CNBC's Hadley Gamble reports on protests outside the offices of the Saudi Binladin Group, which has laid off 50,000 foreign construction workers. » Read More
HERAT, Oct 4- Afghanistan has imposed a cap on U.S. dollar flows across the border with Iran amid clashes there between Iranian police and protesters prompted by a collapse in the rial currency, Afghan police said on Thursday.
DUBAI, Oct 4- Abu Dhabi family-owned conglomerate Al Jaber Group, in talks to restructure at least $1 billion in debt, has proposed to extend repayment by five years, two sources familiar with the company's plans said on Thursday.
*Morgan Stanley in commodities talks with Qatar for a year. DUBAI/ LONDON, Oct 4- Morgan Stanley's talks with Qatar's sovereign wealth fund over the sale of its commodities business have run into difficulty, and the deal may need to be reworked if it is to go ahead, banking sources said.
DUBAI, Oct 4- Shops in Tehran's Grand Bazaar stayed shut and police patrolled the area on Thursday as authorities struggled to restore normalcy a day after security forces clashed with anti-government protesters angered by the collapse of the currency.
DUBAI, Oct 4- Qatar International Islamic Bank. HSBC, Standard Chartered and QNB Capital. will arrange the investor meetings in the Middle East, Asia and Europe after which a dollar-denominated Reg S sukuk may follow, subject to market conditions.
*Seadrill may move to London, Singapore* CEO Thorkildsen disagreed with move, leaves firm.
*Credit Suisse integrated boutique Clariden Leu last year. FRANKFURT/ DUBAI, Oct 4- Falcon Private Bank, a Swiss private bank owned by Abu Dhabi fund Aabar Investments, said it will acquire a London- based unit of boutique Clariden Leu from Credit Suisse, including some 2 billion Swiss francs in assets.
Several traders from the bazaar, whose merchants played a major role during Iran's 1979 Islamic revolution, told Reuters by telephone that most stores were closed as businessmen stayed away for safety reasons.
DUBAI, Oct 4- Falcon Private Bank, a Swiss-based wealth manager owned by Abu Dhabi fund Aabar Investments, has agreed to acquire Clariden Leu, a fully-owned subsidiary of Credit Suisse, a statement from Falcon said on Thursday. London- based Clariden Leu had assets under management of over 2 billion Swiss Francs as of August 31, 2012.
*Morgan Stanley is in talks to sell a majority stake in its commodities business to the Qatar Investment Authority. *Singapore state investor Temasek Holdings is putting pressure on Standard Chartered to appoint more independent directors.
DUBAI, Oct 4- Indebted Zabeel Investments, which is owned by Dubai's crown prince, has reached a $956- million debt deal with lenders, according to al-Khaleej newspaper on Thursday. A Dubai government official confirmed this week that the management of Zabeel had been taken over by state-owned Dubai Real Estate Corp..
The October/November timespread slipped another $1.25 to a $7.75 per tonne backwardation or the lowest since September 26, according to Reuters data. Naphtha CFR Japan's October/November lost $1.25 to a backwardation of $7.75 a tonne, while the November/December backwardation was $1.00 per tonne lower, at $7.50 a tonne.
DUBAI, Oct 4- HSBC Holdings Plc is to significantly scale back the scope of its global Islamic banking operations, as the business becomes the latest area to be affected by a wider restructuring at the UK- based bank.
WASHINGTON/ LONDON, Oct 3- To win approval for their planned $45 billion merger, EADS and BAE systems must persuade Washington to let a pan-European behemoth control some of the most sensitive U.S. defence contracts, without triggering a political backlash.
DUBAI, Oct 4- An Islamic trade association in Iran strongly condemned the protests that flared in Tehran's main bazaar as an enemy conspiracy and said traders had dealt with the "treacherous" acts, Iran's state news agency reported late on Wednesday.
SINGAPORE, Oct 4- U.S. crude held near $88 a barrel in Asia on Thursday after plunging more than 4 percent the day before, with data from the euro zone and China heightening worries about economic growth and oil demand. was up 5 cents at $88.19 a barrel by 0013 GMT.
KHOBAR, Saudi Arabia, Oct 3- Top oil exporter Saudi Arabia has raised its Arab Light crude price for Asian buyers in November by 90 cents, its state-owned company Saudi Aramco said on Wednesday.
TEHRAN, Iran-- Iranian authorities used aggressive measures Wednesday in an attempt to halt the nosedive of the country's currency, making arrests, vowing to stamp out sidewalk money changers and warning merchants against fueling the mounting public anger over the economy.
By Yeganeh Torbati and Marcus George. DUBAI, Oct 3- Riot police clashed with demonstrators and arrested money changers in Tehran on Wednesday in disturbances over the collapse of the Iranian currency, which has lost 40 percent of its value against the dollar in a week, witnesses said.
Oil firm Surgut was believed to have awarded its tender for three cargoes from the Baltic port of Primork to Shell, Repsol and Litasco with prices of the prompt cargo pegged at around dated Brent minus $1.7 per barrel. Later cargoes were believed to be sold at dated Brent minus $1.50, some 20 cents stronger than prices earlier this week.