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  • *Equities fall on confirmed case of Ebola in New York. *Commerzbank cuts price forecast on bearish OPEC signals. LONDON, Oct 24- Brent crude fell below $86 a barrel on Friday on news of strong supply from Middle Eastern OPEC producers and as a confirmed case of Ebola in New York spooked global equities markets.

  • Iraq's oil exports rising in October despite unrest Friday, 24 Oct 2014 | 6:43 AM ET

    LONDON, Oct 24- Iraq's oil exports from its southern terminals are holding close to a record high in October and Kurdish shipments are climbing, a further sign that fighting has not derailed an expansion of supplies from OPEC's second-largest producer. Four months after an advance by Islamic State into northern Iraq sent oil prices soaring to $115 a barrel, the...

  • Ericsson profit down 10 pct despite higher sales Friday, 24 Oct 2014 | 5:20 AM ET

    STOCKHOLM— Wireless equipment maker Ericsson says its third-quarter earnings slumped 10 percent despite higher sales due to increased operating costs and negative effects from currency hedging. Ericsson said Friday net profit dropped to 2.65 billion kronor, from 2.92 billion kronor in the same period last year. Ericsson shares were down 1.5 percent at...

  • DIARY - Emerging Markets Economic Events to Nov 4 Thursday, 23 Oct 2014 | 8:02 PM ET

    Oct 24- For other related diaries, please. COLOMBO- Sri Lankan President and Finance Minister Mahinda Rajapaksa presents 2015 budget in the parliament. SEOUL- South Korea's Central Bank Governor Lee Ju- yeol and Finance Minister Choi Kyung- hwan will appear before lawmakers.

  • Oct 23- Caterpillar Inc shares jumped more than 5 percent on Thursday after it reported a stronger-than-expected quarterly profit and raised its 2014 outlook, citing strong demand from the North American energy and construction industries. Since then, Caterpillar has focused on cutting production costs and boosting margins, a process that has involved...

  • WASHINGTON, Oct 23- The Obama administration on Thursday threatened to slap sanctions on anyone buying oil from Islamic State militants in an effort to disrupt what it said was a $1- million- a-day funding source. Islamic State has seized large swaths of Iraq and Syria in a brutal campaign, and could pose a threat to the United States and its allies if it is not...

  • DUBAI, Oct 23- Saudi Arabia supplied less crude oil to the market in September than a month earlier, an industry source said on Thursday, at a time when some OPEC members are calling on the top oil exporter to cut back output to lift prices. Crude supplies from the OPEC heavyweight fell by some 328,000 barrels per day, to 9.36 million bpd in September, from 9.688 million...

  • *Dubai's retail investors return to the market. *Dana Gas jumps after collecting some cash in Egypt, Iraq. Dubai's index rose 0.6 percent on the back of lenders Emirates NBD and Dubai Islamic Bank, both of which reported strong profit growth and beat analysts' estimates on Wednesday.

  • Enticing low rates, but impact could be limited Thursday, 23 Oct 2014 | 10:07 AM ET

    WASHINGTON— With mortgage rates sliding for a fifth straight week, the possibility of locking in a rate below 4 percent is tempting for consumers and could unleash a wave of refinancing. This week the average rate on the 30- year loan fell to 3.92 percent, mortgage company Freddie Mac reported Thursday. Applications for "re-fi's" jumped 23 percent in the week ended...

  • *Israel 10- year yield 2.09 pct vs 2.25 pct for U.S. equivalent. *Israel debt market has 500 bln shekels in government bonds. Israel has about 500 billion shekels of government bonds outstanding, up from below 400 billion in 2010..

  • *Airbus seen aiming for' A380neo' debut 2022-23. BERLIN/ PARIS, Oct 23- The case for developing new engines for a sales-boosting upgrade to Airbus's A380 passenger jet has been called into question by a partner in one of the planemaker's engine suppliers. A lean sales patch has increased pressure on Airbus to bow to the demands of its biggest customer- Dubai's...

  • BG seeks revival of Egypt LNG business with BP deal Thursday, 23 Oct 2014 | 8:08 AM ET

    *BG hopes a deal could lift Egypt operations in 2015/ 16. MILAN/ LONDON, Oct 23- British energy company BG Group is in talks with BP to link their two gas developments off Egypt's coast, as part of BG's drive to breathe life into its gas-starved export plant, sources familiar with the matter said. BG is in advanced talks with Israel to import gas supplies into Egypt and...

  • COLUMN-History of controls on U.S. oil exports: Kemp Thursday, 23 Oct 2014 | 7:21 AM ET

    LONDON, Oct 23- On Oct. 20, 1973, King Faisal of Saudi Arabia imposed a total embargo on oil shipments to the United States among other countries in response to their support for Israel during the Arab-Israeli war. Following the U.S. mid-term elections next month, Congress will take up the issue again, a debate that would benefit from an understanding of the history...

  • Gaza rebuilding slowed by trickle of aid, rivalry Thursday, 23 Oct 2014 | 7:09 AM ET

    The program was launched with high expectations at an international conference in Cairo on Oct. 12, but has run into obstacles, including wrangling between the rival Palestinian factions Hamas and Fatah for control in Gaza and what officials say has been a trickle of promised aid. Getting cement, steel and gravel from Israel into Gaza is a major challenge...

  • Check Point tops Street 3Q forecasts Thursday, 23 Oct 2014 | 5:09 AM ET

    TEL AVIV, Israel _ Check Point Software Technologies Ltd. on Thursday reported net income of $161 million in its third quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 90 cents per share. Analysts expected $366.1 million, according to Zacks.

  • *Gulf airlines using Italy as base for expansion. Italy is Europe's fourth largest travel market, one of the world's top tourist destinations and its thriving fashion and leather industry underpin demand for business travel. That is taking passengers away from Germany's Lufthansa, British Airways and Air France-KLM in Europe, and Delta Air Lines and American...

  • Dubai cuts profile as Mideast plastic surgery hub Thursday, 23 Oct 2014 | 3:03 AM ET

    DUBAI, United Arab Emirates— Dubai, the emirate known for its celebration of over-the-top glamour and luxury, is racing ahead to dominate the Middle East's plastic surgery market with plans to attract half a million medical tourists in six years. Where cosmopolitan Beirut was once the region's best known city for going under the knife, turmoil in Syria and...

  • Arab Idol winner wants to give back to Gaza Thursday, 23 Oct 2014 | 12:18 AM ET

    Until recently, the territory was ruled by the Islamic militant group Hamas which has ceded some control. Since the Hamas takeover of Gaza in 2007, residents of the crowded territory have endured an Israeli-Egyptian border blockade and three wars between Israel and Hamas. "Both times, I found Gazans to be very sad, but this time I see much more sadness," he said,...

  • US needs to be more proactive on ISIS Wednesday, 22 Oct 2014 | 4:28 PM ET
    President Barack Obama delivers a prime time address from the Cross Hall of the White House on September 10, 2014 in Washington, DC.  Vowing to target the Islamic State with air strikes "wherever they exist".

    The US has only jumped into ISIS battles at the last minute to avert disaster. It's time to get ahead, says David Phillips.

  • General Dynamics Corp shares were up 3 percent at $127.60 in early afternoon after the maker of tanks, ships and business jets reported that quarterly net profit rose 6.4 percent to $694 million, or $2.05 per share, and raised its earnings forecast by 25 cents a share. Northrop posted a 5 percent drop in net earnings to $473 million, or $2.26 per share, from $497...