CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. The focus was on the Fed today, as the end of QE approaches. Stocks were up, as was the dollar, and commodities were down on the day.» Read More
RAMALLAH, West Bank— The Palestinian economy is expected to contract for the first time in seven years in 2014, the result of the recent Gaza war, continued Israeli and Egyptian restrictions on Palestinian trade and a drop in foreign aid, the World Bank said Tuesday.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Brent crude slides, and traders watch China and the dollar.
*Russia to meet with OPEC as low prices pressure budget. "The Chinese data was sufficiently negative to create real worry again about the outlook for demand there and globally," said John Kilduff, a partner at Again Capital LLC in New York.
WASHINGTON/ LONDON, Sept 14- Washington said countries in the Middle East had offered to join air strikes against Islamic State militants and Australia said it would send troops, but Britain held back even after the group beheaded a British hostage and threatened to kill another.
Weapons makers like Lockheed Martin, Northrop Grumman, Boeing and Raytheon anticipate new markets for their goods. Russian aggression in Ukraine is reviving long-dormant European demand, while the emerging militant Islamist threat in Iraq and Syria has underpinned already strong Middle Eastern demand.
Russia to meet with OPEC as low prices pressure budget. "The Chinese data was sufficiently negative to create real worry again about the outlook for demand there and globally," said John Kilduff, a partner at Again Capital LLC in New York.
*Paris conference supports military action in Iraq, no mention of Syria. PARIS/ DUBAI, Sept 15- Iran's supreme leader said on Monday he had personally rejected an offer from the United States for talks to fight Islamic State, an apparent blow to Washington's efforts to build a military coalition to fight militants in both Iraq and Syria.
*Russia to meet with OPEC as low prices pressure budget. NEW YORK, Sept 15- Brent and U.S. crude futures fell in choppy trading on Monday, with weak Chinese economic data pushing the expiring October Brent contract to a two-year low and news that Russia's energy minister would meet OPEC officials cushioning the drop.
ICD— an investment arm of the Dubai government— acquired a significant stake in Kerzner earlier this year, with some state media reporting its share is 46 percent. Another state-owned Dubai firm, Istithmar World, bought out Kerzner's stake in the Atlantis Palm in Dubai in 2012..
NEW YORK, Sept 15- Brent crude fell below $97 per barrel on Monday to its lowest in more than two years as lackluster economic data from China damped prospects for oil demand at a time of abundant supply, while expectations the Federal Reserve will provide new details this week about its plans to raise interest rates lifted the dollar.
CAIRO— Egypt plans to increase the number of security cameras at hotels and popular tourist destinations as part of a series of new security measures aimed at buoying the flagging tourism sector following three years of political turmoil, the country's tourism minister said.
PARIS, Sept 15- World powers backed military measures on Monday to help defeat Islamic State fighters in Iraq, boosting Washington's efforts to set up a coalition, but made no mention of the tougher diplomatic challenge next door in Syria.
CAIRO, Sept 15- Egypt's tourism industry, battered by three years of political upheaval, violence and street protests, could fully recover by the end of next year if regional turmoil does not spread to the Arab world's biggest country, the tourism minister said.
JEDDAH, Saudi Arabia, Sept 15- As President Barack Obama knits together an international coalition to take its campaign against Islamic State from Iraq into Syria, fighters like Ammar al-Wawi could make the difference.
*Gulf better able to handle U.S. rate hikes than most regions. *Bahrain and Oman budgets, Dubai property market may be losers.
*France sends fighter jets for reconnaissance mission over Iraq. PARIS, Sept 15- French President Francois Hollande called on Monday for united international action to tackle the threat from Islamic State militants as he opened a conference on Iraq bringing together members of a U.S.-led coalition.
CAIRO, Sept 15- Egypt's tourism industry, battered by three years of political upheaval and street protests, could fully recover by the end of 2015 if current levels of stability persist, the tourism minister said.
Ukraine's central bank governor has dismissed fears of a default, even as the country is said to be facing a Greek-style debt controversy.
Washington said countries in the Middle East have offered to join airstrikes against IS militants, but Britain held back.
Malcolm Jorgensen, Lecturer, Sydney Law School at the University of Sydney, says the West must partner with regional players to re-establish political authority in northern Iraq and Syria.