Reuters poll showed.Aluminium prices will also face headwinds as the market braces for more oversupply, having previously been expected to flip into deficit for the first time in nine years, the poll showed.Analysts trimmed forecasts of expected shortages in other ...
Gold down on recovering dollar, stronger equities LONDON: Gold edged lower on Wednesday as European shares advanced and the dollar recouped losses made after weaker than expected U.S. economic data.Spot gold was down 0.2 percent at $1,191.18 an ounce by 1153 GMT, not far off a two-week low of $1,183.68 on Tuesday.U.S. gold for June delivery dropped $1.40 to $1,191.20 an ounce.Bullion fell as much as 1.2 percent in the previous session, before paring losses on a lower dollar after data showed ...
Gold down on rebounding dollar, stronger equities LONDON: Gold edged lower on Wednesday as European shares advanced and the dollar recouped losses made after weaker than expected U.S. economic data.Spot gold was down 0.3 percent at $1,189.51 an ounce by 0944 GMT, not far off a two-week low of $1,183.68 on Tuesday.U.S. gold for June delivery dropped $3.20 to $1,189.40 an ounce.Bullion fell as much as 1.2 percent in the previous session, before paring losses on a lower dollar after data showed ...
Wheat bounces from 1-month low, soybeans firm HAMBURG/SINGAPORE: Chicago wheat rose on Wednesday, bouncing off a near one-month low hit earlier, due to concern about whether rain forecast for the parched US wheat belt will arrive in sufficient volumes.Corn fell, resuming its recent weakness on plentiful global supplies, and soybeans rose on worry about delays to the harvest in major exporter Argentina.Chicago Board of Trade May wheat was up 0.2 percent at $4.98 a bushel at 1104 GMT after previously falling to ...
Raw sugar eases, cocoa dips before grind data LONDON: Sugar futures edged lower under pressure from a firmer dollar on Wednesday, with dealers focused on a likely modest delivery against expiry of the May white sugar contract.Cocoa dipped before Thursday's European and North American grind data, while coffee was little changed.Raw sugar futures corrected down from the prior session's five-week highs in light trade, with attention centred on the expiry at the end of the session of the London May white sugar futures ...
Copper hits near 4-week low ahead of China growth data LONDON: Copper hit a near four-week low on Tuesday as concern grew over demand in top consumer China a day before the country gives an update on its economic growth. China, which consumes some 45 percent of the world's copper, will report gross domestic product for the first quarter on Wednesday and traders say there are risks the figure may come in weaker than expected after poor trade news this week. The Asian giant's export ...

 



 
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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 04, 2015
Reserves $17.491 bln