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Oil market pressured by strong dollar LONDON: Oil prices slid on Friday, pressured once again by a stronger dollar, as dealers speculated over whether the Federal Reserve will lift interest rates sooner rather than later, analysts said.In midday London trading, Brent North Sea crude for delivery in December shed 90 cents to $85.37 a barrel.US benchmark West Texas Intermediate for December fell 90 cents to $80.22 a barrel compared with Thursday's closing value.Singapore's United Overseas Bank said crude prices faced downward pressure "as expectations that US interest rates may rise sooner than previously thought pushed the dollar to its highest in more than three weeks".On Thursday, the US Commerce Department said the US economy, the world's biggest, grew at an annualised 3.5 percent in July-September owing to stronger exports and defence spending. The figure exceeded expectations for a 3.0 percent rise. The reading, coupled with upbeat comments about the jobs market from the Fed on Wednesday, ...

British prices fall on Ukraine-Russia deal LONDON: British wholesale gas prices for the rest of this year fell on Friday after Ukraine and Russia signed a deal that will see Moscow resume gas supplies to Kiev this winter, while warm UK weather and high storage levels added to the bearish tone. Russia is Europe's biggest supplier of gas and provides around a third of the continent's needs, pumping roughly half of that via Ukraine. Some of this reaches Britain from continental ...
Oil falls towards $85 on strong dollar, oversupply LONDON: Brent crude oil fell more than a dollar towards $85 a barrel on Friday as a firmer dollar and a well supplied oil market pushed the benchmark towards its steepest monthly decline since 2012. The US dollar rose to a three-week high on Thursday, after data showed the US economy grew 3.5 percent in the third quarter, topping market estimates for a 3 percent rise. A strong dollar makes commodities such as oil more ...
Enel still sees binding offers for Slovakia assets by end-Nov MILAN: The head of Italian utility Enel , Francesco Starace, said on Thursday the group still expected binding offers for the assets it intends to sell in Slovakia by the end of November. Enel, Europe's most indebted utility, plans to sell more than 4 billion euros ($5 billion) in assets by the end of 2014 to reduce its debt. Enel is seeking to sell assets in Romania and binding offers for these assets are also ...
Prices dip on low consumption, traders eye Ukraine outcome LONDON: Prompt natural gas prices in Britain dipped on Thursday morning on lower consumption forecasts and as flows returned after outages, while prices further out were down ahead of the outcome of Ukraine gas talks. Prices for delivery on Friday were 1.25 pence lower at 51.35 pence per therm at 0841 GMT, while prices for immediate delivery were down 1.40 pence at 52.10 pence. Traders said they were expecting lower consumption of gas on Friday ...
UK gas prices dip on low consumption, traders eye Ukraine outcome LONDON: Prompt natural gas prices in Britain dipped on Thursday morning on lower consumption forecasts and as flows returned after outages, while prices further out were down ahead of the outcome of Ukraine gas talks.Prices for delivery on Friday were 1.25 pence lower at 51.35 pence per therm at 0841 GMT, while prices for immediate delivery were down 1.40 pence at 52.10 pence.Traders said they were expecting lower consumption of gas on Friday and over ...
Oil drops below $87 as Fed optimism lifts dollar LONDON: Brent crude oil fell below $87 a barrel on Thursday, pressured by a stronger dollar after the Federal Reserve painted a brighter outlook for the US economy.The US central bank on Wednesday ended its monthly bond purchase programme, showing confidence in the prospects for the US economy. While that boosts the outlook for demand from the world's top oil user, the dollar is gaining as expectations rise that the Fed could lift interest rates ...

 



 
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Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln