Austria’s finance minister admitted he could not understand the reasoning behind Standard and Poor's' warning about the country’s banks.» Read More
BERLIN— Germany's largest airline, Lufthansa, says it is cancelling all flights to Tel Aviv for at least another 24 hours because of ongoing safety concerns. In all, 20 flights from Frankfurt, Berlin, Munich, Zurich, Vienna and Brussels are being cancelled.
WARSAW, Poland— Poland's foreign minister had sharp words on the downing of the Malaysia Airlines jumbo jet in Ukraine— blaming the crash on Russia- backed "bandits."
*Iran seeks broad sanctions relief in nuclear deal. BRUSSELS/ VIENNA, July 17- With talks between world powers and Iran over a broad nuclear accord at an impasse, Western governments are considering offering a significant easing of sanctions early on in the process to try to wring concessions from Tehran, diplomats say.
LONDON, July 17- Russia is stepping up a public relations effort in support of its controversial South Stream gas pipeline project to supply southern Europe, but a rival project to bring gas from Azerbaijan is also upping its game.
GAZA/ JERUSALEM, July 16- Israel resumed its air strikes in the Gaza Strip on Wednesday a day after holding its fire in deference to an Egyptian-proposed cease-fire deal that failed to get Hamas militants to halt rocket attacks.
*United States condemns Hamas for rocket fire. GAZA/ JERUSALEM, July 16- Israel resumed its air strikes in the Gaza Strip on Wednesday a day after holding its fire in deference to an Egyptian-proposed cease-fire deal that failed to get Hamas militants to halt rocket attacks.
GAZA/ JERUSALEM, July 15- Israel resumed air strikes in the Gaza Strip on Tuesday, six hours after agreeing to an Egyptian-proposed truce that failed to halt Hamas rocket attacks. "Hamas has fired 47 rockets since we suspended our strikes in Gaza.
SEOUL, July 15- U.S. crude futures edged up to over $101 a barrel on Tuesday as intensifying conflicts in Libya and Iraq rekindled concerns of supply disruption from the two OPEC members and projections that last week's U.S. crude inventory fell.
LONDON, July 14- Oil prices ended slightly higher on Monday as traders weighed renewed violence in Libya against broader signs of a global market well-supplied with crude. Last week, North Sea benchmark Brent closed at its lowest in three months as easing tensions in Libya and Iraq mitigated fears of supply disruptions.
WASHINGTON, July 14- Two influential U.S. senators have asked fellow lawmakers to support demands that Iran accept tough conditions in nuclear talks, including at least two decades of inspections, before Congress would agree to ease sanctions.
On the back of commercial launch announcements by Toyota and Hyundai and demand in Japan, Linde started up a production facility with an initial annual capacity of 50 stations a year.
LONDON, July 14- Oil prices were little changed on Monday as traders weighed renewed violence in Libya and uncertainty over nuclear talks with Iran against broader signs of a global market well-supplied with crude.
LONDON, July 14- Brent crude oil steadied around $107 a barrel on Monday, close to its lowest in three-months after weeks of heavy falls on signs of improving supply from key producers and weak demand in some consuming centers.
LONDON, July 14- Brent crude oil slipped towards $106 a barrel on Monday, its lowest for three months, depressed by signs of improving supply from key producers and weak demand in some consuming centres.
VIENNA— The United States and Germany put a brave face on an escalating espionage dispute, stressing on Sunday the importance of their cooperation to solving several global crises but offering little indication they've fully mended ties. The accounts have rocked relations, coming on the heels of revelations about widespread U.S. spying in Germany.
WASHINGTON, July 11- The U.S. Congress will ultimately support an extension of an interim agreement of talks on Iran's nuclear program, lawmakers and congressional aides said, despite calls by Republicans and some Democrats to abandon negotiations and return to tough sanctions to deter Tehran from building a nuclear bomb.
VIENNA— Big-power foreign ministers are joining Iran nuclear talks on a diplomatic rescue mission. "Obviously both sides have set out positions that are irreconcilable," says Gary Samore, who left the U.S. team negotiating with Iran last year.
United States again set to lead non- OPEC output growth. *Sees 310,000 bpd decline in demand for OPEC crude. The report by the 12- member OPEC points to ample supplies next year, especially if there is further progress in resolving outages in OPEC countries Libya, Iraq and Iran.
VIENNA, July 10- The U.N. atomic agency said on Thursday it believed nuclear material which Iraq said had fallen into the hands of insurgents was "low grade" and did not pose a significant security risk.
By early afternoon in Europe, benchmark U.S. crude for August delivery was down 34 cents to $101.95 a barrel in electronic trading on the New York Mercantile Exchange. Brent crude, a benchmark for international oils, was down 12 cents to $108.16 on the ICE Futures exchange in London.