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  • Iraq to appeal U.S court decision on Kurdish oil Thursday, 28 Aug 2014 | 9:15 AM ET

    However, the court gave Baghdad 10 days to resubmit its case. The United Kalavrvta tanker, carrying about $100 million worth of Kurdish crude, has been anchored in the Gulf of Mexico for weeks, with the Iraqi region of Kurdistan locked in a legal battle over ownership with the central government of Iraq.

  • *Supply rises by 90,000 bpd, led by Libya, Angola. LONDON, Aug 28- OPEC's oil production has risen in August from July, a Reuters survey found on Thursday, as a recovery in Libyan supply held up and Angola and Iran boosted supplies, outweighing a further decline in Iraq.

  • ANKARA, Aug 28- Tayyip Erdogan was sworn in as Turkey's 12th president on Thursday, cementing his position as its most powerful leader of recent times, in what his opponents fear heralds an increasingly authoritarian rule.

  • EU struggles with dearth of women in top jobs Thursday, 28 Aug 2014 | 5:41 AM ET

    BRUSSELS— Don't be fooled by Angela Merkel. "If you look at the family picture of these European summits for the past few years, there always is this blot of grey men in lookalike suits and the color of only a few women," said European political science Professor Hendrik Vos of Ghent University.

  • ANKARA, Aug 28- Tayyip Erdogan will cement his position as modern Turkey's most powerful leader when he is sworn in as president on Thursday, advancing his drive to reshape the country but heralding what critics fear will be an increasingly authoritarian rule.

  • Dubai port operator H1 profits up 26 percent Thursday, 28 Aug 2014 | 3:55 AM ET

    DUBAI, United Arab Emirates— Dubai- based port operator DP World said Thursday its profit rose 26 percent in the first half of the year as it was able to process more cargo thanks to new capacity and a pick-up in global trade. DP World ranks among the largest port operators, with a heavy emphasis on fast-growing markets in the developing world.

  • UPDATE 1-Brent hovers below $103 as ample supply weighs Thursday, 28 Aug 2014 | 1:43 AM ET

    *Fire hits BP's largest U.S. refinery. *Hope fades for Ukraine- Russia ceasefire deal. SINGAPORE, Aug 28- Brent futures dipped on Thursday, but still held between $102 and $103 a barrel, as ample supply and a refinery fire in the United States that could reduce crude demand weighed on prices.

  • Brent hovers below $103 as ample supply weighs Wednesday, 27 Aug 2014 | 10:49 PM ET

    *Hopes of Ukraine- Russia ceasefire deal dim. SINGAPORE, Aug 28- Brent crude dipped on Thursday, but still held between $102 and $103 a barrel, as expectations of ample supply weighed on prices. October Brent crude has been unable to break through the $102- $103 range this week, just off a 14- month low hit last week.

  • CORRECTED-Berlin bans car service Uber Wednesday, 27 Aug 2014 | 10:03 AM ET

    BERLIN, Aug 14- Berlin has banned car service Uber, which allows users to summon a ride on their smartphone, for not offering drivers and vehicles licensed to carry passengers, or full insurance cover, the German capital said.

  • JERUSALEM, Aug 27- The Bank of Israel warned the government on Wednesday that the budget deficit would reach at least 3.5 percent of gross domestic product in 2015 if taxes aren't raised and state spending is not reduced.

  • Spanish chain pulls kids' shirt after outcry Wednesday, 27 Aug 2014 | 9:22 AM ET

    MADRID— Spanish fashion retailer Inditex said Wednesday it has withdrawn a children's shirt that triggered an outcry from people who said it was reminiscent of the clothes Jews were made to wear at Nazi concentration camps.

  • Regulators decided on Aug. 3 to put its healthy assets into a new entity, Novo Banco, and leave family borrowings, shareholders and junior creditors behind in BES.

  • FOREX-Euro falls widely on ECB easing speculation Wednesday, 27 Aug 2014 | 8:45 AM ET

    *Euro hits lowest since January 2013 against Swiss franc. LONDON, Aug 27- The euro fell broadly on Wednesday, hitting a 19- month low against the Swiss franc, as speculation that the European Central Bank will resort to quantitative easing was fuelled by yet more bad news from the euro zone.

  • Medtronic spends $350M on another European deal Wednesday, 27 Aug 2014 | 8:38 AM ET

    U.S. medical device maker Medtronic is building stronger ties to Europe, a couple months after announcing a $42.9 billion acquisition that involves moving its main executive offices across the Atlantic, where it can get a better tax deal.

  • BEIRUT, Aug 27- Islamic State militants have executed Syrian army soldiers and are holding a group hostage after capturing an air base in northeast Syria at the weekend, pictures posted on social media by supporters showed on Wednesday.

  • Journalist killing highlights role of freelancers Wednesday, 27 Aug 2014 | 4:47 AM ET

    WASHINGTON— Journalists James Foley, Steven Sotloff and Peter Theo Curtis all shared one thing in common when they were captured by Islamic militants in Syria, the title "freelance journalist."

  • BEIRUT, Aug 27- Islamic State militants have executed Syrian army soldiers and are holding a group of them hostage after capturing an air base in northeast Syria at the weekend, pictures posted on the Internet and on Twitter by supporters showed on Wednesday.

  • HOUSTON, Aug 26- A tanker loaded with $100 million of Kurdish crude oil cannot be delivered in Texas soon because of risks for buyers as Iraq mulls further legal challenges, so a month-long standoff will drag on, a source close to the matter said on Tuesday.

  • HOUSTON, Aug 26- A tanker loaded with $100 million of Kurdish crude oil cannot be delivered in Texas soon because of risks for buyers as Iraq mulls further legal challenges, so a month-long standoff will drag on, a source close to the matter said on Tuesday.

  • The court did not settle the broader dispute over who owns the crude, but would-be buyers of the cargo would face lawsuits from Iraq, which says it has the sole right to export the oil, not the Kurdistan Regional Government. Baghdad and the KRG have been locked in litigation, both in the United States and Iraq, over who can sell the crude.