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Oil extends gains as Fed keeps stimulus unchanged SINGAPORE: Oil prices rose in Asian trade Thursday after the US Federal Reserve's surprise decision to leave its aggressive stimulus programme unchanged.New York's main contract, West Texas Intermediate for October, added 62 cents to $108.69 a barrel in afternoon trade after surging $2.65 on Wednesday.Brent North Sea crude for delivery in November rose 30 cents to $110.90 a barrel, after climbing $2.41 the day before.Markets had expected the US central bank's policy setting Federal Open Market Committee (FOMC) to scale down its $85 billion a month bond-buying spree.But the FOMC said that although the economy appears to be holding up amid government spending cuts, it "decided to await more evidence that progress will be sustained" before deciding to scale down the stimulus package."Oil is booming," said Victor Shum, managing director at IHS Purvin and Gertz energy consultancy in Singapore."The Fed has decided to continue its monetary stimulus programme, so that ...

Brent rises near $111 after Fed keeps stimulus SINGAPORE: Brent crude rose toward $111 a barrel on Thursday, extending gains for a second day after the United States kept its monetary stimulus programme intact, boosting global equities and commodity prices.Brent and US oil gained the most in three weeks in the previous session as the US Federal Reserve's decision to delay the wind down of its massive monetary stimulus took investors by surprise, weakening the dollar and boosting demand for risky assets. Dollar-denominated ...
Oil extends gains as Fed keeps stimulus unchanged SINGAPORE: World oil prices rose in Asian trade Thursday after the US Federal Reserve kept its huge monetary stimulus programme for the US economy intact.New York's main contract, West Texas Intermediate for October, added 52 cents to $108.59 a barrel in mid-morning trade after surging $2.65 on Wednesday.Brent North Sea crude for delivery in November rose 27 cents to $110.87 a barrel, after climbing $2.41 the day before.Markets had expected the US central bank's policy ...
Oil prices mixed ahead of Fed announcement SINGAPORE: World oil prices were mixed in Asian trade Wednesday as investors await the end of the US Federal Reserve's closely watched policy meeting to find out its plans for its stimulus programme.New York's main contract, West Texas Intermediate for delivery in October was up 18 cents at $105.60 in morning trade, while Brent North Sea crude for November fell 36 cents to $107.83.With the threat of military action in Syria receding, attention has turned ...
Oil extends losses as Syria strike fears recede SINGAPORE: Oil prices fell further in Asian trade Tuesday on receding fears of a disruption in Middle East supply after a US-Russia deal to avert a Western military strike on Syria, analysts said. New York's main contract, West Texas Intermediate (WTI) for delivery in October eased 83 cents to $105.76 in afternoon trade, while Brent North Sea crude for November declined 47 cents to $109.60."Crude oil prices fell after a Russia-United States agreement was established ...
Brent slips below $110 as Syria tension eases, Fed eyed SINGAPORE: Brent crude oil futures edged lower on Tuesday, adding to steep losses in the prior session, after a diplomatic resolution to the Syrian crisis calmed worries that crude supply from the Middle East would be at risk.The more modest drop suggests tensions have not completely faded after the United States, Britain and France warned Syria's President Bashar al-Assad that there would be consequences if he failed to hand over the country's chemical weapons."The risk ...
China Sinopec gets Q4 diesel export quota of more than 1mn tonnes SINGAPORE: Top China refiner Sinopec Corp has received quota from the government to export more than 1 million tonnes of diesel in the fourth quarter of the year, industry sources said on Monday.China controls diesel exports through quotas to a few state-run traders after sizing up domestic needs. Beijing has approved fourth-quarter export quotas for Sinopec, a source close to the matter said.The source said the volumes approved are more than 1 million tonnes for ...

 



 
Index Closing Chg%
Arrow DJIA 16,677.90 1.32
Arrow Nasdaq 4,452.79 1.60
Arrow S&P 1,950.82 1.23
Arrow FTSE 6,419.15 0.30
Arrow DAX 9,047.31 1.20
Arrow CAC-40 4,157.68 1.28
Arrow Nikkei 15,138.96 0.37
Arrow H.Seng 23,333.18 0.30
Arrow Sensex 26,851.05 0.24





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 23, 2014
Reserves $13.465 bln