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Mexican crude oil exports drop nearly 16pc in April MEXICO CITY: Crude oil exports fell 15.8 percent in April for Mexico's national oil company Pemex, as the state-run producer is opening up to competition for the first time in decades.April crude exports totaled 1.034 million barrels per day compared with 1.228 million bpd in March, according to company data.Crude exports to Asian markets led the decline, by more than 182,000 bpd or about 70 percent, to an average 82,316 bpd.But exports to Europe also fell sharply, by nearly 40 percent, to total about 183,000 bpd.Pemex's crude production in April fell 5 percent from March to 2.201 million bpd.\ Crude shipments have fallen nearly 40 percent over the past decade, while production is down about a third over the same period.Pemex expects 2015 crude output to average 2.288 million bpd.Mexico's Congress finalized a historic energy overhaul last year that ended Pemex's decades-long monopoly on oil production, and allows the company ...

Gold sits tight near $1,200 as dollar climbs to one month high SINGAPORE: Gold was stuck in a tight trading range above $1,200 an ounce on Tuesday, as the dollar jumped to a fresh one-month peak against a basket of major currencies on the prospect of higher US interest rates this year.Spot gold had slipped 0.1 percent to $1,205.10 an ounce by 0323 GMT. The metal was little changed in the previous session as liquidity was thin due to US and British holidays.Bullion was not far off ...
Australia shares scale three weeks high as utilities, resources shine SYDNEY/WELLINGTON: Australian shares jumped to a three-week peak on Tuesday, after a rebound in iron ore prices prompted investors to buy recently battered resource stocks, while AGL Energy soared on plans to sell assets and cut costs. The S&P/ASX 200 index leapt 0.8 percent to 5770.20 by 03:55 GMT to mark a fourth session of gains.The benchmark is up nearly 3 percent since slipping to its weakest in four months last week. Some analysts, however, ...
JGBs little changed after paring losses on decent 20-year sale TOKYO: Japanese government bond prices stood little changed on Tuesday after paring earlier losses on decent results from a 20-year debt auction.The benchmark 10-year JGB yield stood unchanged at 0.42 percent, pulling back from 0.44 percent. The 20-year yield was also flat, at 1.21 percent, following a rise to 1.23 percent.The market was relieved after seeing 1.2 trillion yen of 20-year debt sold by the finance ministry draw ample demand. The bid-to-cover ratio, a gauge ...
TSX steady as broad gains offset by drop in energy shares TORONTO: Canada's main stock index was steady on Monday with losses in oil and gas shares offsetting moderate gains in the heavily weighted financials group and most other sectors, but trade was quiet due to the US Memorial Day holiday. Investors were looking ahead to Canadian bank quarterly earnings later this week, trying to assess the impact of a lackluster economy and low energy prices on the sector."The big thing this week will be bank ...
European stocks fall on Greek and Spanish political concerns LONDON: European shares fell on Monday, with the Spanish and Greek stock markets hit by investors' concerns over Greece's debt problems and a poor local election result for the government in Madrid.Athens' main ATG equity index fell 3.1 percent as the Greek government said on Monday that it intended to make good on its debt obligations but urgently needed aid to be able to do so. The ATG is down by around 1.5 percent since ...


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 5,117.17 0.50
Arrow Nikkei 20,413.77 0.74
Arrow H.Seng 27,992.83 1.70
Arrow Sensex 27,643.88 1.12

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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyMay 21, 2015
Reserves $17.75 bln