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Oil falls nearly 4pc after tentative nuclear deal for Iran NEW YORK: Brent oil fell nearly 4 percent on Thursday after a preliminary pact between Iran and global powers on Tehran's nuclear program, even as officials set further talks in June and analysts questioned when the OPEC member will be allowed to export more crude. Traders had been fixated on the talks held in Lausanne, Switzerland for over a week as Iran tried to agree with six world powers on concessions to its nuclear program to remove US-led sanctions that have halved its oil exports. The sanctions against Iran will come off under a "future comprehensive deal" to be agreed by June 30, after it complies with nuclear-related provisions, Iranian Foreign Minister Javad Zarif told a news conference. "If nothing is going to be signed until June, something could go wrong between now and then," said Phil Flynn, analyst at Price Futures Group in Chicago. Bob McNally, an adviser to ...

Oil tumbles anew as press event called at Iran nuclear talks NEW YORK: Oil prices fell as much as 4 percent on Thursday after global powers negotiating a nuclear deal with Iran called for a news conference after more than a week of talks in Switzerland.A nuclear pact for Tehran could remove Western sanctions on the OPEC nation's oil exports, bringing millions of additional Iranian crude barrels onto a market already brimming with supply.A European representative told reporters there will be a press event on Iran's ...
Oil jumps after US output drop as Iran talks drag NEW YORK: Oil jumped as much as 5 percent on Wednesday, snapping a three-session losing streak, as US crude output fell for the first time in two months and the government announced a smaller-than-feared rise in weekly stockpiles.The market's focus on Iran nuclear talks, which had depressed prices since Friday, also shifted as the dollar eased. A weaker dollar makes commodities denominated in the greenback, such as oil, more attractive to holders of other currencies.Crude ...
Oil down as Iran deal eyed; US crude in for best week in 4 years NEW YORK: Oil prices fell on Friday as fears about the disruption of Middle East crude shipments from Yemen's conflict eased and the focus turned to the likelihood of an Iranian nuclear deal by next week that could put more supply on the market. But prices were still headed for their second straight week of gains. US crude was on track for its best week since 2011, reflecting the ground made by market bulls from ...
Oil dives 5pc as worries about Iran talks trump Yemen NEW YORK: Oil tumbled 5 percent on Friday, erasing the previous session's gains, as Yemen's conflict looked less likely to disrupt Middle East crude shipments and investors turned their focus to talks for a potential Iran nuclear deal that could put more supply on the market. Oil prices still notched their second straight weekly gain, boosted by the dollar's weakness in recent sessions. US crude had its biggest weekly gain in more than a month. ...
Gold pares gains after Yemen air strikes rattle markets NEW YORK/LONDON: Gold pared gains after hitting a 3-1/2-week high on Thursday, after a knee-jerk reaction to escalating tensions in the Middle East knocked stocks and drove investors into assets viewed as lower-risk, such as bullion and German bonds. Silver rose nearly 3 percent to the highest level in more than five weeks before coming off its highs.Stock markets worldwide were knocked lower and oil prices jumped after Saudi Arabia and its allies conducted air ...
Talk of biotech bubble rattles Wall Street NEW YORK: The biotech sector is at the top of Wall Street's worry list as analysts debate whether high-flying pharma stocks are a bubble that is about to burst. Trade in biotech stocks was mixed Thursday as US stocks clawed back near even after early losses. Biotech was a key factor in the market's rout Wednesday, which included a 2.4 percent drop in Nasdaq.Biotech stocks have been among the market's hottest investment over the last ...

 



 
Index Closing Chg%
Arrow DJIA 18,080.14 0.12
Arrow Nasdaq 5,092.09 0.71
Arrow S&P 2,117.69 0.23
Arrow FTSE 7,070.70 0.24
Arrow DAX 11,810.85 0.74
Arrow CAC-40 5,201.45 0.44
Arrow Nikkei 20,020.04 0.83
Arrow H.Seng 28,060.98 0.84
Arrow Sensex 27,437.94 1.07





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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln