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Oil prices higher in Asian trade SINGAPORE: Oil prices rose in Asia Thursday on expectations that the latest US stockpiles report will show a further dip in crude reserves as traders worry about a global oversupply, analysts said. US benchmark West Texas Intermediate for July delivery rose 21 cents to $57.72 while Brent crude for July gained 46 cents to $62.52 in late-morning trade. The Department of Energy's weekly petroleum report, usually released on Wednesdays, will be issued on Thursday owing to a public holiday at the start of the week."Speculation that US oil inventories could decline again in tonight's weekly report appears to have attracted some relative support" to prices, said Nicholas Teo, market analyst at CMC Markets in Singapore. Analysts expect inventories fell for a fourth consecutive week, by 2.0 million barrels, according to a survey by Bloomberg News. The stockpiles currently stand at 482.2 million barrels, just below record highs.Dealers have been hoping ...

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 ...
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 ...


Index Closing Chg%
Arrow DJIA 17,619.51 0.13
Arrow Nasdaq 4,986.87 0.57
Arrow S&P 2,063.11 0.27
Arrow FTSE 6,520.98 1.50
Arrow DAX 10,944.97 1.25
Arrow CAC-40 4,790.20 1.63
Arrow Nikkei 20,235.73 0.63
Arrow H.Seng 26,250.03 1.09
Arrow Sensex 27,780.83 0.49

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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 $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJune 25, 2015
Reserves $17.457 bln