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Oil rally loses steam in Asia ahead of Fed decision SINGAPORE: Oil prices eased in Asia Thursday, a day after surging on news of a sharp decline in US crude stockpiles, while investors are also treading carefully ahead of a US Federal Reserve interest rate decision later in the day.US benchmark West Texas Intermediate (WTI) for delivery in October dipped 14 cents to $47.01 a barrel and Brent crude for November edged down four cents to $49.71.On Wednesday WTI surged almost six percent and Brent jumped more than four percent after the US Department of Energy revealed a 2.1 million barrel drop in inventories.That included a 1.9 million barrel decline at the Cushing, Oklahoma trading hub, indicating stronger demand in the world's top oil consumer. The report also said US oil production fell for the sixth straight week.Attention is now focused on Washington where the Fed will make an announcement on borrowing costs, with some analyst opinions split on whether ...

Poland's LNG terminal likely to hit full capacity by 2018 WARSAW: Poland's first liquefied natural gas (LNG) terminal should finally be ready for commercial use next May and is likely to reach full capacity by 2018, its operator said on Wednesday. The terminal, being built in the Baltic city of Swinoujscie, is Poland's flagship project to diversify gas supplies and reduce dependence on Russia. It had originally been scheduled to open in 2014 but has been delayed several times. Jan Chadam, head of state-owned Polskie ...

North Sea Crude: Diffs bounce, echoing futures rally LONDON: North Sea crude oil price differentials rose sharply on Wednesday to reach their highest since late July, in line with a robust rally on the futures market.Brent crude futures rose by as much as 7 percent to a high of $50.34 a barrel after a US government report showed a steep drawdown in oil inventories, though a rise in storage of oil products eroded some of those gains later in the session, bringing the ...

Oil prices climb on surprise fall of US stocks LONDON: Oil prices rose in European trading, aided by a surprise fall in US stocks according to an industry estimate, but gains were capped ahead of the release of official data later Wednesday.At 1010 GMT, the price of a barrel of Brent crude for November delivery was $48.54 on London's Intercontinental Exchange (ICE), a gain of 79 cents from Tuesday.In electronic trading on the New York Mercantile Exchange (Nymex), a barrel of WTI crude for ...

Oil prices rise after dip in US crude production NEW YORK: World crude prices rose modestly Tuesday as traders eyed signs of slowing US oil production that could ease the global oversupply.US benchmark West Texas Intermediate for delivery in October rose 59 cents to $44.59 a barrel on the New York Mercantile Exchange.In London, Brent North Sea crude for October, the international benchmark, closed at $46.63 a barrel, up 26 cents from Monday's settlement. The futures contract expired Tuesday.Matt Smith of Clipper Data said ...

Petronas drops Sept crude price factor to $3.30/bbl SINGAPORE: State oil firm Petronas has set the price factor for Malaysian Crude Oil (MCO) for September at $3.30 per barrel, down $0.60 from the previous month, a source with direct knowledge of the matter said on Tuesday. Petronas introduced a new official selling price (OSP) for its crude based on a basket of Malaysian crude oil grades Labuan, Miri Light and Kikeh effective January 2014. Copyright Reuters, 2015

Oil prices mixed in Asia SINGAPORE: Oil was mixed in Asia onTuesday as prices remain hobbled by weak demand and excess supplies.US benchmark West Texas Intermediate for delivery in October climbed 22 cents to $44.22, while Brent crude for October dipped six cents to $46.31 in late-morning trade, reversing earlier gains.Expectations that US crude oil inventories expanded for a third week and news that the OPEC cartel has slashed its demand growth forecast for next year are keeping a lid ...


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