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Brent oil to fall to $62.31 SINGAPORE: Brent oil is expected to fall to $62.31, as it has cleared a support at $64.02 per barrel.The support was provided by the 138.2 percent Fibonacci projection level of an upward wave C, the third wave of a three-wave cycle that developed from $52.50. The next support will be at $62.31, the 114.6 percent level, a break below which could cause a further loss to $61.25, the 100 percent level, which is pointed by the lower channel line of a falling channel.A break above $64.02, now a resistance, could lead to a limited gain to $64.88, the 150 percent level.Copyright Reuters, 2015 ...

Oil recovers from drop of over 2pc, US crude stocks in focus SINGAPORE: Crude futures rose on Wednesday to recover ground from sharp drops in the previous session, boosted by expectations that US crude stocks could fall for a fourth straight week.Prices were also supported by comments from western diplomats that a nuclear deal with Iran was unlikely by a June 30 deadline and that the oil producer would not get sanctions relief before the end of the year in the best of cases.July Brent crude had ...
Oil prices steady but indications rally running out of steam SINGAPORE: Crude oil prices were broadly unchanged in early trading on Tuesday, as firm demand supported and ample supply dragged, but analysts said there were signs that a recent rally was running out of steam.Robust demand in Asia as well as due to the driving season in the United States is being met by near record output, especially from the Organization Of Petroleum Exporting Countries (OPEC), although US production seems to have been peaked, at ...
China end-April commercial crude stocks up 0.5pc on month BEIJING: China's commercial crude oil stocks at the end of April rose 0.5 percent from March, while refined fuel stocks were down 1.8 percent, the official Xinhua News Agency reported on Tuesday.Diesel led the fall in stocks with a 4.4 percent decline, as spring cultivation went into full swing, and industrial, mining and construction operation rates rose, China Oil, Gas & Petrochemicals (OGP), a Xinhua oil and gas newsletter, reported.Gasoline recorded a 3.4 percent rise, ...
Tokyo stocks rise 0.72pc by break on upbeat Japan GDP TOKYO: Tokyo stocks rose 0.72 percent Wednesday morning on a weaker yen and solid Japanese growth data, but auto parts giant Takata tumbled after a recall of US cars with potentially deadly airbags was widened.The Nikkei 225 index at the Tokyo Stock Exchange climbed 144.13 points to 20,170.51 by the break, while the Topix index of all first-section shares rose 0.53 percent, or 8.61 points, to 1,641.94.Copyright AFP (Agence France-Presse), 2015 ...
Tokyo stocks up 0.51pc by break after Wall St record TOKYO: Tokyo stocks rose 0.51 percent Friday morning, picking up a strong lead from Wall Street where the S&P 500 surged to another record close.The Nikkei 225 index at the Tokyo Stock Exchange added 99.67 points to 19,669.91 by the break, while the Topix index of all first-section shares climbed 0.40 percent, or 6.38 points, to 1,597.87.In New York the broad-based S&P 500 bolted to a fresh record-high close Thursday, led by strong gains in ...
Oil prices extend gains in Asia SINGAPORE: Oil prices extended gains in Asia Wednesday on a weaker dollar and amid expectations the latest US crude-oil inventories report will show a decline, easing a global supply glut, analysts said.US benchmark West Texas Intermediate (WTI) for June delivery gained 46 cents to $61.21 while Brent crude for June rose 20 cents to $67.06 in mid-morning trade. WTI surged $1.50 in New York while Brent closed up $1.95 in London, gaining support from a ...


Index Closing Chg%
Arrow DJIA 18,041.54 1.04
Arrow Nasdaq 5,032.75 1.11
Arrow S&P 2,104.20 1.03
Arrow FTSE 6,948.99 1.18
Arrow DAX 11,625.13 1.61
Arrow CAC-40 5,083.54 0.66
Arrow Nikkei 20,437.48 0.12
Arrow H.Seng 28,249.86 0.92
Arrow Sensex 27,531.41 0.41

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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 26, 2015
Reserves $17.749 bln