Out of bounds

Out of bounds



Tokyo
Oil falls after the unexpected rise in US crude production
oil prices fell in thin trading on Tuesday after the closure of many markets for four days on the occasion of the Easter holiday while the US government report pointed to the increase in crude production.
By 0649 GMT , crude futures for global measurement of Brent fell four cents to $ 55.32 a barrel. The contracts ended the session was calm on Monday , down 53 cents to $ 55.36 after rising over the previous three weeks.
Futures contracts for WTI fell as the US median of four cents to $ 52.61 a barrel. The crude futures ended lower on Monday session 53 cents to settle at record of $ 52.65 a barrel.
It also increased US crude contracts for three consecutive weeks on Thursday before the feast of Easter holiday.
It showed government data released on Monday that it is likely that the US shale oil production record in May , the largest monthly increase in more than two years at a time when producers increase drilling with the cohesion of oil prices above $ 50 a barrel.
It is expected that production in May by more than 123 thousand barrels per day to 5.19 million barrels per day , according to a report from the US Energy Information Administration for drilling productivity.


Dubai
African Export Bank asks proposals for bond dollar
banking sources confirmed on Tuesday that the exports and imports of the African Bank, a multilateral institution based in Cairo , focusing on trade and encourage the financing of the continent, was sent to international banks requesting proposals for the issuance of bonds denominated in US dollars.
The version comes after the launch of a bank pool loan worth $ 700 million in which 14 banks last week.
He said one banking source said the banks submitted their proposals for the issuance of bonds last week. A spokesman for the bank did not respond to phone calls and e - mails for comment.
George Alombe Bank Vice President was told Reuters in October that the bank, which borrows regularly in the international market through various tools, struggling to meet the demand for financing from the affected African economies negatively from the decline in global commodity prices.
And methods of African exports and imports Bank of the global bond market last year , issued for five years amounted to $ 750 million in May , followed by the reopening of the issue at the same offering of $ 150 million in November.
He led the bond arrangement, which comes under the medium - term program worth three billion dollars, Mitsubishi UFJ Financial, Barclays, HSBC and Rand Merchant Bank and Standard Chartered Group.
Took the latest syndicated loan arrangement for the Bank Group comprises 14 banks include Emirates NBD Bank , ABC and Abu Dhabi Commercial Bank , Barclays, Commerzbank, HSBC, Aa.sa.ba.sa and Mizuho and UFJ Mistubaishe and SM .ba.sa, Standard Chartered and Rand Merchant Bank Pennek.ojma another loan from Japanese banks in early April denominated in dollars and yen worth $ 106 million.


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