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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 added 0.33 percent. But Hong Kong fell 0.45 percent, Sydney shed 0.79 percent and Seoul was 0.46 percent lower.Another upbeat economic indicator out of the United States added to expectations the Federal Reserve will begin raising interest rates soon, which in turn helped the dollar to 12-year highs against the yen.Data showing US construction spending picked up strongly in April increased beliefs the American economy is rebounding after the winter stall, which saw it contract ...

Thailand's EGAT says signs deal with Tepco on LNG import cooperation BANGKOK: State-run Electricity Generating Authority of Thailand (EGAT) has signed a preliminary agreement with Tokyo Electric Power Co (Tepco) to co-operate on impots of liquefied natural gas (LNG) to Thailand, a senior EGAT official said on Friday.Thailand is expected to import a large amount of LNG to help offset falling domestic gas supply and the plan will not affect PTT PCL, the country's sole gas supplier, Prapas Vichakul deputy governor for fuel told reporters.LNG is ...
Oil prices up in Asian trade SINGAPORE: Oil prices edged higher Friday following a mixed US petroleum report that showed a healthy decline in crude and gasoline reserves but a rise in oil production that could aggravate the global supply glut. US benchmark West Texas Intermediate (WTI) for July rose 66 cents to $58.34 and Brent crude for July gained 48 cents to $63.06 in late-morning trade. Daniel Ang, investment analyst at Phillip Futures in Singapore, said in a commentary that ...
Middle East Crude-Cash Dubai, DME Oman flip to premiums SINGAPORE: Cash Dubai strengthened in the Middle East crude market on Thursday, boosted by purchases from Shell and Unipec on the window.The benchmark flipped into a premium of about 40 cents against swaps after Shell bought July Dubai partials from Chinaoil at $61.10 a barrel, traders said. DME Oman also strengthened to a premium against Dubai swaps.The July-September spread narrowed to parity after Unipec bought a September partial from Trafigura at $61.10 a barrel.The narrower ...
Asia-Pacific Crude-Refinery demand weakens SINGAPORE: Spot differentials in the Asia-Pacific crude market came under pressure from weakening refinery demand, traders said on Thursday.While Asian refining margins have improved from last month , demand from typical buyers of regional sweet crude in Southeast Asia and Australia has been hit by scheduled maintenance or shutdowns of refineries.Spot premiums for Vietnam's Chim Sao and Bach Ho grades fell more than $1 a barrel from the previous month, traders said, although the exact ...
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 ...
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 ...

 



 
Index Closing Chg%
Arrow DJIA 17,689.86 0.03
Arrow Nasdaq 5,128.28 0.01
Arrow S&P 2,103.84 0.23
Arrow FTSE 6,696.28 0.41
Arrow DAX 11,308.99 0.46
Arrow CAC-40 5,082.61 0.72
Arrow Nikkei 20,585.24 0.30
Arrow H.Seng 24,636.28 0.56
Arrow Sensex 28,114.56 1.48





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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln