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Russia's Gazprom says files case against Turkmengaz over price MOSCOW: Russian gas company Gazprom said on Friday it had filed a case against Turkmenistan's Turkmengaz at the international arbitration court in Stockholm over the price in a supply contract. A spokesman for the Russian company said: "A lawsuit has been filed in Stockholm. The demand - a revision of prices." Copyright Reuters, 2015

Oil prices rebound in Asia but crude oversupply weighs SINGAPORE: Oil prices rose in Asia on Friday following recent losses but analysts said the rebound is unlikely to be sustained because of a global crude glut.US benchmark West Texas Intermediate for September delivery edged up 26 cents to $48.71 a barrel in afternoon Asian trade. The contract finished below $49 on Thursday for the first time since March 31.Brent crude for September advanced 18 cents to $55.45.Over the week WTI is down more than ...

China's Sinopec sets eyes on Europe with 2nd jet fuel shipment SINGAPORE: China's Sinopec Corp is shipping its second ever jet fuel cargo to Europe, once considered a rare trade route, as the refiner looks to expand its global market share with demand lagging output levels at home, industry sources said. The world's No. 2 refiner shipped out 90,000 tonnes of jet fuel to Europe in late June, said two sources, who did not want to be named because of rules on talking to media. Shipping ...

Nigeria to export around 1.89mn bpd oil in Sept LONDON: Nigeria is set to export around 1.89 million barrels per day of crude oil in September, a provisional shipping list showed on Friday. This was down from 1.94 million bpd in August, the highest total since January. Exports of the benchmark Qua Iboe grade were set to fall to 348,000 bpd in September from 368,000 bpd in August, their lowest since June. Copyright Reuters, 2015

Brent crude nears 4-month low as China factories contract, dollar firms LONDON: Oil prices hovered near four-month lows on Friday after data showed a contraction in China's factory sector and the dollar rose against a basket of currencies. Activity in China's manufacturing sector shrank at the fastest pace in 15 months in July, according to a preliminary private purchasing managers' survey. "Concerns around the demand environment were heightened further today by the PMI (Purchasing Managers' Index) read out of China," said Michael McCarthy, chief market strategist ...

Oil prices steady; WTI stuck below $50 LONDON: Oil prices were narrowly mixed Thursday, with New York prices stuck below $50 after a rise in US crude stockpiles added to concerns over a supply glut, analysts said.Brent North Sea crude for delivery in September fell 13 cents to stand at $56 a barrel in London midday deals.US benchmark West Texas Intermediate (WTI) for September was up nine cents at $49.28 a barrel -- after closing Wednesday below $50 for the first time ...

TSX drops sharply shortly after open as oil, resources drag TORONTO: Canada's main stock index tumbled shortly after the open on Wednesday, falling as much as 1 percent, as heavily weighted energy and resource stocks tracked weaker commodity prices and led losses.The Toronto Stock Exchange's S&P/TSX composite index was down 116.22 points, or 0.81 percent, at 14,260.02, after falling as low as 14,231.10. Eight of the index's 10 main sectors lost ground. Copyright Reuters, 2015


Index Closing Chg%
Arrow DJIA 17,745.98 0.03
Arrow Nasdaq 5,128.79 0.33
Arrow S&P 2,108.63 0.01
Arrow FTSE 6,668.87 0.57
Arrow DAX 11,257.15 0.40
Arrow CAC-40 5,046.42 0.58
Arrow Nikkei 20,522.83 1.08
Arrow H.Seng 24,497.98 0.49
Arrow Sensex 27,705.35 0.51

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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln