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Oil prices firm before weekly US inventories LONDON: World oil prices firmed on Wednesday as traders eyed recent upbeat Chinese data before the latest weekly update on commercial crude inventories in top consuming nation the United States.However, oversupply and lingering concerns about demand in key markets are capping gains and keeping prices close to multi-year lows.Brent North Sea crude for December won 62 cents to stand at $86.84 a barrel in late morning London deals.US benchmark West Texas Intermediate for December delivery advanced 20 cents to $82.68 a barrel compared with Tuesday's close.The oil market had fallen heavily last week, striking multi-year low points on demand fears in the face of mounting global economic doubts.However, crude futures have since recovered somewhat, aided by stronger-than-expected Chinese economic growth and oil demand data.Added to the picture, crude demand is expected to increase during the upcoming northern hemisphere winter months, when heating fuel usage hits a peak."The strong selling pressure ...


Hong Kong shares end up 1.37pc HONG KONG: Hong Kong stocks jumped 1.37 percent following a third successive advance on Wall Street, while traders await the release of preliminary Chinese manufacturing data later in the week.The Hang Seng Index rose 315.39 points to 23,403.97 on turnover of HK$61.51 billion ($7.94 billion).But in mainland China the benchmark Shanghai Composite Index fell 0.56 percent, or 13.11 points, to 2,326.55 on turnover of 138.5 billion yuan ($22.6 billion). The Shenzhen Composite Index, which tracks ...

Oil prices dip in Asia after recent gains HONG KONG: Oil prices slipped Wednesday after enjoying a recent upturn in line with a global equities rebound, while analysts said investors will now be keeping an eye on the US Federal Reserve's next policy meeting.However, oversupply and lingering concerns about demand in key markets are capping gains and keeping prices at multi-year lows.US benchmark West Texas Intermediate for December delivery eased 31 cents to close at $82.50 a barrel. Brent North Sea crude for ...

Oil prices dip in Asia after recent gains HONG KONG: Oil prices slipped Wednesday after enjoying a recent upturn in line with a global equities rebound, while analysts said investors will now be keeping an eye on the US Federal Reserve's next policy meeting.However, oversupply and lingering concerns about demand in key markets are capping gains and keeping prices at multi-year lows.US benchmark West Texas Intermediate for November delivery eased 31 cents to close at $82.50 a barrel. Brent North Sea crude for ...

Tokyo stocks up nearly 2.0pc in opening trade TOKYO: Tokyo stocks jumped nearly two percent in opening trade on Wednesday, bouncing back from a sharp drop the previous day as Wall Street shares posted robust gains.The Nikkei 225 index at the Tokyo Stock Exchange, which fell 2.03 percent on Tuesday, gained 1.97 percent, or 292.35 points, to 15,096.63 in the first 20 minutes of trade.US stocks shot higher Tuesday, propelled by talk of broader monetary stimulus in Europe.The Dow Jones Industrial Average gained ...

Oil prices rise on Chinese data LONDON: Oil prices rose on Tuesday as caution returned after a weak rally spurred by upbeat industrial production data from China, the world's top energy consuming nation, analysts said.US benchmark West Texas Intermediate for November delivery advanced 21 cents to $82.92 a barrel compared with Monday's close.Brent North Sea crude for December won 38 cents to stand at $85.78 a barrel in London midday deals.Daniel Ang, investment analyst with Phillip Futures in Singapore, said investors ...

UK gas prices rise as colder weather lifts demand LONDON: British wholesale natural gas and power prices rose on Tuesday morning as growing demand met low supplies, leaving the system short.Gas prices for delivery within the day were trading at 49.85 pence per therm at 0920 GMT, up 4.5 pence since their last close, and prices for Wednesday delivery were up 1.85 pence to 51 pence a therm.The price rises were down to an undersupplied system. Britain's gas demand was expected to be 202.7 ...


 



 
IndexClosingChg%
ArrowDJIA 16,461.32 0.92
ArrowNasdaq 4,382.85 0.83
ArrowS&P 1,927.11 0.73
ArrowFTSE 6,399.73 0.43
ArrowDAX 8,940.14 0.60
ArrowCAC-40 4,105.09 0.58
ArrowNikkei 15,195.77 2.64
ArrowH.Seng 23,403.97 1.37
ArrowSensex 26,787.23 0.80





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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 $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln