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  • WASHINGTON, May 28- The U.S. Congress could lift the 40- year-old ban on domestic crude oil exports within a year as a drop in gasoline prices and the potential return of Iranian oil to global markets makes it an easier measure for politicians to support, Bank of America Merrill Lynch analysts said on Thursday. The analysts found "a surprising amount of support to...

  • *South Korea and Saudi Arabia have long-established business ties. SEOUL/ KHOBAR, Saudi Arabia, May 29- Saudi Arabia's state oil firm is on a hiring spree in South Korea, as the world's top crude exporter seeks engineers to run plants in its soaring refining sector- setting it on course to compete with some Asian countries that are big oil buyers.

  • Vodafone investors open to Liberty deal Thursday, 28 May 2015 | 1:58 PM ET

    LONDON, May 28- Some of the biggest investors in Vodafone say they are open to a European tie-up with Liberty Global, as the British company is now in a stronger position to negotiate a deal with John Malone's cable group. The positive reaction stands in contrast to previous occasions when talk of a deal sent shares in Vodafone tumbling on fears that it, as the suitor,...

  • Some 2,400 workers had walked out of the ports of Ashdod and Haifa as union leaders went underground and for most of Thursday defied orders from labour courts to return to their posts. The government, frustrated by labour disputes that have disrupted Israel's trade arteries for years, signed contracts with two foreign companies on Thursday to operate...

  • Israeli port workers defy court order to continue strike Thursday, 28 May 2015 | 10:06 AM ET

    Spokesmen for the ports of Ashdod and Haifa said 2,400 workers had left their posts and union leaders had gone underground. The government, frustrated by labour disputes that have disrupted Israel's trade arteries for years, signed contracts with two foreign companies on Thursday to operate terminals adjacent to the state-run ports of Ashdod and Haifa.

  • *Crops grow from Gulf to Russia in advanced greenhouses. AMSTERDAM, May 28- From the rooftops of Amsterdam to the expanses of Kazakhstan, Dutch technology is helping food producers to meet the needs of both gourmets and growing populations facing uncertain supplies. One of the most densely populated countries in the world, the Netherlands has long learnt to...

  • LONDON, May 28- The South China Sea has become the most important testing ground for the changing economic, political and military relationship between China and the United States. China and the other littoral states dispute ownership as well as the rights to resources and maritime control that flow from it. China says it owns the outcrops so is entitled to...

  • Etihad Airways profit jumps by over half to $73 million Thursday, 28 May 2015 | 4:53 AM ET

    DUBAI, United Arab Emirates— Etihad Airways, the United Arab Emirates' fast-growing national carrier, said Thursday its profit rose by more than half to $73 million last year but warned that "aggressive protectionist sentiment" in the West threatens its future prospects. The government-backed airline, which has bought up stakes in several foreign carriers...

  • DUBAI, May 28- Abu Dhabi's Etihad Airways, one of three Gulf airlines that U.S. rivals say benefit from state subsidies, reported a 52 percent rise in annual profit on higher passenger numbers and increased revenue from cargo and partner airlines. Unlike Dubai- based rival Emirates, Etihad has based part of its expansion on investing in other carriers and owns...

  • UPDATE 3-Oil prices rise ahead of US inventories data Thursday, 28 May 2015 | 2:42 AM ET

    SINGAPORE, May 28- Crude oil prices recovered on Thursday after a two-day slide, although high U.S. stocks and strong global production, along with a firm dollar, were keeping markets under pressure. Industry group American Petroleum Institute said after the market's settlement that U.S. crude inventories rose by 1.3 million barrels last week, following three...

  • UPDATE 1-Oil prices edge up after two days of steep falls Wednesday, 27 May 2015 | 10:15 PM ET

    SINGAPORE, May 28- Crude oil prices recovered on Thursday after a two-day slide, although high U.S. stocks and strong global production, along with a firm dollar, were keeping markets under pressure. Industry group American Petroleum Institute said after the market's settlement that U.S. crude inventories rose by 1.3 million barrels last week, following three...

  • NEW YORK, May 27- Oil prices fell by up to 3 percent for a second straight day on Wednesday as a resurgent dollar weighed on the market ahead of U.S. inventory data. Other factors held little sway, including France's warning to Iran that it was ready to block a final deal on Tehran's nuclear program unless Iran provided full access to inspectors.

  • Lamborghini SUV to hit the road in 3 years Wednesday, 27 May 2015 | 2:27 PM ET
    Automobili Lamborghini announces a luxury SUV as a third model to join its product range.

    Lamborghini said it will be introducing an SUV to its product line by 2018 in an effort to expand its clientele.

  • WASHINGTON, May 27- The United States on Wednesday commended Saudi Arabia for imposing sanctions on two senior officials of the Iranian-backed Hezbollah group in Lebanon and designating them as terrorists. The United States designated the two officials, Khalil Youssef Harb and Mohammed Qabalan, in 2013 for overseeing "violent operations" in the Middle East.

  • DRESDEN, Germany— Top finance officials from the Group of Seven wealthy democracies are gathering in Germany this week to discuss ways to strengthen the global economy. U.S. officials are pressing countries such as Germany that have strong finances to invest more to stimulate their economies. The Group of Seven, or G-7, meets against the background of a...

  • KARACHI, Pakistan— A Pakistani judge ordered police Wednesday to hold and question the embattled CEO of a software company for a week on allegations he oversaw a global diploma mill, as broadcasters aired images of blank degrees stacked in his firm's offices. The judicial order marked the latest crisis for Shoaib Sheikh, the top official at Axact, a software...

  • *Turkey believes robust military vital for regional role- analyst. *China weapons deal has raised concern among NATO members. ANKARA, May 27- For years Turkey has boasted NATO's largest army, bar only the United States, and now President Tayyip Erdogan wants a defence industry to match.

  • May 26- Digital video recorder maker TiVo Inc reported better-than-expected quarterly revenue and profit, helped by higher subscriptions. TiVo's set-top boxes are in high demand from cable users as they also allow access to online video services such as Netflix Inc, Hulu and Google Inc's YouTube. TiVo, whose clients include DirecTV, is trying to partner with...

  • Commodities tomorrow: Oil range-bound for summer?   Tuesday, 26 May 2015 | 4:00 PM ET
    Commodities tomorrow: Oil range-bound for summer?

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. A stronger dollar and a flattening rig count number helped push down crude prices.

  • AMSTERDAM, May 26- In handing out lucrative public procurement contracts, Qatar is likely to favor countries whose airports grant take-off and landing slots to state-owned Qatar Airways, its chief executive said on Tuesday. While he later stressed that he had no direct influence over public procurement decisions, he said Qatar offered rich pickings for...