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South Korea's SK Energy shuts secondary unit at Ulsan due to fire SEOUL: South Korea's top refiner SK Energy has shut a residue hydrodesulfurization unit (RHDS) following a small fire at its Ulsan site, a spokeswoman from SK Innovation said on Wednesday. SK Innovation is the parent company of SK Energy, which operates two refineries, one in Incheon and another in Ulsan. The restart dates of the 40,000 barrels per day (bpd) RHDS -- a unit which processes feedstock from a crude unit for gasoline-making unit residue fluid catalytic cracker (RFCC) -- was not immediately clear, she said. One of SK Energy's RFCC, a 57,000 bpd unit, is currently under maintenance since late May. The unit is to restart in mid-July. Copyright Reuters, 2014 ...

Vietnam index up 0.1pc at midday, select buying HANOI: Vietnam's benchmark VN Index edged up 0.11 percent at Wednesday's break, on track for a sixth straight gain, as investors bet good corporate results in several firms, an analyst said."Trading has slowed, but money is still within the market as investors took profit from large-caps that gained strongly last week to bet on smaller shares," Hoang added.Hanoi-based lender BIDV, Vietnam's second-largest bank by assets, led the gainers with a 1.35 percent advance, followed by ...
Petronas sets July crude price factor at $6.50/bbl SINGAPORE: State oil firm Petronas has set the price factor for Malaysian Crude Oil (MCO) for July at $6.50 per barrel, up $0.60 from the previous month, a source with direct knowledge of the matter said on Wednesday. Petronas introduced a new official selling price (OSP) for its crude based on a basket of Malaysian crude oil grades Labuan, Miri Light and Kikeh effective Jan. 1. Copyright Reuters, 2014 ...
Brent falls below $109 as Libya restarts oilfield SINGAPORE: Brent crude fell below $109 a barrel on Wednesday as Libya restarted an oilfield, on track to drop for an eighth session in what would be its longest losing streak in over four years. Easing worries over possible disruptions to supply from the conflict in Iraq also dragged on prices. August Brent crude had declined 12 cents to $108.82 a barrel by 0318 GMT, down nearly 6 percent from a nine-month high reached in ...
Oil prices down ahead of US stockpiles report SINGAPORE: Oil prices edged lower in Asia Wednesday as dealers await the latest US stockpiles report for clues about demand in the world's top crude consumer.US benchmark West Texas Intermediate for August delivery eased two cents to $103.38 while Brent crude was down 13 cents to $108.81 in mid-morning trade. "The official US stockpile numbers out later Wednesday will be scrutinised by investors who want a sense of US demand as the driving season heats ...
China shares fall on weakness in financial firms HONG KONG: China shares slipped by midday on Tuesday on weakness in financial firms, but pared losses after some property developers rebounded. Hong Kong shares also edged lower, with the Macau gaming sector extending losses as revenue remained sluggish during the first week of July. By midday, the Hang Seng Index dipped 0.1 percent to 23,509.77 points. The China Enterprises Index of the top Chinese listings in Hong Kong was flat. The CSI300 of the ...
Oil prices down on easing Middle East supply concerns SINGAPORE: Oil prices eased in Asia Tuesday as dealers await the resumption of disrupted Libyan crude exports, while ebbing fears about fighting in major producer Iraq also weighed, analysts said.US benchmark West Texas Intermediate for August delivery dipped 11 cents to $103.42 while Brent crude was down 19 cents at $110.05.Singapore's United Overseas Bank said prices remained under pressure as "fears of supply disruptions out of Libya and Iraq abated". Oil prices have tracked lower ...


Index Closing Chg%
Arrow DJIA 17,810.06 0.51
Arrow Nasdaq 4,712.97 0.24
Arrow S&P 2,063.50 0.52
Arrow FTSE 6,750.76 1.08
Arrow DAX 9,732.55 2.62
Arrow CAC-40 4,347.23 2.67
Arrow Nikkei 17,357.51 0.33
Arrow H.Seng 23,437.12 0.37
Arrow Sensex 28,334.63 0.95

Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln