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  • LONDON, July 11- Oil fell on Monday over signs that U.S. shale drillers have adapted to lower prices and on renewed indications of economic weakness in Asia where refiners are already trimming crude runs. Brent crude was trading at $46.26 per barrel at 0942 GMT, down 50 cents from its last settlement. Iran set the official selling price of its light grade for Asia at...

  • *More indications of slowing economic growth in China, Japan. SINGAPORE, July 11- Oil fell on Monday over signs that U.S. shale drillers have adapted to lower prices and on renewed indications of economic weakness in Asia. Brent crude was trading at $46.38 per barrel at 0653 GMT, down 38 cents from its last settlement.

  • *More indications of slowing economic growth in China, Japan. SINGAPORE/ TOKYO, July 11- Oil fell on Monday over signs that U.S. shale drillers have adapted to lower prices and on renewed indications of economic weakness in Asia. Iran has set the official selling price of Iranian Light grade for its Asian buyers at $0.45 above the Oman/ Dubai average for August, down 40...

  • *AirAsia group eyes possible JV in China to target rising cities. FARNBOROUGH, England, July 10- AirAsia is studying a dual listing in Hong Kong, part of plans to become a pan-Asian low-cost airline player as it also moves towards setting up a joint venture in China, people familiar with the matter said on Sunday. The Malaysia- based group is simultaneously looking...

  • July 8- Two former executives at New Jersey- based construction management company Louis Berger have been sentenced for their roles in a scheme to secure government contracts by bribing foreign officials, U.S. prosecutors said. Their sentencing capped an investigation into what the U.S. Justice Department called a long-running bribery scheme at Louis...

  • July 8- Two former executives at New Jersey- based construction management company Louis Berger have been sentenced for their roles in a scheme to secure government contracts by bribing foreign officials, U.S. prosecutors said. Their sentencing capped an investigation into what the U.S. Justice Department called a long-running bribery scheme at Louis...

  • *Risk of further disruptions in Africa, Middle East. *Singapore gasoline margins have fallen 86 pct this year. Brent crude futures were trading at $46.75 per barrel at 0649 GMT on Friday, up 35 cents, or 0.8 percent, from their last settlement.

  • *Aramco rapidly expanding Houston trading business. LONDON/ HOUSTON, July 4- Royal Dutch Shell has asked Saudi Aramco for up to $2 billion as part of the breakup of their giant Motiva Enterprises refining joint venture in the United States, the latest stumbling point in a partnership fraught with tension. Shell will become the sole owner of Motiva's Louisiana...

  • *Saudis, OPEC say oil market heading into balance. TOKYO/ SINGAPORE, July 4- Oil prices rose on Monday following comments from the Saudi energy minister that the market was heading towards balance, although signs of slowing demand in Asia weighed. "The bulls are seemingly once again on their relentless march to keep this market above $50," said Matt Stanley of oil...

  • *Combined lender to be called National Bank of Abu Dhabi. DUBAI, July 3- National Bank of Abu Dhabi and First Gulf Bank won board approval on Sunday for a merger to create a banking heavyweight with $175 billion in assets, part of the emirate's plan to revamp its economy hit by lower oil prices. The newly-branded National Bank of Abu Dhabi will become one of the Middle...

  • *Q1 growth rate of 1.5 pct y/y may be revised lower. *Oil sector unlikely to provide same support in coming quarters. DUBAI, July 3- Saudi Arabia's economy expanded at its slowest rate in three years during the first quarter of 2016 as low oil prices forced the government to cut spending and raise costs for industry, official data showed on Sunday.

  • *OPEC sees tight market despite record output. *But weak China, South Korea data points to slowing Asia growth. Despite oil output from the Organization of the Petroleum Exporting Countries rising to a record 32.82 million barrels per day in June, OPEC expects demand for its supplies to be higher still.

  • LONDON, June 30- A Goldman Sachs executive's alleged arranging of prostitutes for himself and the brother of a decision-maker at Libya's sovereign wealth fund was completely unacceptable behaviour for an employee of the bank, the first witness called by Goldman told a court on Thursday. In a trial at London's High Court, the Libyan Investment Authority is...

  • DUBAI, June 30- State-controlled utility Saudi Electricity Co has obtained $1.5 billion in financing from Industrial and Commercial Bank of China, one of the largest loans ever extended by a Chinese bank in the Gulf. In January, China and the six Gulf Cooperation Council nations said they aimed to conclude a free trade agreement this year. Since it opened a branch...

  • One of the persistent themes of crude oil markets since the price crashed in mid-2014 is that top exporter Saudi Arabia decided to stop its balancing role and instead chase market share, no matter the implication for prices. Figures from top Asian crude buyers China, India, Japan and South Korea suggest that Saudi Arabia is effectively conceding market share to...

  • SINGAPORE/ TOKYO, June 30- Saudi Arabia will supply more Arab Extra Light crude to at least two buyers in Asia in July, four sources familiar with the matter said on Thursday, as the top oil exporter ramps up shipments in a bid to claim a bigger share of the Asian market. Saudi Arabia has traditionally accounted for most of the crude imports by Asia, the world's biggest...

  • One of the persistent themes of crude oil markets since the price crashed in mid-2014 is that top exporter Saudi Arabia decided to stop its balancing role and instead chase market share, no matter the implication for prices. Figures from top Asian crude buyers China, India, Japan and South Korea suggest that Saudi Arabia is effectively conceding market share to...

  • June 29- The biggest uncut diamond to be discovered in over a century failed to sell at a Sotheby's auction on Wednesday, but the chief executive of Lucara Diamond Corp, the company that found the gem, said there was interest from buyers in the diamond trade. Sotheby's had estimated that the diamond, found last November at Lucara's mine in Botswana, would sell for...

  • *Bahrain stops publishing monthly monetary data. DUBAI, June 29- A sharp revision of economic data in Saudi Arabia suggests its economy may be weaker than previously thought, underlining the risks which investors in the Gulf face as they try to estimate the damage caused to the region by low oil prices. But this month, the statistics office posted new data revising...

  • BELGRADE, June 29- A multi-billion euro plan to turn a rundown area of Belgrade's riverfront into a glitzy business and tourism hub has turned into a political headache for the Serbian government. The scheme is a test of Belgrade's involvement with Gulf Arab investors, seen as a vital means of promoting growth in a country with high unemployment and low wages.