U.S. refiners could be helping set the stage for another day of reckoning for oil prices. » Read More
The European Central Bank is not expected to cut rates at the monthly policy making session despite weaker economic data, but was seen likely to be pressed on negotiations with Spain over its financing needs in the news conference which follows.
*Oil India to get 20 pct, Indian Oil Corp 10 pct in Niobrara shale acreage. and Indian Oil Corp have jointly bought a 30 percent stake in Houston- based Carrizo Oil& Gas's Niobrara shale asset in Colorado for $82.5 million, the companies said in a statement.
SYDNEY, Oct 4- The U.N. atomic agency has yet to agree a date for further talks with Iran and has little hope for a speedy resolution to a standoff with Tehran over its nuclear programme, the head of the nuclear watchdog said on Thursday.
By Saeed Azhar and Kelvin Soh SINGAPORE/ HONG KONG, Oct 4- Standard Chartered's. Six of Standard Chartered's 16 directors hold executive positions at the bank, including CEO Peter Sands, Finance Director Richard Meddings and Asia Chief Executive Jaspal Bindra.
Several traders from the bazaar, whose merchants played a major role during Iran's 1979 Islamic revolution, told Reuters by telephone that most stores were closed as businessmen stayed away for safety reasons.
LONDON, Oct 4- A leading media watchdog has accused Iran of trying to cow journalists into silence and self-censorship, adding to international pressure on Tehran over its treatment of activists and the press.
*Spain expected to ask for euro zone financial bailout. *Unrest in Iran, Turkey- Syria raise geopolitical worries. LONDON, Oct 4- Brent crude oil rose towards $109 per barrel on Thursday as expectations Spain would seek a bailout and better U.S. data encouraged investors back into riskier assets such as oil and commodities.
*Jittery investors await U.S. job data, watch Europe. *Social unrest in Iran, Turkey- Syria clashes in focus. SINGAPORE, Oct 4- Brent futures edged up towards $109 per barrel on Thursday as a steep drop in the previous session brought in bargain hunters, while investors awaited further cues from a European Central Bank policy meeting and critical U.S. jobs data.
As Iran’s Currency Plunges, Investors Warned on Debasement Social cohesion and trust in a country’s currency are intrinsically linked, according to Dylan Grice from the strategy team at Societe Generale who is warning that history is ‘replete’ with great disorders in which social cohesion has been undermined by the debasement of a currency.
MOSCOW, Oct 4- Here are events and news stories that could move Russian markets on Thursday. MOSCOW- "Russia Calling" investment conference held by VTB Capital. MOSCOW- Briefing by Alexey Simanovsky, First Deputy Chairman of the Central Bank of Russia.
DUBAI, Oct 4- An Islamic trade association in Iran strongly condemned the protests that flared in Tehran's main bazaar as an enemy conspiracy and said traders had dealt with the "treacherous" acts, Iran's state news agency reported late on Wednesday.
*Jittery investors await U.S. job data, watch Europe. *Social unrest in Iran, Turkey- Syria clashes in focus. SINGAPORE, Oct 4- Brent futures steadied above $108 a barrel on Thursday after a sharp drop in the previous session, with investors waiting for a European Central Bank policy meeting and critical jobs data out of the United States this week for more trading cues.
SINGAPORE, Oct 3- Danish oil and shipping group A.P. Moller Maersk says it will talk to Vitol to determine whether one of its tankers was used by the trading house to ship Iranian fuel oil. The cargo was transferred aboard the Danish tanker from Vitol's floating storage off Malaysia, the document shows, and shipped to storage in Singapore.
John Kingston, Global Director Of News, Platts thinks the world's ability to fill the void left by sanctions on Iranian crude are the root cause for protests in Iran.
*Russia may be irritated with calls for new sanctions-envoys* Israel has threatened military action against Iran By Louis Charbonneau.
*China, Europe services PMI disappoint. NEW YORK, Oct 3- Oil prices fell sharply on Wednesday as disappointing economic data from China and Europe reinforced concerns about slowing growth and a weakening demand for petroleum, even as supportive U.S. data strengthened the dollar.
The protests over the plunging Iranian rial are taking currency wars to a whole new level.
CNBC's Michelle Caruso-Cabrera reports Iranian currency has fallen 40 percent in the last week.
TEHRAN, Iran-- Iranian authorities used aggressive measures Wednesday in an attempt to halt the nosedive of the country's currency, making arrests, vowing to stamp out sidewalk money changers and warning merchants against fueling the mounting public anger over the economy.
By Yeganeh Torbati and Marcus George. DUBAI, Oct 3- Riot police clashed with demonstrators and arrested money changers in Tehran on Wednesday in disturbances over the collapse of the Iranian currency, which has lost 40 percent of its value against the dollar in a week, witnesses said.