Middle East


  • HONG KONG, Aug 20- Geely Automobile Holdings Ltd on Wednesday posted a 20 percent fall in first half net profit, hit by slowing sales at home as local brands fall out of favor and a drop in exports to major markets in eastern Europe and the Middle East.

  • Aug 20- TV broadcaster Al Jazeera rejected allegations of fraud and breach of contract leveled by Al Gore and Joel Hyatt over their sale of Current TV to the Middle East- based company in 2013..

  • Brent holds near 14-month low on plentiful supply Tuesday, 19 Aug 2014 | 11:32 PM ET

    SINGAPORE, Aug 20- Brent crude futures steadied near 14- month lows above $101 a barrel on Wednesday, with ample supplies putting prices at risk of further losses as worries over geopolitical tensions ease.

  • SINGAPORE, Aug 20- Gold was stuck firmly below $1,300 an ounce on Wednesday and looked likely to extend losses to a fourth session as strong U.S. economic data bolstered stock markets, dimming bullion's appeal as a safe haven. *Spot gold had slipped about 70 cents to $1,294.60 an ounce by 0026 GMT, after dropping 1.3 percent in the last three sessions.

  • TOKYO, Aug 20- U.S. crude oil futures rose closer to $95 in early Wednesday trade, after tumbling close to $2 in the previous session, on a deeper than expected petroleum stock fall and increased tensions in the Middle East.

  • Al Jazeera rejects allegations Current TV deal Tuesday, 19 Aug 2014 | 6:04 PM ET
    Former Vice President Al Gore addresses Climate Reality Leadership trainees, March 13, 2014, in Johannesburg, South Africa.

    Al Jazeera on Tuesday rejected allegations from Al Gore and Joel Hyatt, saying they were false and potentially misleading.

  • Panasonic Corp, Fujitsu Ltd and others, seeking niche business opportunities to offset a downturn in demand for their consumer electronics, are touting automated greenhouses and sensor-controlled fields that ensure constant conditions to produce high-quality vegetables all year-round.

  • SINGAPORE, Aug 20- Previously ranked as Asia's top diesel importer, now No.3 Indonesia is expected to take a third less of the fuel this year as demand from mining falters and biodiesel use in transport and industry grows with a mandate implemented in January.

  • *Apple retakes triple-digit territory, hits $100. NEW YORK, Aug 19- U.S. stocks ended higher for the second straight session on Tuesday, as robust housing data and strong earnings from Dow component Home Depot overshadowed lingering concerns about the conflict in Ukraine.

  • *Wall St boosted by Home Depot results, housing data. NEW YORK, Aug 19- Wall Street got a lift from the U.S. housing sector and extended a global stock markets rally on Tuesday as investors shifted focus from political crises to expectations monetary policy will remain accommodative.

  • NEW YORK, Aug 19- U.S. crude oil lost nearly $2 on Tuesday, falling for a second straight day as a rush of selling ahead of the session close brought the contract to its lowest price since January.

  • *Palladium sinks from Monday's 13- year high. NEW YORK/ LONDON, Aug 19- Gold futures eased on Tuesday, under pressure from buoyant equities markets and a stronger dollar after upbeat U.S. economic data, and palladium sank from Monday's 13- year high as traders booked profits. "Gold obviously didn't like the U.S.

  • NEW YORK, Aug 19- British banking company Standard Chartered Plc will pay a $300 million penalty and suspend or exit some important businesses after failing to weed out risky transactions that could be linked to money laundering.

  • Brent crude oil for delivery in October was up 4 cents at $101.64 a barrel at 12:56 p.m. EDT, after falling to $101.07, the lowest level since June 2013, the same month Brent prices were last below $100 a barrel.

  • *Carillion raises merger offer for third time. LONDON, Aug 19- British construction firm Carillion ramped up the pressure on Balfour Beatty to reopen merger talks on Tuesday, making a third offer which valued the engineering company at 2.1 billion pounds.

  • NEW YORK, Aug 19- Brent crude prices fell to a 14- month low on Tuesday, giving up early gains as recovering Libyan output, sustained Iraqi production and weak demand offset concerns about threats to supply.

  • CAIRO, Aug 19- Egypt's Suez Canal Authority announced on Tuesday that a Bahrain- registered firm is to develop a huge industrial and logistics hub around the canal, but gave no details of the project itself.

  • *Oil price at level seen as favourable by Saudi Arabia. LONDON/ DUBAI, Aug 19- OPEC is not worried about a slide in oil prices towards $100 a barrel, delegates from the producer group said, with current levels seen as acceptable for producers while higher seasonal demand in the coming weeks was expected to support the market.

  • *Palladium hovers below 13- year high of $900 an ounce. Palladium steadied near a 13- year high of $900 an ounce hit in the previous session, supported by worries about supplies from top producer Russia and strong demand prospects.

  • JERUSALEM, Aug 19- Israel launched attacks in the Gaza Strip on Tuesday and recalled its negotiators from truce talks in Cairo after saying three Palestinian rockets had hit southern Israel, hours before a ceasefire was due to expire. A Reuters correspondent saw an Israeli plane fire a missile east of Gaza City.