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Oil prices climb on Libya supply worries SINGAPORE: Oil prices rose on Monday, after dropping for the past two sessions, as escalating clashes in Libya stoked worries about supply from the OPEC member.A fire caused by fighting at one of Libya's main export terminals has destroyed 800,000 barrels of crude - more than two days of the country's output, officials said, amid clashes between factions battling for control of the nation. ."Libya, and all the other problems, warrants some kind of risk premium," said Jonathan Barratt, chief investment officer at Sydney's Ayers Alliance. "Oil is at a level where people are happy to build in a risk premium," he said.Brent crude was up 48 cents at $59.93 by 0530 GMT after hitting $60.40 in earlier in the day. The benchmark settled down 79 cents in the previous session.US crude rose 69 cents to $55.42 after closing $1.11 down in thin trade on Friday. It rose to a ...

US oil climbs above $55 a barrel on renewed Libyan tensions SINGAPORE: US crude rose more than $1 in early Asian trade on Monday, reversing a fall in the previous session as escalating clashes in Libya threatened oil exports and supply disruptions from the OPEC member. Both US crude and Brent climbed on renewed geopolitical concerns and the possibility of increased demand for oil on new fiscal stimulus packages by China and Japan. Forces loyal to Libya's recognised government launched air strikes on the western city ...
Tokyo stocks up 0.18pc by break TOKYO: Tokyo stocks rose 0.18 percent Monday morning, supported by a weaker yen and following another record close on Wall Street driven by optimism over the outlook for the US economy.The Nikkei 225 index at the Tokyo Stock Exchange was up 31.93 points at 17,850.89 by the break, while the Topix index of all first-section shares gained 0.11 percent, or 1.53 points, to 1,429.03. Copyright AFP (Agence France-Presse), 2014 ...
China to cut retail price of gasoline and diesel BEIJING: China will cut retail prices for gasoline by 520 yuan ($84) per tonne and for diesel by 500 yuan ($81) per tonne from Saturday, on falling world oil prices, the powerful economic planning agency said on Friday, its tenth straight cut since July.Copyright Reuters, 2014 ...
Oil prices rise following attacks on Libyan oil terminals SINGAPORE: Oil prices rose in Asia Friday as dealers reacted to a surprise Islamist attack on Libya's main oil terminals that left 22 soldiers dead. US benchmark West Texas Intermediate for February delivery rose 28 cents to $56.12 in mid-morning trade, while Brent for February gained 13 cents to $60.37.Trading volumes in Asia were thinner than usual with major regional financial markets including Hong Kong and Australia closed on Friday. US and European stock markets ...
Middle East Crude-Steady amid thin trade SINGAPORE: The Middle East crude market held steady on Wednesday amid thin trade due to the holiday season.Shell bought two February Dubai partials from Chinaoil at $57.40 and $57.30 a barrel, respectively. Trafigura bought an April partial from Shell at $59 a barrel.For Russian grades, Rosneft sold two of three ESPO cargoes via a tender to JX Nippon and Shell at about $3 a barrel above Dubai quotes, traders said, steady levels compared with an ...
Oil prices slip in Asian trade SINGAPORE: Oil prices edged lower in thin pre-holiday trade Wednesday, but analysts said losses were curbed by upbeat sentiment over a strong US economic growth report. US benchmark West Texas Intermediate for February delivery fell 46 cents to $56.66, while Brent crude for February eased 49 cents to $61.20 in afternoon trade.The US Commerce Department said Tuesday the world's largest economy grew at a spectacular five percent for the third quarter, the best growth rate ...


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