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Copper gains on easing Ukraine tensions, China outlook LONDON: Copper prices rose slightly on Monday as tensions eased between Russia and Ukraine and on optimism about the outlook for China's economy and metals demand, though expectations of rising copper supplies put a brake on gains.Three-month copper on the London Metal Exchange (LME) was at $7,025 a tonne at 1027 GMT, up 0.4 percent. It ended the previous week lower for the second week in a row, down 1.1 percent.Russia's defence ministry said on Friday it had finished military exercises in southern Russia, which the United States had criticized as a provocative step in the Ukraine crisis.European shares bounced back from a sharp two-week slide, in a move that helped support risk appetite."There are indications of some easing in geopolitical tension over the weekend, and that is helping the equity markets. Base metals are benefiting from that," said Nic Brown, head of commodity research at Natixis.Investors, meanwhile, were monitoring ...

Wheat prices weaken as Black Sea export fears wane LONDON: US wheat futures were lower on Monday with prices retreating further from last week's one-month high as worries eased about any immediate threat to Black Sea exports.Corn prices were hovering just above contract lows hit earlier this month while soybeans were mixed with old crop rising on tight supplies but new crop supplies weighed by the prospect of a bumper U.S. harvest."There were some concerns about the Ukraine situation going into the weekend, whether ...
Copper set for biggest weekly drop in three weeks on demand worries LONDON: Copper prices slipped on Friday, dragged lower by increased supplies and lacklustre demand from top consumer China, with the metal on track to post its biggest weekly drop in three weeks.Three-month copper on the London Metal Exchange (LME) was down 0.2 percent at $6,987 a tonne at 0943 GMT.Buoyant exports from China pushed its trade surplus to a record last month, fuelling optimism that global demand will help counter pressure on the domestic economy ...
Copper drifts in low volumes; China trade data underpins SYDNEY: London copper slipped on Friday and was set to post its third weekly loss in four as the year's expected surplus caps prices, however encouraging trade data from China underpinned the outlook for demand.Freeport-McMoRan Inc's Indonesia unit has completed its first copper concentrate export shipment since new mining rules were introduced in Indonesia, a spokeswoman said on Friday, signalling the end of a seven-month tax spat with the government.The resumption of Freeport's shipments flags ...
Gold retreats as firmer dollar offsets Russia concerns LONDON: Gold edged lower on Thursday after rising more than 1 percent the previous day as a firmer dollar offset concerns that tensions between Russia and the West over Ukraine could escalate.A build-up of Russian troops on the border with Ukraine and tit-for-tat economic sanctions between the West and Moscow on Wednesday drove investors out of assets seen as higher risk including stocks and into the relative safety of bonds and gold.European shares, which had ...
Nickel rises on Russia sanctions concerns, copper steadies LONDON: London nickel prices rose 2 percent on Thursday, lifted by the closure of a mine and the prospect that wider Western sanctions against Russia could soon affect the major producer of the metal.Benchmark London Metal Exchange nickel for delivery in three months time hit an intraday high of $19,160 per tonne, up 2.3 percent from Wednesday's $18,725 close. It was last trading at $19,010."For nickel there is an element of increased concern surrounding Russia, ...
US wheat eases from 1-month top; corn, soy also lower LONDON: US wheat eased for the first time in seven sessions on Thursday as a run-up linked to concerns over potential supply disruptions in the Black Sea region ran out of steam.Corn and soybean prices also declined as both markets continued to be pressured by the prospect of huge U.S. harvests this year.Chicago Board of Trade September wheat fell 0.6 percent to $5.64-1/2 a bushel by 1054 GMT, having hit its highest since June 30 ...

 



 
Index Closing Chg%
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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 25, 2014
Reserves $13.925 bln