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Brent inches up to near $85, China PMI spurs optimism SINGAPORE: Brent crude reversed early losses to edge up towards $85 a barrel on Thursday as better than expected factory data from China countered concerns over rising supply.China's manufacturing activity quickened to a three-month high in October, with the HSBC/Markit manufacturing purchasing managers' index rising to 50.4 from 50.2 in September.China is the world's second biggest oil consumer and the expected strength of its economy is a key factor in judging oil demand outlook."It's above 50 percent so that may be part of the strength (in oil). Their GDP number was not too bad," said Tony Nunan, an oil risk manager at Mitsubishi Corp in Tokyo.While data on Tuesday showed China's economy grew at its slowest pace since 2009 in the third quarter at 7.3 percent, it was slightly above market forecasts of 7.2 percent.Brent crude for December delivery rose 13 cents to $84.84 a barrel by 0644 GMT, after ...

Oil narrows losses but remains subdued in Asia SINGAPORE: Oil narrowed losses in Asian trade Thursday after news that China's key manufacturing sector picked up slightly prompted some buying, but analysts said prices remain burdened by a supply glut.US benchmark West Texas Intermediate (WTI) reversed an earlier tumble, gaining two cents to $80.54 a barrel in afternoon trade, while Brent crude was unchanged at $84.71 after a decline during morning hours.Both contracts, already at multi-year lows, fell sharply on Wednesday after the US ...
Oil prices down in Asia SINGAPORE: Oil prices tanked further in Asian trade Thursday as a crude supply glut overshadowed news that China's key manufacturing sector picked up slightly, analysts said.US benchmark West Texas Intermediate (WTI) tumbled 30 cents to $80.22 a barrel in late-morning trade and Brent crude eased 34 cents to $84.37.Both contracts, already at multi-year lows, fell sharply on Wednesday after the US Department of Energy (DoE) reported that American oil inventories climbed by 7.1 million barrels ...
Hong Kong shares end up 1.37pc HONG KONG: Hong Kong stocks jumped 1.37 percent following a third successive advance on Wall Street, while traders await the release of preliminary Chinese manufacturing data later in the week.The Hang Seng Index rose 315.39 points to 23,403.97 on turnover of HK$61.51 billion ($7.94 billion).But in mainland China the benchmark Shanghai Composite Index fell 0.56 percent, or 13.11 points, to 2,326.55 on turnover of 138.5 billion yuan ($22.6 billion). The Shenzhen Composite Index, which tracks ...
Oil prices dip in Asia after recent gains HONG KONG: Oil prices slipped Wednesday after enjoying a recent upturn in line with a global equities rebound, while analysts said investors will now be keeping an eye on the US Federal Reserve's next policy meeting.However, oversupply and lingering concerns about demand in key markets are capping gains and keeping prices at multi-year lows.US benchmark West Texas Intermediate for December delivery eased 31 cents to close at $82.50 a barrel. Brent North Sea crude for ...
Oil prices dip in Asia after recent gains HONG KONG: Oil prices slipped Wednesday after enjoying a recent upturn in line with a global equities rebound, while analysts said investors will now be keeping an eye on the US Federal Reserve's next policy meeting.However, oversupply and lingering concerns about demand in key markets are capping gains and keeping prices at multi-year lows.US benchmark West Texas Intermediate for November delivery eased 31 cents to close at $82.50 a barrel. Brent North Sea crude for ...
Tokyo stocks up nearly 2.0pc in opening trade TOKYO: Tokyo stocks jumped nearly two percent in opening trade on Wednesday, bouncing back from a sharp drop the previous day as Wall Street shares posted robust gains.The Nikkei 225 index at the Tokyo Stock Exchange, which fell 2.03 percent on Tuesday, gained 1.97 percent, or 292.35 points, to 15,096.63 in the first 20 minutes of trade.US stocks shot higher Tuesday, propelled by talk of broader monetary stimulus in Europe.The Dow Jones Industrial Average gained ...

 



 
Index Closing Chg%
Arrow DJIA 16,461.32 0.92
Arrow Nasdaq 4,382.85 0.83
Arrow S&P 1,927.11 0.73
Arrow FTSE 6,399.73 0.43
Arrow DAX 8,940.14 0.60
Arrow CAC-40 4,105.09 0.58
Arrow Nikkei 15,195.77 2.64
Arrow H.Seng 23,403.97 1.37
Arrow Sensex 26,787.23 0.80





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln