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China July coal imports from Australia inch up on year BEIJING: China's imports of thermal coal from its biggest supplier Australia hit 8.17 million tonnes in July, up 0.6 percent on a year earlier, customs data showed on Friday, with Australia benefiting from import declines from higher-cost rivals.Total imports from Australia over the first seven months of the year reached 42.27 million tonnes, still down 21.4 percent on the year, the General Administration of Customs said. The number excludes lower-grade lignite.The July volume was up 22.5 percent compared to the previous month, with Australian suppliers taking advantage of a seasonal surge in electricity demand as well as a fall in domestic output, driven by weak prices.Coal imports overall have been hit by weaker demand and a tougher customs inspection regime that has sought to restrict the entry of lower quality coal cargoes.Australia, where coal grades are higher, has fared better than Indonesia, which saw July shipments to China fall 28 ...


Oil heads for eighth straight week of falls SINGAPORE: Oil headed for its eighth straight weekly decline in Asia Friday, as sharp falls in equities added to worries lacklustre global economic growth will hurt energy demand in an oversupplied market.US benchmark West Texas Intermediate (WTI) for October delivery, a new contract, lost 49 cents to $40.83 a barrel in late-morning trade, while Brent crude for October tumbled 56 cents to $46.06 a barrel.The WTI September contract closed 34 cents higher at $41.14 in ...

US September crude ends higher at expiry, Brent slumps NEW YORK: Expiring front-month US crude prices settled higher on Thursday in volatile trading after slumping to a fresh 6-1/2-year low as a supply glut and concerns about China's economy pressured Brent crude.A weaker dollar and the formation of the first hurricane of the 2015 Atlantic season were supportive to crude, even with Hurricane Danny still far from affecting any land or oil infrastructure.U.S. futures retested support near $40 a barrel early in the session, ...

Oil market ducks close to $40 LONDON: Oil prices fell close to $40 per barrel on Thursday, striking a new 6.5-year low on supply glut woes, before turning mixed.US benchmark West Texas Intermediate for September delivery struck $40.21 per barrel, the lowest level since March 2009. It later rebounded slightly to trade at $41.04, up 24 cents from Wednesday's close.Brent North Sea crude for October delivery meanwhile hit $46.31 a barrel, a point last seen in mid-January and not far off ...

US oil may fall to $39.30 SINGAPORE: US oil may test a support at $40.15 per barrel, a break below which will cause a loss to the next support at $39.30.These supports are identified respectively as the 538.2 percent and 561.8 percent Fibonacci projection levels of a downtrend from the June 30 high of $59.69. Wave pattern shows that oil is riding on an extended wave 5, the bottom of which is somewhat difficult to be predicated.Resistance is at $41.01, the ...

Asia-Pacific Crude-Sokol supported by Chinese demand SINGAPORE: The Asia-Pacific crude market remained under pressure from ample supply, although slightly higher refinery margins and limited arbitrage inflows provided some support.Chinaoil, the trading arm of PetroChina, bought two October-loading Sokol cargoes, traders said. One was purchased from Itochu at $2.80 a barrel and one from ONGC in a tender, they said. The price for the latter cargo was unclear.Traders were awaiting the result of a tender by Malaysia's Petronas to sell a cargo ...

Oil prices fall ahead of US stocks data SINGAPORE: Oil prices fell in Asia Wednesday, giving up meagre gains in the previous session as investors await a US inventory report to gauge demand in the world's top economy. US benchmark West Texas Intermediate for September delivery fell 17 cents to $42.45 a barrel and Brent crude for October dipped 23 cents to $48.58 a barrel in late-morning Asian trade.Both contracts eked out modest rebounds in closing deals in New York on Tuesday.But analysts ...


 



 
Index Closing Chg%
Arrow DJIA 16,058.35 2.84
Arrow Nasdaq 4,636.11 2.94
Arrow S&P 1,913.85 2.96
Arrow FTSE 6,058.54 3.03
Arrow DAX 10,015.57 2.38
Arrow CAC-40 4,541.16 2.40
Arrow Nikkei 18,165.69 3.84
Arrow H.Seng 21,185.43 2.24
Arrow Sensex 25,696.44 2.23





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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln