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Enel Green Power sees 2015 core earnings falling to 1.8bn euros MILAN: Italy's biggest renewable energy company Enel Green Power said it would spend 9.6 billion euros ($11 billion) over the next five years to grow its geographic footprint targeting mainly Brazil, Chile and Mexico. The company, controlled by utility Enel, expects its earnings before interest, tax, depreciation and amortisation (EBITDA) to fall to around 1.8 billion euros this year, from some 1.9 billion euros in 2014. EBITDA is expected to rise to around 2.1 billion euros in 2017, Enel Green Power said in a statement on Thursday after earlier it reported an 11.4 percent rise in first-quarter EBITDA to 536 million euros. Copyright Reuters, 2015 ...

Oil prices extend rally LONDON: Oil prices rallied on Tuesday as the market builds on strong recent gains following massive falls earlier in the year.US benchmark West Texas Intermediate for delivery in June won $2.06 to $60.99 a barrel.Brent North Sea crude for June advanced $1.69 to stand at $68.15 a barrel in late London deals."Crude oil has resumed its strong recovery since bottoming out in mid-March," said Fawad Razaqzada, analyst at Forex.com."The trigger behind today's rally was apparently ...
Oil hits 2015 highs above $67 as Libyan output slows LONDON: Oil prices jumped more than $1 a barrel on Tuesday, pushing North Sea Brent and U.S. light crude to 2015 highs, after protests stopped crude flows to the eastern Libyan oil port of Zueitina, hampering exports.Zueitina was one of the few Libyan ports still exporting oil as many others have closed due to fighting or disruptions at oilfields since the ousting of former dictator Muammar Gaddafi."The protesters closed the pipeline to the port," said ...
LNG tanker Excalibur to arrive at Rotterdam on May 6 LONDON: The Excalibur liquefied natural gas (LNG) tanker is expected to arrive at Rotterdam on May 6, according to the local port authority. The 135,000 cubic metre capacity vessel is listed as inbound for the Gate terminal according to the Port of Rotterdam website. Copyright Reuters, 2015 ...
Oil hits 2015 high above $67 as Libya output slows LONDON: Brent crude oil hit a high for the year above $67 a barrel on Tuesday after protests stopped crude flows to the eastern Libyan oil port of Zueitina, hampering exports. Zueitina was one of the few Libyan ports still exporting oil as many others have closed due to fighting or disruptions at oilfields since the ousting of former dictator Muammar Gaddafi. "The protesters closed the pipeline to the port," Mohamed El Harari, spokesman for ...
Russia's Gazprom: April gas exports up slightly y/y to 13.5 bcm MOSCOW: Gas exports from Russia's Gazprom to Europe and Turkey were at 13.5 billion cubic metres (bcm) in April, an official at Gazprom Export said on Tuesday, up from 12.78 bcm a year earlier. For the first four months of 2015, exports were at 47.85 bcm, the official added, compared to 55.8 bcm in the first four months of 2014. Copyright Reuters, 2015 ...
Oil hits 2015 high as traders look beyond ample current supply LONDON: Oil rose towards $67 a barrel on Monday to reach a 2015 high, supported by expectations the supply glut will ease and after weak Chinese factory activity reinforced views that stimulus measures would be rolled out. Activity at China's factories shrank at its fastest pace for a year as new orders fell in April, a private business survey showed on Monday, hardening the case for policy stimulus to boost the world's second biggest economy. ...

 



 
Index Closing Chg%
Arrow DJIA 18,232.02 0.29
Arrow Nasdaq 5,089.36 0.03
Arrow S&P 2,126.06 0.22
Arrow FTSE 7,031.72 0.05
Arrow DAX 11,815.01 0.42
Arrow CAC-40 5,142.89 0.07
Arrow Nikkei 20,264.41 0.30
Arrow H.Seng 27,992.83 1.70
Arrow Sensex 27,957.50 0.53





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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%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyMay 21, 2015
Reserves $17.75 bln