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BHP boosts iron ore output and lifts guidance SYDNEY: Global mining giant BHP Billiton raised its fiscal year iron ore production outlook for a second time this year on Wednesday after seeing a better-than-expected jump in output for January-March.The world's biggest mining company increased guidance for production the year to June to 217 tonnes, up from the 212 tonnes previously forecast. That comes despite concerns about the strength of the economy in China, the number one buyer of ore.It said production in January-March quarter rose 23 percent year on year to 49.6 million tonnes, adding that seasonal bad weather in Western Australia had "relatively limited impact" on performance.The news came a day after rival miner Rio Tinto blamed cyclonic activity for a drop in its January-March production and shipment of iron ore.BHP also increased its full-year coking coal guidance by 2.5 million tonnes to 43.5 million tonnes following record nine-month production of 33 million tonnes.It also said copper ...

BP partners New Zealand Refining, Z Energy to buy crude WELLINGTON: BP has formed a joint venture with New Zealand Refining Co Ltd and Z Energy to buy crude oil for New Zealand's only refinery to help defend their common market against fuel imports. BP and Z Energy are NZ Refining's two biggest customers for petroleum products. At present, the 110,000 barrels-per-day (bpd) refinery operates only when crude shipments arrive and has to change its settings to cope with different types of crude. The agreement ...
Shell sells Australia gas project stakes for $1.14bn LONDON: Royal Dutch Shell said on Monday it had agreed to sell stakes in a gas project in Western Australia for $1.14 billion as part of the oil company's drive to improve its return on investment.Shell said it is selling an 8 percent stake in the Wheatstone and nearby Iago gas fields as well as a 6.4 percent stake in the related Wheatstone liquefied natural gas (LNG) project to the Kuwait Foreign Petroleum Exploration Company ...
Shell, OMV, Mitsui to drill deepwater well in New Zealand WELLINGTON: Royal Dutch Shell, Austria's OMV and Japan's Mitsui will drill an exploration well off New Zealand's southeast coast, becoming the latest group to search for natural gas in the country's largely untapped deepwater basins. The Shell-led project would follow a programme by Anadarko Petroleum of the United States to drill two deepwater wildcat wells in New Zealand this year in a joint venture with Australia's Origin Energy Ltd.Anadarko has already started drilling its first ...
Australia shares finish above 5,000 points, but pare early gains SYDNEY: Australian shares ended 0.6 percent up on Monday, driven by financial and resource stocks as sentiment was buoyed by China's interest rate reform and a government election win in Japan, but losses in other Asian indices pared early gains.The S&P/ASX 200 index climbed 29.8 points to finish at 5,001.9 after hitting a two-month high earlier in the session. The benchmark fell 0.4 percent on Friday.New Zealand's benchmark NZX 50 index rose 0.3 percent or ...
Brent slips towards $105 after gains, supply worries stem losses SINGAPORE: Brent futures slipped back towards $105 a barrel on Tuesday as investors saw the recent surge in prices as an opportunity to book profits, with concerns of an escalation in tensions in the Middle East helping to stem losses.The benchmark hit its highest in nearly a month above $105 in the previous session as supply worries following Israeli air strikes on Syria trumped concern of weak global demand. Oil also drew support from a ...
Sri Lanka bourse at one month high on foreign buying COLOMBO: Sri Lankan stocks rose for a fifth straight session on Wednesday hitting a one-month high on foreign purchases of John Keells Holdings.Local investors remained on the sidelines as yields in T-bills rose for a third straight week.The main index ended 0.21 percent or 11.96 points higher at 5,734.82, its highest close since Feb. 19.Foreign investors were net buyers of 209.7 million rupees worth of shares, extending the year-to-date net foreign inflow to 4.19 billion ...

 



 
Index Closing Chg%
Arrow DJIA 16,501.65 0.08
Arrow Nasdaq 4,126.97 0.83
Arrow S&P 1,875.39 0.22
Arrow FTSE 6,674.74 0.11
Arrow DAX 9,544.19 0.58
Arrow CAC-40 4,451.08 0.74
Arrow Nikkei 14,546.27 1.09
Arrow H.Seng 22,509.64 0.97
Arrow Sensex 22,876.54 0.52





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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln