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China's July Iran crude oil imports up 3pc BEIJING: China's July crude oil imports from Iran rose 3.0 percent from a year earlier to 2.44 million tonnes, or 575,700 barrels per day (bpd), customs data showed on Friday.On a daily basis, July imports fell 14.3 percent from 671,800 bpd in June.Copyright Reuters, 2015 ...

China July coal imports from Australia inch up on year BEIJING: China's imports of thermal coal from its biggest supplier Australia hit 8.17 million tonnes in July, up 0.6 percent on a year earlier, customs data showed on Friday, with Australia benefiting from import declines from higher-cost rivals.Total imports from Australia over the first seven months of the year reached 42.27 million tonnes, still down 21.4 percent on the year, the General Administration of Customs said. The number excludes lower-grade lignite.The July volume was up ...
Oil heads for eighth straight week of falls SINGAPORE: Oil headed for its eighth straight weekly decline in Asia Friday, as sharp falls in equities added to worries lacklustre global economic growth will hurt energy demand in an oversupplied market.US benchmark West Texas Intermediate (WTI) for October delivery, a new contract, lost 49 cents to $40.83 a barrel in late-morning trade, while Brent crude for October tumbled 56 cents to $46.06 a barrel.The WTI September contract closed 34 cents higher at $41.14 in ...
Asia-Pacific Crude-Sokol supported by Chinese demand SINGAPORE: The Asia-Pacific crude market remained under pressure from ample supply, although slightly higher refinery margins and limited arbitrage inflows provided some support.Chinaoil, the trading arm of PetroChina, bought two October-loading Sokol cargoes, traders said. One was purchased from Itochu at $2.80 a barrel and one from ONGC in a tender, they said. The price for the latter cargo was unclear.Traders were awaiting the result of a tender by Malaysia's Petronas to sell a cargo ...
Oil prices fall ahead of US stocks data SINGAPORE: Oil prices fell in Asia Wednesday, giving up meagre gains in the previous session as investors await a US inventory report to gauge demand in the world's top economy. US benchmark West Texas Intermediate for September delivery fell 17 cents to $42.45 a barrel and Brent crude for October dipped 23 cents to $48.58 a barrel in late-morning Asian trade.Both contracts eked out modest rebounds in closing deals in New York on Tuesday.But analysts ...
Brent oil's target at $47.71 remains intact SINGAPORE: A bearish target at $47.71 per barrel remains unchanged for Brent oil, as indicated by a Fibonacci projection analysis and a triangle.The contract is still riding on a wave C, which is the third leg of a trend that developed from the May 6 high of $69.63. This wave has traveled below a support at $48.98, the 200 percent level, and the next support will be at $47.71, the 214.6 percent level.The triangle forming ...
Oil prices slide further in Asia SINGAPORE: Oil prices slipped further in Asia Tuesday, weighed down by a strengthening dollar as concerns about weakening demand in China added to expectations a global oversupply will last for years. US benchmark West Texas Intermediate for September delivery was down seven cents to $41.80 in late-morning trade. WTI has lost more than 30 percent in the past two months, bringing it to the lowest level since March 2009.Brent crude for October gave up 13 ...


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