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Wall St ends lower, S&P closes below 2,000 NEW YORK: US stocks fell for a fifth straight day on Thursday as bank results disappointed and investors fretted over the potential impact of global economic weakness on US earnings. With the day's decline, the S&P 500 closed below the 2,000 level for the first time in about a month.The Dow Jones industrial average fell 102.11 points, or 0.59 percent, to 17,324.98, the S&P 500 lost 18.52 points, or 0.92 percent, to 1,992.75 and the Nasdaq Composite dropped 68.50 points, or 1.48 percent, to 4,570.82. Copyright Reuters, 2015

North Sea Crude: Forties edges up, Oseberg weakens LONDON: North Sea Forties crude price differentials edged up on Thursday as Trafigura continued bidding, but Oseberg weakened against a backdrop of ample supplies for February. "There is a lot of oil in the market and this quarter, global demand is seasonally low," said Abhishek Deshpande, an oil analyst at Natixis. Several new fields are coming on stream this month, helping to offset declining output from older fields such as Buzzard. On Thursday, BG Group ...

Oil prices fall after US data spurs demand worries NEW YORK: Oil prices fell on Thursday after weak US economic data spurred worries over crude oil demand. Early in the session, US crude moved higher, breaking above $50 a barrel on a fall in the dollar. US crude also briefly traded at a premium to Brent, rather than the discount it normally sustains, as the Brent front-month contract traded in its last day before expiry.The Philadelphia Federal Reserve Bank released a survey saying factory ...

Weak oil dictates mutual fund winners and losers in 2014 LONDON: Weak oil prices shaped the performance of mutual funds in 2014 and investors expect the trend to continue, meaning last year's star, India, is likely to keep shining in the months to come.Equity funds were led by those specialising in India - an energy importer - while funds focused on oil exporter Russia dominated the bottom of the league, according to Lipper, a fund ratings, ranking and information company belonging to Thomson Reuters, and ...

Europe Gasoline/Naphtha: Gasoline supported by West Africa, US rally LONDON: Gasoline refining margins in northwest Europe strengthened on Thursday as strong demand from West Africa continued to underpin the market, and as traders caught up with a late rally in US gasoline futures in the previous session. US RBOB gasoline futures had spiked late on Wednesday, rallying by as much as 10 percent as traders eyed stronger demand after sharp price falls in the world's largest consumer of the fuel. Strong demand from Nigeria, ...

Italy's Eni plans partial April turnaround at Milazzo refinery LONDON: Italy's Eni will perform maintenance work at its 160,000 barrel per day Milazzo refinery in April, traders said on Thursday. The full refinery will not shut down, traders said, as the work will only impact some of the units. A spokesman for Eni declined to comment on the company's maintenance plans. Copyright Reuters, 2015

West Africa Crude-Nigeria overhang remains, Angola close to sold out LONDON: Sellers are proving reluctant to cut Nigerian crude differentials below close to 5-1/2-year lows despite a stubbornly large overhang of cargoes, traders said on Thursday. About 25 cargoes of Nigerian crude for February loading remain available and trades are concluding only slowly. But with crude prices in contango - a market structure in which future prices are higher than current levels - sellers are also content to wait it out. "When it gets like ...


Index Closing Chg%
Arrow DJIA 17,598.20 0.52
Arrow Nasdaq 5,115.38 0.25
Arrow S&P 2,098.04 0.25
Arrow FTSE 6,688.62 0.11
Arrow DAX 11,443.72 1.19
Arrow CAC-40 5,120.52 0.75
Arrow Nikkei 20,548.11 0.11
Arrow H.Seng 24,411.42 0.91
Arrow Sensex 28,187.06 0.26

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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-22.095 bln
Exports $23.885 bln
Imports $45.980 bln
WeeklyAugust 03, 2015
Reserves $18.536 bln