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Oil prices fall on slowing global economic growth outlook SINGAPORE: Oil prices dropped on Monday despite a fall in U.S. drilling activity for the fourth straight week, with analysts pointing to a poor economic growth outlook as the main reason for low crude prices.China's August industrial profits dropped 8.8 percent from the same month last year, and January to August industry profits were down 1.9 percent."The growth problem endures. Asia isn't about to bounce," said Frederic Neumann, co-head of Asia Economics Research at HSBC in Hong Kong on Monday in a note to clients.The International Monetary Fund (IMF) is likely to revise downwards its global economic growth outlook due to weakness in emerging markets.Brent crude futures were at $48.13 per barrel at 0633 GMT, down 47 cents. U.S. crude was 44 cents lower at $45.26 a barrel. Crude futures are now down more than 10 percent since the end of August.Monday's price falls came despite an ongoing reduction in ...

Brent oil targets $59.96 in three months SINGAPORE: Brent oil may break a resistance at $53.20 per barrel, and rise more towards the next resistance at $59.96 over the next quarter, following the completion of a five-wave cycle.The cycle started at the Aug. 28, 2013 high of $117.34 and ended at the Aug. 24, 2015 low of $42.23. A Fibonacci retracement analysis on the cycle reveals a target at $70.92, the 38.2 percent level, which is close to the peak of the ...
Oil prices mixed in Asia after Fed holds interest rates SINGAPORE: Oil prices were mixed in cautious Asian trade Friday after the Federal Reserve kept its benchmark interest rate at zero but warned about weaknesses in the global economy.News that the US central bank would keep borrowing costs at zero was broadly welcomed across Asia, with most stock markets up, as it eased concerns about a feared flight of capital from the region's struggling economies.It also weakened the greenback, making dollar-priced oil less expensive for ...
Oil rally loses steam in Asia ahead of Fed decision SINGAPORE: Oil prices eased in Asia Thursday, a day after surging on news of a sharp decline in US crude stockpiles, while investors are also treading carefully ahead of a US Federal Reserve interest rate decision later in the day.US benchmark West Texas Intermediate (WTI) for delivery in October dipped 14 cents to $47.01 a barrel and Brent crude for November edged down four cents to $49.71.On Wednesday WTI surged almost six percent and Brent ...
Petronas drops Sept crude price factor to $3.30/bbl SINGAPORE: State oil firm Petronas has set the price factor for Malaysian Crude Oil (MCO) for September at $3.30 per barrel, down $0.60 from the previous month, a source with direct knowledge of the matter said on Tuesday. 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 January 2014. Copyright Reuters, 2015 ...
Oil prices mixed in Asia SINGAPORE: Oil was mixed in Asia onTuesday as prices remain hobbled by weak demand and excess supplies.US benchmark West Texas Intermediate for delivery in October climbed 22 cents to $44.22, while Brent crude for October dipped six cents to $46.31 in late-morning trade, reversing earlier gains.Expectations that US crude oil inventories expanded for a third week and news that the OPEC cartel has slashed its demand growth forecast for next year are keeping a lid ...
Oil prices down ahead of US energy report SINGAPORE: Oil prices eased in Asia on Thursday as dealers focused on an upcoming US energy report for clues about production and demand in the world's top crude consumer amid abundant global supplies.US benchmark West Texas Intermediate for October delivery fell 13 cents to $44.02 while Brent crude for October dropped 32 cents to $47.26 in afternoon trade."We have seen US production levels slowing in recent weeks, and those figures will next be in focus ...


Index Closing Chg%
Arrow DJIA 17,131.86 0.28
Arrow Nasdaq 4,838.65 0.17
Arrow S&P 2,017.46 0.13
Arrow FTSE 6,371.18 0.70
Arrow DAX 10,119.83 0.23
Arrow CAC-40 4,688.70 0.27
Arrow Nikkei 18,438.67 1.67
Arrow H.Seng 22,730.93 1.21
Arrow Sensex 26,904.11 0.65

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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 $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 08, 2015
Reserves $20.05 bln