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Oil prices down in Asian trade SINGAPORE: Oil prices fell in Asia Friday, pressured by a stronger dollar as dealers speculated over whether the will Federal Reserve lift interest rates sooner than later, analysts said.US benchmark West Texas Intermediate for December delivery fell 16 cents to $80.96 while Brent crude for December was down 31 cents at $85.93 in mid-morning trade. Singapore's United Overseas Bank said crude prices faced downward pressure "as expectations that US interest rates may rise sooner than previously thought pushed the dollar to its highest in more than three weeks".The US Commerce Department on Thursday said the world's largest economy grew at an annualised 3.5 percent in July-September owing to stronger exports and defence spending. The figure exceeded expectations for a 3.0 percent rise. The reading, coupled with upbeat comments about the jobs market from the Fed on Wednesday, stoked speculation that the bank could hike interest rates earlier than its timetabled ...


Brent falls below $86, heads for worst month since 2012 SINGAPORE: Brent crude futures fell below $86 a barrel on Friday as a firmer dollar and a well supplied oil market combined to put the benchmark on course to end October with its steepest monthly decline since 2012.Unless the Organization of the Petroleum Exporting Countries moves to cut oil output at its meeting next month, traders say oil prices, which have dropped by a quarter since June, are likely to extend their rout."We are still ...

Frontier fund selling weighs on UAE, Qatar DUBAI: Selling by foreign frontier funds sparked heavy profit-taking in the United Arab Emirates and Qatar on Thursday. Saudi Arabia also declined, but Egypt rose for a third day. A number of companies from the UAE and Qatar remain part of MSCI's Frontier 100 benchmark even though the index compiler upgraded both countries to emerging market status in May. MSCI's opted to gradually phase those stocks out of the frontier index through monthly weighting reductions ...

Enel still sees binding offers for Slovakia assets by end-Nov MILAN: The head of Italian utility Enel , Francesco Starace, said on Thursday the group still expected binding offers for the assets it intends to sell in Slovakia by the end of November. Enel, Europe's most indebted utility, plans to sell more than 4 billion euros ($5 billion) in assets by the end of 2014 to reduce its debt. Enel is seeking to sell assets in Romania and binding offers for these assets are also ...

Oil price declines have small-cap shale investors scrambling NEW YORK: Plummeting oil prices are pushing some of the small-cap companies which flourished as part of the US shale energy boom close to their breaking point, while also prompting some well-known fund managers to aggressively buy energy stocks. Concerns about slowing growth in Europe and a stronger dollar have helped push the price of light crude oil down about 25 percent since June to about $82 a barrel, creeping closer to the average marginal ...

Prices dip on low consumption, traders eye Ukraine outcome LONDON: Prompt natural gas prices in Britain dipped on Thursday morning on lower consumption forecasts and as flows returned after outages, while prices further out were down ahead of the outcome of Ukraine gas talks. Prices for delivery on Friday were 1.25 pence lower at 51.35 pence per therm at 0841 GMT, while prices for immediate delivery were down 1.40 pence at 52.10 pence. Traders said they were expecting lower consumption of gas on Friday ...

UK gas prices dip on low consumption, traders eye Ukraine outcome LONDON: Prompt natural gas prices in Britain dipped on Thursday morning on lower consumption forecasts and as flows returned after outages, while prices further out were down ahead of the outcome of Ukraine gas talks.Prices for delivery on Friday were 1.25 pence lower at 51.35 pence per therm at 0841 GMT, while prices for immediate delivery were down 1.40 pence at 52.10 pence.Traders said they were expecting lower consumption of gas on Friday and over ...


 



 
Index Closing Chg%
Arrow DJIA 17,195.42 1.30
Arrow Nasdaq 4,566.14 0.37
Arrow S&P 1,994.65 0.62
Arrow FTSE 6,463.55 0.15
Arrow DAX 9,114.84 0.35
Arrow CAC-40 4,141.24 0.74
Arrow Nikkei 15,658.00 1.67
Arrow H.Seng 23,702.04 1.49
Arrow Sensex 27,346.33 0.92





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJuly-June
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln