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  • *Saudi-led alliance bombs Yemen's Sanaa airport runway. "Tensions are so high in that region with the impending Iran-U.S. nuclear deal that any event implied to be U.S.-linked has an immediate effect on oil prices," said John Kilduff, partner at New York energy hedge fund Again Capital. Tensions were also fueled as jets from a Saudi-led alliance bombed the runway...

  • *U.S. shares helped by Merck earnings, IBM dividend hike. NEW YORK, April 28- U.S. shares rebounded in afternoon trading on Tuesday, boosted by strong earnings from Merck and a dividend hike by IBM, while oil prices pared gains on expectations that U.S. crude stockpiles have reached record highs. IBM shares rose 1.8 percent, the biggest positive influence on the Dow,...

  • *Iran seizes ship, initially reported to be a U.S. vessel. NEW YORK, April 28- Oil prices rose on Tuesday after reports that Iran had seized a cargo vessel, described initially by Iranian and Saudi media as a U.S. ship, raised geopolitical tensions and concerns about the security of Middle East crude shipments. Iranian forces boarded the Marshall Islands- flagged MV...

  • *Iran seizes ship, initially reported to be a U.S. vessel. NEW YORK, April 28- Oil prices rallied briefly on Tuesday after reports that Iran had seized a cargo vessel, described initially by Iranian and Saudi media as a U.S. ship, raised geopolitical tensions and concerns about the security of Middle East crude shipments. Iranian forces boarded a Marshall Islands-...

  • UPDATE 7-Oil rises after Iran seizure of U.S. vessel Tuesday, 28 Apr 2015 | 10:38 AM ET

    *Iran seizes U.S. cargo vessel, directs it to local port. NEW YORK, April 28- Oil prices turned positive on Tuesday after reports that Iran had seized an U.S. cargo vessel raised geopolitical tensions and concerns about the security of Middle East crude shipments, traders said. Futures of U.K. North Sea Brent, the more widely-used global benchmark, were up 55 cents at...

  • LONDON, April 28- Ivory Coast will sell its debut Islamic bond in the next two to three months, and is assessing whether to make sukuk issues a regular part of fund raising, its minister for economy and finance said on Tuesday. In April, the Islamic Corporation for the Development of the Private Sector- an arm of the Jeddah- based Islamic Development Bank- said it would...

  • Radcom posts 1Q profit Tuesday, 28 Apr 2015 | 8:54 AM ET

    TEL AVIV, Israel _ Radcom Ltd. on Tuesday reported first-quarter earnings of $437,000. On a per-share basis, the Tel Aviv, Israel- based company said it had net income of 5 cents. Radcom shares have decreased 21 percent since the beginning of the year.

  • *GFMS holds gold price forecast at $1,170/ oz in 2015. China, which in recent years has vied with India to be the world's largest gold consumer, typically sees strong demand in the first quarter during its Lunar New Year festivities. Indian jewellery consumption rose 2 percent in the first quarter, but weakness in China, Turkey, North America and the Middle East led to...

  • But the Dearborn automaker says the picture should improve as the year progresses, and it's still aiming for a full-year pretax profit of $8.5 to $9.5 billion, up from $6.3 billion in 2014.. First-quarter earnings of 23 cents per share compared with earnings of 25 cents per share in the same quarter a year ago. Revenue fell by 5 percent, or $2 billion, to $33.9 billion.

  • DIARY- Emerging Markets Economic Events to May 11 Monday, 27 Apr 2015 | 2:32 PM ET

    SINGAPORE- Monetary Authority of Singapore releases its macroeconomic review- 0400 GMT. SEOUL- Bank of Korea will release minutes from its April policy rate meeting- 0700 GMT. BUCHAREST- National bank of Romania Governor Mugur Isarescu to attend financial seminar.

  • Japan's Inpex wins stake in major UAE oil fields Monday, 27 Apr 2015 | 11:37 AM ET

    DUBAI, United Arab Emirates— Japan's Inpex Corp. on Monday won a stake in the development of major oil fields in the oil-rich emirate of Abu Dhabi, deepening the Asian nation's ties to the United Arab Emirates federation. The Abu Dhabi National Oil Co. said the deal gives Inpex's Japan Oil Development Co. Ltd. Division a 5- percent stake in the onshore concession...

  • OTA, Japan, April 27- For Naren Mahat, a 27- year-old Nepali living in Japan, there was a long and painful wait on Saturday between news of a devastating earthquake and, finally, word from family members cut off by bad phone lines and repeated aftershocks. Thousands of others work in other Asian countries including Malaysia, South Korea and Japan, where they are...

  • JERUSALEM, April 27- The Bank of Israel kept its benchmark interest rate at 0.1 percent for a second straight month on Monday, saying it expected prices to pick up after a recent bout of deflation. "Short-term inflation expectations from various sources are near the lower bound of the inflation target range, or slightly below it," the Bank of Israel said in a...

  • DUBAI, United Arab Emirates— Well-heeled Middle Eastern fans of Italian jewelry and watch maker Bulgari will soon be able to surround themselves in the luxury brand at all hours of the day. The Rome- based jeweler and Dubai property developer Meraas on Monday announced plans for 188 Bulgari- branded homes in the glitz-loving Gulf city. Started by a Greek...

  • *Yemen faces mounting humanitarian crisis. LONDON, April 27- Yemen is facing mounting problems bringing in food by sea as the danger from fighting between Houthis and government supporters is exacerbated by an arms blockade by Saudi-led coalition navies searching ships for weapons destined for the rebels. The Arabian peninsula's poorest country, Yemen...

  • DUBAI, April 27- One of the United Arab Emirates' most prominent businessmen is leading calls for regulations across the Gulf Arab region to smooth the transfer of ownership of family businesses after the death of the founder. Ghurair, the billionaire chief executive of Dubai- based lender Mashreq and chairman of conglomerate Al Ghurair Investment, among his...

  • *U.S. rig count drops to lowest since 2010- Baker Hughes. Brent fell 20 cents to $65.08 a barrel by 1145 GMT, having touched $65.61 earlier in the session. Fighting in Yemen raged on as Saudi Arabia continued its air strikes against Houthi militia forces in Aden.

  • TOKYO/ ABU DHABI, April 27- Japan's Inpex Corp became the first Asian oil company to get a stake in a new 40- year onshore oil concession in Abu Dhabi, joining France's Total in developing the United Arab Emirates' biggest oilfields. Abu Dhabi National Oil Company said on Monday it had granted Inpex a 5 percent stake in the new concession. The Inpex concession gives...

  • *U.S. rig count drops to lowest since 2010- Baker Hughes. LONDON, April 27- Brent crude reversed early gains to fall below $65 on Monday as the dollar strengthened, offsetting signs that U.S. shale output may have started to decline and concerns that fighting in Yemen could disrupt Middle East supplies. Brent fell 47 cents to $64.81 a barrel by 0936 GMT, having touched...

  • *U.S. rig count drops to lowest since 2010- Baker Hughes. LONDON, April 27- Brent crude prices steadied above $65 a barrel on Monday, supported by signs that U.S. shale output may have started to decline and concerns that fighting in Yemen could disrupt Middle East supplies. Fighting in Yemen raged on as Saudi Arabia continued its air strikes against Houthi militia...