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Brent hits 1-month low near $108, weak US gasoline demand hurts SINGAPORE: Brent crude dropped to a one-month low near $108 a barrel on Thursday, extending its longest losing streak in four years, as weak gasoline demand in the United States offset a rise in oil imports by China.Investors were disappointed with data showing a rise in U.S. gasoline inventories last week, indicating demand was not as strong as expected during the peak summer driving season.Brent crude fell 27 cents to $108.01 a barrel by 0703 GMT, down for a ninth straight session and matching a similar losing run in May 2010. It hit a low of $107.99 earlier in the day, the weakest since June 5.U.S. crude was down for a tenth session at $101.79 a barrel, 50 cents below Wednesday's close. The front-month price is set to post its longest stretch of losses since July 1984.A steeper fall in West Texas Intermediate has widened its spread with Brent to ...

China June oil, copper, iron ore imports fall for 2nd month SHANGHAI: China's imports of crude oil, copper and iron ore fell for a second month in June as factors including unfavourable prices, economic uncertainties and tighter credit weighed on sentiment, but overall demand remained healthy.Arrivals of soybean and coal ticked up from month ago, although fresh orders of both have slowed to a trickle and imports are expected to fall from July onwards, traders said.Despite a slowing economy, China's import demand for commodities has generally ...
Oil prices down in Asia SINGAPORE: Oil prices fell in Asia Thursday following a mixed US supply report and easing concerns over tensions in the Middle East, analysts said.US benchmark West Texas Intermediate for August delivery declined 49 cents to $101.80 while Brent crude dipped 13 cents to $108.15 in afternoon trade."Oil tumbled as a rise in US gasoline inventories signalled weak demand, and a restart of a Libyan oilfield helped ease supply worries," Singapore's United Overseas Bank said in ...
Oil prices down in Asia SINGAPORE: Oil prices fell in Asia Thursday following a mixed US supply report and easing concerns over tensions in the Middle East, analysts said.US benchmark West Texas Intermediate for August delivery declined 31 cents to $101.98 while Brent crude dipped 11 cents to $108.17 in late-morning trade."Oil tumbled as a rise in US gasoline inventories signalled weak demand, and a restart of a Libyan oilfield helped ease supply worries," Singapore's United Overseas Bank said in ...
Brent-Dubai crude spread falls to eight-month low SINGAPORE: Brent's premium to Dubai crude fell to its lowest in eight months on Wednesday as the European benchmark traded lower on optimism over oil supply from Libya and Iraq.Brent-Dubai Exchange of Futures for Swaps (EFS) for August was valued at $3.10 a barrel, down 33 cents from Tuesday's close and the narrowest since November 8. Brent traded lower for an eighth consecutive session on Wednesday and was on track for its longest losing streak ...
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 ...
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 ...

 



 
Index Closing Chg%
Arrow DJIA 17,814.94 0.02
Arrow Nasdaq 4,758.25 0.07
Arrow S&P 2,067.03 0.12
Arrow FTSE 6,731.14 0.02
Arrow DAX 9,861.21 0.77
Arrow CAC-40 4,382.31 0.32
Arrow Nikkei 17,407.62 0.29
Arrow H.Seng 23,843.91 0.21
Arrow Sensex 28,338.05 0.57






Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln