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Oil prices down in Asian trade SINGAPORE: Oil prices fell in Asia Monday as dealers fretted over a collapse in Greece's debt talks and a possible return of Iranian supplies disrupted by international sanctions, analysts said. US benchmark West Texas Intermediate for July delivery fell 20 cents to $59.76 while Brent crude for July eased 37 cents to $63.50 in mid-morning trade. Markets are "closely tracking the Greek debt crisis and the ongoing negotiations between Iran and the big six powers," said Sanjeev Gupta, head of the Asia-Pacific oil and gas practice at business consultancy firm EY. Crunch negotiations between Athens and its creditors fell apart on Sunday, fuelling fears the cash-starved government was heading irreversibly into the financial abyss with a huge IMF debt payment due at the end of the month.Analysts said oil prices were particularly hit as dealers fled the euro for the US dollar, strengthening the greenback. A stronger US dollar makes ...

Oil prices down in Asian trade SINGAPORE: Oil prices fell in Asia Friday on a stronger dollar as traders grow concerned about Greece's troubled debt negotiations, while the International Energy Agency's prediction of an end to the recent surge in demand added downward pressure.US benchmark West Texas Intermediate for July delivery fell 22 cents to $60.55 while Brent crude for July eased 16 cents to $64.95 in late-morning trade. Oil prices turned "bearish after the dollar's rally against the euro on ...
Oil prices down in Asian trade SINGAPORE: Oil prices moved lower in Asia Thursday following a mixed US energy report that showed a huge decline in crude and gasoline reserves but record-high output levels, analysts said. US benchmark West Texas Intermediate fell 27 cents to $61.16 while Brent eased 19 cents to $65.51 in late-morning trade. The US Department of Energy's (DoE) inventory report for the week to June 5 showed Wednesday that crude reserves fell 6.8 million barrels and gasoline ...
Gas Malaysia to raise gas price by 10.3pc from July 1 KUALA LUMPUR: Gas Malaysia Bhd , Malaysia's sole supplier of natural gas except to the power sector, said on Tuesday evening gas prices supplied to commercial and industrial sectors would rise by an average of 10.3 percent from July 1.The tariff adjustment comes seven months after the last revision in October as part of a previous government plan to cut subsidies and reduce its budget deficit.The gas tariff in Peninsular Malaysia will increase to 21.80 ...
Japan seeks 44,000 tonnes LPG for national reserves TOKYO: State-run Japan Oil, Gas and Metals National Corp (JOGMEC) issued a tender on Monday to buy liquefied petroleum gas (LPG) to store in its national reserves.JOGMEC is seeking 44,000 tonnes of propane for the stockpiling base in Namikata in Ehime prefecture, it said in a statement. The tender will be held on June 22, with offers to be evaluated the same day.Japan, which has five national LPG stockpiling bases with a total capacity of ...
Oil prices rise ahead of OPEC output meeting SINGAPORE: Oil prices rose in Asia Friday but gains were capped before a key meeting of the OPEC cartel, which is expected to maintain its current production levels despite an oversupplied global market. US benchmark West Texas Intermediate for July delivery edged up three cents to $58.03 while Brent crude for July gained 13 cents to $62.16 in late-morning trade. "It seems like the same rhetoric will continue (and) OPEC is not going to change ...
Japan shares head for record rally, dollar extends gains HONG KONG: Japanese shares rose for a 13th session Tuesday, equalling a record rally, thanks to the weak yen, while Greece's creditors held impromptu talks aimed at resolving the country's months-long debt reform crisis.Mainland Chinese shares also picked up, adding to the previous day's surge and helping to almost wipe out a near seven percent slump over Thursday and Friday.Tokyo rose 0.12 percent -- marking its best run of gains since 1988 -- while Shanghai ...


Index Closing Chg%
Arrow DJIA 17,745.98 0.03
Arrow Nasdaq 5,128.79 0.33
Arrow S&P 2,108.63 0.01
Arrow FTSE 6,668.87 0.57
Arrow DAX 11,257.15 0.40
Arrow CAC-40 5,046.42 0.58
Arrow Nikkei 20,522.83 1.08
Arrow H.Seng 24,497.98 0.49
Arrow Sensex 27,705.35 0.51

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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 $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln