In conjunction with "The World's Biggest Risks" special report, CNBC's Adam Bakhtiar examines the impact of rising geopolitical tensions around the world.» Read More
WASHINGTON, Aug 29- The United States on Friday imposed sanctions on more than 25 people and companies it accused of violating sanctions against Iran, including shipping firms, airlines, and six Iranian banks.
The missing tank—filled with $100 million of disputed oil—is the latest development in a risky game of cat-and-mouse between Baghdad and the Kurds.
*King Abdullah says Jordan more prepared than ever for risk. AMMAN, Aug 29- He had a good job and a loving family, but it wasn't enough for a 25- year old Jordanian who abandoned his life of privilege in Amman to join the Islamic State group that has seized swathes of neighbouring Iraq and Syria.
For most of August, stocks have managed to shake off geopolitical conflicts from Ukraine to Gaza and Iraq. "The market has a good underlying tone," said Mike Levine, portfolio manager of Oppenheimer Equity Income Fund. Even in a quiet day of trading ahead of the Labor Day holiday, stocks eked out a gain.
FRANKFURT, Germany— Inflation in the 18 countries that use the euro sank to an annual 0.3 percent in August, a sign of economic weakness that is putting pressure on the European Central Bank to take drastic steps to save a stalling recovery.
MILAN— Several European Union foreign ministers on Friday accused Russia of invading eastern Ukraine and said Moscow should be punished with additional economic sanctions. The meeting of the 28- nation bloc's top diplomats in Milan came one day after NATO said Moscow slipped at least 1,000 Russian soldiers and much heavy weaponry into Ukraine.
*Asia's July Iran imports at 7- mth low; China imports firm. TOKYO, Aug 29- Iran's major Asian customers shipped in 29.4 percent more crude in July from a year earlier, with China, Tehran's biggest client, still accounting for most of the increase seen since Western sanctions were eased at the beginning of the year.
WASHINGTON— As President Barack Obama warns of stepped-up economic punishments against Russia for its military incursions inside Ukraine, U.S. sanctions have so far avoided one prominent financial institution: the $10 billion Russian Direct Investment Fund, which has partnered with brand-name American companies and whose advisers include top U.S. and European private equity executives.
BOSTON, Aug 28- An influential U.S. financial services industry group that shares information about cyber threats has said it is unaware of any "significant" cyber attacks, downplaying concerns about possible breaches at JPMorgan Chase& Co and other banks.
SINGAPORE, Aug 29- U.S. crude futures stayed above $94 a barrel on Friday, holding overnight gains as positive economic data boosted the outlook for demand in the world's largest oil consumer. *U.S. crude had edged down 2 cents to $94.53 a barrel by 0024 GMT, after settling up 67 cents on Thursday.
HOUSTON, Aug 28- A tanker near Texas loaded with $100 million of disputed Iraqi Kurdish crude has disappeared from satellite tracking, the latest development in a high stakes game of cat-and-mouse between Baghdad and the Kurds.
*Thailand may miss 10 million T export target for this year. SAMUT PRAKAN, Thailand, Aug 29- Thailand is facing delays in plans to export millions of tonnes of rice from state stockpiles because of a labour shortage at ports after hundreds of thousands of foreign workers fled amid fears of a military crackdown on illegal migrants.
*Fire hits BP's largest U.S. refinery, at Whiting, Indiana. *Hope fades for Ukraine- Russia ceasefire deal. "There's better demand here in the U.S. than versus Europe," said Phil Flynn, an analyst with the Price Futures Group in Chicago, Illinois.
*Riyadh seeks strong Sunni representation in Iraq government. The Al Saud have long seen the conflicts in Iraq and Syria as a pivotal battle for the future of the Middle East, pitting Sunni Muslims against a radical, revolutionary, Shi'ite Iran.
*Fire hits BP's largest U.S. refinery, at Whiting, Indiana. LONDON, Aug 28- Brent crude oil steadied around $103 a barrel on Thursday, not far above 14- month lows on ample supply and lacklustre demand as global economic growth remained tepid.
ANKARA, Aug 28- Iraqi Kurdistan has shipped over 8 million barrels of oil from the Turkish port of Ceyhan since May, sources and energy officials said, as the autonomous region employs new tactics to establish independent oil sales in defiance of Baghdad.
However, the court gave Baghdad 10 days to resubmit its case. The United Kalavrvta tanker, carrying about $100 million worth of Kurdish crude, has been anchored in the Gulf of Mexico for weeks, with the Iraqi region of Kurdistan locked in a legal battle over ownership with the central government of Iraq.
*Supply rises by 90,000 bpd, led by Libya, Angola. LONDON, Aug 28- OPEC's oil production has risen in August from July, a Reuters survey found on Thursday, as a recovery in Libyan supply held up and Angola and Iran boosted supplies, outweighing a further decline in Iraq.
ANKARA, Aug 28- Tayyip Erdogan was sworn in as Turkey's 12th president on Thursday, cementing his position as its most powerful leader of recent times, in what his opponents fear heralds an increasingly authoritarian rule.
BRUSSELS— Don't be fooled by Angela Merkel. "If you look at the family picture of these European summits for the past few years, there always is this blot of grey men in lookalike suits and the color of only a few women," said European political science Professor Hendrik Vos of Ghent University.