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Petrobras says Q3 Brazil oil output rises to 2.09mn bpd SAO PAULO: Brazil's state-run oil firm Petroleo Brasileiro SA (Petrobras) produced an average of 2.09 million barrels of oil per day in Brazil in the third quarter, up 9 percent from the previous year, a securities filing showed on Monday.Natural gas production of 441,000 barrels per day was up 7 percent while output of petroleum derivatives rose 4 percent to 2.204 million barrels per day.Fifteen producing wells were connected in the third quarter, Petrobras said, adding that it expects 16 more producing wells to be connected in the fourth quarter.Copyright Reuters, 2014 ...

Merck KGaA says Pfizer deal FRANKFURT: A major cancer drug deal between Pfizer and Germany's Merck KGaA is exclusive with regard to the immunotherapy drugs involved, Merck said on Monday."This is an exclusive collaboration in the PD-1, PD-L1 space," said Belen Garijo, who will take over leadership of Merck's healthcare business from next year.She added that the two sides could jointly decide to collaborate with third parties.Garijo was speaking in a conference call after the German group announced the major ...
Thai telecoms regulator to hold 4G bandwidth auction BANGKOK: Thailand plans to auction 4G mobile phone spectrum by September 2015 possibly at a higher price but at the same conditions that were set before the military government postponed the sale last year, the head of the telecom regulator said on Monday.The unchanged terms are likely to reassure telecom market leader Advanced Info Service PCL (AIS) which is keen to acquire 4G spectrum. Unlike rivals Total Access Communications and True Corp, AIS does not ...
Telecom Italia denies it is eyeing a cash call MILAN: Telecom Italia is not studying a new share sale, it said on Monday, dismissing a press report that it was considering raising cash from investors to fund an acquisition in Brazil. The board of Telecom Italia is expected to meet this week to discuss options for its majority-owned Brazilian subsidiary, TIM Participacoes (TIM Brasil), two sources familiar with the situation told Reuters last week. Telecom is looking to strengthen TIM Brasil's posiition as mobile ...
Asiana appeals 45-day flight ban penalty for deadly crash SEOUL: South Korea's Asiana Airlines on Monday appealed against a government decision to suspend its lucrative service to San Francisco for 45 days as a penalty for a deadly plane crash there last year.The Transport Ministry last week ordered the suspension of the once-a-day service between Incheon and San Francisco.In its appeal, the airline called for the dismissal of the seven-member disciplinary panel that decided the suspension, claiming the semi-official body was "biased" against Asiana ...
China large steelmakers' daily output down 1.8pc in early-Nov SHANGHAI: Average daily crude steel output from China's large steel makers fell 1.8 percent over the Nov. 1-10 period from the previous 10 days, industry data showed on Monday, as mills shut production during a major international summit in Beijing. Large steel mills produced an average of 1.635 million tonnes of steel a day in early November, down 1.82 percent from a revised 1.665 million tonnes for the previous 10-day period, according to figures from ...
South Africa's Telkom lays off 406 managers in restructuring drive JOHANNESBURG: South Africa's Telkom SA has laid off 406 managers, the chief executive of the fixed-line operator said on Monday, following months of wrangling with unions over restructuring. Chief Executive Sipho Maseko said this in a conference call following the release of Telkom's first-half earnings. The company has been on a drive to cut costs and boost earnings as demand for fixed-line services falls due to stiff competition from mobile operators. Copyright Reuters, 2014 ...

 



 
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Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln