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Brent steady above $61 as companies cut upstream investments SINGAPORE: Brent crude held steady above $61 a barrel on Thursday, bringing a sharp drop in prices to a temporary halt as companies are forced to cut upstream investments around the world.Chevron Corp has put a plan to drill for oil in the Beaufort Sea in Canada's Arctic on indefinite hold, while Marathon Oil cut its capital expenditure for next year by about 20 percent.Canadian oil producers also deepened cuts in 2015 spending, as Husky Energy, MEG Energy and Penn West Petroleum joined those hacking back capital budgets in response to tumbling crude prices.Brent this week dipped to its lowest since May 2009 at $58.50 a barrel, falling close to 50 percent since late June on rising production in the United States, weak economic growth and a decision by OPEC members last month not to cut output."It looks like investors favour support around $60 a barrel," said Daniel Ang, an ...

Hong Kong shares snap 5 days of losses, US outlook supports HONG KONG: Hong Kong shares finished up on Thursday, snapping five consecutive days of losses, underpinned by a rally on Wall Street.Analysts said the Federal Reserve's confidence in the U.S. economy and pledge to adopt a "patient" approach to raising interest rates helped Hong Kong shares rebound.The Hang Seng index rose 1.1 percent, to 22,832.21 points, while the China Enterprises Index gained 0.5 percent, to 11,330.73 points.Among the most actively traded stocks on Hong Kong's ...
Vietnam index climbs 2pc; energy outperforms HANOI: Vietnam's benchmark VN Index rose 1.97 percent on Thursday, recovering from a seven-month closing low hit in the previous session, as most shares rebounded, led by oil and gas firms.PetroVietNam Gas, Vietnam's biggest firm by market value, rallied 6.45 percent from a 17-month low, while Petrovietnam Drilling & Well Services Corp surged 6.36 percent.OPEC's decision not to reduce output to support tumbling oil prices has taken a toll on both stocks, which have shed ...
SE Asia stocks rise after US Fed adopts ‘patient’ approach to rate hike JAKARTA: Southeast Asian stock markets rose on Thursday as investor concerns about an earlier-than-expected rate hike eased after the US Federal Reserve said it would adopt a "patient" approach.The US Fed on Wednesday offered a strong signal that it was on track to raise interest rates sometime next year, altering a pledge to keep rates near zero for a "considerable time" in a show of confidence in the economy.Jakarta's Trimegah Securities said investors responded positively ...
Hong Kong shares end 1.09pc higher, Hang Seng Index added 246.37 points HONG KONG: Hong Kong stocks rose 1.09 percent Thursday, boosted by bargain-buying and a rally on Wall Street after the US Federal Reserve indicated interest rates would likely not be hiked until mid-2015.The benchmark Hang Seng Index added 246.37 points to 22,832.21 on turnover of HK$99.64 billion (US$12.85 billion), breaking a five-day losing streak.After a two-day meeting the Fed's policy committee said it "judges that it can be patient in beginning to normalise the stance ...
Tokyo stocks close 2.32pc higher, Nikkei 225 index at the TSE ended up 390.32 points TOKYO: Tokyo stocks jumped 2.32 percent on Thursday, boosted by a rally on Wall Street and a weaker yen after the US Federal Reserve indicated it would hike interest rates by mid-2015.The Nikkei 225 index at the Tokyo Stock Exchange ended up 390.32 points at 17,210.05, while the Topix index of all first-section shares climbed 1.80 percent, or 24.31 points, to 1,376.32."The Fed pretty much said what markets most wanted to hear -- no rate ...
Asian markets gain as Fed promises patience HONG KONG: Asian markets mostly rallied Thursday, with investors reversing a recent sell-off spurred by a Wall Street recovery and indications the Federal Reserve will keep rates on hold until mid-2015.The dollar was boosted by comments from US central bank policymakers, which analysts said suggested they have changed tack and will not start to lift rates from record lows until the first six months of next year.Tokyo climbed 2.32 percent, or 390.32 points, to 17,210.05 ...


ArrowDJIA 17,356.87 1.69
ArrowNasdaq 4,644.31 2.12
ArrowS&P 2,012.89 2.04
ArrowFTSE 6,336.48 0.07
ArrowDAX 9,544.43 0.20
ArrowCAC-40 4,111.91 0.46
ArrowNikkei 16,819.73 0.38
ArrowH.Seng 22,585.84 0.37
ArrowSensex 26,710.13 0.27

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 15, 2014
Reserves $13.922 bln