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  • SINGAPORE, March 6- Brent crude rose to trade near $61 a barrel on Friday as geopolitical tensions in Libya and Iraq stoked supply worries, while traders eyed U.S. rig counts and the outcome of Iran nuclear talks for further trading cues. Fighting has escalated in northeast Iraq where the Islamic State militants have lit up oil wells to deter Shi'ite militiamen...

  • The United Arab Emirates has pumped billions of dollars into Egypt and is lining up investors to try to stabilize its damaged economy, while building military cooperation. In their deepening relationship, an economically exhausted Egypt benefits from the UAE's finances, and the U.S.-allied Emirates gets a heavyweight with extensive manpower on its side in...

  • SINGAPORE, March 6- Brent crude rose above $61 a barrel on Friday amid geopolitical tensions in Libya and Iraq, while traders eyed U.S. rig counts and the outcome of Iran nuclear talks for further trading cues. Fighting has escalated in northeast Iraq where the Islamic State militants have lit up oil wells to deter Shi'ite militiamen and Iraqi soldiers from...

  • Brent climbs above $61 on Mideast supply concerns Thursday, 5 Mar 2015 | 10:37 PM ET

    SINGAPORE, March 6- Brent crude rose above $61 a barrel on Friday, supported by geopolitical tensions in Libya and Iraq, while traders eyed the outcome of Iran nuclear talks for further trading cues. Fighting has escalated in northeast Iraq where the Islamic State militants have lit up oil wells to deter Shi'ite militiamen and Iraqi soldiers from advancing.

  • SINGAPORE, March 6- U.S. crude nudged up to hover around $51 a barrel on Friday, set to post the first weekly gain in three, as geopolitical tensions in the Middle East supported oil. *U.S. crude rose 26 cents to $51.02 a barrel by 0006 GMT, on track for a more than 2 percent gain this week. *Libya's warring factions held United Nations- backed talks on Thursday after...

  • UNITED NATIONS, March 5- Iran's foreign minister on Thursday suggested that a 10- year moratorium on some aspects of the country's nuclear program might be acceptable to Tehran, though he declined to discuss the issue in detail. President Barack Obama told Reuters on Monday that Iran must commit to a verifiable freeze of at least 10 years on sensitive nuclear...

  • *Supply concerns in Libya, Iraq initially boost prices. NEW YORK, March 5- Oil closed lower on Thursday in volatile trade, as a soaring dollar and the U.S. pursuit of an Iranian nuclear deal offset earlier gains from supply concerns in Libya and Iraq. Washington's pursuit of a nuclear agreement with Tehran, which could end sanctions against Iran and bring more oil...

  • UNITED NATIONS, March 5- Iran's foreign minister on Thursday suggested that a 10- year moratorium on some aspects of the country's nuclear program might be acceptable to Tehran, though he declined to discuss the issue in detail. President Barack Obama told Reuters on Monday that Iran must commit to a verifiable freeze of at least 10 years on sensitive nuclear...

  • CAIRO— Egypt plans to offer some 50 projects valued at up to $35 billion at an international investment conference later this month, officials said Thursday, as the country looks to revive an economy battered by four years of unrest. His government has been propped up by Gulf allies, who have given Egypt over $20 billion in aid since 2013, when the military removed...

  • *Bottom pickers support prices up already on Libya, Iraq worries. *Washington presses ahead with nuclear deal for Iran. Concerns about deteriorating oil supplies from Libya and Iraq boosted crude prices even before the New York session.

  • *Libya has declared force majeure on 11 oilfields. LONDON, March 5- Brent crude futures pared early gains on Thursday to hover just under $61 as the euro slipped to an 11- year low against the dollar, offsetting concerns about tensions in Iraq and Libya. Brent and WTI rose earlier on Thursday due to concerns about oil supplies from Libya and Iraq.

  • LONDON, March 5- Fraudsters are slick and smooth when they request new bank accounts or credit cards-- a characteristic an Israeli company wants to use against them. Banks and other financial firms are coming under sustained attacks from increasingly sophisticated cyber criminals, forcing them to spend more money and resources trying to fight hackers.

  • FUJAIRAH, United Arab Emirates, March 5- Vopak, the world's largest independent storage tank operator, is expanding its chemical product storage capacity in Saudi Arabia, a senior executive told Reuters on Thursday. Vopak, which offers oil, chemical and biofuels storage in the world's top bunkering hubs Singapore and Rotterdam, as well as on the east coast of the...

  • *Lack of deal in Iran nuclear talks support crude oil. LONDON, March 5- The euro hit an 11 1/ 2- year low against the dollar and European stocks nudged higher on Thursday, as the European Central Bank prepared to lay out the details of its impending 1 trillion-euro stimulus plan. The common currency fell as low as $1.1026, its lowest since September 2003, and the region's...

  • *Libya has declared force majeure on 11 oilfields. LONDON, March 5- Brent crude future prices rose above $61 a barrel on Thursday, as investors brushed aside bearish U.S. inventories data to focus on tensions in Iraq and Libya. It seems to be that the market does seem to be paying a little bit of attention to geopolitical factors, namely Iraq and Libya, "said Virendra...

  • TRIPOLI, Libya— Libya's state-run oil corporation has declared 11 oil fields in the country non-operational after attacks by suspected Islamic State militants, opting for a force majeure clause that exempts the state from contractual obligations. The National Oil Corporation blamed authorities in the Libyan-capital of Tripoli, set up by Islamist-backed...

  • UK FINANCIAL REGULATOR SAYS FINES BANK OF BEIRUT UK LTD 2.1 MILLION POUNDS AFTER IT MISLED REGULATOR.

  • BERLIN, March 5- Emirates has had extensive discussions with Airbus about the production of a revamped version of the A380 super jumbo with more efficient engines, the airline's president said on Thursday. Its first 90 A380 aircraft are supplied with engines from Engine Alliance, a joint venture between General Electric and Pratt& Whitney.

  • LONDON, March 5- Brent crude future prices rose above $61 a barrel on Thursday, as investors brushed aside bearish U.S. inventories data to focus on the lack of a deal in talks over Iran's nuclear programme. Tehran's ambassador to the International Atomic Energy Agency said on Wednesday no deal had been reached on the duration of any possible final agreement with...

  • South African Airways refunds customers after bungle Thursday, 5 Mar 2015 | 4:59 AM ET

    JOHANNESBURG— It looked like a steal: $72 for a round-trip business class ticket on South African Airways between Johannesburg and Abu Dhabi. A regular ticket on the same route in business class sells for about $3,400, South African Airways said. "We appreciate the fact that customers would under normal circumstances take advantage of bargains and good travel...