An expert on high-impact entrepreneurship, Endeavor's Linda Rottenberg, explains why economic adversity sparks innovation and small business creation.» Read More
RIYADH/ DOHA, July 11- The $12 billion in aid Saudi Arabia, the United Arab Emirates and Kuwait offered Egypt this week showed their delight at the army's ousting of President Mohamed Mursi in a reversal for Islamists empowered by the Arab ferment of 2011..
*Hedge funds, some banks showing interest in Egypt debt. *Little motive for Egypt to default despite reserve pressures. *Egypt bonds look attractively priced versus Lebanon.
*Hezbollah has threatened new Golan front against Israel. BOOSTER MILITARY OUTPOST, Golan Heights, July 10- I srael is bolstering its forces on the once-quiet frontier with Syria where it believes Lebanese Hezbollah militants are preparing for the day when they could fight Israel.
NEW YORK, July 9- U.S. crude oil prices were moderately higher in choppy trade on Tuesday afternoon in New York, as gains fueled by a stock market advance were limited by a strong U.S. dollar. Brent crude oil futures were 3 cents higher at $107.46 at 1:24 p.m. EDT, after slipping to a session low of $106.85.
NEW YORK, July 9- Brent crude oil was moderately higher in choppy trade on Tuesday on buoyant U.S. equities and concern that further violence in Egypt could ignite conflict in the broader Middle East. Brent crude oil futures were trading 11 cents higher at $107.54 at 11:15 a.m. EDT, after slipping to a session low of $106.85 earlier.
LONDON, July 9- Brent crude oil fell to around $107 a barrel on Tuesday, as worries about supply disruptions from the Middle East eased, though investors were wary that further negative headlines from Egypt could lead to more volatility.
The survey by Transparency International, a global non-governmental body which studies bribery around the world, appears to dash hopes that the Arab Spring would produce cleaner government and business in the region.
*Many drawing parallels between Egypt and Algeria. CAIRO, July 5- Some 200,000 people died in a decade of civil war in Algeria after uniformed officers rejected a popular vote for Islamists, an example some in Cairo darkly cite after the army ousted Egypt's Muslim Brotherhood president on Wednesday.
*Army takeover to have profound impact beyond Egypt. BEIRUT, July 4- "Where Egypt goes, the region follows" is an adage often quoted by academics teaching the arcane politics of the Middle East.
BEIRUT, July 4- After weeks of sectarian violence fuelled by Syria's civil war, Lebanon's parliamentary speaker summoned deputies this week for a legislative session to address the country's deepening crisis.
*SEC says Citigroup, Barclays accounts used. In a complaint filed on Wednesday with the U.S. District Court in Manhattan, the SEC said the "highly suspicious" trades took place between June 26 and 28, and resulted in a profit of about $4.6 million on a $305,000 investment.
July 3- The U.S. Securities and Exchange Commission filed an insider trading lawsuit accusing unnamed defendants of making enormous profits by trading in Onyx Pharmaceuticals Inc call options before the drugmaker publicly rejected a takeover bid by Amgen Inc and put itself up for sale.
AMMAN, June 26- In the bustling Baramka district in the heart of Damascus, sounds of iron hammering by mechanics busily repairing cars can be heard next to the large excavated site of an uncompleted $400 million twin skyscraper project.
*Cyprus eyes regional role for east Med gas. *Cyprus hopes to start exports by 2020. NICOSIA, June 26- Aiming for energy hub status and hoping to reboot an economy hobbled by a debt bailout- Cyprus started talks with three energy firms for the development of a liquefied natural gas terminal.
Most of the bank's assets were acquired by the Lebanese subsidiary of France's Societe Generale after the U.S. Treasury Department designated Lebanese Canadian Bank as a "primary money-laundering concern" in February 2012. The Societe Generale subsidiary, Societe Generale de Banque au Liban, would receive the other $48 million.
The settlement would resolve a lawsuit filed in 2011 against Lebanese Canadian Bank, accusing it of using the U.S. banking system to launder drug trafficking profits through West Africa back into Lebanon.
*China credit crunch worries spark oil demand concerns. SINGAPORE, June 25- Brent crude rose above $101 a barrel on Tuesday after recent sharp losses, but a gloomy demand outlook stemming from fears of a liquidity crunch in China and the U.S.
*China credit crunch worries spark oil demand concerns. SINGAPORE, June 25- Brent crude slipped below $101 a barrel on Tuesday, as fears of a liquidity crunch in China and the U.S. "People are more comfortable that the U.S. has hit a sustainable recovery, but China is looking worse.
*China credit crunch sparks oil demand concerns. SINGAPORE, June 25- Brent crude slipped below $101 a barrel on Tuesday, as fears of a liquidity crunch in China and the U.S. "People are more comfortable that the U.S. has hit a sustainable recovery, but China is looking worse.
NEW YORK, June 24- Brent and U.S. crude prices rose on Monday, rebounding off a three-week low as record flooding in Canada's main oil-producing province threatened exports to the United States.