▲ Up
 
11:44 26-05-2015
MAIN Russian
About us On-line subscription
KazakhstanTajikistanUzbekistanKyrgyzstanTurkmenistanWorld
POLITICSBUSINESSINCIDENTSSOCIETYCULTURESPORTANALYSISSCIENCE
Copper prices drop 1% on China concerns

Bishkek (AKIpress) - copper-wires Copper prices dropped more than 1% Wednesday, trading below $3 a pound as developments from China acted as a source of concern for investors, Fox Business reported today.

Copper for May delivery fell 4 cents, or 1.4%, to $2.911 a pound, and prices for a most-active contract are trading below the $3-a-pound level for the first time since July 2010, according to FactSet data.

A local Chinese-newspaper report overnight indicated China's central bank will respond to slowing loan demand by pumping more money into the banking system. Concerns about the effect of tightening efforts by China on loan demand follow Chinese trade data released earlier this week that came in much weaker than anticipated.


Twitterfacebookprint
16:57 12.03.2014
LATEST NEWS
11:36 National Greco-Roman wrestling team of Kyrgyzstan wins bronze in international tournament in Turkey11:25 Ambassador of Kyrgyzstan to Germany, Sweden, San Marino, Denmark, and Norway resigns11:20 Сharges have been brought against 107 members of organized crime groups since beginning of 201511:17 Kazakhstan needs to enhance educational work with youth to prevent suicides: Vice PM11:14 Finance Ministry tasked to raise funds for rehabilitation of Alykul Osmonov Museum11:04 Economic growth in Kyrgyzstan still under influence of external factors – National Bank11:03 Atambayev signs decree appointing 11 judges for interdistrict and Bishkek courts11:03 Participant of Syrian opposition talks in Astana notes encouraging start10:54 National Bank lowers discount rate from 11% to 9.50%10:52 Ashgabat ratifies agreement with Kazakhstan on delimitation of Caspian seabed10:50 Parliamentary delegation of Kyrgyzstan visits Russia10:44 Prime Minister dismisses head of Suzak district10:44 Kyrgyz delegation participates in conference on countering infectious diseases in Sochi10:37 Perinatal center planned for construction in Osh10:36 Asian Volleyball Championship: Kyrgyzstan defeats Bangladesh10:28 Bishkek Perinatal Center receives 20-mln-som worth humanitarian aid for premature babies10:24 ADB to allocate $ 3 million for construction of Aral-Suusamyr and North-South roads10:22 2 Almaty children theater actors found dead10:15 Kyrgyz PM to pay official visit to Tajikistan in June – Tajik media10:13 Russia holds drone drills in Tajikistan mountains
Astana
+17° C
Ashgabat
+33° C
Bishkek
+25° C
Dushanbe
+25° C
Tashkent
+28° C
exchange rates
 
64.08
58.40
9.43
1.17
6.88
6.27
1.01
0.13
2710.18
2512.73
405.44
50.01
3.84
3.50

© AKIpress News Agency - 2001-2015. All rights reserved
Republication of any material is prohibited without a written agreement with AKIpress News Agency. Any citation must be accompanied by a hyperlink to www.akipress.com.
Our address:
Moskovskaya str. 189, Bishkek, the Kyrgyz Republic
e-mail: english@akipress.org, akipressenglish@gmail.com;
Tel/Fax: +996(312)90-07-75