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European shares dip in choppy trade after Greek debt talks break down LONDON: Athens stocks fell in choppy trade on Tuesday to hinder European shares after debt talks between Greece and euro zone finance ministers broke down, putting the country's future in the euro zone at risk.The main Athens index fell as much as 4.7 percent following the open. It then recovered the lost ground only to drop once more, leaving it 2.5 percent down by 1100 GMT.After the market close on Monday, Greece rejected a proposal for a six-month extension of its international bailout package as "unacceptable", setting it at odds with its creditors.However, Greece said it was "cautiously optimistic" a deal would be found, and traders said that the market was pricing in the prospect of a last minute deal."I'm certain that a deal will be done. It's in no one's interests for Greece to leave the euro," said Joe Rundle, trader at ETX Capital.Greek banks dropped 9.3 percent early ...

Oil rises to $62, near 2015 high as Mideast risks support LONDON: Oil rose to $62 a barrel on Tuesday, close to its 2015 high, supported by threats to Middle East supplies and expectations lower prices may prompt a slowdown in US output. Egypt on Monday bombed Islamic State targets in Libya, where violence has reined in most oil output, and Iraq's semi-autonomous Kurdistan Regional Government threatened to withhold oil exports if Baghdad failed to send its share of the budget."The oil price is finding additional ...
Eni says has cut expat workers in Libya, production continues MILAN: Italy's Eni said on Tuesday it had reduced the number of expatriates working in Libya but was continuing to produce oil and gas in a regular way in the country. In a comment emailed to Reuters, an Eni spokesman said its expatriates and local workers in Libya were enough to guarantee normal production activities in the country. "The presence of Eni expatriates in Libya is reduced and limited to certain offshore facilities," the spokesman ...
Oil climbs on Kuwait comments LONDON: World oil prices rose Tuesday on upbeat comments from key producer Kuwait, while investors kept tabs on Greece's troubled debt talks with its creditors.Brent North Sea crude for April delivery rallied as high as $62.57 -- a level last seen on December 22, 2014. It later stood at $61.97 a barrel in London midday trade, up 57 cents from Monday's close.US benchmark West Texas Intermediate (WTI) for April delivery rose 33 cents to $53.11 ...
Oil rises on Libya violence, Kuwait sees prices supported LONDON: Oil rose to near $62 a barrel on Monday, supported by concerns over escalating conflict with Islamic State militants in Libya and predictions of lower supply in the second half of the year. Egypt bombed Islamic State targets inside Libya on Monday and Cairo renewed calls for a US-led coalition to confront militants there, a day after the group released a video appearing to show the beheading of 21 Egyptians. "The geopolitical risk is ...
Oil prices aim higher LONDON: World oil prices edged higher Monday on lingering optimism over falling US production.US benchmark West Texas Intermediate (WTI) for March delivery firmed three cents to $51.96 a barrel compared with Friday's close.Brent North Sea crude for April rose 54 cents $62.06 a barrel in London midday trade.Crude has been on a rollercoaster for the past two weeks after plunging about 60 percent to around $40 between June and late January due to concerns of ...
Norwegian oil exports plunge as crude crisis hits OSLO: Norway's oil exports have plunged by more than a half since early 2014, authorities said Monday as deeply depressed crude prices dragged down the wealthy country's trade surplus.The Nordic country exported 13.2 billion kroner ($1.74 billion, 1.53 billion euros) worth of oil in January, a drop of 55 percent from the same month in 2014, according to figures from Statistics Norway."You have to go back to November 2001 to find a month where the ...

 



 
Index Closing Chg%
Arrow DJIA 18,126.12 0.20
Arrow Nasdaq 5,097.98 0.17
Arrow S&P 2,120.79 0.13
Arrow FTSE 7,040.92 1.11
Arrow DAX 11,677.57 0.79
Arrow CAC-40 5,137.83 0.86
Arrow Nikkei 20,551.46 0.39
Arrow H.Seng 27,454.31 2.23
Arrow Sensex 27,506.71 0.21





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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 28, 2015
Reserves $17.494 bln