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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 Prime Minister Alexis Tsipras stunned the world at the weekend by breaking off bailout reform talks and calling for a referendum on austerity conditions demanded by its creditors.The move means Athens is unlikely to agree a deal to unlock bailout funds to repay an IMF debt by the end of Tuesday, putting it in default and in danger of crashing out of the eurozone.Top European leaders including Germany's Angela Merkel France's Francois Hollande and Italy's ...

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 ...
Oil prices mixed in Asian trade SINGAPORE: Oil prices were mixed in Asia Thursday following a bearish US energy report, while talks over crude producer Iran's nuclear programme dragged on, analysts said. US benchmark West Texas Intermediate for August delivery fell three cents to $60.24 while Brent gained 14 cents to $63.63 in mid-morning trade.Sanjeev Gupta, head of the Asia-Pacific oil and gas practice at business consultancy EY, said oil prices were pressured by the US Department of Energy's weekly petroleum ...
Hong Kong stocks end 0.26pc up, Shanghai extends rebound HONG KONG: Equities in Hong Kong rose 0.26 percent Wednesday, a fourth straight gain, on hopes Greece will agree a debt reform deal with its creditors, while Shanghai extended the previous day's gains on improved liquidity.The benchmark Hang Seng Index added 71.51 points to 27,404.97 on turnover of HK$117.04 billion (US$15.10 billion).In mainland China the benchmark Shanghai Composite Index jumped 2.48 percent, or 113.66 points, to 4,690.15 on turnover of 815.1 billion yuan ($133.3 billion).The ...
Oil prices rise further in Asia SINGAPORE: Oil prices extended their gains in Asia Wednesday on expectations of a decline in US crude inventories and robust economic data from the eurozone, analysts said.US benchmark West Texas Intermediate for August delivery was up 12 cents at $61.13 a barrel and Brent climbed 11 cents to $64.56 in late-morning trade.Both contracts also ended higher on Tuesday as traders bet on a fall in stockpiles when the US Department of Energy releases its weekly ...
Oil prices down in Asia SINGAPORE: Oil prices fell in Asia Tuesday, with the possible return of Iranian crude to the global market stoking further concerns over a supply glut, analysts said.Iran and major western powers are racing to agree a deal by June 30 that would see Tehran open up its nuclear programme to allay concerns it is seeking atomic weapons, in return for the West lifting punishing economic sanctions.Any deal could result in Iranian crude returning to the ...

 



 
Index Closing Chg%
Arrow DJIA 17,598.20 0.52
Arrow Nasdaq 5,115.38 0.25
Arrow S&P 2,098.04 0.25
Arrow FTSE 6,688.62 0.11
Arrow DAX 11,443.72 1.19
Arrow CAC-40 5,120.52 0.75
Arrow Nikkei 20,548.11 0.11
Arrow H.Seng 24,411.42 0.91
Arrow Sensex 28,187.06 0.26





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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune-July
Trade Balance $-22.095 bln
Exports $23.885 bln
Imports $45.980 bln
WeeklyAugust 03, 2015
Reserves $18.536 bln