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Oil slump drags Asian stocks lower, Tokyo leads losses HONG KONG: Asian markets fell Monday as a relentless plunge in oil prices exerted downward pressure, while investors in Japan shrugged off Prime Minister Shinzo Abe's decisive re-election and focussed instead on the faltering economy.Sydney shed 0.89 percent as a hostage crisis erupted in the heart of the city, with terrified people cowering inside a cafe where an Islamic flag was displayed against a window, sparking a security lockdown in an area home to government and corporate headquarters.In early trade Hong Kong lost 1.12 percent, Shanghai slipped 1.14 percent and Seoul was 0.66 percent lower. Tokyo dropped 1.31 percent by noon after Abe's widely expected election win in a snap poll on Sunday that he had billed as a referendum on his economic policies."The elections are a net plus for the market, but really came as no surprise and thus are not likely to be a very large factor in ...

Thailand's PTT says 2014 profit to be hit by weak oil prices BANGKOK: PTT PCL, Thailand's largest energy firm, warned that its 2014 net profit could be lower than the 94.65 billion baht ($2.9 billion) earned in 2013 due to sharply lower oil prices.State-controlled PTT group, which uses global oil prices as a benchmark for its products, faced a drop in selling prices, while its refinery business would post inventory losses, Wirat Uanarumit, chief financial officer, told reporters on Friday."Our bottom line this year is likely to ...
Brent hits 5-1/2 year low of $63 on supply glut, demand woes BEIJING: Brent crude continued its march downwards on Friday, dropping to a 5-1/2-year low of $63 a barrel for a weekly loss of more than 8 percent, amid persistent concerns over a global supply glut and a bearish demand outlook. The Organization of Petroleum Exporting Countries (OPEC), which accounts for a third of global oil output, cut its 2015 demand forecast this week, to the lowest in more than a decade. "The recent bout of ...
Asia-Pacific Crude: High shipping costs support; Vityaz steady SINGAPORE: Differentials in the Asia-Pacific crude market were supported by high costs of shipping arbitrage cargoes to the region, but upside was limited by still weak demand when trading for February cargoes gains pace next week, traders said on Friday. Spot differentials for Russia's Vityaz grade held steady, after Sakhalin Energy sold two February-loading to customers in China at about $1.50 a barrel above Dubai quotes, a trader said. Last month, the light sweet grade ...
Middle East Crude: Brisk demand support spot differentials SINGAPORE: Spot differentials for February-loading cargoes in the Middle East crude market rose on Friday amid brisk demand after producers slashed official selling prices (OSP), traders said.The premium for Abu Dhabi's flagship Murban grade rose to 30-40 cents a barrel to its OSP, up from a premium of 22 cents earlier this week, traders said. The grade traded close to parity for January.Das Blend rose to a premium of 50-60 cents a barrel to its ...
China's power output decelerates for third month in Nov SHANGHAI: China's power generation, a bellwether for the country's economic activity, rose 0.6 percent in November from a year before, with the pace of growth decelerating for the third month as manufacturing activity slackened.However, total electricity output of 448.7 billion kilowatt hours (kWh) in November marks a 0.92 percent gain from the preceding month, thanks to higher heating demand.Total power generation in the first 11 months of 2014 rose 3.9 percent from a year ago ...
China implied oil demand up 3pc on refinery runs BEIJING: China's implied oil demand in November gained around 3 percent from October to the strongest in two months, as refinery runs in the world's top energy consumer hit the second-highest level of on record.China consumed roughly 10.3 million barrels per day (bpd) of oil last month, according to Reuters calculations based on preliminary government data, the third straight month to break 10 million and up about 3.3 percent versus a year earlier.Demand from China, ...


Index Closing Chg%
Arrow DJIA 17,976.31 1.49
Arrow Nasdaq 4,947.44 1.15
Arrow S&P 2,081.24 1.22
Arrow FTSE 6,891.43 0.53
Arrow DAX 12,086.01 1.83
Arrow CAC-40 5,083.52 0.98
Arrow Nikkei 19,411.40 0.65
Arrow H.Seng 24,855.12 1.51
Arrow Sensex 27,975.68 1.88

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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln