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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 in the week to October 17, more than double market expectations.The US stockpiles surge added to worries over a market already awash with crude oil and further adding downward pressure on prices.Members of the OPEC cartel have signalled they will keep output levels stable, with some preferring to cut prices in order to gain share in a competitive market.Daniel Ang, investment analyst with Phillip Futures in Singapore, said the surge in US inventories came in ...

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 ...
Middle East crude Dubai slumps as Chinaoil scales back purchases  SINGAPORE: Dubai slipped into wider discount on Tuesday in the Middle East crude market as Chinaoil scaled back purchases.The trading arm of PetroChina bought just three Dubai partials from Gunvor, Shell and Unipec at $83.10 a barrel, equivalent to about 86 cents below Dubai swaps.The discount is the widest since the start of Chinaoil's buying spree this month which has led to the delivery of 36 cargoes or 18 million barrels of Upper Zakum, Oman ...
Falling global crude prices bolster India's economic outlook NEW DELHI: Falling crude oil prices have helped Indian lawyer Pratik Mehra get off the bus and back behind the wheel of his car, cutting his travel time to work by a third.In China, a short hop across the Himalayas, slumping consumer demand has sparked fears of deflation as it wrestles with flagging global economic growth.But in India, lower prices are allowing consumers like Mehra who drive much of the economy to open their wallets ...

 



 
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