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  • LONDON, Oct 31- OPEC's oil supply in October has fallen by 120,000 barrels per day due to lower production in Angola and Nigeria, a Reuters survey found, although recovery in Libya and growth in Iraq kept output close to September's two-year high. OPEC pumps a third of the world's oil and meets in November to set output policy for early 2015. Despite oil's drop below...

  • NAIROBI, Oct 31- Kenya, like other nations on a continent that boasts some of the fastest growth rates in the world, is racing to upgrade neglected infrastructure, improve regulations and revise often outdated economic figures to spur investment. But Kenya's challenges, many of which are mirrored across Africa, are formidable if it wants to build on recent gains.

  • DUBLIN, Oct 31- German Finance Minister Wolfgang Schaeuble on Friday said he believed consumption and employment remained strong in Germany, but that geopolitical risks were undermining confidence across Europe. Data showed earlier on Friday that German retail sales posted their biggest monthly decline in more than seven years in September, a sign that...

  • Exxon defies low oil price with refining strength Friday, 31 Oct 2014 | 8:30 AM ET

    NEW YORK— ExxonMobil Corp.' s refining and chemical operations rescued the company's third-quarter results amid falling global oil prices and lower oil and gas production. The company said Friday that it earned $8.07 billion on revenue of $107.49 billion in the third quarter. On a per share basis, the company earned $1.89, up from $1.79 last year and far above the...

  • Hello Kitty's 40 years of cuteness and cool Friday, 31 Oct 2014 | 4:34 AM ET

    Only a handful of characters last so long, especially in Japan, where thousands come and go in a highly competitive market. Hello Kitty's company, Sanrio Co., which specializes in designing and making a wide range of products in the booming "cute" business, created her as a character 40 years ago. According to Sanrio, her real name is Kitty White, born Nov. 1— no year is...

  • Gas falling under $3 nationwide: What to know Friday, 31 Oct 2014 | 4:18 AM ET

    NEW YORK— The sight is so surprising that Americans are sharing photos of it, along with all those cute Halloween costumes, sweeping vistas and special meals: The gas station sign, with a price of $2- something a gallon. "It's stunning what's happening here," says Tom Kloza, chief oil analyst at the Oil Price Information Service. When the national average crossed above...

  • SAO PAULO, Oct 30- Brazilian meats processor BRF SA more than doubled its third-quarter profit from a year earlier, beating market expectations as it trimmed its sales team and stocks. Sales in its biggest foreign market, the Middle East, were up 10 percent in volume and 18 percent in revenue due mainly to improved performance in Saudi Arabia, Kuwait, Oman and Yemen.

  • RIYADH, Oct 30- Saudi Arabia's National Commercial Bank IPO-NACO.SE> said the retail portion of its 22.5 billion riyal initial share sale had attracted investor interest amounting to more than double the amount on offer. The kingdom's largest bank by assets is selling 15 percent of its stock, priced at 45 riyals per share, to local investors between Oct. 19 and Nov....

  • 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...

  • 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.

  • 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.