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Oil prices rebound in Asia SINGAPORE: Oil prices rebounded in Asia Tuesday on bargain-hunting after tumbling on easing concerns about conflicts in Ukraine and Iraq, analysts said. US benchmark West Texas Intermediate (WTI) for September delivery rose 38 cents to $96.79, while Brent crude for October was up 23 cents to $101.83 in afternoon trade.WTI fell 94 cents in New York trade Monday, while Brent sank $1.93 in London to hit its lowest level since June 2013. "We are seeing a continued trend in the past few days of gains in Asia-Pacific trading after overnight falls," Michael McCarthy, chief market strategist at CMC Markets in Sydney, told AFP. "Oil prices generally are continuing to fall with the dying down of geopolitical tensions in Ukraine and Iraq," McCarthy said. A declaration by Ukraine last week that it had destroyed some Russian armoured cars had sparked fears that the simmering tensions between the neighbours could escalate into ...

Oil prices rebound in Asia SINGAPORE: Oil prices rebounded in Asia Tuesday on bargain-hunting after tumbling on easing concerns about conflicts in Ukraine and Iraq, analysts said. US benchmark West Texas Intermediate (WTI) for September delivery rose 38 cents to $96.79 while Brent crude for October was up 22 cents to $101.82 in late-morning trade.WTI fell 94 cents in New York trade Monday, while Brent sank $1.93 in London to hit its lowest level since June 2013. "We are seeing ...
Brent falls below $103/barrel on easing geopolitical risks SINGAPORE/LONDON: Brent crude fell more than $1 to trade below $102.5 a barrel on Monday, as the threat of wider conflict in Ukraine diminished, oil output increased in Libya and worries eased over supply from key producer Iraq.The drop followed a spike in benchmark prices on both sides of the Atlantic on Friday when fighting in east Ukraine intensified.In what may be a breakthrough in Ukraine's campaign against pro-Moscow separatists, government forces raised their national ...
South Korea running out of spent nuclear fuel storage space SEOUL: South Korea needs to quickly find additional space where it can store its spent nuclear fuel because some of its temporary storage capacity will be full by 2016, an independent body that advises the government on nuclear issues said on Monday. The country has 23 nuclear reactors supplying about a third of its power. Seoul has been under pressure to cut its reliance on nuclear power since late 2012 when safety scandals led to ...
Asia Naphtha: Kuwait sells prompt cargo; premium slumps SINGAPORE: Kuwait Petroleum Corp (KPC) has sold a prompt naphtha cargo to Vitol at about $6 a tonne above Middle East quotes on a free-on-board (FOB) basis, the lowest premium the Middle East refiner received this year, traders said on Monday. KPC sold the 25,000-tonne full-range naphtha cargo last Friday for Aug. 27-28 loading to the European trading house. KPC had previously sold 50,000 tonnes of full-range naphtha for Sept. 20-30 loading at a premium ...
Shangai stock index hits 8-month high despite worries over economy SHANGHAI: China's stock indexes rose on Monday, with the Shanghai Composite Index touching its highest in eight months despite concerns about the health of the economy. Both the CSI300 index of leading Shanghai and Shenzhen A-share listings and the Shanghai Composite rose 0.6 percent, to 2,374.6 and 2,239.5, points respectively. It was the highest close for the SSEC since December 2013. Media-related companies posted big gains in both Shanghai and Shenzhen on Monday, though the ...
Oil prices down in Asian trade SINGAPORE: Oil prices eased in Asian trade Monday, but retained support from the latest round of tensions between Ukraine and Russia which sparked concerns of a full-scale military conflict, analysts said.US benchmark West Texas Intermediate for September delivery was down 62 cents at $96.73 while Brent crude for October fell 92 cents to $102.61 in afternoon trade.Desmond Chua, market analyst at CMC Markets in Singapore said oil prices were supported by news on Friday that ...

 



 
Index Closing Chg%
Arrow DJIA 17,778.15 2.43
Arrow Nasdaq 4,748.40 2.24
Arrow S&P 2,061.23 2.40
Arrow FTSE 6,466.00 2.04
Arrow DAX 9,811.06 2.79
Arrow CAC-40 4,249.49 3.35
Arrow Nikkei 17,210.05 2.32
Arrow H.Seng 22,832.21 1.09
Arrow Sensex 27,126.57 1.56






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyOctober
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln