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  • *Qatar, Saudi Arabia supported by solid Q3 results. DUBAI, Oct 21- Solid corporate earnings and rebounding global equities lifted most stock markets in the Middle East on Tuesday, while Saudi Arabia led the rally after stabilising oil prices provided additional support to its petrochemical stocks. European shares, which have largely set the direction for...

  • *China Q3 growth slowest since 2009 but less weak vs forecast. Treasuries prices fell on Tuesday as less worrisome data on China and a report on the European Central Bank possibly moving to buy regional corporate bonds allayed some concerns about the global economy and reduced safe-haven bids for low-risk government debt. The ECB story catapulted us down from...

  • Egypt sets appeal hearing for Al Jazeera staff Tuesday, 21 Oct 2014 | 9:25 AM ET

    CAIRO— A Cairo court has set an appeals hearing for three Al-Jazeera English journalists convicted of terrorism-related charges last June amid widespread international condemnation. Adel Fahmy, the brother of Mohammed Fahmy, acting Cairo bureau chief for Al-Jazeera English, said the scheduled court date is Jan. 1, 2015. Lawyer Negad Borai, who is...

  • Oct 21- McDonald's Corp reported a 30 percent fall in quarterly profit due to a food scandal in China and tough competition in the United States, and the world's largest restaurant chain said these factors were expected to hurt current-quarter results. McDonald's business in Europe, its biggest market, was hurt by issues in Russia and Germany.

  • *Kuwait is placing restrictions on Chevron's operations- sources. DUBAI/ KHOBAR, Saudi Arabia Oct 21- Saudi Arabia's closure of an offshore oilfield it shares with Kuwait has revived speculation of renewed tensions between the two, and put Chevron's role in the shared Neutral Zone in focus. Any differences between the two OPEC allies are watched closely by oil...

  • BRUSSELS, Oct 21- The European Union imposed sanctions on Tuesday on 12 Syrian government ministers, two senior military figures and a United Arab Emirates company it accused of helping supply oil to Syria. The EU imposed similar sanctions on Colonel Mohammed Bilal, a senior officer in the Air Force Intelligence Service of Syria, and Major-General Ghassan...

  • Total CEO killed in Moscow runway crash Tuesday, 21 Oct 2014 | 3:08 AM ET

    MOSCOW— Christophe de Margerie, the charismatic CEO of Total SA who helped establish the multinational oil company as one of the world's biggest, was killed at a Moscow airport when his private jet collided with a snowplow whose driver was reportedly drunk. The crash occurred at 11.57 p.m. Monday local time when the French-made Dassault Falcon 50 burst into...

  • *China growth slows, but economy grew slightly more than expected. European shares might fare better at the open, with financial spreadbetters predicting Britain's FTSE 100 would open up 0.1 percent, while Germany's DAX and France's CAC 40 were each seen up 0.2 percent. It was also the weakest growth rate in nearly six years, putting at risk Beijing's official...

  • *China growth slows, but economy grew slightly more than expected. China's gross national product expanded 7.3 percent between July and September from a year earlier, slightly above expectations but slower than the 7.5 percent clocked in the second quarter. But we definitely cannot achieve the 7.5 percent growth target this year, "said Lin Caiyi, chief...

  • *China growth slows, but economy grew slightly more than expected. It also shows that we don't need to be that concerned about the depth of slow down in China, "said Dariusz Kowalczyk at Credit Agricole Corporate and Investment Bank in Hong Kong. MSCI's broadest index of Asia-Pacific shares outside Japan rose about 0.3 percent in morning trade following the...

  • "Market action will largely depend on the release of key economic numbers in China," Michael McCarthy, chief market strategist at CMC Markets in Sydney, said in a note. MSCI's broadest index of Asia-Pacific shares outside Japan was flat in early trade, while Japan's Nikkei stock average drooped about 0.2 percent. Wall Street marked gains overnight despite a...

  • Deals of the day- Mergers and acquisitions Monday, 20 Oct 2014 | 4:06 PM ET

    **Platform Specialty Products Corp said it would buy Arysta LifeScience Ltd for about $3.51 billion, Platform's third acquisition this year as the company looks to strengthen its agrichemicals business. **The top two lawmakers on the Senate's antitrust panel have urged regulators to scrutinize food distributor Sysco Corp's planned purchase of rival U.S....

  • NEW YORK, Oct 20- U.S. "Both the Ebola scare and the expansion of ISIS have added jitters to the market and fear bids into the bond market," said Larry Milstein, head of government and agency trading at R.W. Pressprich& Co. in New York. "We feel the earliest is fourth quarter of next year when the Fed will take any action on rates," said Sean Simko, head of fixed-income...

  • Oct 20- Halliburton Co, the world's No.2 oilfield services provider, said there were no signs of a slowdown in drilling activity despite the recent 25 percent fall in oil prices. Halliburton's shares rose about 2.5 percent in early trading after the company reported a better-than-expected quarterly profit and raised its quarterly dividend.

  • Moody's raises Egypt's outlook to stable Monday, 20 Oct 2014 | 11:03 AM ET

    CAIRO— Moody's Investor Services said Egypt's political and security situation has stabilized, raising the country's outlook from negative to stable. However, Moody's stopped short of upgrading Egypt's government bond rating; the rating will remain at "Caa1," _essentially at junk bond level. Moody's said the continued low rating, "reflects the very weak and...

  • Halliburton profit beats as drilling stays strong Monday, 20 Oct 2014 | 10:27 AM ET
    A derrick hand works on an oil rig drilling into the Bakken shale formation outside Watford City, N.D.

    Halliburton reported a better-than-expected profit, helped by buoyant shale drilling activity in North America.

  • NEW YORK, Oct 20- U.S. Wall Street shares prices opened lower and European stocks declines on disappointing results from IBM and German business software maker SAP respectively. "It's a bit of a risk-off trade today, which is supportive of Treasuries," said Larry Milstein, head of government and agency trading at R.W. Pressprich& Co. in New York.

  • *UAE, Qatar change direction as Western markets dip. DUBAI, Oct 20- Most Middle Eastern stock markets fell on Monday as a rebound by global equities turned out to be short-lived, but Saudi Arabia's bourse rose after a string of strong quarterly earnings. Stock indexes in the United Arab Emirates and Qatar rose in early trade but quickly gave up all their gains after...

  • Oct 20- IBM Corp said it would hive off its loss-making semiconductor unit to contract-chipmaker Globalfoundries Inc to focus on cloud computing and big data analytics. IBM will pay Globalfoundries $1.5 billion in cash over the next three years to take the chip operations off its hands, the companies said in a statement on Monday. IBM took a related pre-tax...

  • Oct 20- Halliburton Co, the world's No.2 oilfield services provider, reported a better-than-expected quarterly profit, helped by buoyant shale drilling activity in North America. Halliburton, which derives about half of its revenue from North America, also benefited from higher revenue in its international operations. Halliburton's revenue rose about 18...