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South Africa's petrol pump price to stay unchanged in May JOHANNESBURG: The retail price of 95-grade petrol in South Africa will remain unchanged from May 6, while the wholesale diesel price will dip by 0.44 percent, the energy department said on Thursday. The government adjusts the price of fuel every month, taking into account global prices and shifts in the rand exchange rate. Copyright Reuters, 2015

Shell posts lower first-quarter net profits LONDON: Anglo-Dutch energy giant Royal Dutch Shell, which is buying British rival BG Group, posted falling first-quarter profits Thursday on sliding oil prices.Net profit or earnings after tax dipped two percent to $4.4 billion (4.0 billion euros) in the three months to March compared a year earlier, it said in a results statement.Shell also revealed that profit, adjusted for one-off items and inventory changes, sank 56 percent to $3.2 billion in the reporting period.That still ...

Oil prices rise further LONDON: Oil prices rose further on Thursday, extending the previous day's gains on a drop in US crude inventories that offset disappointing growth data in the world's biggest economy.US benchmark West Texas Intermediate for delivery in June climbed 42 cents to $59 a barrel.Brent North Sea crude for June delivery gained 0.34 cents to stand at $66.88 a barrel in London midday deals.Inventories at the key US oil terminal hub in Cushing, Oklahoma, reported its ...

Oil prices mixed in Asian trade SINGAPORE: Oil prices were mixed in Asia Thursday after first quarter US economic growth fell short of forecasts but a weaker dollar and easing US crude production provided support, analysts said.US benchmark West Texas Intermediate for June was up eight cents at $58.66 in late-morning trade, while Brent for June fell 27 cents to $65.57 a barrel.The US Commerce Department said Wednesday that the world's biggest economy and top oil consuming nation stalled in the ...

Oil at 2015 highs after first stock draw in 5 months at US hub NEW YORK: Oil prices hit their highest for this year on Wednesday after the first crude stock draw in five months at the U.S. Cushing, Oklahoma hub suggested an oil glut may be starting to ease.Government data showing a smaller-than-expected rise last week in crude inventories throughout the United States also aided sentiment, although some traders felt the market was ignoring bearish elements like higher production.Oil has staged its strongest recovery this month since a ...

Oil prices dip before US data LONDON: Oil prices dipped on Wednesday as markets awaited data on US crude inventory levels for clues on the state of demand in the world's biggest economy.US benchmark West Texas Intermediate for delivery in June fell 32 cents to $56.74 a barrel compared with Tuesday's close.Brent North Sea crude for June delivery eased two cents to stand at $64.62 in London afternoon deals.The US Department of Energy (DoE) will release its weekly stockpiles report later ...

Oil prices down in Asian trade SINGAPORE: Oil prices edged lower in Asia Wednesday on expectations the latest US stockpiles report will show a further surge in crude reserves, worsening a global supply glut, analysts said. US benchmark West Texas Intermediate fell 18 cents to $56.88 while Brent crude slipped 16 cents to $64.48 in mid-morning trade. The Department of Energy (DoE) will release its weekly report later Wednesday. Crude reserves are expected to have increased by 2.9 million barrels in ...


Index Closing Chg%
Arrow DJIA 18,232.02 0.29
Arrow Nasdaq 5,089.36 0.03
Arrow S&P 2,126.06 0.22
Arrow FTSE 7,031.72 0.05
Arrow DAX 11,815.01 0.42
Arrow CAC-40 5,142.89 0.07
Arrow Nikkei 20,264.41 0.30
Arrow H.Seng 27,992.83 1.70
Arrow Sensex 27,957.50 0.53

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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 $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyMay 21, 2015
Reserves $17.75 bln