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Dominic Schnider, Head Commodity Research, UBS Wealth Management is bearish on Brent crude as he says oil markets are well-supplied. He says that's why recent geopolitical tensions in the Middle East did not trigger a spike in oil prices.
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NEW YORK, Feb 4- Major stock markets fell on Monday as investors booked profits on recent strong gains, while the euro slipped from multi-month highs against the dollar and yen on political uncertainty in Spain and Italy.
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*Ownership disputed between Sudan and South Sudan. GENEVA/ KHARTOUM, Feb 4- Sudan has sold a cargo of oil of disputed ownership from South Sudan oilfields, a minister and trading sources said, in what is likely to be seen by the south as a provocation after security and oil transport talks between the two countries fell apart.
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*Middle East tensions fuel supply worries. LONDON, Feb 4- Brent crude oil fell below $116 per barrel on Monday, slipping from 4-1/ 2- month highs after three weeks of gains powered by signs of improving global economic growth and concern over geopolitical tension in the Middle East.
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*Qatar Telecom now owns 64.1 pct of Asiacell. BAGHDAD/ DUBAI, Feb 4- Qatar Telecom used Iraqi unit Asiacell's $1.27 billion share sale, Iraq's largest ever flotation, to raise its stake to 64 percent in a vote of confidence in a country recovering from years of war and economic sanctions.
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*Middle East tensions fuel supply worries. LONDON, Feb 4- Brent crude oil consolidated around $116 per barrel on Monday, slipping from 4-1/ 2- month highs after three weeks of gains powered by signs of improving global economic growth and concern over geopolitical tension in the Middle East.
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*Industrial producer prices fall 0.2 pct in Dec vs Nov. *December's decrease follows 0.2 pct fall in Nov. BRUSSELS, Feb 4- Euro zone factory prices fell for the second month in a row in December, mirroring the trend in consumer inflation and leaving room for a possible European Central Bank interest rate cut to revive the weak economy.
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*Middle East tensions fuel supply worries. LONDON, Feb 4- Brent crude oil consolidated above $116 per barrel on Monday, not far off 4-1/ 2 month highs, on signs of improving economic growth in the United States and China and concern over geopolitical tension in the Middle East.
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BAGHDAD/ DUBAI, Feb 4- Shares in Iraqi mobile telephone operator Asiacell jumped the maximum 10 percent in their Baghdad bourse debut on Monday after investors in the company raised $1.24 billion in Iraq's largest-ever share offer. The shares were at 24.2 dinars at 0707 GMT on the Iraq Stock Exchange.
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SINGAPORE, Feb 4- Brent crude steadied above $116 per barrel on Monday, holding near a more than four-month high, as data from top consumers China and the United States reinforced a view that the global economy was headed for a modest uptick this year.
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A secret legal review on the use of America's growing arsenal of cyberweapons has concluded that President Obama has the broad power to order a pre-emptive strike if the United States detects credible evidence of a major digital attack looming from abroad, according to officials involved in the review. The New York Times reports.
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SINGAPORE, Feb 4- Brent crude steadied above $116 per barrel on Monday, holding near a more than four-month high, as data from top consumers United States and China reinforced a view that the global economy was headed for a modest uptick this year.
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SINGAPORE, Feb 4- U.S. crude futures steadied above $97 per barrel in early Asian trade on Monday after data from China and the United States last week reinforced expectations that economic growth in the world's two biggest energy consumers may be better this year than last.
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TOKYO, Feb 4- Asian shares edged higher on Monday, buoyed by U.S. data which maintained expectations for a mild recovery and continued loose Federal Reserve monetary policy to support it, bolstered by solid manufacturing data from Europe and China.
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Dominic Schnider, Head Commodity Research, UBS Wealth Management is bearish on Brent crude as he says oil markets are well-supplied. He says that's why recent geopolitical tensions in the Middle East did not trigger a spike in oil prices.
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Barclays said its finance director Chris Lucas and its top legal expert are to retire, adding to change at the top of the British bank as it struggles to put a series of scandals behind it.
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*Lucas under investigation for 2008 Qatar fundraising. LONDON, Feb 3- Barclays said its finance director Chris Lucas and its top legal expert are to retire, adding to change at the top of the British bank as it struggles to put a series of scandals behind it.
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BAGHDAD, Feb 3- Foreign investors bought more than two-thirds of Iraqi mobile operator Asiacell's $1.35 billion share sale, with parent Qatar Telecom expected to have increased its stake.
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MUNICH, Feb 3- The United States is enjoying an energy bonanza thanks to shale gas, making it a magnet for industry, reducing import dependence and challenging Europe as it battles to dig itself out of recession, energy officials say. As Europe continues to debate it, North America is reaping the advantages, "said Jorma Ollila, Chairman of Royal Dutch Shell.
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*Dubai aims to "set the tone" for rest of world. DUBAI, Feb 3- Dubai aims to become a top global centre for Islamic bonds by introducing more detailed standards that ensure issuance and trading obey not only the letter but also the spirit of Islamic rules, a securities market official said.
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DUBAI, Feb 3- A director of commodity trading giant Glencore on Sunday questioned the conversion of corn into ethanol biofuel, saying it can contribute to higher prices.