RIYADH, Oct 26- Saudi Basic Industries Corp, one of the world's largest petrochemicals groups and the Gulf's largest listed company, reported a 4.5 percent drop in third-quarter net income on Sunday, missing analysts' forecasts. It earned 6.18 billion riyals in the quarter, compared to 6.47 billion riyals in the year-earlier period, SABIC reported in a bourse...» Read More
CAPE TOWN, June 17- South African President Jacob Zuma put the need to boost economic growth at the center of the first major policy speech of his second term on Tuesday, saying he hoped to lift annual growth to 5 percent by 2019..
*Questions mount if Iraq can increase oil output at all. MOSCOW/ NEW DELHI, June 17- Some oil companies are pulling foreign staff from Iraq, fearing Sunni militants from the north could strike at major oilfields concentrated in the Shi'ite south despite moves by the Baghdad government to tighten security.
Committee Chairman Dianne Feinstein, a California Democrat, and Vice Chairman Saxby Chambliss, a Georgia Republican, spent more than a month smoothing out disagreements that have thwarted passage of such legislation in the past.
ZUMA: PLANS TO FINANCE SOUTH AFRICA'S NEXT LARGE COAL-FIRED POWER PLANT WILL BE ACCELERATED.
WASHINGTON, June 17- The pricing model used by U.S. stock exchanges to attract liquidity came under fire on Tuesday, as several Wall Street executives called for ending the practice and two U.S. senators raised concerns about the potential conflicts it creates.
WASHINGTON, June 17- The U.S. Food and Drug Administration on Tuesday issued proposed guidelines for the pharmaceutical and medical device industries for posting information on social media networks and correcting misinformation posted by others. To illustrate, the FDA provided the example of a hypothetical memory loss drug, NoFocus.
*EU Commission says EU food safety laws will not change. BRUSSELS, June 17- A planned EU/U. But after a year of talks on the Transatlantic Trade and Investment Partnership, agriculture is emerging as one of the most difficult areas.
ZUMA SAYS TO UNDERTAKE DIRECT RESPONSIILITY FOR BUILDING A SUSTAINABLE MINING INDUSTRY.
NEW YORK/ LONDON, June 17- Gold edged lower on Tuesday, backing away from the previous session's three-week highs as a stronger dollar and possible thawing of Middle East-West tensions quelled appetite for safe-haven assets.
SOUTH AFRICAN PRESIDENT ZUMA SAYS HOPES TO ACHIEVE 5 PCT ANNUAL GROWTH BY 2019.
LONDON, June 17- Britain and China signed deals on Tuesday worth more than 14 billion pounds during a visit by Chinese Premier Li Keqiang, with energy and finance dominating the trade agenda.
ARGENTINA'S 5- YEAR CDS CONTRACT MIDSPREAD UP 20 PERCENT TO 3190, UPFRONT RISES TO 56.3 PCT, UP FROM 52.7 ON MONDAY-MARKIT.
ARGENTINA'S 1- YEAR CDS CONTRACT MIDSPREAD UP 19 PERCENT TO 7200, HIGHEST SINCE JUNE 2013, UPFRONT RISES TO 42.9 PCT, UP FROM 38.6 PCT ON MONDAY-MARKIT.
WASHINGTON, June 17- The U.S. Senate's chief tax law writer on Tuesday vowed to work on overhauling the federal tax code by August 2015, citing a move by Medtronic Inc to shift its tax home base to Ireland as a spur to congressional action.
OSLO, June 17- Climate change is a growing threat to tourism, from thawing ski resorts to coral reefs hit by warmer seas, and the industry itself should do more to curb its soaring greenhouse gas emissions, a study showed on Tuesday.
SAN FRANCISCO, June 17- Facebook Inc launched a smartphone app on Tuesday that will allow consumers to exchange disappearing photos and videos without requiring Facebook accounts, the Internet company's latest effort to develop mobile services beyond its core social network.
WASHINGTON, June 17- U.S. consumer prices recorded their largest increase in more than a year in May as costs for a range of goods and services rose, likely easing the Federal Reserve's concerns that inflation was running too low.
*Soybeans drop below $14, fund selling noted. CHICAGO, June 17- U.S. soybean futures fell 1.6 percent at the Chicago Board of Trade on Tuesday, dropping below $14 a bushel for the first time since March 24, on the easing of pressure on the U.S. balance sheet, traders said.
ROME, June 17- Italy's economic recovery remains fragile and Matteo Renzi's government needs to take rapid steps to increase the country's growth potential and cut debt, the International Monetary Fund said on Tuesday.
June 17- Citigroup Inc's global head of foreign exchange, Jeff Feig, is leaving the bank and will join investment firm Fortress Investment Group LLC as a portfolio manager. Feig, who has been with Citigroup for 25 years, served as the bank's forex chief for 10 years.