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Brent holds above $113, but set for biggest weekly drop since March SINGAPORE: Brent crude steadied above $113 a barrel on Friday, holding on to most of previous session's losses and heading for the biggest weekly loss since March as investors unwound positions on reduced concerns over exports from strife-torn Iraq. Prices have dropped about $2.50 from a nine-month high of $115.71 hit on June 19 as output from Iraq's southern oilfields - which produce most of the nation's 3.3 million barrels per day - remained unaffected by fighting in the north and west. "The risks can't be dismissed, but the fact time has gone by suggests investors are getting nervous about the risk premium (built into Brent)," said Ric Spooner, chief markets analyst at Sydney's CMC Markets. "We might start to see some unwinding of investors' positions if Baghdad holds steady." Brent was unchanged at $113.21 a barrel by 0525 GMT after falling 79 cents in the previous session. Brent is ...

Oil prices ease in Asian trade SINGAPORE: Oil prices edged lower in Asia Friday following lacklustre US economic data that has fuelled bearish sentiment about demand in the world's top crude consumer.US benchmark West Texas Intermediate for August delivery was down four cents to $105.80, while Brent crude eased two cents to $113.19 in late morning trade.The US Commerce Department said Thursday that consumer spending rose a mere 0.2 percent in May after flattening in April, raising questions about economic recovery ...
Brent drops below $114 as worries ease over Iraq supply SINGAPORE: Brent crude dropped under $114 a barrel on Thursday as most of Iraq's oil output remained unaffected by the militant insurgency in the country, although worries over the conflict kept a floor under prices. Iraq's southern oilfields, which produce the majority of the nation's 3.3 million barrels a day, remained safe, said Nickolay Mladenov, United Nations special envoy to Iraq. But insurgents and Iraq government forces continued to fight on Wednesday for control of ...
Oil prices mixed in Asian trade SINGAPORE: Oil prices were mixed in Asia Thursday ahead of the release of fresh US economic data, while investors are optimistic following a report that Washington is to lift a decades-old crude export ban.US benchmark West Texas Intermediate rose 18 cents to $106.68 while Brent eased eight cents to $113.92 in afternoon trade. Analysts said prices were tracking gains in equity markets following a positive lead from Wall Street, despite data on Wednesday showing the ...
Brent drops below $114 as worries ease over Iraq supply threat SINGAPORE: Brent crude fell below $114 a barrel on Thursday as most of Iraq's oil output remained unaffected by the militant insurgency in the country, although worries over the conflict kept a floor under prices. Iraq's southern oilfields, which produce the majority of the country's 3.3 million barrels a day, remained safe, said Nickolay Mladenov, United Nations special envoy to Iraq. But insurgents and Iraq government forces continued to fight on Wednesday for control of ...
Asia Naphtha: India BPCL's sales premium drops at least 35pc SINGAPORE: India's Bharat Petroleum Corp Ltd has sold a July naphtha cargo from Mumbai to oil major Shell at about $26 a tonne above Middle East quotes on a free-on-board (FOB) basis, traders said on Thursday.This reflected a 35 to 37 percent drop in sales premium for BPCL as it had previously sold a cargo for June 21-23 loading from the same port to PetroChina at $40 to $41 a tonne to Middle East quotes ...
China shares higher in morning trade SHANGHAI: Chinese stocks were higher in morning trade Thursday, in line with rises in US stocks overnight, dealers said.The benchmark Shanghai Composite Index rose 0.19 percent, or 3.88 points, to 2,029.38.The Shenzhen Composite Index, which tracks stocks on China's second exchange, gained 0.29 percent, or 3.12 points, to 1,067.35.Copyright AFP (Agence France-Presse), 2014 ...

 



 
Index Closing Chg%
Arrow DJIA 18,162.99 0.67
Arrow Nasdaq 5,106.59 1.47
Arrow S&P 2,123.48 0.92
Arrow FTSE 7,033.33 1.21
Arrow DAX 11,771.13 1.26
Arrow CAC-40 5,182.53 1.95
Arrow Nikkei 20,472.58 0.17
Arrow H.Seng 28,081.21 0.60
Arrow Sensex 27,564.66 0.12





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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyApril
Trade Balance $-1.795 bln
Exports $1.995 bln
Imports $3.790 bln
WeeklyMay 26, 2015
Reserves $17.749 bln