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Oil prices retreat in Asian trade SINGAPORE: Oil prices retreated in Asia Wednesday as traders focus on US crude stockpile report, a day after growing concerns over China's economy sparked a massive sell-off in shares of commodity firms.As Asian stocks recovered from Tuesday's rout, oil prices remain under pressure because demand growth continues to fall behind crude supply, analysts said.US benchmark West Texas Intermediate (WTI) for November delivery fell 44 cents to $44.79 and Brent crude dropped 36 cents to $47.87 a barrel in late-morning trade.Both contracts closed higher on Tuesday after sinking on Monday along with equities following dismal industrial data that reignited doubts about China's commodity-hungry economy."At the end of the day, the fundamentals of supply and demand remain intact," said Daniel Ang, an investment analyst with Phillip Futures in Singapore.He said traders are training their sights on a report to be released later Wednesday on US commercial crude stockpiles for the week ending ...

Oil prices fall on slowing global economic growth outlook SINGAPORE: Oil prices dropped on Monday despite a fall in U.S. drilling activity for the fourth straight week, with analysts pointing to a poor economic growth outlook as the main reason for low crude prices.China's August industrial profits dropped 8.8 percent from the same month last year, and January to August industry profits were down 1.9 percent."The growth problem endures. Asia isn't about to bounce," said Frederic Neumann, co-head of Asia Economics Research at HSBC ...
Brent oil targets $59.96 in three months SINGAPORE: Brent oil may break a resistance at $53.20 per barrel, and rise more towards the next resistance at $59.96 over the next quarter, following the completion of a five-wave cycle.The cycle started at the Aug. 28, 2013 high of $117.34 and ended at the Aug. 24, 2015 low of $42.23. A Fibonacci retracement analysis on the cycle reveals a target at $70.92, the 38.2 percent level, which is close to the peak of the ...
Oil prices mixed in Asia after Fed holds interest rates SINGAPORE: Oil prices were mixed in cautious Asian trade Friday after the Federal Reserve kept its benchmark interest rate at zero but warned about weaknesses in the global economy.News that the US central bank would keep borrowing costs at zero was broadly welcomed across Asia, with most stock markets up, as it eased concerns about a feared flight of capital from the region's struggling economies.It also weakened the greenback, making dollar-priced oil less expensive for ...
Oil rally loses steam in Asia ahead of Fed decision SINGAPORE: Oil prices eased in Asia Thursday, a day after surging on news of a sharp decline in US crude stockpiles, while investors are also treading carefully ahead of a US Federal Reserve interest rate decision later in the day.US benchmark West Texas Intermediate (WTI) for delivery in October dipped 14 cents to $47.01 a barrel and Brent crude for November edged down four cents to $49.71.On Wednesday WTI surged almost six percent and Brent ...
Petronas drops Sept crude price factor to $3.30/bbl SINGAPORE: State oil firm Petronas has set the price factor for Malaysian Crude Oil (MCO) for September at $3.30 per barrel, down $0.60 from the previous month, a source with direct knowledge of the matter said on Tuesday. Petronas introduced a new official selling price (OSP) for its crude based on a basket of Malaysian crude oil grades Labuan, Miri Light and Kikeh effective January 2014. Copyright Reuters, 2015 ...
Oil prices mixed in Asia SINGAPORE: Oil was mixed in Asia onTuesday as prices remain hobbled by weak demand and excess supplies.US benchmark West Texas Intermediate for delivery in October climbed 22 cents to $44.22, while Brent crude for October dipped six cents to $46.31 in late-morning trade, reversing earlier gains.Expectations that US crude oil inventories expanded for a third week and news that the OPEC cartel has slashed its demand growth forecast for next year are keeping a lid ...


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