GO
Loading...

Enter multiple symbols separated by commas

Middle East

More

  • Syria tries to stabilize ailing currency Monday, 4 May 2015 | 6:12 AM ET

    DAMASCUS, Syria— Syrian state media says the central bank is pumping up to $200 million into the market to help boost the sagging Syrian pound. Three government newspapers— Baath, Thawra and Tishrin— carry reports Monday about the plan. Syria's central bank started selling tens of millions of dollars over the weekend as part of its plan to inject up to $200 million...

  • Brent hits 2015 high of $66.95 a barrel. LONDON, May 4- Oil rose towards $67 a barrel on Monday to reach a 2015 high, supported by expectations the supply glut will ease and after weak Chinese factory activity reinforced views that stimulus measures would be rolled out. Brent crude was up 39 cents to $66.85 a barrel by 0848 GMT, after hitting a 2015 peak of $66.95.

  • DOHA, Qatar— French President Francois Hollande, seeking to strengthen political and business ties with the energy-rich Gulf states, arrived in Qatar on Monday at the start of a two-nation trip that will include a visit to neighboring Saudi Arabia. The agreement, announced Thursday, makes Qatar the third overseas buyer of the delta-winged Rafale, manufactured...

  • *U.S. weekly oil rig count decline slows- Baker Hughes. SINGAPORE, May 4- Brent crude edged towards $67 a barrel on Monday, reversing earlier losses after weak Chinese data reinforced views that stimulus measures would be rolled out for the world's second largest economy. What the market really wants to see is supply being cut to match the demand level, "said Ric...

  • HONG KONG, May 4- Asian stocks bounced off lows on Monday and the Australian dollar pared early losses as weak China factory activity reinforced views that Beijing will roll out fresh support measures soon for the world's second-largest economy. Spreadbetters expected the equity markets to open firmer in Europe, forecasting Germany's DAX and France's CAC to...

  • *U.S. weekly oil rig count decline slows- Baker Hughes. SINGAPORE, May 4- Brent crude dipped towards $66 a barrel on Monday as weak Chinese data added to demand fears, while near-record supplies from OPEC producers maintained worries about oversupply. What the market really wants to see is supply being cut to match the demand level, "said Ric Spooner, chief market...

  • HONG KONG, May 4- Asian stocks bounced from their lows on Monday and the Australian dollar pared early losses as weak China factory activity reinforced views that Beijing will roll out fresh support measures soon for the world's second-largest economy. The HSBC/ Markit Purchasing Managers' Index showed factory activity in China contracted at its fastest rate...

  • *Iraq oil exports hit record 3.08 mln bpd in April. SINGAPORE, May 4- Brent crude dipped towards $66 a barrel on Monday as weak Chinese data stoked demand fears, while near-record supplies from OPEC producers reinforced worries about oversupply. Oil supplies from the Organization of the Petroleum Exporting Countries, which produces about 40 percent of oil...

  • *Shanghai shares lower, Aussie dollar slips in reaction. "China's manufacturing sector had a weak start to Q2, with total new business declining at the quickest rate in a year while production stagnated," said Annabel Fiddes, an economist at Markit. Shanghai shares were off 0.6 percent, while the CSI300 index of the largest listed companies in Shanghai and Shenzhen...

  • *Asia shares narrowly mixed, Japan on holiday for three days. MSCI's broadest index of Asia-Pacific shares outside Japan edged down 0.2 percent. The HSBC/ Markit PMI for South Korea set an ill omen, falling to a six-month trough of 48.8 in April.

  • PARIS— French President Francois Hollande is seeking to solidify strategic alliances in the Persian Gulf, as he heads to Qatar to sign a 7 billion-euro fighter jet deal and then gets a starring role in a regional summit in Saudi Arabia. France has led airstrikes against Islamic State extremists, supported international intervention in Yemen, and held a tough...

  • BEIJING— A pilot said Sunday that he is anxious but excited about flying a solar plane solo from China to Hawaii on the longest leg of the first attempt to fly around the world without a drop of fuel. The 8,175- kilometer flight from Nanjing in eastern China to Hawaii— which may take off Thursday, depending on weather— is the seventh of 12 flights.

  • MOSCOW, May 2- Russian oil and gas condensate production, among the world's largest, remained at a post-Soviet record level of 10.71 million barrels per day in April, underpinned by a recent recovery in oil prices, Energy Ministry data showed on Saturday. So far Russia, which is not an OPEC member, has failed to persuade OPEC to cut oil output in order to prop up prices.

  • Secretary of State John Kerry on Saturday championed the new Sri Lankan government's push for democratic reform and promised closer ties with the strategically located Indian Ocean nation. Sri Lanka's government is determined to end years of international isolation linked to its long war with Tamil separatists, so it really rolled out the red carpet for...

  • *Oil dips after Iraq says crude exports hit record in April. All major European markets except London, its biggest, were closed on Friday for the May Day holiday, while many Asian markets were also shut. London's FTSE 100 index inched higher on a surge in the shares of Lloyds bank and mining companies.

  • Wheat prices were mixed, hovering near a roughly five-year low notched on Tuesday. "The spreads don't indicate much bullishness," said Craig VanDyke, analyst at brokerage Top Third Ag Marketing in Chicago. A stabilizing greenback made commodities priced in the currency less attractive in international markets, with U.S. corn and wheat already more expensive in...

  • Wheat prices were hovering near a roughly five-year low notched on Tuesday. "The spreads don't indicate much bullishness," said Craig VanDyke, analyst at brokerage Top Third Ag Marketing in Chicago. A stabilizing greenback made commodities priced in the currency less attractive in international markets, with U.S. corn and wheat already more expensive in many...

  • *Oil dips after Iraq says crude exports hit record in April. All major European markets except London, its biggest, were closed on Friday for the May Day holiday, while many Asian markets were also shut. London's FTSE 100 index inched into positive territory after miners advanced on expectations of further stimulus in China, the world's top metals consumer. 1/ 8 ID:...

  • *Shell, Total restructure to combat falling oil prices. LONDON, May 1- Top oil firms Royal Dutch Shell and Total are bringing their refining and trading operations closer together, seeking alternative ways to drive profits as oil prices fall and independent trading houses expand into their territory. Snapping at their heels are energy brokerages Vitol and...

  • BERLIN— European aviation company Airbus said Friday it is taking legal action following reports that it was targeted by German and U.S. intelligence agencies. Airbus stressed that it was made aware of the allegations by press reports and didn't have any information of its own on the matter. Der Spiegel reported Friday on its website that Germany's spy agency,...