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Indian shares gain for second day; IT stocks, Reliance lead MUMBAI: Indian shares rose for a second consecutive day on Friday, led by gains in IT stocks after global rival Accenture Plc raised its revenue forecast while Reliance Industries rose on bets it will roll out its telecom services in the next few months. Gains also tracked Asian shares that enjoyed their best day in 15 months after Wall Street boasted its biggest two-day advance since late 2011 amid relief the Federal Reserve was in no rush to withdraw stimulus from the US economy. Investors remained encouraged after the Indian cabinet approved a constitutional amendment bill on Wednesday to rationalise state and central indirect taxes into a harmonised goods and services tax (GST). Still, for the week, the shares ended flat to slightly higher after two previous weeks of declines as a slump in the Russian rouble sparked fears of financial contagion earlier in the week. "Overall improving liquidity and ...

Indonesia to set domestic fuel subsidy at fixed rate per litre JAKARTA: Indonesia will set domestic fuel subsidy at a fixed rate per litre from Jan. 1, the chief economics minister said on Friday. The change will make domestic fuel prices float according to market price, but the government's budget for fuel subsidies will be manageable, Sofjan Djalil, the chief economics minister, told Reuters. "We're going to have another policy on oil price introduced before the end of the year, we're going to introduce fixed subsidy ...
Oil rebounds in volatile year-end trade SINGAPORE: Oil prices edged up in Asia Friday after falling sharply in the previous session, as analysts predicted increased volatility and no end in sight this year to tumbling prices. US benchmark West Texas Intermediate (WTI) for January delivery rose 73 cents to $54.84, while Brent crude for February gained 32 cents to $59.59 in afternoon trade. WTI dived Thursday $2.36 to its lowest since May 2009, while Brent tumbled $1.91."Until the issue of low ...
Lower oil prices expected to boost Asian demand growth in 2015 SINGAPORE: Lower oil prices could boost demand in Asia in 2015, with spot interest for diesel, Asia's most widely used fuel, picking up in countries like Vietnam, Philippines and Indonesia, traders and analysts said.Asia's oil demand is expected to grow 660,000 barrels per day (bpd) to 31.11 million bpd in 2015, up from this year's growth of 610,000 bpd, according to estimates by oil and gas consultancy KBC Advanced Technologies.The region will add 310,000 bpd ...
Oil rebounds in volatile year-end trade SINGAPORE: Oil prices edged up in Asia Friday after falling sharply in the previous session, as analysts predicted increased volatility and no end in sight this year to tumbling prices. US benchmark West Texas Intermediate for January delivery rose 63 cents to $54.74, while Brent crude for February gained 16 cents to $59.43 in mid-morning trade. WTI dived Thursday $2.36 to its lowest since May 2009, while Brent tumbled $1.91."Until the issue of low global ...
Asia-Pacific Crude-High freight rates support; Sokol strengthens SINGAPORE: Spot differentials for Russian Sokol strengthened in the Asia-Pacific crude market, as the short-haul grade benefited from high transportation costs for competing grades from other regions.India's ONGC sold 700,000 barrels of Sokol crude loading Feb. 20-26 in a tender at around $3.50 a barrel above the Oman-Dubai average, traders said.The premium to the Oman/Dubai average translates into a premium of around $4 a barrel against Dubai quotes, according to one trader. Last month, the ...
Middle East Crude-Iraq steps up exports SINGAPORE: The Middle East crude market came under pressure on Thursday as Iraq stepped up exports, adding to a glut of medium, heavy sour oil available to Asia.This was despite a rise in spot crude purchases from Taiwan's CPC Corp.Iraq's State Oil Marketing Organization (SOMO) has scheduled to export about 2.64 million barrels per day (bpd) of Basra Light in January, traders said, up from 2.55 million bpd in the previous month.More oil could come ...

 



 
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