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Oil rebounds in Asia SINGAPORE: Oil rebounded in Asia Tuesday on bargain-hunting after prices plunged a day earlier as Greek defiance against austerity measures imposed by its creditors sparked turbulence in global markets.Prices rose ahead of an emergency summit on Greece by eurozone leaders in Brussels Tuesday, after Greek citizens overwhelmingly rejected creditors' demands for further belt-tightening in a referendum.US benchmark West Texas Intermediate for August delivery advanced 44 cents to $52.97 in afternoon Asian trade after plummeting nearly 8.0 percent, or $4.43, in US closing deals Monday.Brent crude for August gained 54 cents to $57.08 after retreating more than 6.0 percent, or $3.78, in London."The market is trying to consolidate after the price plunge. People are buying on bargains," said Daniel Ang, an investment analyst with Phillip Futures in Singapore."I'm really looking at this whole issue as panic selling because of the Greece issue. I think the market expected the drops but not ...

Oil tumbles in Asia as Greek vote shakes world markets SINGAPORE: Oil fell in Asia Monday as investors digested the implications of Greece rejecting tough austerity demands from creditors which could send the debt-strapped nation crashing out of the eurozone, analysts said.Greek voters overwhelmingly rejected the bailout terms demanded by international creditors, with official figures from Sunday's referendum showing 61.31 percent voting "No" and 38.69 percent voting "Yes"."The result of the Greek referendum has thrust the world into uncharted territory," Singapore's DBS Bank said in ...
Oil prices ease ahead of Greece vote SINGAPORE: Oil prices eased in Asia Friday ahead of a weekend bailout reform referendum in Greece that could determine its future in the eurozone.West Texas Intermediate for August delivery was down 24 cents at $56.69 while Brent North Sea crude was 15 cents lower at $61.92.Greek voters will be asked to vote either "yes" to a bailout package offered by creditors in exchange for tougher austerity measures, or "no" in support of the leftist government's ...
Oil prices recover as Iran talks, Greek crisis drag on SINGAPORE: Oil prices recovered Thursday after the Iran nuclear talks were extended until July 7, giving oversupplied markets a breather despite uncertainty over the Greek financial crisis, analysts said. US benchmark West Texas Intermediate (WTI) for August delivery was up 10 cents at $57.06 in late morning Asian trade while Brent was 23 cents higher at $62.24."With the deadline now extended into next week on finding a comprehensive agreement on Tehran's nuclear programme, the markets ...
Oil prices down as Greece default looms SINGAPORE: Oil prices extended losses in Asia Tuesday on expectations Greece will miss a key debt repayment later in the day and edge closer to a eurozone exit, analysts said. US benchmark West Texas Intermediate (WTI) for August delivery fell 23 cents to $58.10 while Brent crude for August eased 15 cents to $61.86 in late-morning trade.WTI sank $1.30 and Brent lost down $1.25 Monday. Crude tracked losses in global equity markets Monday after Greek ...
Oil slides on Greek default fears SINGAPORE: Oil prices fell in Asia Monday tracking the sell-off in global equity markets on fears of a Greek debt default, analysts said.US benchmark West Texas Intermediate for August delivery fell 82 cents to $58.81 while Brent crude for August eased 70 cents to $62.56 in late-morning trade.Asian equity markets and the euro were facing sell-offs at the start of the week after cash-strapped Greece broke off deadlocked talks with creditors over the weekend, despite ...
Oil prices mixed with focus on Greece SINGAPORE: Oil prices were mixed in Asia Friday as dealers eyed the deadlocked Greek debt talks expected to come to a head over the weekend, analysts said. US benchmark West Texas Intermediate for August delivery fell eight cents to $59.62 while Brent crude for August gained 20 cents to $63.40 in mid-morning trade. "The focus for Friday and into the weekend will be on Greece," said Singapore's United Overseas Bank. Crude investors were weighing the ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln