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Brent oil to fall to $76.02 SINGAPORE: Brent oil may break support at $77.34 per barrel and fall more to the next support at $76.02, driven by a wave c.This is the third of a three-wave cycle that developed from the Oct. 29 high of $87.94. It is capable of travelling to $70.43, its 100 percent Fibonacci projection level.The projection analysis reveals an immediate support at $77.34, the 38.2 percent level, which looks vulnerable in view of the fierce character of wave c.Resistance is at $78.97, the 23.6 percent level, a break above which will lead to a further gain to $79.98, the 14.6 percent level.No information in this analysis should be considered as being business, financial or legal advice. Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses. Copyright Reuters, 2014 ...

Vietnam's Nov crude oil output rises 11.2pc y/y HANOI: Vietnam's crude oil production in November is estimated at 1.43 million tonnes, or 349,000 barrels per day, up 11.2 percent from a year earlier, the government said on Thursday.The output this month brought Vietnam's production in the first 11 months of 2014 to 14.1 million tonnes, up 1.7 percent from the same period last year, the General Statistics Office said in its monthly report.The actual output in October was revised higher to 1.37 million ...
Oil prices fall to 4-year lows as OPEC production cut looks unlikely SINGAPORE: Oil prices fell to four-year lows on Thursday as it appeared unlikely producer club OPEC would decide to cut output in support of prices at a meeting this week, and as increasing Chinese and US stocks boosted available supplies. The Gulf producers within the Organization of the Petroleum Exporting Countries (OPEC) - Saudi Arabia, Kuwait, Qatar and the United Arab Emirates - said on Wednesday that they will not propose an output cut during ...
Oil extends losses ahead of key OPEC meeting SINGAPORE: Oil prices retreated further in Asia Thursday on expectations the OPEC cartel will keep production at present levels despite pressure over falling prices at a key meeting later in the day, analysts said.US benchmark West Texas Intermediate (WTI) for January delivery fell 55 cents to $73.14 while Brent crude for January was down 47 cents to $77.28 in mid-morning trade.WTI fell 40 cents in New York late Wednesday to its lowest closing point since ...
Sri Lankan stocks fall to 5-wk closing low on political woes COLOMBO: Sri Lankan stocks fell to a five-week closing low on Wednesday on concern over political stability ahead of the Jan. 8 presidential polls as a legislator from President Mahinda Rajapaksa's ruling party defected to join the main opposition United National Party. Eight loyalists from Rajapaksa's United People's Freedom Alliance, including Health Minister Mithripala Sirisena, have defected since Rajapaksa called for the snap poll last week. Sirisena resigned to contest against Rajapaksa as the candidate ...
Brent steadies around $78.40 ahead of OPEC meeting SINGAPORE: Brent crude steadied around $78.40 a barrel on Wednesday ahead of talks by producer group OPEC, but prices fell earlier in the session as Asia's top four economies showed signs of weakness.The European benchmark was at $78.43 a barrel at 0717 GMT, off a low of $78 hit earlier in the day, while US crude was at $74.13 a barrel, up from a low of $73.64.Traders said talks of a potential output cut ahead ...
Oil prices mixed ahead of OPEC meeting SINGAPORE: Oil prices were mixed in Asia Wednesday as speculation swirls that the OPEC oil cartel will maintain output at this week's closely watched meeting despite a global supply glut. US benchmark West Texas Intermediate (WTI) for January delivery fell two cents to $74.07 while Brent crude for January rose nine cents to $78.42 in afternoon trade. WTI dived $1.69 Tuesday while Brent closed down $1.35.Crude prices have sunk 30 percent to four-year lows since ...

 



 
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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