GO
Loading...

Middle East

More

  • *Exports to EU, China fall; sales to U.S. rise. SEOUL, March 1- South Korean exports last month suffered their worst fall in two years on weaker sales to Europe and China, lower oil prices and long holidays, but the government said global demand showed some signs of recovery. Exports in February fell 3.4 percent from a year earlier to $41.46 billion, while imports...

  • SANAA, Yemen— A suspected U.S. drone strike Saturday in central Yemen killed three men believed to be al-Qaida militants, security officials said. The U.S. has launched several strikes in recent weeks, reflecting Washington's resolve to keep fighting the militants despite Yemen's political paralysis. Meanwhile Saturday, the Shiite rebels who control Yemen's...

  • Pence: 'Dramatically increase' defense spending Friday, 27 Feb 2015 | 9:49 PM ET

    OXON HILL, Md.— Indiana Gov. The Republican state executive, who is considering a 2016 presidential bid, told conservatives that the next race for the White House would likely center on foreign policy for the first time in more than three decades. "With everything happening in the world, it is imperative, my fellow conservatives, that conservatives again embrace...

  • CHICAGO, Feb 27- Just a week into the Chinese "Year of the Goat," chefs in New York are sharpening their knives and diners are preparing to drool over bowls of braised goat shoulder tortellini in a smoked broth and plates of rosemary-goat cheese ice cream. The homage dinner menu to the bleating ruminant at Craft Restaurant in New York on Friday night is just the tip of...

  • In a major boardroom reshuffle that signalled the end of an era at the Asia- focused bank, Standard Chartered said Thursday that Winters would take over in June, initially prompting a giddy reaction among investors, analysts and some staff. "There's a mood of borderline euphoria and excitement today... after six grim months where the sense of passion and urgency...

  • POLL-Oil market may have bottomed out - Reuters poll Friday, 27 Feb 2015 | 6:00 AM ET

    *Brent seen averaging $59 a barrel, U.S. crude $54.50 in 2015. But the market ought to see sustained rallies later this year, bringing North Sea Brent crude futures to an average of $59 a barrel in 2015 and to $71.80 in 2016.. Brent crashed from a high above $115 a barrel last June to almost $45 last month and has since regained ground to trade at or slightly above $60 this...

  • GRAPHIC: Brent-WTI spread: http://link.reuters.com/tes24w SINGAPORE, Feb 27- U.S. shale oil is deepening the discount of U.S. crude prices to global benchmarks, with the price gap turning into the de facto indicator of the health of American shale supply, a shale spread of sorts. The surging U.S. production and inventories point to an "oversupplied market which is...

  • Asian imports of Iranian crude fall nearly 22 pct Friday, 27 Feb 2015 | 3:47 AM ET

    *Iran sales to Asia below 1 mln bpd in Jan, first time since Oct. *Cautious optimism on Iran's nuclear deal with West. Imports by Iran's four biggest buyers- China, India, Japan and South Korea- averaged 982,525 bpd last month, the first time the level had dropped below the 1 million bpd mark since October last year, government and trade data showed.

  • SIEM REAP, Cambodia— Cambodia's most popular tourist attraction— the complex of ancient temples that includes Angkor Wat— is suffering from a form of overexposure: At least five foreign visitors have been arrested and deported this year for taking nude photos at the sacred sites. "Angkor Wat is the most famous sacred... temple in Cambodia, where everyone— not only...

  • BANGKOK, Feb 27- Thai factory output fell for a 22nd straight month in January, providing further evidence that the economy continues to struggle. Nine months after the army seized power to end political unrest, the military government has been unable to get Thailand's two major growth engines- exports and domestic demand- into a higher gear.

  • LAUNCESTON, Australia, Feb 27- The market chatter over forming a giant Chinese oil major through merging PetroChina and Sinopec has ramped up again recently, but the motivations for such a deal struggle to stand up to scrutiny. The Chinese authorities are mulling joining China National Petroleum Corp, the parent of PetroChina, and China Petrochemical Corp, the...

  • Call them Islamic extremists Thursday, 26 Feb 2015 | 2:34 PM ET
    In this image made from video posted on a social media account affiliated with the Islamic State group on Thursday, Feb. 26, 2015, which has been verified and is consistent with other AP reporting, militants attack ancient artifacts with sledgehammers in the Ninevah Museum in Mosul, Iraq.

    The US needs to stop tiptoeing around religious sensitivity when it comes to terrorist acts in the name of Islam, says David Phillips.

  • Journalist to face court after Paris drone incident Thursday, 26 Feb 2015 | 10:21 AM ET

    PARIS— An Al-Jazeera journalist will face court for illegally flying a drone in Paris, amid a spate of drone flyovers that have confounded French authorities amid heightened security concerns. The Paris prosecutor's office says three journalists for Qatar- based broadcaster Al-Jazeera were released Thursday, a day after they were detained.

  • Mobileye tops Street 4Q forecasts Thursday, 26 Feb 2015 | 10:01 AM ET

    JERUSALEM _ Mobileye NV on Thursday reported fourth-quarter net income of $2.4 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share. Mobileye shares have dropped almost 9 percent since the beginning of the year.

  • Feb 26- Google Inc has combined its two European regional divisions as it seeks to meet the challenges of tougher regulation across the continent, a source close to the company said on Thursday. In response, Google has argued that for Europe to remain competitive in global markets, it needs to form a single digital market instead of relying on national...

  • *RBS to cut investment bank assets by over 60 pct. *Howard Davies confirmed as chairman. LONDON, Feb 26- Royal Bank of Scotland will drastically shrink its investment banking operations, pulling out of 25 countries across Europe, Asia and the Middle East and allowing the state-controlled lender to refocus on local lending in Britain.

  • Feb 25- Ford Motor Co said on Thursday it began production of the 2015 Ford Edge at its Oakville Assembly plant in Canada for export to more than 100 countries. The Ford Edge will be exported to Asia, Africa and the Middle East from North America and South America. The company said it invested C $700 million to retool and expand the plant in Oakville, Ontario.

  • U.S. Treasury presses Qatar on terror finance Wednesday, 25 Feb 2015 | 4:28 PM ET

    Treasury Secretary Jack Lew met with the emir of Qatar and emphasized the importance of fighting "terror financing," amid suspicions that money from one of the key U.S. The emir of Qatar had previously met with U.S. Qatar is part of the U.S.-led coalition fighting the extremist group, which controls a wide swath of territory in Syria and Iraq.

  • SAO PAULO/ NEW YORK, Feb 25- Petróleo Brasileiro SA has hired JPMorgan Chase& Co to handle $3 billion in planned asset sales this year, as fallout from a corruption scandal has shut access to financing for Brazil's state-controlled oil producer, two sources with direct knowledge of the situation said on Wednesday. JPMorgan will be tasked with luring the largest...

  • PARIS, Feb 25- The head of Dubai's Emirates has hit back at U.S. airlines in an increasingly bitter subsidy spat and urged Washington to block their calls to renegotiate Open Skies agreements. He was responding to allegations of trade-distorting Gulf subsidies made by the three largest U.S. airlines, Delta Air Lines, American Airlines and United Airlines.