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  • Arms maker BAE fights for growth after merger shot down Thursday, 11 Oct 2012 | 12:33 AM ET

    LONDON, Oct 11- Its $45 billion merger plan shot down, BAE Systems must now hunt growth elsewhere if the British arms maker is to find the cash needed to sustain big dividends and avert the possibility of a break-up. CEO Ian King is under pressure to spur the search for new business with a lucrative deal in Saudi Arabia now seen as crucial to bolster the balance sheet.

  • Med Crude-Urals extends rally to over 10 days Thursday, 11 Oct 2012 | 12:18 AM ET

    LONDON, Oct 11- Russian Urals crude extended its rally to over 10 days on Thursday as the market struggled with poor cargo availability amid healthy refining margins. In the Platts window, BP bid for a 22-26 cargo in the Baltic at dated Brent minus $1.25 a barrel, some 5 cents stronger than earlier in the week.

  • *Turkey warns Syria about cross-border shelling. Oil markets, which have been balancing concerns of lower global fuel demand against the risk of supply disruptions in the Middle East and loading delays of crude from the North Sea, also.

  • PORTLAND, Ore., Oct 10- Lawyers for 12 Oregon National Guardsmen suing contractor KBR Inc for negligence and fraud told a jury in Portland, Oregon on Wednesday that the soldiers were knowingly exposed to toxic chemicals in Iraq that made them ill.

  • *Turkey warns Syria about cross-border shelling. Oil markets, which have been balancing concerns of lower global fuel demand against the risk of supply disruptions in the Middle East and loading delays of crude from the North Sea, also.

  • *Turkey warns Syria about cross-border shelling. Oil markets, which have been balancing concerns of lower global fuel demand against the risk of supply disruptions in the Middle East and loading delays in crude from the North Sea, were also closely watching forecasts from the U.S. government and the Organization of the Petroleum Exporting Countries.

  • *Turkey warns Syria about cross-border shelling. NEW YORK, Oct 10- Brent crude prices edged up on Wednesday in volatile trading, as concerns about the security of Middle East supplies amid escalating tensions over Syria helped offset fears that slowing economic growth will curb demand for petroleum.

  • LBJ biography, Mideast memoir among book award finalists Wednesday, 10 Oct 2012 | 1:20 PM ET

    NEW YORK, Oct 10- Books about war-torn Iraq and post-World War II Eastern Europe, Lyndon Johnson and Mumbai were among 20 finalists announced on Wednesday for the annual National Book Awards, among the most prestigious in U.S. publishing.

  • Med Crude-Urals stable, further strength seen Wednesday, 10 Oct 2012 | 11:51 AM ET

    LONDON, Oct 10- Russian Urals crude was stable on Wednesday with traders anticipating a further price spike in the next few days due to poor cargo availability and good demand from refiners. He predicted that activity would remain thin until Russia publishes early loading programmes for November within the next 5-10 days.

  • Conservative lending rules and red tape have long been blamed for holding back development of the mortgage sector in Egypt. Mortgage lending is equivalent to less than half a percent of gross domestic product in Egypt, compared to 13 percent in Morocco, according to a 2011 report on Africa housing by FinMark Trust, a body mainly funded by British government aid.

  • Iraq officially retreats from ambitious oil plans Wednesday, 10 Oct 2012 | 11:28 AM ET

    BAGHDAD-- Iraq officially stepped back on Wednesday from its ambitious plans to more than triple its oil production by 2017, but it remains more optimistic than the world's leading global energy monitor about how fast and how high it can boost output.

  • Qatar cash, prospects lure top bankers to local firms Wednesday, 10 Oct 2012 | 10:00 AM ET

    *Qatar banks attract global bankers with pay, security. DUBAI, Oct 10- Qatar is luring high-profile bankers away from foreign firms by offering better pay and prospects, as the cash-rich Gulf state builds the talent needed to expand its financial footprint across the region.

  • LONDON, Oct 10- Brent crude oil eased towards $114 a barrel but stayed close to a three-week high on Wednesday as worries over the security of Middle East supplies outweighed increasing evidence of slowing global economic growth.

  • LONDON, Oct 10- Brent crude oil held above $114 a barrel and close to a three-week high on Wednesday as worries over the security of Middle East supplies outweighed increasing evidence of slowing global economic growth.

  • MOSCOW, Oct 10- Gazprom Neft, the oil arm of Russia's top natural gas producer Gazprom, is still interested in Kurdistan's oil, a Gazprom Neft source said, rebutting reports it had frozen projects in the Iraqi province.

  • Iraq says oil production can be doubled by 2015 Wednesday, 10 Oct 2012 | 5:44 AM ET

    BAGHDAD-- Iraq's top energy official is predicting that the country's current oil production of 3.4 million barrels per day will double by 2015.. Deputy Prime Minister Hussein al-Shahristani on Wednesday also said Iraq's long term target is to produce up to 10 million barrels of oil daily by 2020..

  • Iraq picks U.S. firm CH2M Hill for $170 mln contract Wednesday, 10 Oct 2012 | 4:47 AM ET

    BAGHDAD, Oct 10- Iraq has picked U.S. firm CH2M Hill for a contract worth $170 million to help manage a water injection project, the head of state-run South Oil Co. said on Wednesday. "The South Oil Company has selected CH2M Hill to offer consultancy for the management of the seawater injection project," Dhiya Jaafar said.

  • *NATO says plans in place to defend Turkey from Syria. LONDON, Oct 10- Brent crude oil rose above $114 a barrel on Wednesday as worries over the security of Middle East supplies outweighed increasing evidence of slowing global economic growth.

  • MOSCOW, Oct 10- Gazprom Neft, the oil arm of Russia's top natural gas producer Gazprom, is still interested in Kurdistan's oil, a Gazprom Neft source said, rebutting reports it had frozen projects in the Iraqi province.

  • *NATO says plans in place to defend Turkey from Syria. SINGAPORE, Oct 10- Brent crude slipped to near $114 per barrel on Wednesday, after jumping more than 2 percent in the previous session, as worries about global economic growth muddied the outlook for demand and offset supply fears stemming from tensions in the Middle East.