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
John Hofmeister, Citizens for Affordable Energy, discusses how uncertainty in the Middle East is impacting global energy production and prices.
NBC's Richard Engel reports how the UK's decision to stay out of military intervention in Syria will likely impact the region. And Reuel Marc Gerecht, Foundation for Defense of Democracies, provides his perspective on what President Obama's next move in the Middle East should include.
Richard Hastings, Global Hunter Securities, explains why minor oil disruptions in the Middle East will unlikely cause a major spike in energy prices.
NEW YORK, Aug 30- U.S. stock index futures advanced on Friday, as the likelihood of an impending Western military strike on Syria appeared to lessen ahead of a flurry of economic data.
MOSCOW, Aug 30- Russia banned pork imports from Belarus on Friday, stepping up a diplomatic and trade war over the arrest of a Russian businessman and threatening to deepen the isolation of its former Soviet ally.
Now that the United Kingdom, Germany and Israel have indicated they will not participate in a military strike in Syria, President Obama must carefully weigh his retaliatory options in the Middle East, reports NBC's Richard Engel.
LONDON, Aug 30- OPEC crude output declined in August as unrest and conflict in Libya disrupted supplies, a Reuters survey found on Friday, outweighing extra oil from Saudi Arabia and a recovery in Iraq.
*India expected to post April-June GDP of 4.7 pct. NEW DELHI/ MUMBAI, Aug 30- India's prime minister sought to quell talk of currency crisis on Friday, after the rupee plumbed record lows as it notched its biggest ever monthly fall, but there was no word of sweeping reforms needed to restore investor confidence.
Alec Young, S&P Capital IQ, provides perspective on how stocks will likely react to an attack on Syria. And Jack De Gan, Harbor Advisory, weighs in on General Electric's plans to spin off its consumer lending operations.
LONDON, Aug 30- European shares fell on Friday, setting them on course for a monthly loss and the steepest weekly drop in two months, with oil stocks weighing as expectations were lowered of imminent Western strikes against Syria which would hurt supply.
Robert Wexler, S. Daniel Abraham Center for Middle East Peace, discusses several options open to President Obama in response to Syria's Bashar Assad's use of chemical weapons. And CNBC's John Harwood reveals the latest results of an NBC/WSJ poll on what Americans think about the crisis in Syria.
*Yen supported by Japan exporter flows. LONDON, Aug 30- The dollar held steady near four-week highs versus a basket of currencies on Friday, underpinned by expectations that upbeat U.S. data would prompt the Federal Reserve to start withdrawing stimulus next month.
Reuters monthly asset allocation polls of 54 fund managers across the United States, Europe and Japan showed that investors raised their global equity holdings to a three-month high and cut bonds, but continued to show some caution, increasing cash buffers to their highest in a year.
LONDON, Aug 30- Brent crude oil slipped to $115 a barrel on Friday as fears over supply disruptions in the Middle East eased after Britain said it would not join any military action against Syria.
*Oil falls after Britain says no to Syria action. LONDON, Aug 30- Gold fell around one percent below $1,400 an ounce on Friday on speculation any U.S. military strike on Syria was less likely and as strong U.S. data rekindled speculation of a Federal Reserve's stimulus withdrawal soon.
*Copper stocks reverse trend, rise on LME and in Shanghai. LONDON, Aug 30- Copper hit a three-week low on Friday on expectations that upbeat U.S. data would bolster the case for the Federal Reserve to start withdrawing stimulus next month, though the metal looked set for its biggest monthly gain in nearly a year.
NBC's Ayman Mohyeldin reports the latest developments in Syria as a growing number of refugees flee to Jordan and Lebanon, and the United Kingdom and Germany signal they will not participate in a military strike.
*Oil falls as Britain says no to Syria action. LONDON, Aug 30- Signs of strength in the U.S. economy kept the dollar near a four-week high against major currencies on Friday, while oil prices fell on ebbing prospects of an imminent U.S.-led military strike against Syria.
LONDON, Aug 30- Brent crude oil slipped below $115 a barrel on Friday as fears over supply disruptions in the Middle East eased after Britain said it will not join any military action against Syria.
Robert Jordan, former US ambassador to Saudi Arabia, tells CNBC that Obama has placed the US in box over Syria and has to carry out an attack to maintain credibility.