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Copper falls 1 pct as dollar rallies on Fed comments LONDON: Copper fell more than 1 percent on Thursday as the dollar rallied after the US Federal Reserve sounded a relatively hawkish tone on monetary policy, though losses were limited by gains in Chinese equities. The Federal Reserve retained its guidance Wednesday that overnight borrowing costs would remain near zero for a "considerable time", but it dropped a characterization of the US labour market slack as "significant". Investors perceived this as a show of confidence in the economy's prospects, and proceeded to buy the dollar. A strong dollar makes dollar-priced metals costly for European and other non-US investors. Three-month copper on the London Metal Exchange slipped 1.1 percent to $6,739.25 a tonne by 1055 GMT, after ending slightly firmer in the previous session when it struck its highest level since Sept. 19. "On a day perspective the Fed statement lent support to the dollar and affected commodities, but the bottom ...

Gold steadies as investors expect cautious stance by Fed LONDON: Gold steadied near $1,230 an ounce on Wednesday as investors awaited guidance from the U.S. Federal Reserve, widely expecting it to reaffirm willingness to wait for an extended period before raising interest rates.The Fed, which wraps up a two-day policy meeting later on Wednesday, is widely expected to end its two-year-old bond-buying stimulus, known as quantitative easing, as the U.S. economy gathers momentum.Fed officials have also stressed, however, that they are in no hurry ...
Gold firms on weak US durable goods data; Fed eyed NEW YORK/LONDON: Gold prices edged higher on Tuesday as softer-than-expected US consumer spending data pressured the dollar, ahead of a closely-watched Federal Reserve policy statement. Data showed demand for US-made non-defence durable goods, excluding aircraft, fell 1.7 percent in September, its biggest drop in eight months and a cautionary note for an economy that otherwise seems to be moving forward at a steady clip. Investors are focusing on the Fed's latest policy statement on Wednesday ...
Soy surge continues despite advancing harvest PARIS/SINGAPORE: Chicago soybean futures extended gains on Tuesday to hit an six-week high, supported by soaring soymeal prices, pressures in the U.S. cash market and short-covering by investment funds.The soy rally again spilled over into corn, which rose to a three-month high, and wheat, which rose for a second session.The buying impetus in soybeans eclipsed supply pressure from an advancing U.S. harvest, which is expected to yield record-large soybean and corn crops.Chicago Board Of Trade ...
Gold climbs after drop in US durable goods orders LONDON: Gold rose on Tuesday after a surprise fall in U.S. durable goods orders in September pressured the dollar, but moves were muted ahead of a closely-watched Federal Reserve meeting beginning later on Tuesday.The Fed is tipped to announce the end of its massive bond-buying stimulus programme, known as quantitative easing (QE), at the conclusion of the two-day meeting on Wednesday.Ahead of that, gold has been pushed higher by a drop in the dollar versus ...
Gold rises as US data puts dollar under pressure LONDON: Gold prices rose on Tuesday as softer than expected U.S. data pressured the dollar, but moves were muted ahead of a closely-watched Federal Reserve meeting starting later on Tuesday.The Fed is tipped to announce the end of its massive bond-buying stimulus programme, known as quantitative easing (QE), at the conclusion of the two-day meeting on Wednesday.Ahead of that, gold was lifted by a drop in the dollar, with the U.S. unit under pressure from ...
Cocoa slides on West Africa supply prospects LONDON: Cocoa futures extended losses on Tuesday as concerns over the Ebola virus failed to outweigh bearish factors including large supplies expected from top growing region West Africa, dealers said.Arabica coffee futures were lower, ahead of wet weather expected in top grower Brazil, while raw sugar futures held steady.Dealers said cocoa futures could fall further as shipments of West Africa's main crop begin in November."People got caught up on Ebola, it's not been reported to ...

 



 
Index Closing Chg%
Arrow DJIA 17,390.52 1.13
Arrow Nasdaq 4,630.74 1.41
Arrow S&P 2,018.05 1.17
Arrow FTSE 6,546.47 1.28
Arrow DAX 9,326.87 2.33
Arrow CAC-40 4,233.09 2.22
Arrow Nikkei 16,413.76 4.83
Arrow H.Seng 23,998.06 1.25
Arrow Sensex 27,865.83 1.90





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJuly-June
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln