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London copper set for 3rd weekly gain as mine supply drops MELBOURNE: London copper fell on Friday but was set for its third straight weekly climb, supported by mine closures in key producer Chile due to heavy rains and a slow pick-up in seasonal demand from top consumer China."Copper has had a pretty good run over the past month, leading the complex as usual," said analyst Daniel Hynes of ANZ in Sydney. "But if we're going to see any sustainability in this rally, we'd want some positive data following through, which we haven't really seen just yet."Three-month copper on the London Metal Exchange was down 1.2 percent at $6,100 a tonne at 0400 GMT. That erased gains from the previous session, when prices hit their highest since Jan. 2 at $6,294.50.LME copper was on course for a weekly gain of around 0.9 percent, its first three-week winning streak since mid-2014.The most-traded June copper contract on the Shanghai Futures Exchange fell 0.6 ...

Sugar steadies near 6-year low, arabica coffee flat LONDON: Raw sugar futures on ICE steadied on Thursday near the prior session's six-year low, pressured by abundant supplies and light physical demand, while arabica coffee was flat.Cocoa was little changed, with a stronger pound underpinning New York futures.Raw sugar eased, weighed by ample supplies with traders tracking the pace of Chinese buying of out-of-quota sugar."There is disappointment that Chinese import licenses are being approved slowly," said Robin Shaw, analyst with broker Marex Spectron.He spoke ...
Russia seen removing wheat tax in July if inflation slows MOSCOW: Russia, one of the world's leading wheat exporters, will probably not extend a tax on wheat exports, imposed until June 30, if optimism over lower inflation and a large crop persists among officials, SovEcon consultancy said.Russia's economy has been hit hard by low global oil prices and Western sanctions due to Moscow's role in the Ukraine crisis. The rouble has plunged and inflation reached a 13-year high in February.To try to cool food inflation, ...
Gold hits 3-1-2 week high as Yemen air strikes rattle markets LONDON: Gold rallied to a 3-1/2 week high on Thursday and silver rose nearly 3 percent as escalating tensions in the Middle East knocked stocks and the dollar and drove investors into assets seen as lower risk, like bullion and German bonds.European stocks tumbled 1.3 percent, the dollar fell and oil prices leapt 6 percent after Saudi Arabia and its Gulf Arab allies launched air strikes in Yemen to counter Iran-allied forces besieging the southern ...
Copper up to near 3-month high on Chile mine closures, soft dollar LONDON: Copper hit its highest in nearly three months on Thursday after mines closed in the world's top producer Chile due to flooding, the dollar weakened and oil rallied on military strikes in Yemen.Other base metals joined the rally on the London Metal Exchange, spurring some investors to scramble to buy contracts to close out bearish bets.Lead touched the highest in almost two months and zinc hit a one-month peak.Three-month LME copper climbed 1.5 percent ...
Copper price dips, nickel hit by record stocks LONDON: Copper prices slipped on Wednesday as some investors sold to lock in recent gains while nickel also fell after inventories hit an all-time peak. A retreat in the dollar has helped fuel gains in base metals over the past week with copper surging more than 10 percent trough-to-peak over the week to Tuesday. "After the significant bounce we've seen over the past week, led by copper, it's not completely surprising that base metals are ...
Raw sugar rebounds from 6-year low, coffee rallies LONDON: Raw sugar futures turned higher on Wednesday as a weaker dollar helped the market rebound from a 6-year low but the scope for significant recovery was expected to be capped by plentiful supplies.Dealers said currency factors were playing a dominant role in the market with a further fall in the value of Brazil's real earlier in the day sending sugar prices to a fresh low before the currency staged a modest recovery as the ...

 



 
Index Closing Chg%
Arrow DJIA 18,034.93 1.17
Arrow Nasdaq 4,994.60 1.27
Arrow S&P 2,100.40 0.92
Arrow FTSE 7,052.13 0.82
Arrow DAX 11,891.59 1.74
Arrow CAC-40 5,187.59 0.86
Arrow Nikkei 19,634.49 0.09
Arrow H.Seng 27,094.93 2.02
Arrow Sensex 27,886.21 1.95





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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
WeeklyApril 16, 2015
Reserves $16.818 bln