Israeli military forces destroyed a stockpile of Russian missiles that the Syrian government was reportedly prepared to deliver to Hezbollah, reports CNBC's Seema Mody.» Read More
President Obama told Rep. Boehner he is not willing to negotiate on the debt limit. Ari Melber, Nation Magazine; Dan Holler, Heritage Action for America; and Mark Simone, WOR radio talk show host, discuss. "I don't think the President has the upper hand," says Holler.
CNBC's Scott Cohn reports from Newport Chemical Depot, which is now called Vermillion Rise Mega Park. The site is currently under development to serve as an industrial park.
With interests in real estate, airlines, energy and telecommunications, the Syrian regime is believed to control a fortune worth billions.
Secretary of State John Kerry has confirmed the use of sarin gas in Syria. Michael Rubin, American Enterprise Institute, and Peter Brooks, Heritage Foundation, discuss whether Syria will show its entire weapons inventory, and if force is the answer.
Despite the average income in Syria being about $2,600 a year, President Bashar Assad's personal wealth is estimated at $500 million. CNBC's Scott Cohn has the story.
CNBC's Eamon Javers reports Sec. of State John Kerry confirms sarin gas was used and killed Syrians.
Nader Mousavizadeh, geopolitical analyst at Macro Advisory Partners, says the threat of a U.S. strike prompted the deal between Syria and Russia, and explains how Iran is opening the dialogue.
*Big western Libya oilfield ramps up production. LONDON, Sept 18- Brent crude rose above $108 a barrel on Wednesday after crude oil stockpiles in top consumer the United States sank to the lowest level since March 2012.
*Syria, Egypt policy leave Erdogan isolated in Middle East. Finding himself in what one adviser calls "worthy solitude", Erdogan risks alienating some important Gulf investors in Turkey as well as weakening his diplomatic clout with international powers and Egypt's new military-backed rulers.
*Big western Libya oilfield ramps up production. LONDON, Sept 18- Brent crude slipped below $108 a barrel on Wednesday as Libyan production began to recover and ahead of a Federal Reserve decision on bond purchases.
LONDON, Sept 18- Brent crude steadied above $108 a barrel on Wednesday as world powers held talks to eliminate Syria's chemical weapons- easing concerns that oil supply from the Middle East would be at risk. U.S. crude gained 69 cents to $106.11, after settling $1.17 per barrel lower on Tuesday.
*Big western Libya oilfield ramps up production. SINGAPORE, Sept 18- Brent crude oil prices slipped below $108 a barrel on Wednesday as Libya resumed output and as the start of diplomatic talks to eliminate Syria's chemical weapons eased worries that crude supply from the Middle East would be at risk.
*Big western Libya oilfield ramps up production. SINGAPORE, Sept 18- Brent crude oil prices slipped below $108 a barrel on Wednesday as Libya resumed output and as diplomatic talks to eliminate Syria's chemical weapons started which eased worries that crude supply from the Middle East would be at risk.
SYDNEY, Sept 18- Asia's top companies were less upbeat about their business outlook in the third quarter of 2013 as concerns about the global economy and rising costs dampened sentiment, the latest Thomson Reuters/INSEAD Asia Business Sentiment Survey published on Wednesday showed.
SYDNEY, Sept 18- Asian markets held their breath on Wednesday as investors counted on the Federal Reserve to launch only a modest scaling back of stimulus later in the day, with all assets vulnerable to any hint of hawkishness from the world's most powerful central bank. The euro idled at $1.3354, near the recent 2-1/ 2 week peak of $1.3385.
SINGAPORE, Sept 18- U.S. oil futures steadied above $105 a barrel on Wednesday after a three-day slide as tensions over Syria receded. The contract fell to a two-week low of $104.94 on Tuesday as major world powers met to draft a resolution to destroy Syria's cache of chemical weapons, calming investor fears of an imminent U.S. military strike.
NEW YORK, Sept 17- Oil prices fell on Tuesday as investors saw little danger of an U.S. attack on Syria that could disrupt Middle East oil supplies, and gold slipped in anticipation the U.S.
Traders were selling oil contracts and deflating a geopolitical risk premium built into the price as fears of a U.S.-led invasion of Syria and any Middle East oil supply disruption abated, brokers said.
*MSCI world equity index ekes out gain as Wall St edges up. Wall Street stocks rose, leading some other equity gauges to eke out gains, after data on U.S. consumer prices added to sentiment that Fed Chairman Ben Bernanke will lead the U.S. central bank to begin to modestly trim back its bond buying at the end of its meeting. "
*Microsoft shares up on dividend announcement, Apple rebounds. Many investors expect Fed chairman Ben Bernanke will announce a scale-back of purchases by $10 billion a month to $75 billion, while keeping rates close to zero.