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Brent oil to fall to $54.90 SINGAPORE: Brent oil may slide more to $54.90 per barrel, as pointed by the lower channel line of a falling channel.The wave pattern suggests that oil is riding on a wave 5, which looks incomplete. It is the fifth wave of a bigger wave (3) that developed from the Dec. 23, 2014 high of $62.14 and has been unfolding within the falling channel.Resistance is at $56.60, a break above which could signal the completion of the wave 5, and a rebound target will be established at $58, a resistance provided by the upper channel line.Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses. Copyright Reuters, 2014 ...

Oil prices down in Asian trade SINGAPORE: Oil prices fell in Asia Monday as dealers await fresh leads from top crude consumer the United States, while analysts warned there were likely still further losses losses to come.West Texas Intermediate, the US benchmark, eased 93 cents to $51.76 while Brent crude for February fell 75 cents to $55.67 in morning trade.Singapore's United Overseas Bank said in a commentary a key US employment report on Friday and the release of the latest meeting ...
China's Three Gorges dam 'breaks world hydropower record' BEIJING: China's Three Gorges dam has broken the world record for annual hydroelectric power production, more than a decade after it became the world's largest power plant, its operator said.The Yangtze river power station generated 98.8 billion kilowatt-hours of electricity in 2014, the Three Gorges Dam Corporation said in a statement, topping the 2013 production from the Brazilian-Paraguayan Itaipu dam.The amount of electricity generated by the Three Gorges plant is roughly equivalent to burning 49 ...
Oil prices up in thin New Year trading SINGAPORE: Oil prices rose Friday in thin Asian trading during the first session of the New Year, as dealers welcomed a larger-than-expected drop in US crude stockpiles, analysts said. West Texas Intermediate for February delivery, the US benchmark, rose 80 cents to $54.07 in mid-morning trade. Brent crude for February gained 71 cents to $58.04. "We are seeing thin volumes with the festive season still ongoing," Daniel Ang, investment analyst at Phillip Futures in Singapore, ...
Asia-Pacific Crude-Vietnam to lower 2015 output; ESPO weakens SINGAPORE: The Asia-Pacific crude market remained under pressure on Wednesday with several February cargoes still unsold, although a drop in production in Vietnam next year could limit supply in the region.Most grades were sold at slightly higher premiums this month, supported by the high costs of bringing arbitrage cargoes to the region. However, supply remained ample with little improvement in Asian demand.PetroVietnam expects revenues to drop by almost a third next year when it plans ...
Middle East Crude-Weaker; ESPO premiums fall SINGAPORE: Spot differentials for Russia's ESPO blend came under pressure in the Middle East crude oil market due to weak appetite from Asian refiners, traders said on Wednesday.ESPO for February loading was traded as low as $1.80-$1.90 a barrel above Dubai quotes, traders said, down from premiums of around $3 a barrel earlier this month.Rosneft sold three 730,000-barrel cargoes due to load in February in a tender at a premium of $2-$3 a barrel, the ...
Brent falls towards $57 as demand concerns outweigh supply disruptions SINGAPORE: Brent crude prices dropped towards $57 a barrel on Wednesday as weak Chinese manufacturing data and demand concerns outweighed supply disruptions in Libya.China's factory sector shrank for the first time in seven months in December, with the final HSBC/Markit Purchasing Managers' Index (PMI) for this month coming in at 49.6.The final reading was higher than a preliminary reading of 49.5, but down from the final 50.0 in November. The 50.0 mark separates growth from ...


Index Closing Chg%
Arrow DJIA 16,351.38 1.82
Arrow Nasdaq 4,749.98 2.46
Arrow S&P 1,948.86 1.83
Arrow FTSE 6,083.31 0.41
Arrow DAX 10,048.05 0.32
Arrow CAC-40 4,554.92 0.30
Arrow Nikkei 18,095.40 0.39
Arrow H.Seng 20,934.94 1.18
Arrow Sensex 25,453.56 0.95

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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