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Vietnam's Petrolimex cuts retail fuel prices by up to 11pc HANOI: Vietnam's Petrolimex said on Monday it has lowered the retail prices of oil products such as petrol, diesel and fuel oil by between 8 percent and 11 percent, following lower global oil prices. As of 1500 (0800 GMT), a litre of 92-octane petrol was lowered by 10.29 percent to 17,880 dong ($0.84), while fuel oil was cut 11.4 percent to 13,130 dong per litre, the state-run firm which dominates domestic distribution networks said in a statement on its website Diesel with 0.05 percent of sulphur was cut 7.7 percent to 16,990 dong per litre, the statement said. This is the second price cut in a month and the country's biggest adjustment of oil product prices in recent years. Vietnam's annual inflation would likely stay under 3 percent in 2014, the lowest since 2003 based on government data, Prime Minister Nguyen Tan Dung has said. Copyright Reuters, 2014 ...

Brent crude climbs toward $63 amid stronger Asian markets SINGAPORE: Brent crude futures rose more than 2 percent toward $63 a barrel on Monday as Asian markets firmed into a holiday-shortened week and consensus spread that prices would likely remain above $60 for the rest of the year.MSCI's broadest index of Asia-Pacific shares outside Japan extended gains and was up 1.4 percent. Japan's Nikkei pared early gains but managed to eke out a 0.1 percent rise ahead of a Japanese public holiday on Tuesday, ...
Vietnam will license $22bn refinery in early 2015 HANOI: Vietnam will grant a licence for a $22 billion refinery and petrochemical complex by Thai top energy company PTT Pcl and Saudi Aramco, the world's biggest oil producer no later than February 2015, a Vietnamese government official said on Monday.PTT and Aramco will each fund 50 percent of the project, should the firms fail to find any Vietnamese counterpart, said Man Ngoc Ly, head of the Nhon Hoi economic zone in the central province ...
Brent crude climbs above $62 amid stronger Asian markets SINGAPORE: Oil prices rose on Monday as Asian markets opened strongly into a holiday-shortened week and consensus spread that Brent crude futures would likely remain above $60 for the rest of the year. MSCI's broadest index of Asia-Pacific shares outside Japan extended gains and was up 1.4 percent. Japan's Nikkei pared early gains but managed to eke out a 0.1 percent rise ahead of a Japanese public holiday on Tuesday, while Australian shares surged 1.9 ...
Brent crude climbs above $62 amid stronger Asian markets SINGAPORE: Oil prices rose on Monday as Asian markets opened strongly into a holiday-shortened week and consensus spread that Brent crude futures would likely remain above $60 for the rest of the year.MSCI's broadest index of Asia-Pacific shares outside Japan extended gains and was up 1.4 percent. Japan's Nikkei pared early gains but managed to eke out a 0.1 percent rise ahead of a Japanese public holiday on Tuesday, while Australian shares surged 1.9 percent.Brent ...
China's Nov Iran crude oil imports down 2.6pc BEIJING: China's November crude oil imports from Iran fell 2.6 percent from a year earlier to 2.13 million tonnes, or 517,560 barrels per day (bpd), customs data showed on Monday.On a daily basis, the November imports rose 53 percent from 338,635 bpd in October, while Jan-Nov imports rose 29.3 pct on year at 544,090 bpd.Copyright Reuters, 2014 ...
Oil prices extend gains in Asia SINGAPORE: Oil prices rose in Asia on Monday, extending a sharp rebound at the end of last week, with analysts predicting the sector has bottomed out after plunging almost 50 percent since June.US benchmark West Texas Intermediate (WTI) for February delivery gained 79 cents to $57.92 while Brent crude for February added 91 cents to $62.29 in afternoon trade."We do not expect WTI and Brent to test new lows this week," said Daniel Ang, investment ...

 



 
Index Closing Chg%
Arrow DJIA 17,730.11 0.16
Arrow Nasdaq 5,009.22 0.08
Arrow S&P 2,076.78 0.03
Arrow FTSE 6,585.78 0.67
Arrow DAX 11,058.39 0.37
Arrow CAC-40 4,808.22 0.57
Arrow Nikkei 20,539.79 0.08
Arrow H.Seng 26,064.11 0.83
Arrow Sensex 28,092.79 0.53





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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%
MonthlyMay
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 01, 2015
Reserves $18.5 bln