Saudi billionaire Prince Alwaleed bin Talal is looking at the world's largest cities, as possible locations to build a mile-high skyscraper that would be the world's tallest building by far.» Read More
TORONTO, June 18- Canada's Tim Hortons Inc is under mounting pressure from activist investors to boost shareholder value a few weeks before a new CEO takes over after a second hedge fund said it had amassed a big stake in the coffee and doughnut chain.
U.S. energy independence is seen almost as a holy grail, and soaring shale production has heightened hopes that the country may actually get there. But not everyone's so sure.
DUBAI, June 18- Saudi billionaire Prince Alwaleed bin Talal says he is looking at the world's largest cities, including Shanghai, Moscow, London and New York, as possible locations to build a mile-high skyscraper that would be the world's tallest building by far.
President Barack Obama sparred with Russia's Vladimir Putin over how to end the war in Syria on Monday during an icy encounter at a G8 summit where divisions over the conflict eclipsed the rest of the agenda.
*Glencore results suggest energy margins thinnest. GENEVA/ LONDON, June 17- Energy trading houses are diversifying into food commodities and metals, which makes them likely to invest in assets such as port capacity as they copy their rival Glencore Xstrata to escape excessive reliance on oil.
*Spain inaugurates new route between Madrid and Alicante. ONBOARD MADRID- ALICANTE HIGH-SPEED TRAIN, June 17- A one-track dirt road used by local farmers is the main access to a magnificent glass-and-steel train station in the small city of Villena, on Spain's latest high-speed rail route.
LONDON, June 17- Brent crude oil rose above $106 per barrel on Monday as a superpower standoff over the Syrian civil war intensified, raising the risk of conflict spilling into the Middle East oil producing region.
*Middle East supply risks as Syria conflict escalates. LONDON, June 17- Brent crude oil steadied above $106 per barrel on Monday as a superpower standoff over the Syrian civil war intensified, raising the risk of conflict spilling into the Middle East oil producing region.
LONDON, June 17- Even without a relaxation of the ban on U.S. crude oil exports, the ripples of the shale revolution have already reached Asia. More than half of Saudi Arabia's crude exports head to refineries in China and the rest of Asia.
Sheikh Hamad bin Jassim has negotiated some of the fund's most prominent deals, including talks with Glencore's chief last year when Qatar demanded better terms for backing the firm's purchase of Xstrata. The companies eventually merged to create Glencore Xstrata.
Once ranked No. 2 in OPEC behind Saudi Arabia, Iran's production has plunged by 1 million barrels per day to 2.6 million bpd as harsh measures imposed early last year by the United States and Europe make it ever harder for Tehran to sell crude and fund its vital oil sector.
*Coffee at Sept 2009 lows on supply glut fears. *Corn down as USDA crop reduction below expectations. Cotton jumped more than 2 percent, leading gains for the day and rallying for a third session in a row after the U.S. Department of Agriculture slashed production estimates for the fiber.
*OPEC to keep pumping more oil than output target. NEW YORK/ LONDON, June 12- Crude oil prices were marginally higher on Wednesday, supported by worry over global supply disruptions but capped by an unexpected jump in oil inventories in the United States and a cut in estimates for oil demand growth.
*Qatar c.bank gov says more flexible currency may become desirable. Five of the six oil exporters in the Gulf Cooperation Council- Saudi Arabia, the United Arab Emirates, Qatar, Oman and Bahrain- fix their currencies against the U.S. dollar under arrangements dating back as far as the 1970 s.
DUBAI, June 12- After several sluggish years, mergers and acquisitions activity within the Middle East is showing signs of revival, giving hope to global banks which scaled back their regional operations because of a dearth of deal flow.
*Kuwait's population is two-thirds foreign. KUWAIT, June 12- The narrow, cracked streets of the district of Jleeb al-Shuyoukh, down the road from Kuwait's main airport, would normally be bustling with Indian and Bangladeshi workers by late morning, just before the summer sun becomes unbearable.
*OPEC to keep pumping more oil than output target. LONDON, June 12- Brent crude oil steadied around $103 on Wednesday, buoyed by a rally in global stock markets despite an unexpected jump in oil inventories in the United States and a cut in estimates for oil demand growth by the world's big oil market forecasters.
LONDON, June 12- The world is heading for a glut of refined products as new Asian and Middle East refineries increase oil processing in a move likely to force less advanced competitors in developed countries to close, the West's energy agency said on Wednesday.
WARTON, England, June 11- Sales of combat aircraft in the Middle East and Asia will more than compensate for cutbacks in U.S. and European spending, Britain's BAE Systems forecast on Tuesday. "This is a prudent view," Peter Anstiss, the division's business development director, said at a briefing on Tuesday in Warton, northwest England.
WARTON, England, June 11- Sales of combat aircraft in the Middle East and Asia will more than compensate for cutbacks in U.S. and European spending, Britain's BAE Systems predicted on Tuesday. "This is a prudent view," Peter Anstiss, business development director of the unit said at a briefing on Tuesday in Warton, in north west England.