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  • NEW YORK, March 27- Wall Street on Friday closed higher for the first time in a week, lifted by rising tech stocks, while oil prices slumped 5 percent on receding fears about Middle East fighting disrupting supplies. The major U.S. stock indexes snapped a four-day losing streak after the Wall Street Journal reported chipmaker Intel Corp is in talks to buy rival...

  • *Traders weigh possibility of Iran nuclear deal by next week. Tehran eager to recover oil market share lost due to sanctions. NEW YORK, March 27- Oil tumbled 5 percent on Friday, erasing the previous session's gains, as Yemen's conflict looked less likely to disrupt Middle East crude shipments and investors turned their focus to talks for a potential Iran nuclear...

  • *Lead posts 5 pct monthly gain on China demand. LONDON, March 27- Copper tracked losses in oil and fell to its lowest level of the week on Friday as traders waited for comments from the Federal Reserve, but the metal still clocked up its third straight weekly gain helped by mine closures in key producer Chile. Oil fell as fears about the disruption of Middle East crude...

  • March 27- The number of rigs drilling for oil in the United States declined by 12 this week to 813, the smallest decline since December, oil services firm Baker Hughes said in its closely watched survey on Friday. With the decline this week, the number of oil rigs has fallen for a record 16th week in a row to the lowest level since 2011, according to Baker Hughes data...

  • *Success would establish Riyadh as leader of Sunni states. RIYADH, March 27- Saudi Arabia's campaign to stop the Houthis from ruling over Yemen could define its role in the Middle East for years and shape its regional struggle with the rebels' ally Iran. Success would establish Riyadh as de facto leader of the region's Sunni states it has pulled together in a...

  • *Tehran eager to recover lost market share in oil from sanctions. NEW YORK, March 27- Oil fell on Friday as fears about the disruption of Middle East crude shipments from Yemen's conflict eased, and focus turned to the likelihood of an Iranian nuclear deal by next week that could put more supply on the market. Benchmark Brent oil and U.S. crude were down more than 2...

  • NEW YORK— U.S. stocks are mostly higher in midday trading after four straight days of losses. It jumped the day before on worries that conflict in the Middle East would affect the flow of crude from the region. Oil fell $1.36 to $50.06 a barrel in New York.

  • *Gold on track to finish week up around 1.3 percent. *Palladium down 3 percent at 2- month lows. LONDON, March 27- Gold fell on Friday, snapping a seven-day rally as the dollar steadied and investors remained cautious ahead of comments from Federal Reserve Chair Janet Yellen, but the metal still looked set to post its second straight weekly gain.

  • *Crude dips as market reassesses Yemen conflict impact. Trading in many markets was choppy, with oil dropping back after Thursday's spike on Saudi-led air attacks in Yemen and investors awaiting a speech on monetary policy later on Friday by Federal Reserve Chair Janet Yellen. "Yellen will be the big news of the day, certainly, so I don't expect a lot of movement...

  • LONDON, March 27- With signs of a revival in euro zone growth failing to lift government bond yields off historic lows this week, investors have started to fear the ECB's asset-purchase scheme may be inflating a dangerous bubble. Since the European Central Bank launched its trillion euro quantitative easing program early this month, data has broadly beaten...

  • *Middle East tensions eyed for cues. LONDON, March 27- Gold fell on Friday, snapping a seven-day rally as the dollar rebounded after Federal Reserve officials signalled they remained on track to raise rates this year, but the metal still looked set to post its second straight weekly gain. The metal jumped 2 percent on Thursday to its highest since March 2 at...

  • *Ukraine wants bondholders to accept debt writedown. *Entire IMF-led bailout for Ukraine at risk. Moscow bought the bonds from Kiev before a pro-Russian president was forced from power early last year, opening a rift which widened with the annexation of Crimea and a separatist rebellion in eastern Ukraine.

  • LONDON, March 27- Emerging market stocks were trading lower on Friday and set for a weekly loss as a strong dollar lured investors away and worries about stability in the Middle East depressed investor sentiment. The MSCI emerging equities index was 0.4 percent lower while the Asia excluding Japan benchmark eased 0.1 percent. "Oil has again taken centre stage as...

  • *Crude dips as market reassesses conflict in Yemen. Asian shares dropped overnight but the pan-European FTSEurofirst tip-toed higher as a 0.2 percent fall for Britain's FTSE was offset by 0.6 and 0.1 percent gains on Germany's DAX and France's CAC 40.. "I'm not surprised that European shares are fading their gains," said Gavin Friend, a strategist at National...

  • *Yemen sits on Bab el- Mandeb Strait supply chokepoint. LONDON, March 27- Oil prices fell more than $1 a barrel on Friday as worries receded over the threat of disruptions to Middle East supplies due to Saudi Arabia- led air strikes in Yemen. Oil jumped around 5 percent on Thursday, its biggest daily gain in a month, after air strikes in Yemen by Saudi Arabia and its Gulf...

  • Stocks recover their poise ahead of US economic data Friday, 27 Mar 2015 | 2:24 AM ET

    TOKYO— Asian shares were lackluster Friday as the conflict in Yemen ripped through the Middle East and Japanese data showed the world's No. 3 economy is still in the doldrums. KEEPING SCORE: Japan's Nikkei 225 fell 1.3 percent to 19,213.15 and South Korea's Kospi was down 0.3 percent at 2,016.94. MIDDLE EAST: The turmoil in Yemen has erupted into a regional...

  • *China market on track to end the week up about 2 pct. SHANGHAI, March 27- China stocks rose on Friday morning, led by property shares which rose sharply on expectations of increased support, and bolstered by the government raising limits in its qualified investor scheme. The impact of poor economic data released on Friday- showing profits earned by Chinese...

  • *Crude dips after rally as market reassesses conflict in Yemen. TOKYO, March 27- Asian stocks were mixed on Friday as rising tensions in the Middle East obscured the investment outlook, while the dollar rebounded. Crude oil prices were lower due to the dollar's bounce and as the market reassessed the potential impact of the escalating conflict in Yemen, where...

  • *Yemen sits on Bab el- Mandeb Strait supply chokepoint. SINGAPORE, March 27- Oil prices fell more than $1 on Friday, after sharp gains in the previous session, as worries of a disruption to crude supplies due to Saudi Arabia- led air strikes in Yemen eased. Oil jumped around 5 percent on Thursday, the biggest daily gain in a month, as air strikes in Yemen by Saudi Arabia and...

  • *Gold eases as dollar supported by strong US data. SINGAPORE, March 27- Gold eased on Friday as traders booked profits after a seven-day rally and as the dollar rebounded on strong U.S. data, but the metal looked set to post its second straight weekly gain on expectations U.S. interest rates will stay low for longer. Tensions in the Middle East after Saudi Arabia and...