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China's Sinopec sets eyes on Europe with 2nd jet fuel shipment SINGAPORE: China's Sinopec Corp is shipping its second ever jet fuel cargo to Europe, once considered a rare trade route, as the refiner looks to expand its global market share with demand lagging output levels at home, industry sources said. The world's No. 2 refiner shipped out 90,000 tonnes of jet fuel to Europe in late June, said two sources, who did not want to be named because of rules on talking to media. Shipping fixtures show a vessel, SKS Donggang, was chartered by trader Noble and loaded with jet fuel from Yangpu in south China around the same time.SKS is near Madagascar now and moving towards Le Havre, France, according to shiptracking data on Reuters. Sinopec could not be immediately reached for a comment.The company's first jet fuel shipment to Europe was in May, which the refiner had said was of great significance in terms of expanding jet fuel ...

Oil prices fall further on strong dollar, WTI below $50 SINGAPORE: Oil prices fell further in Asia Tuesday, with US crude falling below $50 a barrel as demand for the dollar-priced commodity takes a hit from a strong US currency, analysts said. Expectations of more Iranian crude flooding the oversupplied global market within months following a nuclear deal also continue to drag prices lower. US benchmark West Texas Intermediate (WTI) for August delivery fell 20 cents to $49.95 and Brent crude for September dropped 14 ...
Oil prices down in Asia on strong dollar, supply worries SINGAPORE: Oil prices declined in Asia Monday on a stronger dollar and concerns a supply glut will worsen following a landmark deal that will allow Iran to increase its crude exports.US benchmark West Texas Intermediate (WTI) for August delivery fell 26 cents to $50.63 and Brent crude for September dipped 20 cents to $56.90 a barrel in afternoon trade.The dollar was firm in Asia on Monday with investors focussing on the timing of a US ...
Oil prices edge up, but glut fears cap gains HONG KONG: Oil prices edged up Friday but gains were tempered by ongoing concerns about a global supply glut and a pick-up in the strength of the dollar.US benchmark West Texas Intermediate for August delivery rose five cents to $50.96 a barrel and Brent crude for September, a new contract, advanced 16 cents to $57.08. Crude investors continue to fret as the global economy struggles to get back up to speed, despite a strong pick-up ...
Oil prices rebound in Asia SINGAPORE: Oil prices rebounded in Asia Thursday after a sharp decline the day before as traders tried to get a handle on the full implications of Iran's landmark nuclear deal with major powers.US benchmark West Texas Intermediate for August delivery rose 35 cents to $51.76 a barrel in mid-afternoon trade after tumbling $1.63 in New York on Wednesday.Brent crude for August advanced 37 cents to $57.42. The contract, which expires Thursday, had fallen $1.65 the ...
Middle East Crude: Dubai, Oman weaken after Iran nuclear deal SINGAPORE: Dubai and Oman weakened for a second session in the Middle East crude market on Tuesday after world powers and Iran finally reached a nuclear agreement which could pave the way for more Iranian oil exports.Iran and the six powers have reached a deal that will grant Tehran sanctions relief in exchange for curbs on its nuclear programme, Iranian and Western diplomats said, although there were no immediate details on how sanctions would be ...
Oil falls further in Asia with Iran deal close SINGAPORE: Oil prices tumbled further in Asia Tuesday on signs of an imminent deal between Iran and Western powers that would allow Iranian crude to flow back into the already saturated global market.A strong US currency has also made the dollar-priced commodity more expensive, denting demand, analysts said.US benchmark West Texas Intermediate for August delivery fell 75 cents to $51.45 and Brent crude for August eased 60 cents to $57.25 in afternoon Asian trade."It seems ...


Index Closing Chg%
Arrow DJIA 16,643.01 0.07
Arrow Nasdaq 4,828.32 0.32
Arrow S&P 1,988.87 0.06
Arrow FTSE 6,247.94 0.90
Arrow DAX 10,298.53 0.17
Arrow CAC-40 4,675.13 0.36
Arrow Nikkei 19,136.32 3.03
Arrow H.Seng 21,612.39 1.04
Arrow Sensex 26,392.38 0.61

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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 $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln