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Oil prices sink further in Asian trade SINGAPORE: Oil prices sank further to new multi-year lows in Asia Tuesday, with analysts weighing the possible political and economic fallout in oil-producing countries with little respite in the selling. US benchmark West Texas Intermediate for January delivery fell 33 cents to $55.58 while Brent crude for January eased 46 cents to $60.60 in afternoon trade -- both contracts at levels not seen since mid-2009.WTI tumbled $1.90 Monday and Brent dipped 79 cents.Crude prices have plunged roughly 50 percent since June, weighed down by plentiful supplies, the stronger dollar and weak demand arising from the struggling global economy, according to analysts.News that HSBC's index of Chinese manufacturing activity had shown contraction also weighed on prices."While the US and the world as a whole will benefit from lower oil prices, there is a concern that those who lose out may be hit so hard that the fallout from their problems will ...

Oil prices fall as China's factories slow SINGAPORE: Oil prices fell on Tuesday, with Brent mired near a 5-1/2 year low close to $60 per barrel, as Chinese factory activity slowed and concerns rose over the health of emerging market economies and their currencies. Oil prices have almost halved since June amid rising output and cooling demand, but producer club OPEC has so far resisted calls to cut production to shore up prices. Data showing activity in China's factory sector shrank for ...
China stocks rise, led by brokerages, but Hong Kong shares fall BEIJING: China stocks climbed on Tuesday while Hong Kong shares fell, with the divergence between the prices of financial counters listed in both places widening. The CSI300 index of leading shares listed in Shanghai and Shenzhen rose 0.8 percent, to 3,241.36 points at the end of the morning, while the Shanghai Composite Index gained 0.7 percent, to 2,975.37 points.Helping lift the mainland indexes were brokerage shares, but Chinese financials slipped in Hong Kong. The Hang ...
SE Asia Stocks: Extend declines on emerging markets sell-off JAKARTA: Southeast Asian stock markets slumped on Tuesday after emerging market currencies were hit by global risk aversion, triggered by a sharp decline in the Russian rouble."Conditions in Russia pushed investors to return to holding US dollar, which hurt local currencies and stock markets in the region," said Muhamad Alfatih, an analyst with Samuel Sekuritas in Jakarta.The Russian central bank on Tuesday sharply hiked interest rates to halt a collapse in the rouble. Before the ...
Rouble jumps on Russia rate hike, oil pressured TOKYO: Oil prices continued to slide on Tuesday, while the rouble jumped against the dollar after Russia sharply hiked its benchmark interest rate to halt a collapse in its currency. The dour mood kept equities down in Asia, with MSCI's broadest index of Asia-Pacific shares outside Japan down 0.1 percent in early trade. The Russian central bank raised its key interest rate to 17 percent from 10.5 percent, in a move it said was aimed ...
Oil prices sink further in Asian trade SINGAPORE: Oil prices sank further to new multi-year lows in Asia Tuesday, with analysts weighing the possible political and economic fallout in oil-producing countries with little respite in the selling. US benchmark West Texas Intermediate for January delivery fell 24 cents to $55.67 while Brent crude for January eased 22 cents to $60.84 in mid-morning trade -- both contracts at levels not seen since mid-2009.WTI tumbled $1.90 Monday and Brent dipped 79 cents.Crude prices have ...
Brent edges up to $62.35 after earlier crash in volatile trade SINGAPORE: Oil markets saw volatile trading in Asia on Monday as Brent prices first fell to a 5-1/2 year low after the International Energy Agency (IEA) cut its outlook and then rose on hopes of improving manufacturing data.Brent futures fell to near $60 per barrel after the IEA forecast further price falls and OPEC's chief on Sunday defended the group's decision not to cut its output target, and although prices picked up later in volatile ...

 



 
Index Closing Chg%
Arrow DJIA 18,080.14 0.12
Arrow Nasdaq 5,092.09 0.71
Arrow S&P 2,117.69 0.23
Arrow FTSE 7,070.70 0.24
Arrow DAX 11,810.85 0.74
Arrow CAC-40 5,201.45 0.44
Arrow Nikkei 20,020.04 0.83
Arrow H.Seng 28,060.98 0.84
Arrow Sensex 27,437.94 1.07





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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%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln