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Sri Lankan stocks recover from three-week low; rupee steady COLOMBO: Sri Lankan stocks recovered on Thursday, snapping a five-session losing streak, with high net worth and institutional investors trading actively. However, political concerns ahead of the Jan. 8 presidential poll weighed on sentiment. The main stock index was up 0.4 percent, or 29.57 points, at 7,229.30 at 0733 GMT, recovering from a three-week closing low in the previous session. "There was some positive momentum after top government leaders met business leaders and professionals yesterday," a stockbroker said on condition of anonymity. President Mahinda Rajapaksa, his brother and Defence Secretary Gotabaya Rajapaksa and Central Bank Governor Ajith Nivard Cabraal met leaders from the private sector at a forum on Wednesday and explained the government's economic progress. The broker said the gains were not sustainable because there was no fundamental reason. "The index will continue to move sideways until there is a clear direction from the election." Analysts said some institutional ...
Middle East Crude: Premiums climb on low OSPs, firm demand SINGAPORE: The Middle East crude market stayed firm on Wednesday with most February spot grades sold at higher differentials than the previous month.Low official selling prices (OSPs) and robust demand for incremental crude in Asia supported differentials in February, pushing up premiums for Abu Dhabi Murban close to 60 cents a barrel.A Japanese refiner has bought a Das crude cargo at more than 70 cents a barrel, a trader said.Refiners across Asia are keeping crude ...
Oil prices mixed in Asian trade SINGAPORE: Oil prices were little changed in Asia Thursday after data showed US stockpiles dipping, while the Federal Reserve indicated interest rates would not be hiked until the middle of next year.US benchmark West Texas Intermediate for January delivery fell 27 cents to $56.20 while Brent crude for February gained two cents to $61.20 in afternoon trade.The price stabilisation in Asian trade follow an advance Wednesday that came after the US Energy Information Administration (EIA) ...
Brent edges further above $61 as companies cut upstream investments SINGAPORE: Brent crude edged further above $61 a barrel on Thursday, after sharply lower prices forced companies to cut upstream investments around the world. Chevron Corp has put a plan to drill for oil in the Beaufort Sea in Canada's Arctic on hold indefinitely, while Marathon Oil cut its capital expenditure for next year by about 20 percent.Canadian oil producers also deepened 2015 spending cuts, as Husky Energy, MEG Energy and Penn West Petroleum joined ...
Crude steady above $56/bbl after 1pc gain TOKYO: US crude futures were little changed above $56 a barrel on Thursday following volatile trading the previous day due to bearish US oil data, Russia's rouble crisis and a US decision to resume diplomatic ties with Cuba after 50 years. Copyright Reuters, 2014 ...

 





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