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Brent crude oil futures ended little changed on Monday after weak Chinese economic data sent prices to a 26-month low earlier in the day, while US crude rose after bouncing off a technical support level near a 16-month low reached last week. Oil prices dropped early on data showing China's factory output grew in August at the weakest pace in nearly six years, while growth in other key sectors also cooled, raising fears the world's second-largest economy may be at risk of a sharp slowdown.

China will ban the import and local sale of coal with high ash and sulphur content starting from 2015 in a bid to tackle air pollution, with tough requirements in major coastal cities set to hit Australian miners the hardest. China imported about 54 million tonnes of Australian thermal coal and another 13 million tonnes from South Africa in 2013 - most of which would not meet the proposed restrictions on ash and sulphur content.
The National Bank of Kuwait's investment arm has been selected as exclusive financing adviser for a $12-billion clean fuel refineries project, the bank said in a statement on Sunday. State-owned Kuwait National Petroleum Co. (KNPC), which owns the mega project, and NBK Capital signed a 12-month contract under which the bank will assess funding requirements and help raise the financing.
Sinopec Corp will sell a 107.1 billion yuan ($17.5 billion) stake in its retail unit to a group of 25 Chinese and foreign investors, Asia's top oil refiner said in a statement on Sunday. The sale, the country's biggest privatisation since president Xi Jinping came to power, comes as China's government pushes to restructure its state-owned enterprises by bringing in private capital and expertise. Leading investors on the deal to buy a combined 29.99 percent of Sinopec include one of China's biggest asset managers Harvest Fund Management Co Ltd taking 15 billion yuan with its subsidiary Harvest Capital Management. China Life Insurance and a consortium that includes People's Insurance Group of China Co Ltd and Tencent Holdings Ltd are each taking 10 billion yuan stakes.
Mining giant Rio Tinto said on September 10 clean coal was key to tackling climate change and that developing the technology was a challenge greater than the first moon landing. The firm's energy chief Harry Kenyon-Slaney compared the twin challenges of meeting the world's energy needs, including growing demand from Asia, and combating climate change to the difficulties the US had to overcome for the 1969 lunar mission.
Russia is ready to support sanctions-hit energy companies Rosneft and Novatek from its National Wealth Fund, Finance Minister Anton Siluanov said on Saturday, according to Russian news agencies. He stressed, however, that any support would be limited by an existing cap on the fund's investments.
First Utility, Britain's largest independent electricity and gas supplier, is considering raising money through a public listing or outside investor to fund expansion abroad, its chief executive said in an interview. The company, which started operating in 2008, has benefited in recent years from a public backlash against the rising tariffs charged by the so-called 'Big Six' utilities. Its customer accounts have risen by ten times over the past three years to reach 1 million on Monday.

 



 
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%
MonthlyAugust
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 15, 2014
Reserves $13.414 bln