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Oil hits five year low, hammering rouble LONDON: Oil prices hit five-year lows on Monday as slowing factory activity in China and Europe added to the impact of OPEC's decision to maintain supply, hammering resource-linked stocks and currencies.Russia's rouble was down 8 percent from Friday's Moscow close, though its losses were almost halved after what traders said may have been intervention by the central bank. The rouble remained on track for its steepest one-day fall since 1998, when a financial crisis led Russia to devalue the currency and default on its debt.The Malaysian ringgit, also oil-dependent, hit a record low and was set for its biggest two-day fall since the 1997-8 Asian financial crisis.Plunging prices for oil and other commodities raised fears of deflation, especially in the euro zone and Japan, and the prospect of looser monetary policy pushed the yen to a seven-year low against the dollar.The yen took another brief hit after Moody's Investors Service ...

Oil rises after hitting five-year low LONDON: Brent crude oil rose on Monday to above $71 a barrel, recovering from a five-year low it hit earlier as investors looked for a price floor after last week's OPEC decision not to cut production.U.S. crude and Brent have fallen for five months in a row, oil's longest losing streak since the 2008 financial crisis.Brent hit a low of $67.53 a barrel, the lowest since October 2009, before rising 85 cents to $71.00 a ...
UK gas prompt prices fall as supply outstrips demand LONDON: Prompt natural gas prices in Britain fell on Monday morning as higher flows from the UK Continental Shelf (UKCS) and the Netherlands contributed to an oversupplied system.Prices for within-day delivery were trading at 57.20 pence per therm at 0856 GMT, down 1.20 pence from their last settlement. Prices for delivery on Tuesday were down 0.55 pence at 57.35 pence per therm.With supply flows at about 283 million cubic metres (mcm) on Monday and demand ...
Oil hits five-year low in longest losing streak since 2008 LONDON: Brent crude oil fell more than $2 a barrel to a five-year low below $68 on Monday as investors looked for a price floor after last week's OPEC decision not to cut production.Both U.S. crude and Brent have fallen for five straight months, oil's longest losing streak since the 2008 financial crisis."The market is still very much in panic mode," said Energy Aspects' chief oil analyst Amrita Sen. "Once we get over the panic, ...
Oil hits five-year low, floor unsure LONDON: Brent crude oil fell on Monday to a five-year low below $68 on Monday before recovering some of the losses as investors looked for a price floor after last week's OPEC decision not to cut production.Both U.S. crude and Brent have fallen for five straight months, oil's longest losing streak since the 2008 financial crisis."The market is still very much in panic mode," said Energy Aspects' chief oil analyst Amrita Sen. "Once we get ...
Turkish markets rally, airlines surge, on oil price slide ISTANBUL: Turkish shares and bonds hit their highest levels since mid-2013 on Friday, with airlines surging in particular, after a slump in oil prices raised hopes of lower inflation and interest rate cuts. The two-year benchmark bond yield dropped to 7.49 percent, its lowest since July 2013, while the 10-year benchmark yield fell to 7.71 Istanbul's main share index ended the morning session up 0.93 percent at 85,479.04 points, having hit its highest level since ...
Oil steadies near 4-year low as glut looms after OPEC LONDON: Brent crude oil steadied below $73 a barrel on Friday after hitting a fresh four-year low in the wake of OPEC's decision not to cut output, a move investors said would leave oil markets heavily oversupplied. Saudi Arabia blocked calls on Thursday from poorer members of the Organization of the Petroleum Exporting Countries for output reductions, triggering a rout in oil markets."We are seeing continued oversupply," said Bill Hubard, chief economist at Markets.com. "I ...

 



 
Index Closing Chg%
Arrow DJIA 17,191.37 1.13
Arrow Nasdaq 4,638.00 0.93
Arrow S&P 2,002.16 1.35
Arrow FTSE 6,825.94 0.21
Arrow DAX 10,710.97 0.78
Arrow CAC-40 4,610.94 0.29
Arrow Nikkei 17,795.73 0.15
Arrow H.Seng 24,861.81 0.22
Arrow Sensex 29,559.18 0.04






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyNovember
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln