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China CNPC to complete key Myanmar oil storage facility BEIJING: Top state energy group China National Petroleum Company has completed six oil storage tanks on an island off western Myanmar from which two pipelines will carry fuel to China, and will soon finish six more, an industry official said on Tuesday.The crucial strategic link will allow China to bypass the Malacca Strait, one of the world busiest shipping lanes, and ship in oil from the Middle East and Africa via the Indian Ocean and a port on Maday Island, off the coast of Myanmar.The island, just 10 sq km in area with almost no infrastructure, is the origin point for both a crude oil pipeline planned to carry 440,000 barrels per day and a natural gas pipeline intended to ship 12 billion cu. m. annually to China's land-locked southwestern province of Yunnan.The oil pipeline is set to begin operation in 2014 and the gas pipeline was originally due to ...

Brent steadies below $103 as demand outlook dims CHENNAI: Brent crude held below $103 per barrel on Tuesday amid worries about the global economy and ample supply, while some traders said the onset of the summer driving season in top oil consumer the United States may support prices.A contraction in Chinese factory activity and a buildup in US gasoline inventories have been dragging on oil prices, with analysts saying Brent could drop further."Oil demand from China could be depressed as China's PMI contracted ...
Taiwan stocks drop, weighed by chip makers TAIPEI: Taiwan stocks ended 0.21 percent lower on Tuesday as investors took profit from chip makers, with TSMC shedding 2.2 percent.The main TAIEX index slipped 17.05 points to 8,263.05, after opening up 0.1 percent.Electronics shares retreated 0.4 percent, while banks eased 0.2 percent. These two sectors are the most heavily weighted.The Taiwan dollar climbed by T$0.067 to stand at T$29.904 against the US dollar. Copyright Reuters, 2013 ...
Oil down in Asia on weak Chinese data SINGAPORE: Oil prices were down in Asia on Tuesday as weak Chinese manufacturing data raised concerns about energy demand in the world's second largest economy, analysts said.New York's main contract, light sweet crude for delivery in July, dropped 58 cents to $93.57 a barrel in the afternoon and Brent North Sea crude for July delivery shed 11 cents to $102.51."Weak China manufacturing data showing the first contraction in seven months is weighing on oil prices," ...
Coal India Q4 net profit up 35 percent, beats estimates MUMBAI: Coal India, the world's largest coal producer, posted a 35 percent rise in its fourth-quarter profit, beating market expectations, helped by strong sales and lower-than-expected costs.The state-run miner said its January-March net profit rose to 54.14 billion rupees ($974 million) from 40.13 billion rupees a year earlier. Net sales rose 2.5 percent to 199.05 billion rupees.On an average, analysts had forecast a net profit of 49.97 billion rupees, according to Thomson Reuters Starmine data. ...
Brent drops towards $102, weak demand view hurts CHENNAI: Brent crude slipped towards $102 per barrel on Monday, extending last week's 2 percent drop, as a weak economic outlook in a well-supplied market pressured prices.The outlook for global oil demand growth weakened last week after disappointing data from key consumer China and reports showing ample US inventory, which dragged down Brent from this month's high near $106 per barrel."The markets are in a bit of a moderation mode at the moment, and we're ...
Oil prices set for biggest weekly loss in five SINGAPORE: Crude futures are set to post their biggest weekly loss in five weeks, with Brent edging down toward $102 per barrel on Friday, as ample supply and a slow global economic recovery fuelled worries that demand for oil would be hit.Crude inventories in the United States are near record levels as the world's top oil consumer produced more from shale, while shrinking factory activity in China capped fuel demand growth at the world's No.2 ...


Index Closing Chg%
Arrow DJIA 17,131.97 0.59
Arrow Nasdaq 4,552.76 0.75
Arrow S&P 1,998.98 0.75
Arrow FTSE 6,792.24 0.18
Arrow DAX 9,632.93 0.28
Arrow CAC-40 4,409.15 0.44
Arrow Nikkei 15,911.53 0.23
Arrow H.Seng 24,136.01 0.91
Arrow Sensex 26,492.51 1.21

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 15, 2014
Reserves $13.414 bln