WASHINGTON— Accident investigators say there are systemic weaknesses in the way natural gas providers protect against the rupture of major, high-pressure pipelines in populated areas. They are pointing to three powerful accidents in California, Florida and West Virginia in recent years. A report by the National Transportation Safety Board urges changes...» Read More
NEW YORK, Aug 6- The possibility of a wave of "me-too" claims against Argentina is threatening to scupper any of the relief the sovereign might eventually gain from ongoing talks between international banks and litigant investors.
CALGARY, Alberta, Aug 7- Canadian Natural Resources Ltd, the country's No.2 oil and gas company, lowered its 2014 oil production guidance on Thursday as a result of issues at its Kirby South and Primrose oil sands projects in northern Alberta.
NEW YORK, Aug 7- U.S. stocks dipped in choppy trading Thursday, with all three indexes erasing morning gains spurred by upbeat labor data, amid uncertainty following Russia's retaliatory measures over Western sanctions.
The creditors are considering an offer from Citigroup, JP Morgan, HSBC and Deutsche Bank of 80 cents on the dollar for their roughly $1.66 billion holdings of Argentine debt, Thomson Reuters IFR revealed on Wednesday. Argentina's Economy Ministry declined to comment but has said previously there was nothing to prevent private parties reaching an agreement.
BRENT CRUDE OIL FUTURES UP $1 PER BARREL IN POST SETTLEMENT TRADE.
*Obama considering Iraq air strike report helps. NEW YORK/ LONDON, Aug 7- Gold prices rose on Thursday as safe-haven buying amid rising tensions in Iraq and Ukraine extended the previous session's rally, and analysts said the metal could gain further after having breached key technical resistance.
Around 90 new meat plants in Brazil were immediately approved to export beef, chicken and pork to Russia and the South American nation is already working to increase its exports of corn and soybeans sales to Russian buyers, Brazil's secretary of agricultural policy, Seneri Paludo, said on Thursday.
BRASILIA, Aug 7- If Aecio Neves wins the presidency this October, he would allow Brazil's currency to float freely, leaving the market to set the exchange rate in a move that would likely help local industries struggling with a strong real.
JOHANNESBURG, Aug 7- Investors fled African Bank Investments on Thursday, as the South African lender faced a $790 million hole from a flood of unsecured loans gone bad and its furniture retail business applied for creditor protection.
NEW YORK, Aug 7- Crude oil climbed on Thursday, rebounding from the lowest prices in months as the security situation in northern Iraq deteriorated, reviving concerns about supply disruptions. White House spokesman Josh Earnest would not confirm that airstrikes were being considered, saying: "There are no American military solutions to the problems in Iraq."
*Russia bans all meat, fish, poultry, dairy, fruit and veg from US, EU, Canada, Australia, Norway. MOSCOW/ DONETSK, Ukraine, Aug 7- Moscow banned imports of most food from the West on Thursday in retaliation against sanctions over Ukraine, a stronger than expected measure that isolates Russian consumers from world trade to a degree unseen since Soviet days.
Aug 7- Stratasys Ltd reported better-than-expected quarterly results and raised its profit and revenue forecast for the year, driven by strong demand for its 3 D printers. Stratasys, which traditionally sold industrial printers worth $15,000- $750,000, bought MakerBot last year to offer printers starting at just over $1000.
NEW DELHI, Aug 7- India has offered to significantly increase an order for U.S. attack helicopters, Indian officials said, as U.S. India has offered a follow-on order of 39 AH-64D Apache helicopters in addition to the 22 now being negotiated, an Indian Defence Ministry official said.
*NY Times says Obama weighing airstrikes, White House cautious. *France, Pope urge international action to stop Islamists.
LONDON, Aug 7- In the face of sanctions that have frozen international lending to Russia, a small group of European banks are trying to refinance existing loans to big companies there in order to protect their business. Bank Austria, the central and eastern Europe arm of Italian bank UniCredit, said this week it expects to keep making solid profits in Russia.
*Expects key drug launches in fourth quarter despite FDA delay. Aug 7- Political opposition to tax-inversion deals will not stop Mylan Inc's purchase of some non-U.S. businesses from Abbott Laboratories, Chief Executive Heather Bresch said, even as some companies have backed away from such tax arrangements.
PARIS/ BRUSSELS, Aug 7- European agriculture officials will on Monday set up a task force to analyse the impact of a Russian ban on EU food imports and expect to call an emergency meeting to coordinate an EU response, the European Commission said.
WASHINGTON, Aug 7- A quarter of U.S. families feel they are under economic stress due to the aftershock of the Great Recession and most do not expect their wages to increase in the next year, according to a new Federal Reserve study released on Thursday.
*Wheat falls after hitting highest since June 30. Traders said the wheat market was in focus due to concerns about how the conflict between Russia and Ukraine would affect exports from the Black Sea region.
*Germany is Russia's biggest European Union trade partner. BERLIN, Aug 7- Companies in Germany, Russia's biggest trade partner in the European Union, are starting to feel the pain of a deepening standoff between the West and Moscow, with firms from defence to car manufacturing warning about a hit to business.