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  • Weaker rouble brings Russian wheat back to export markets Thursday, 30 Oct 2014 | 12:15 PM ET

    *Russia sells wheat to Egypt after export lull. Russia's international grain revenue is modest compared with its top foreign earner, energy, and the exportable surplus of wheat is running low. GASC, the state buyer of Egypt, the world's top wheat importer, said last week that it had bought Russian wheat at $256.43 per tonne on a cost and freight basis for shipment...

  • Reporter's family urges Iran to release him Thursday, 30 Oct 2014 | 10:28 AM ET

    DUBAI, United Arab Emirates— The family of an Iranian-American correspondent for the Washington Post who has been jailed in Iran since July is urging authorities to release him, saying on Thursday that his continued incarceration without charge is a "farce." Jason Rezaian, 38, holds American and Iranian citizenship and has reported from Tehran for the Post...

  • LONDON, Oct 30- Royal Dutch Shell has outpaced peers with a forecast-beating rise in quarterly profit and said it would spend heavily next year on key projects, even as oil majors prepare to weather the full impact of a sharp drop in oil prices. Oil prices have slumped over the past four months by more than 20 percent to a four-year low near $85 a barrel due to slowing...

  • LONDON, Oct 30- Royal Dutch Shell quarterly profit rose by almost a third, beating forecasts and adding to what has been a robust three months for European oil majors, who have yet to feel the full impact of a sharp drop in oil prices. Europe's biggest oil company by market value also said it had appointed former banker Charles Holliday as its chairman.

  • Shell: oil drop yet to have full impact on profits Thursday, 30 Oct 2014 | 3:53 AM ET

    AMSTERDAM— Shell, Europe's largest oil producer, reported a dip in third quarter profit on Thursday, but said it has yet to feel the full impact of the recent slide in oil prices. As the company reported a 4.5 percent dip in third-quarter net profit, to $4.46 billion, Chief Financial Officer Simon Henry warned that the period's figures reflect only a third of the oil...

  • HONG KONG, Oct 30- Even as China quickly expands the use of its currency to financial hubs in Asia and Europe this year, bankers are already looking to Canada and Middle East as the next growing regions for their offshore yuan buinsess. "There is big potential in the Middle East and Canada in terms of where's next for offshore yuan development, and the needs there are...

  • HONG KONG, Oct 30- Even as China quickly expands the use of its currency to financial hubs in Asia and Europe this year, bankers are already looking to Canada and Middle East as the next growing regions for their offshore yuan buinsess. "There is big potential in the Middle East and Canada in terms of where's next for offshore yuan development, and the needs there are...

  • Islamic State militants have seized oilfields and refineries in north Iraq and have been exporting oil through smuggling networks to help finance their campaign, along with ransom, extortion and other criminal activities. "It is of critical importance to the United States, the international community and to Kurdistan itself to see an increased effort to...

  • JERUSALEM, Oct 29- Bank Leumi, Israel's second-largest lender, said a settlement with U.S. authorities over possible tax evasion by the bank's American clients could be far higher than previously estimated while also rejecting an offer from New York State. The bank has been negotiating with the authorities for months and had said it was close to a deal to pay 950...

  • SodaStream to move its West Bank factory in 2015 Wednesday, 29 Oct 2014 | 10:34 AM ET

    JERUSALEM— Israeli drink maker SodaStream International Ltd. said Wednesday it will close a West Bank factory that has been targeted by boycott activists and move the facility to a location inside Israel. SodaStream representative Nirit Hurwitz said that the decision to move the factory to Lehavim in Israel's southern Negev region was for "purely...

  • Compugen posts 3Q loss Wednesday, 29 Oct 2014 | 10:07 AM ET

    TEL AVIV, Israel _ Compugen Ltd. on Wednesday reported a loss of $5.4 million, or 11 cents per share, in its third quarter. The company, based in Tel Aviv, Israel, posted revenue of $1.7 million in the period. Compugen shares have fallen 11 percent since the beginning of the year.

  • SodaStream misses Street 3Q forecasts Wednesday, 29 Oct 2014 | 10:07 AM ET

    NEW YORK— SodaStream slashed its guidance Wednesday, citing difficult business conditions in the U.S. and other markets. SodaStream now expects net income will fall about 42 percent this year, while revenue will decrease 9 percent. SodaStream posted third-quarter net income of $9.5 million, or 45 cents per share, on $125.9 million in revenue.

  • Goodyear's 3Q profit falls, but beats expectations Wednesday, 29 Oct 2014 | 8:52 AM ET

    AKRON, Ohio— Goodyear Tire's third-quarter net income fell 3 percent as tire sales fell around the world, but its adjusted earnings easily beat Wall Street expectations. Goodyear reported net income of $161 million, or 58 cents per share, in the quarter ending Sept. 30, compared with $166 million, or 62 cents per share, in the same quarter a year ago.

  • PARIS, Oct 29- French oil company Total's new chief will visit oil-rich countries to cement links with their leaders after the sudden death of his predecessor and will go ahead with cost cuts after falling oil prices squeezed third-quarter profits. Europe's second-largest oil company elevated former refining head Patrick Pouyanne to the top post following...

  • Video: Islamic State hostage 'reports' for captors Wednesday, 29 Oct 2014 | 6:57 AM ET

    BEIRUT— A captive British photojournalist has been used by the Islamic State group to take on the role of a war correspondent in the extremists' latest propaganda video. In the video, made public on Monday, John Cantlie calmly stands before a camera in what he identifies as the embattled Syrian town of Kobani. The Associated Press could not independently verify...

  • JERUSALEM, Oct 29- Bank Leumi, Israel's second-largest lender, said on Wednesday a settlement with U.S. regulators over possible tax evasion by the bank's American clients could be much higher than previously estimated. In a statement to the Tel Aviv Stock Exchange, Leumi said it was now also in contact with the New York Department of Financial Services, which...

  • PARIS, Oct 29- The new head of Total will embark on a tour to meet crucial contacts at oil-rich countries in the next few weeks and will forge ahead with cost cuts in the face of the falling oil prices that squeezed third-quarter profits. Europe's second-largest oil company elevated former refining head Patrick Pouyanne to the CEO position following the sudden...

  • Oct 28- New York state's financial regulator is seeking more than $300 million from Bank Leumi as part of a probe of whether the Israeli bank assisted U.S. citizens in evading taxes, according to a person familiar with the matter. The penalty from New York state's Department of Financial Services, which regulates certain banks in the state, is separate from...

  • JERUSALEM/ WASHINGTON, Oct 28- Israel plans to buy a second batch of Lockheed Martin's F-35 stealth fighter jets, bringing its total number on order to about 44, Israeli defense and U.S. sources said on Tuesday. Israel bought 19 F-35s for $2.75 billion in 2010, a deal that included options for up to 75 planes. Israel will benefit from various efforts under way by...

  • Saudi budget carrier flynas suspends long-haul services Tuesday, 28 Oct 2014 | 12:44 PM ET

    RIYADH, Oct 28- Saudi Arabia's first and only budget airline, flynas, has suspended long-haul flights because profits on the routes did not meet expectations, chief executive Raja Azmi said on Tuesday. In April this year, flynas said its growth strategy would focus on developing long-haul flights to five or six new destinations including London, Manchester,...