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Oil prices down in Asian trade SINGAPORE: Oil prices fell in Asia on Monday as dealers eyed lacklustre manufacturing data from China, which raised concerns about weak demand from the world's top energy consumer, analysts said.US benchmark West Texas Intermediate fell two cents to $59.13 while Brent eased seven cents to $66.39 in afternoon trade.Financial markets in Japan, Thailand and Malaysia were closed for a public holiday.Analysts said oil prices weakened in reaction to data from global banking giant HSBC showing China's manufacturing activity slipped to a 12-month low in April.HSBC said Monday its final purchasing manager's index (PMI) for the manufacturing sector fell to 48.9 in April, weakening from 49.6 in March, and the weakest since 48.1 in the same month last year.The index, compiled by information services provider Markit, tracks activity in China's factories and workshops and is regarded as a barometer of the health of the Asian economic giant.A PMI reading above 50 ...

Oil prices slide before weekend LONDON: The world oil market dipped Friday after rallying on the back of the first drop in US stockpiles for six months as well as a weaker dollar.Brent North Sea crude for June delivery lost 42 cents to stand at $66.36 a barrel in London just after midday.US benchmark West Texas Intermediate for delivery in June shed 11 cents to $59.52 a barrel.However, trading was quiet with most Asian markets closed for public holidays, and ...

Mexico's CFE buys at least 8 LNG cargoes -traders MILAN/LONDON: Mexican state-owned utility CFE has bought at least eight cargoes of liquefied natural gas (LNG), two traders said. Swiss-trading house Trafigura was among the suppliers, traders said. Copyright Reuters, 2015

Oil retreats off 2015 highs, Iraq exports hit record LONDON: Oil prices edged lower on Friday, easing off 2015 highs after Iraq said its crude oil exports hit a record in April, keeping Middle East production well above demand. The two crude global benchmarks rose between 20 and 25 percent in April, helped by a weaker dollar and bets that a supply glut would ease, following the June-to-January sell-off that halved prices from above $100 a barrel. But signs of an increasing supply glut ...

Oil prices rise further as dollar drops NEW YORK: Oil prices rose again Thursday on data suggesting the US crude glut is easing as the dollar weakened against the euro.US benchmark West Texas Intermediate for June delivery rose $1.05 to $59.63 a barrel on the New York Mercantile Exchange.European benchmark Brent oil for June delivery gained 94 cents to $66.78 a barrel in London.Analysts said the oil market continued to react to Wednesday's US Department of Energy inventory report, which showed a ...

Oil has best monthly gain in 6 years but rally may hit 'speed bumps' NEW YORK: Oil rounded out its best monthly gain in six years on Thursday, with the two global benchmarks for crude rising between 20 and 25 percent in April, helped by a weaker dollar and bets that a supply glut would ease.After the June-till-January selloff that halved oil prices from highs above $100 a barrel, Brent and U.S. crude posted their strongest recovery this month, rising about $12 each, and hitting their highs for 2015.Those ...

US oil hits five-month high as dollar weakens LONDON: US crude oil hit a five-month high on Thursday as the dollar slipped to its lowest since February and as more evidence emerged of a gradual balancing of the US domestic market. The US currency fell to a two-month low against a basket of currencies early on Thursday as the euro and yen rallied, making oil less expensive for holders of other currencies. "The dollar has been the big factor," said Bjarne Schieldrop, chief ...


Index Closing Chg%
Arrow DJIA 18,010.68 0.64
Arrow Nasdaq 5,070.03 0.55
Arrow S&P 2,107.39 0.63
Arrow FTSE 6,984.43 0.80
Arrow DAX 11,413.82 2.26
Arrow CAC-40 5,007.89 2.53
Arrow Nikkei 20,563.15 0.06
Arrow H.Seng 27,424.19 0.11
Arrow Sensex 27,828.44 1.17

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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 $-1.795 bln
Exports $1.995 bln
Imports $3.790 bln
WeeklyMay 28, 2015
Reserves $17.494 bln