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  • Democrats put brakes on Iran sanctions bill Tuesday, 27 Jan 2015 | 10:20 AM ET

    WASHINGTON— Senate Democrats on Tuesday put the brakes on new Iran sanctions legislation, ending for now a looming showdown between Congress and President Barack Obama over negotiations to prevent Tehran from having the capability to make a nuclear weapon. At the same time, supporters of the bill say the letter signals the White House that Menendez and his...

  • Jan 27- 3 M Co, the maker of adhesives and abrasives including Post-it notes, reported a lower-than-expected 2 percent rise in quarterly revenue, hurt by a stronger dollar. The effect was most marked in Europe, Middle East and Africa, where 3 M's sales fell 6.4 percent. Net income attributable to 3 M rose to $1.18 billion, or $1.81 per share, in the fourth quarter ended...

  • *UAE markets stabilise after sell-off. DUBAI, Jan 27- Saudi Arabia's petrochemicals sector surged on Tuesday after OPEC's secretary-general said oil prices might have bottomed out and warned of a jump to $200 a barrel if investment in new supplies became too low. The main Saudi stock index jumped 2.4 percent in the heaviest trade this month, as shares in...

  • Obama pays respects to Saudis, defends ties to kingdom Tuesday, 27 Jan 2015 | 7:40 AM ET

    RIYADH, Saudi Arabia— President Barack Obama defended the U.S. government's willingness to cooperate closely with Saudi Arabia on national security despite deep concerns over human rights abuses, as he led an array of current and former American statesmen in paying respects Tuesday following the death of King Abdullah. New King Salman bin Abdul-Aziz Al Saud...

  • *France now the biggest source of new migrants to Israel. JERUSALEM, Jan 27- At a busy supermarket in Jerusalem a smartly dressed woman, recently arrived in Israel, was stopping shoppers to ask if anyone spoke French. With anti-Semitism rising in France, and their worries stoked by this month's killing of four Jews in a kosher supermarket in Paris, French Jews now...

  • Dubai's airport operator released figures Tuesday showing that 70.5 million passengers streamed through the sparkling halls of Dubai International last year. Dubai Airports CEO Paul Griffiths predicts Dubai International will handle a record 79 million passengers this year as it offers "more flights connecting more people to more destinations."

  • DUBAI, Jan 27- Gulf Arab oil states may need to rethink longstanding economic policies, including their fixed exchange rates, over the next five to 10 years as economic cycles in the region and the United States diverge, a senior Qatar central bank official said in a research paper. But in recent years the GCC economies have moved more out of sync with the United...

  • Heathrow hosted 68.1 million international passengers in 2014, up 1.2 percent, a Heathrow spokeswoman said. A commission is due to make final proposals by this summer, choosing between three options: a third runway at Heathrow, an extension to an existing Heathrow runway, or a second runway at Gatwick Airport. But lack of capacity at Heathrow means we have...

  • SINGAPORE, Jan 27- U.S. exports of condensate have been given an important boost after pipeline company Enterprise Products Partners LP agreed annual contracts with at least two major trading companies to sell the light crude, trade sources said. Oil producers have been pressing to lift a 40- year-old U.S. ban on crude exports and the Department of Commerce...

  • DUBAI, United Arab Emirates— Several airlines suspended flights to Baghdad on Tuesday after a passenger plane arriving from the Mideast's busiest airport in Dubai came under fire as it landed in the Iraqi capital. All passengers were able to disembark normally and none required medical attention at the airport, the Dubai government-owned carrier said.

  • Ericsson Q4 profits hit by decline in North America Tuesday, 27 Jan 2015 | 3:04 AM ET

    HELSINKI— Wireless equipment maker Ericsson's fourth-quarter fell by more than a third, with strong growth in Middle East, Europe and Asia offset by a decline in North America. The Stockholm- based company says that despite strong growth in consumer demand and data traffic in North America, operator investments had slowed and that it expects the broadband...

  • BUCHANAN, Liberia— The auburn-red soil and lush green vegetation lured the foreign investors to Liberia's third-largest city with visions of environmental gold. The Overseas Private Investment Corporation, a little known U.S. government agency 4,700 miles away, backed the venture with $217 million in loan approvals from 2008 to 2011..

  • FRANKFURT, Germany— Industrial machinery maker Siemens AG says net profit fell 25 percent in its most recent quarter as lower earnings at its key power and gas business weighed on the bottom line. That was down from 1.46 billion euros a year earlier. CEO Joe Kaeser said Tuesday net profit was hurt by a reassessment in the value of financial derivatives the company...

  • RUSSIA AND IRAN TO CREATE MUTUAL ACCOUNT FOR BILATERAL PAYMENTS IN NATIONAL CURRENCIES- RIA CITES IRANIAN AMBASSADOR TO MOSCOW.

  • BUENOS AIRES, Jan 26- President Cristina Fernandez plans to disband Argentina's intelligence agency amid suspicions that rogue agents were behind the mysterious death of a state prosecutor investigating the 1994 bombing of a Jewish community center. In her first televised address since Alberto Nisman was found dead with a single bullet to the head,...

  • US determined to continue drone war: Professor  Monday, 26 Jan 2015 | 8:46 PM ET

    Daniel Serwer, Professor at Johns Hopkins School of Advanced International Studies, discusses news that a C.I.A drone strike killed 3 suspected Qaeda fighters in Yemen on Monday.

  • But if the Alaska delegation is any hint as to where things are headed, his proposal is going nowhere in a Republican-controlled Congress. Lisa Murkowski, chair of the Senate Energy committee, said the administration's plans were a "kick to the gut" that treated Alaska as if it were a "snow globe out there" that should be left untouched. There is no drilling in the...

  • Commodities tomorrow: Dollar pressures oil  Monday, 26 Jan 2015 | 4:00 PM ET

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. A stronger dollar put downward pressure on oil, and nat gas was down even with the winter temperatures dropping.

  • WASHINGTON— The Senate is closing in on a vote to authorize the Keystone XL oil pipeline, although Democrats temporarily stalled progress Monday. But the fate of the $8 billion project depends not only on what happens in Congress, but also in the courts, at the White House and with TransCanada, the pipeline's developer. The Republican-controlled Congress is...

  • The most 'miserable' place on Earth is... Monday, 26 Jan 2015 | 12:32 PM ET
    People line up to pay inside a Makro supermarket in Caracas, January 9, 2015.

    2014 ranked as a horrible year for many countries, according to an index, with Venezuela topping the list as the most miserable place on Earth.