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Nikkei hits 2-week high as energy firms shine; Showa Shell soars on M&A report TOKYO: Japanese stocks briefly hit a two-week high on Monday morning, led by oil-related shares on rebounding crude prices and as Showa Shell Sekiyu surged over 25 percent on a media report of an impending takeover bid.The benchmark Nikkei share average rose as high as 17,692.58, the best level since December 9, before erasing gains to stand at 17,621.66 by the midday break, almost flat from Friday close.Oil-related shares led the rally, with the oil and coal products companies subindex jumping 7.7 percent to become the best performing sector on the main board.US crude futures rose to near $57.50 a barrel in early Asian trades on Monday, extending a rise helped by profit-taking on short positions.Oil refiner Showa Shell Sekiyu was the highlight of the session, surging 25.6 percent after media reported the oil refiner was in talks to be acquired by a larger rival, Idemitsu Kosan Co Ltd, for ...

China's yuan slips vs dollar after another weaker midpoint fixed HONG KONG: China's yuan slipped on Monday, putting it in line with the degree to which other emerging currencies have weakened, after the central bank fixed the daily midpoint weaker against the dollar for a third straight day.In early trade on Monday, the yuan weakened to 6.2240 per dollar compared to 6.2202 on Friday. Last week was the fourth in a row in which the Chinese currency declined against the dollar.China's central bank fixed the ...

China stocks rise in volatile morning session led by financials, energy SHANGHAI: China stocks rose on Monday in a volatile morning session, as investors ploughed funds into electrical utilities shares on hopes of reform, while banks saw a dramatic spike before a sell-off ensued. The CSI300 index rose 0.1 percent to 3,385.57 points at the end of the morning session. The Shanghai Composite Index gained 0.4 percent to 3,120.85 points, off earlier gains of nearly 2 percent thanks to the CSI300 bank share index of heavyweights, ...

Oil prices up on year-end short-covering SINGAPORE: Oil prices rose in Asia on Monday, extending a sharp rebound at the end of last week, with analysts predicting the sector has bottomed out after plunging almost 50 percent since June.US benchmark West Texas Intermediate (WTI) for February delivery rose 58 cents to $57.71 while Brent crude for February gained 79 cents to $62.17 in late-morning trade."We do not expect WTI and Brent to test new lows this week," said Daniel Ang, investment ...

Australian PM denies government in crisis SYDNEY: Australian Prime Minister Tony Abbott on Monday denied a cabinet reshuffle was a sign his government was in crisis as he came under fire for saying his biggest achievement for women was axing a carbon tax.Abbott on Sunday unveiled sweeping changes to his ministry, dumping Defence Minister David Johnston, promoting Immigration Minister Scott Morrison and appointing only his second woman to cabinet.It came after recent opinion polls showed his personal approval rating and that ...

Asian stocks rise in thin trade, tracking Wall St gains HONG KONG: Asian markets rose in thin trade Monday ahead of the festive season, tracking cues from Wall Street where stocks surged in a Federal Reserve-fuelled "Santa Claus rally" last week. Sydney surged 1.49 percent, Hong Kong gained 1.18 percent, Shanghai climbed 1.26 percent and Seoul added 0.28 percent.Tokyo was flat by the break after the Bank of Japan gave a more upbeat view of the world's number three economy on Friday, saying exports were ...


Index Closing Chg%
Arrow DJIA 17,959.44 0.87
Arrow Nasdaq 4,781.43 0.34
Arrow S&P 2,078.54 0.38
Arrow FTSE 6,576.74 0.48
Arrow DAX 9,865.76 0.81
Arrow CAC-40 4,254.43 0.30
Arrow Nikkei 17,635.14 0.08
Arrow H.Seng 23,408.57 1.26
Arrow Sensex 27,701.79 1.21

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyDecember 22, 2014
Reserves $14.042 bln