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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 previous day."Oil prices are trading within range at the moment," said Daniel Ang, an investment analyst with Phillip Futures in Singapore."It's a confused market right now, that's why we are seeing rangebound trading," said Ang.He said the market was "still trying to grasp" the impact of the Iranian nuclear deal that checks its nuclear programme in exchange for the lifting of economic sanctions, allowing Tehran to ramp up crude exports, which have been halved by ...

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 ...
Middle East Crude: Sept Upper Zakum sells at premium; Basra supply cut SINGAPORE: Trade in September-loading Middle East crude cargoes kicked off with Upper Zakum trading at slightly higher premiums than the previous month, traders said on Monday.Exxon Mobil and ENOC sold one Upper Zakum cargo each at 30-40 cents a barrel above the grade's official selling price (OSP) to Chinaoil and PTT, they said. The deals could not be independently verified.Robust demand on the window supported Upper Zakum and will likely underpin values for medium and ...
Oil prices down in Asia as Iran deal looms SINGAPORE: Oil prices fell in Asia Monday as Iran and major western powers said they were closer than ever to a landmark nuclear deal that would lift sanctions and see Tehran's crude exports return to global markets.A forecast by the International Energy Agency (IEA) for slower world oil demand next year was also weighing on the market, analysts said.US benchmark West Texas Intermediate for August delivery was down 86 cents to $51.88 and Brent crude ...
Oil up in Asian trade as China shares recover SINGAPORE: Oil prices rose further in Asia Friday following recent sharp losses, lifted by a recovery in Chinese stocks as the government beefed up measures to support the market.The rebound, which followed a 30 percent plunge Chinese share prices, eased concerns of a wider fallout into the world's second biggest economy and top energy consumer, but analysts said it remained to be seen whether the rally it will be sustained.US benchmark West Texas Intermediate for ...
China's Sinopec Corp forecasts 11-fold profit jump in Q2 BEIJING: Sinopec Corp said on Wednesday that it expected an 11-fold jump in quarterly net profit, and has halted trading on the Hong Kong bourse until Thursday. In a notice to the Shanghai Stock Exchange, the state-controlled energy giant said it estimated its second-quarter net profit attributable to equity holders of the company would jump more than 1,000 percent from the first quarter. Net profit in the first quarter of 2015 stood at 2.17 billion ...


Index Closing Chg%
Arrow DJIA 16,058.35 2.84
Arrow Nasdaq 4,636.11 2.94
Arrow S&P 1,913.85 2.96
Arrow FTSE 6,058.54 3.03
Arrow DAX 10,015.57 2.38
Arrow CAC-40 4,541.16 2.40
Arrow Nikkei 18,165.69 3.84
Arrow H.Seng 21,185.43 2.24
Arrow Sensex 25,696.44 2.23

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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