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Copper dips on stronger dollar, nickel gains LONDON: Copper and other base metals slipped on Wednesday as the dollar strengthened on expectations that US authorities were close to hiking interest rates. Losses were modest, however, after data showed activity in the services sector of China, the world's top metals consumer, expanded in July at its fastest pace in 11 months.Markets were pressured by the dollar hitting a 3-1/2 month peak against a basket of currencies on Wednesday after a voting member of the US Federal Reserve's policy-setting committee expressed support for an interest rate hike in September. A stronger dollar makes commodities priced in the US currency more expensive to buyers using other currencies. Three-month copper on the London Metal Exchange was down 0.7 percent at $5,201 a tonne by 1003 GMT, after closing little changed in the previous session but within reach of Monday's six-year lows at $5,142 a tonne. Copper, which has shed about a ...

Gold reverses losses after US ADP data hurts dollar LONDON: Gold reversed early losses on Wednesday as the dollar retreated from a 3-1/2 month high after U.S. jobs data came in below expectations, but prices still hovered around a 5-1/2-year low.U.S. private employers hired 185,000 workers in July, the smallest increase since April, according to a payrolls processor on Wednesday, reducing expectations of a strong jobs reading in the government's payrolls report due on Friday.Spot gold was up 0.3 percent at $1,090.61 an ounce ...
Raw sugar hovers above 6-1/2-year low, arabica eases LONDON: Raw sugar futures on ICE dipped on Wednesday, hovering above the previous session's 6-1/2-year low, pressured by a weak Brazilian currency and over-supply, while arabica coffee eased, weighed by a stronger dollar.Cocoa was little changed, with dealers tracking the possible impact on production from the El Nino weather pattern.October raw sugar futures on ICE were down 0.03 cent, or 0.3 percent, at 10.98 cents a lb at 1047 GMT.They fell to 10.79 cents, the ...
London copper sags on stronger dollar, weak China outlook MELBOURNE: London copper slipped back on Wednesday towards six-year lows as the dollar rose on heightened expectations the US Federal Reserve could raise interest rates in September and amid a bearish backdrop for China demand.Atlanta Federal Reserve President Dennis Lockhart said it would take "significant deterioration" in the US economy for him to not support a rate hike in September, lifting the dollar, and eroding purchasing power for buyers with other currencies.Commodities demand growth is ...
Gold down on dollar after biggest monthly loss in two years LONDON: Gold edged lower on Monday, after falling by the most in two years in July, as the dollar steadied and investors monitored US economic indicators for clues on the timing of a hike in US interest rates.Spot gold was down 0.3 percent at $1,091.90 an ounce by 1347 GMT. The metal hit a low of $1,077 on July 24, its weakest in 5-1/2 years. It lost almost 7 percent in July, its steepest monthly ...
Russian wheat prices decline as harvest gathers pace MOSCOW: Russian wheat prices declined further last week as the harvest picked up pace after delays caused by heavy rain, analysts said on Monday. As of July 30, Russian farmers had harvested 37 million tonnes of grain from 24 percent of the total area, with yields at 3.38 tonnes per hectare.Black Sea forward prices for Russian wheat with 12.5 percent protein content were at $188 per tonne on a free-on-board (FOB) basis at the end ...
Corn, soy ease on benign US weather, wheat at 6-week low PARIS/SINGAPORE: Chicago corn and soybean futures slid for a second straight session on Monday as favourable weather in the US Midwest eased crop concerns, while fresh worries about flagging Chinese growth led to a broad retreat in commodity markets.Wheat lost ground to touch a new six-week low as the prospect of another season of ample global production weighed on prices.Chicago Board Of Trade August soybeans slid 0.5 percent to $9.75-3/4 a bushel by 1140 GMT, ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln