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Oil prices retreat in Asian trade SINGAPORE: Oil prices retreated in Asia Wednesday as traders focus on US crude stockpile report, a day after growing concerns over China's economy sparked a massive sell-off in shares of commodity firms.As Asian stocks recovered from Tuesday's rout, oil prices remain under pressure because demand growth continues to fall behind crude supply, analysts said.US benchmark West Texas Intermediate (WTI) for November delivery fell 44 cents to $44.79 and Brent crude dropped 36 cents to $47.87 a barrel in late-morning trade.Both contracts closed higher on Tuesday after sinking on Monday along with equities following dismal industrial data that reignited doubts about China's commodity-hungry economy."At the end of the day, the fundamentals of supply and demand remain intact," said Daniel Ang, an investment analyst with Phillip Futures in Singapore.He said traders are training their sights on a report to be released later Wednesday on US commercial crude stockpiles for the week ending ...

Oil prices rebound LONDON: Oil prices recovered Tuesday around half of the previous day's losses that had been caused by renewed concerns surrounding the slowing Chinese economy and its impact on crude demand.US benchmark West Texas Intermediate for delivery in November climbed 52 cents to $44.95 a barrel compared with Monday's close.Brent North Sea crude for November delivery won 71 cents to stand at $48.05 a barrel in early London afternoon deals.Oil prices had dropped by more than ...

Oil down 2pc on Wall Street, China; Cushing draw limits loss NEW YORK: Oil prices fell more than 2 percent on Monday, pressured by tumbling equities on Wall Street and weak Chinese economic data, although an estimated drawdown in crude stocks at the key US storage hub appeared to limit losses, traders said. Gyrations in US equity prices and the dollar from bets on the timing of the first US rate hike in nearly a decade have fed volatility in oil prices, which have swung up ...

Shell halts controversial search for Alaskan oil LONDON: Royal Dutch Shell said Monday it was halting its search for oil off the Alaskan coast, with environmentalists claiming a huge victory in their battle to protect local wildlife.The Anglo-Dutch energy giant said in a statement that its Burger J well in the Chukchi Sea, off the northwest coast of Alaska, did not warrant further exploration owing to insufficient oil and gas being located and because of regulatory uncertainties.Shell, describing its decision to pull ...

Oil prices drop with China, US in focus LONDON: Oil prices fell Monday in the wake of further disappointing data out of China, a key consumer of commoditiesUS benchmark West Texas Intermediate for delivery in November dropped 89 cents to $44.81 a barrel compared with Friday's close. Brent North Sea crude for November slid 90 cents to stand at $47.71 a barrel around midday in London.Profits at China's major industrial companies saw their biggest declines in four years last month, official data showed ...

Oil prices fall on slowing global economic growth outlook SINGAPORE: Oil prices dropped on Monday despite a fall in U.S. drilling activity for the fourth straight week, with analysts pointing to a poor economic growth outlook as the main reason for low crude prices.China's August industrial profits dropped 8.8 percent from the same month last year, and January to August industry profits were down 1.9 percent."The growth problem endures. Asia isn't about to bounce," said Frederic Neumann, co-head of Asia Economics Research at HSBC ...

North Sea Crude-Diffs edge up as traders focus on Nov. supply LONDON: North Sea crude price differentials edged higher on Thursday, gaining some respite after a three-day slide this week, as traders looked ahead to November when supply of the Forties stream will likely slow because of maintenance.Operator Nexen, part of China's state-owned CNOOC, said on Wednesday maintenance on the Buzzard field, which contributes the most to the Forties stream, would be delayed to November from October.Buzzard pumps less than 0.2 percent of daily world oil ...


Index Closing Chg%
Arrow DJIA 17,050.75 0.82
Arrow Nasdaq 4,810.79 0.41
Arrow S&P 2,013.43 0.88
Arrow FTSE 6,374.82 0.61
Arrow DAX 9,993.07 0.23
Arrow CAC-40 4,675.91 0.18
Arrow Nikkei 18,141.17 0.99
Arrow H.Seng 22,354.91 0.71
Arrow Sensex 26,845.81 0.70

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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 $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 08, 2015
Reserves $20.05 bln