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Oil up after 4-day loss; bets for drop in US stockpiles NEW YORK: Oil turned higher on Tuesday, recovering from near six-month lows, as bets for a drop in US crude stockpiles offset worries about a global supply glut and equity market meltdown in China.The market also saw short-covering after a four-day selloff that wiped between 6 and 7 percent off crude futures, traders said. Some remained convinced, however, that oil had more to lose, and that a bottom for the market was still far off."We're getting a bounce of sorts but I'll be selling into any strength I see," said Tariq Zahir, an oil bear at Tyche Capital Advisors in Laurel Holllow, New York. Brent was up 10 cents, or 0.2 percent, at $53.57 a barrel by 11:56 a.m. EDT (1556 GMT), after hitting $52.28, the lowest since early February, on earlier concerns about the stock market plunge in China. US crude was up 70 cents, or 1.5 percent, at ...

China stocks rout stings world equities, commodities NEW YORK: The biggest rout in Chinese shares in eight years stoked concerns on Monday over slowing growth in the world's No. 2 economy, knocking down global equities and the prices of key commodities. The dollar eased on safety bidding for other major currencies. The euro topped $1.11 for the first time in two weeks, boosted further by strong German business sentiment data. Wall Street was down on worries over China's slowing growth, crystallized by ...
Oil hits 4-month low on China stock market dive, supply concern NEW YORK: Crude oil futures hit four-month lows on Monday after a steep drop in China's stock markets sparked concern about the economic health of the world's biggest energy consumer, while evidence of a growing crude glut mounted. Oil was also pressured by a sharp increase in US drilling activity with data on Friday showing producers added 21 rigs last week, the most in over a year, suggesting a ramp up in output as crude ...
Oil falls, heads for fourth weekly loss as China slows NEW YORK: Brent futures fell and US crude turned lower on Friday as both contracts headed for their fourth straight weekly declines as weak economic data from China added pressure on oil prices. US crude losses follow Thursday's fall into bear market territory, with it $48.45 a barrel settlement off 21 percent from the June 10 close at $61.43. A 20 percent downturn is considered by many traders to constitute a bear market. China's factory ...
TSX drops sharply shortly after open as oil, resources drag TORONTO: Canada's main stock index tumbled shortly after the open on Wednesday, falling as much as 1 percent, as heavily weighted energy and resource stocks tracked weaker commodity prices and led losses.The Toronto Stock Exchange's S&P/TSX composite index was down 116.22 points, or 0.81 percent, at 14,260.02, after falling as low as 14,231.10. Eight of the index's 10 main sectors lost ground. Copyright Reuters, 2015 ...
Brent up on UK outage, US crude slips on Cushing data NEW YORK: Brent crude prices rose on Thursday after a power outage shut production at Britain's largest oilfield and as the August contract approached expiration at the end of the session. US crude futures gave up early gains and then turned lower on data from industry intelligence firm Genscape showing more crude inventory gains at the Cushing, Oklahoma, hub, brokers and traders said. Brent August crude was up 69 cents at $57.74 a barrel at ...
Mexico, foreign firms set for landmark oil auction MEXICO CITY: Mexico holds on Wednesday the first oil auction of a historic energy reform that reopens the industry to foreign investors, with US, European and Asian firms jostling for contracts.Nearly 80 years after kicking foreign energy companies out of the country, the government is offering 14 blocks in shallow waters of the Gulf of Mexico worth an estimated $17 billion in total.The auction is the climax of President Enrique Pena Nieto's top economic reform, ...


Index Closing Chg%
Arrow DJIA 16,472.37 1.23
Arrow Nasdaq 4,707.77 1.74
Arrow S&P 1,951.36 1.43
Arrow FTSE 6,129.98 0.95
Arrow DAX 9,553.07 0.46
Arrow CAC-40 4,458.88 0.73
Arrow Nikkei 17,725.13 0.02
Arrow H.Seng 21,506.09 3.17
Arrow Sensex 26,220.95 0.25

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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 $-1.998 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklySeptember 21, 2015
Reserves $18.726 bln