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  • *Yemen sits on Bab el- Mandeb Strait supply chokepoint. SINGAPORE, March 27- Oil prices fell more than $1 on Friday, after sharp gains in the previous session, as worries of a disruption to crude supplies due to Saudi Arabia- led air strikes in Yemen eased. Oil jumped around 5 percent on Thursday, the biggest daily gain in a month, as air strikes in Yemen by Saudi Arabia and...

  • *Yemen sits on Bab el- Mandeb Strait supply chokepoint. SINGAPORE, March 27- Oil prices fell over a percentage point on Friday as traders estimated that the threat of a disruption to world crude supplies from Saudi Arabia- led air strikes in Yemen was low. Goldman Sachs said in an overnight note that the strikes in Yemen would have little effect on oil supplies as the...

  • SINGAPORE, March 27- Oil prices edged lower in early trading in Asia on Friday as traders estimated that the threat of a disruption to world crude supplies from Saudi Arabia- led air strikes in Yemen was low. Goldman Sachs said in an overnight note that the strikes in Yemen would have little effect on oil supplies as the country was only a small crude exporter and...

  • LONDON, March 26- Conflict in Yemen risks spilling out into the busy sea lanes that pass it and potentially disrupt the narrow Bab el-Mandeb passage through which nearly 4 million barrels of oil are shipped daily to Europe, the United States and Asia. Oil prices rose as much as 6 percent on Thursday after neighbouring Saudi Arabia and its allies launched air...

  • DUBAI, March 26- Warplanes from Saudi Arabia and Arab allies struck Shi'ite Muslim rebels fighting to oust Yemen's president on Thursday, in a push by the world's top oil exporter to check Iranian influence in its backyard. Most of the crude exported from Saudi Arabia, Iran, the United Arab Emirates, Kuwait and Iraq-- together with nearly all the liquefied natural...

  • Yemen war clouds raise dangers for top oil shipping route Thursday, 26 Mar 2015 | 12:39 PM ET

    LONDON, March 26- Conflict in Yemen risks spilling out into the busy sea lanes that pass it and potentially disrupt the narrow Bab el-Mandeb passage through which nearly 4 million barrels of oil are shipped daily to Europe, the United States and Asia. Oil prices rose as much as 6 percent on Thursday after neighbouring Saudi Arabia and its allies launched air...

  • FINRA fines Oppenheimer $3.75M in employee fraud case Thursday, 26 Mar 2015 | 11:15 AM ET

    NEW YORK— The Financial Industry Regulatory Authority is ordering Oppenheimer& Co. to pay $3.75 million for failing to supervise an employee who defrauded clients and the producers of a canceled Broadway musical. FINRA ordered Oppenheimer to pay a $2.5 million fine and $1.25 million in restitution for failing to investigate Mark Hotton before hiring him,...

  • COLUMN-Yemen fuels short-covering rally in oil: Kemp Thursday, 26 Mar 2015 | 9:04 AM ET

    LONDON, March 26- Air strikes by Saudi Arabia and its allies in Yemen have sparked a modest rise in oil prices of $3 per barrel, even though Yemen plays a marginal role in the global oil market. Yemen produces just 130,000 barrels per day, according to the U.S. Energy Information Administration, about 0.1 percent of global production and the same as Italy or Kansas.

  • By Peroshni Govender and Wendell Roelf. JOHANNESBURG, March 26- South Africa's Eskom said striking workers had destroyed property at the Medupi power plant it is building, the state-owned group closing the site on Thursday to assess the damage. It would become South Africa's first new power station to come online in 20 years and help to address a chronic supply...

  • BBVA puts rescue plan for India's Sahara in doubt Wednesday, 25 Mar 2015 | 7:51 PM ET

    A rescue plan for India's Sahara was thrown into disarray on Wednesday, when Spanish bank BBVA SA denied offering a credit line to the bank.

  • Shadow banking morphs and grows, confounding authority Wednesday, 25 Mar 2015 | 1:31 PM ET

    LONDON, March 25- Authorities are nowhere near to fully understanding "shadow banking" as the $75 trillion sector morphs and grows under the influence of new technology and regulation, a top markets supervisor said on Wednesday. Shadow banking refers to the supply of credit outside traditional banks, such as from private equity investors, money market funds,...

  • *BBVA says has not provided credit line, as Sahara said in court. MADRID/ MUMBAI, March 25- A rescue plan for India's Sahara was thrown into disarray on Wednesday, when Spanish bank BBVA SA denied offering a credit line to the bank, scuppering the conglomerate's claims it would use it to help secure bail for its jailed boss. Sahara, once one of the country's most...

  • The restaurant known as the Chinese Restaurant will remain shut because it does not have a business permit or a valid liquor license and it has not complied with the public health requirements for food handling and testing, a statement from Nairobi Governor Evans Kidero late Tuesday said. On Monday, Kenya's leading newspaper, The Daily Nation, reported that the...

  • *UK acquisitions by foreign buyers total $48 bln year to date. Investors appear relatively unconcerned about the risk of instability after a general election on May 7 or doubts about Britain's future in the European Union. Even excluding a $15 billion bid by Hutchison Whampoa for O2's UK operations, inbound mergers& acquisitions activity so far this year is at...

  • Morocco central bank predicts improved growth for 2015 Tuesday, 24 Mar 2015 | 10:40 AM ET

    RABAT, Morocco— Morocco's central bank predicts the country's economy will grow 5 percent in 2015 amid a string of positive indicators boosted by lower oil prices. Morocco imports most of its energy. Morocco's Islamist-led government has pursued austerity programs since coming to power in 2012, freezing hiring, cutting sensitive fuel subsidies and...

  • DIARY-Emerging Markets Economic Events to April 6 Monday, 23 Mar 2015 | 8:02 PM ET

    MAKATI CITY, Philippines- Asian Development Bank to release Asian Development Outlook Report 2015- 0130 GMT. MANILA- Philippines Investment Forum 2015. Philippines President Benigno S Aquino III, Philippines Finance Secretary Cesar Purisima and Philippines Central Bank Amando M Tetangco Jr are the key speakers. PRAGUE- Czech Republic Finance Minister...

  • NEW YORK, March 23- IRB Brasil RE plans to grow more aggressively in Latin America and Africa as part of an expansion that may require Brazil's largest reinsurer to seek an initial public offering or tap an outside partner before 2018, Chief Executive Officer Leonardo Paixão said on Monday. In Brazil, infrastructure projects from factories to shipbuilding...

  • YASMIN HAMMAMET, Tunisia, March 23- The European visitors strolling Tunisia's Hammamet resort are an encouraging sign for a government determined to minimise the fallout of last week's shooting of 20 tourists in the nearby capital. Japanese, Spanish, Italian and Colombian tourists were among the victims when at least two gunmen opened fire on their buses as...

  • DUBAI, March 23- Houthi fighters and loyalists of Yemen's President Abd-Rabbu Mansour Hadi are locked in a power struggle that diplomats say risks drawing in neighbouring Saudi Arabia and its main regional rival Iran. The political crisis threatens to pit Yemen's two main Islamic sects against each other. Unlike in Syria and Iraq, however, followers of the two...

  • CAIRO, March 23- Libya's official government, operating out of hotels in the east after being driven from the capital, is unlikely to succeed in plans announced last week to divert the country's oil export income away from Tripoli. Both sides field armies of fighters whose salaries are paid with export revenues collected by the National Oil Company, which...