Political drama will surround 2014 Olympics, India adjusts easily to increase in US interest rates, and businesses are back in Iran.» Read More
*Vodafone in talks with Verizon to sell share of joint venture. NEW YORK, Aug 29- U.S. stocks closed modestly higher on Thursday as the economy showed signs of improvement, but uncertainty over possible military action against Syria continued to pressure markets.
Prices for U.S. Treasurys advanced on Thursday as investors began positioning themselves for the month-end and the long holiday weekend, with underlying worries about a possible military strike against Syria supporting safe-haven purchases.
UN inspectors continue their chemical investigation in Syria for the 3rd day, reports NBC's Ayman Mohyeldin. And Jon Alterman, Center for Strategic and International Studies; and David Gordon, Eurasia Group, discuss the impact Syria could have on the U.S. economy.
NEW YORK, Aug 29- Oil prices on both sides of the Atlantic dropped sharply a few minutes ahead of the market close on Thursday as traders sold contracts and booked profit ahead of the holiday weekend as a U.S.-led strike on Syria remained uncertain.
NEW YORK, Aug 29- U.S. stocks edged higher on Thursday as data pointed to stronger-than-expected economic growth, though geopolitical uncertainty over Syria limited gains. The Dow Jones industrial average was up 16.05 points, or 0.11 percent, at 14,840.56. The Nasdaq Composite Index was up 26.95 points, or 0.75 percent, at 3,620.30.
Heather Hughes, SunAmerica Funds; Greg Ip, The Economist; and Dennis Gartman, The Gartman Letter, discuss markets with tapering in question on Syrian concerns.
Aug 29- The International Energy Agency said on Thursday oil markets were currently well supplied and did not warrant any action by the West's energy watchdog despite a recent spike in prices.
NBC's Ayman Mohyeldin provides the latest details from Syria. U.S. officials say a possible strike could be sea-based. And Philip Coyle, Center for Arms Control and Non-Proliferation; and Gen. Barry McCaffrey, MSNBC Military analyst, discuss what's the next move for America.
*GDP, labor data points to improved economic strength. *Vodafone in talks with Verizon to sell out of venture. NEW YORK, Aug 29- U.S. stocks rose on Thursday as data pointed to better-than-expected economic growth while concerns over Syria receded as a potential Western military strike on the country appeared to be delayed for now.
Concerns of fighting in Syria could re-spark factional fighting in Iraq potentially putting 3 million barrels of oil a day at risk. Former U.S. State Department senior banking and finance advisor to the government of Iraq Burdin Hickok provides insight into the global oil market.
CNBC's Dominic Chu focuses on defense stocks while tensions in Syria heighten.
NBC's Ayman Moheyldin reports anxiety has gripped the country of Syria in anticipation of a possible U.S. military strike, and there has been a high amount of shortages of food.
*Dollar rises vs yen as Syria tensions ease. NEW YORK, Aug 29- The dollar hit a two-week peak on Thursday, and was on track for its largest daily gain against the euro in more than four months after strong U.S. data emboldened the view that the Federal Reserve could next month begin winding down its stimulus program.
NBC News' Richard Engel reports UN inspectors are still on the ground in Syria conducting inspections, and likely to leave the country on Sunday. Egypt and The Red Cross say they do not support any kind of military action.
Discussing where the conflict in Syria currently stands, and their opinions on whether the U.S. will strike, with William Cohen, The Cohen Group, and Theodore Kattouf, AMIDEAST CEO.
NEW YORK/ LONDON, Aug 29- Gold fell about 1 percent on Thursday, snapping a five-day rally on fading fears that U.S.-led forces would soon launch a military strike on Syria, as investors turned attention to strong U.S. economic growth and the Federal Reserve's plans to rein in its bond buying.
*Obama wants to punish Syria, but faces growing opposition. NEW YORK, Aug 29- Brent crude oil eased off a six-month high on Thursday as traders sold contracts to book profits as fears of a U.S.-led military strike on Syria waned and after the market had its biggest two-day rally in more than 1-1/ 2 years.
$1.6 million per missile. That's the cost of the Tomahawks the U.S. Navy may fire into Syria. But will that be a boon for Raytheon, which makes them?
NEW YORK, Aug 29- Strong growth in the U.S. economy and signs of a delay in expected Western military strikes on Syria lifted equities worldwide on Thursday and pushed the dollar to two-week peaks.
*Vodafone rises 8.2 pct on Verizon talks, telecoms rally. LONDON, Aug 29- Bumper gains among telecom stocks powered a rebound in European shares on Thursday after Vodafone confirmed it was in talks with Verizon to sell out of its U.S. joint venture.