Business Iraq

  • The head of Iraq's Counter Terrorism Service said security forces were close to seizing the entire east bank of the Tigris, which bisects Mosul north to south. For the ultra-hardline Islamic State, losing Mosul would probably spell the end of the Iraqi side of its self-styled caliphate, which it declared in 2014.. The military will be able to begin attacks on...

  • Robots in the Kuka stand pour a beer into a glass at the Hannover Messe industrial trade fair in Hanover, Germany April 23, 2016.

    Germany is the safest place for Chinese investment, followed by New Zealand, Australia and the United States, the SCMP reports.

  • *Worries that militants may have melted into civilian population. *Residents face trauma of jihadists' brutal 2-1/ 2 year rule. MOSUL, Iraq, Jan 12- Iraqi soldiers kicked in the gate of a home in eastern Mosul and emerged moments later with two young men whose hands they bound with plastic ties and dragged off towards black Humvees.

  • NEW YORK, Jan 11- Oil prices jumped more than 2.5 percent on Wednesday, their biggest daily rise in more than a month, lifted as the U.S. dollar weakened following a news conference by U.S. President-elect Donald Trump and on news that Saudi Arabia cut exports to Asia. Brent futures rose $1.46, or 2.7 percent, at $55.10 a barrel, while U.S.

  • President-elect Donald Trump, and on news that Saudi Arabia had cut exports to Asia. "The main reason for the oil price rise was that the dollar was down," said Phil Davis, managing partner at PSW Investments in Woodland Park, New Jersey. Brent futures were up $1.76, or 3.3 percent, at $55.40 a barrel by 2:06 p.m. EST.

  • NEW YORK, Jan 11- Oil prices rose for the first time in three days on Wednesday, boosted by an early Wall Street rally ahead of a news conference by U.S. President-elect Donald Trump, and also lifted by news of Saudi supply cuts to Asia. Wall Street shares rose early ahead of the speech in which Trump was expected to provide more details about his plans for the world's...

  • NEW YORK, Jan 11- Oil prices rose for the first time in three days on Wednesday ahead of the U.S. weekly inventory data, following news of Saudi supply cuts to Asia. "We expect some bullish OPEC rhetoric to ramp up in an attempt to neutralize the bearish vibes that have emanated from the recent production increases indicated out of Libya, Iran, Iraq and Nigeria," Jim...

  • *India, Malaysia so far notified of cuts. LONDON, Jan 11- Oil prices rose for the first time in three days on Wednesday, following news of Saudi supply cuts to Asia, but persistent doubt over output reductions and signs of rising shipments from other producers kept gains in check. "Few envision that Brent crude at sub- $50 a barrel is a viable price amid OPEC production...

  • *India, Malaysia so far notified of cuts. LONDON, Jan 11- Oil prices rose for the first time in three days on Wednesday, following news of Saudi supply cuts to Asia, but persistent doubt over output reductions and signs of rising shipments from other producers kept gains in check. "Few envision that Brent crude at sub- $50 a barrel is a viable price amid OPEC production...

  • *India, Malaysia have so far been notified of cuts. Traders said the gains were a result of mounting reports that Saudi Arabia, the world's top oil exporter, was cutting crude supplies slightly from contracted volumes in February, including to India and Malaysia. Seeking to plug any supply gap left by the OPEC production cuts, European and Chinese traders are...

  • *India, Malaysia have so far been notified of cuts. Traders said the gains were a result of mounting reports that Saudi Arabia, the world's top oil exporter, was cutting crude supplies slightly from contracted volumes in February, including to India and Malaysia. Seeking to plug any supply gap left by the OPEC production cuts, European and Chinese traders are...

  • India and Malaysia have so far been notified of cuts. SINGAPORE, Jan 11- Oil edged up on Wednesday, lifted by reports of Saudi supply cuts to Asia, but gains were capped by a lack of detail about the reductions and because of signs of rising supplies from other producers. Traders said the rise in prices was a result of mounting reports that Saudi Arabia, the world's top...

  • SINGAPORE, Jan 11- Oil edged up on Wednesday, lifted by reports of Saudi supply cuts, but prices were prevented from rising further over a lack of detail of these reductions and because of signs of rising supplies from other producers. Prices for Brent futures, the international benchmark for oil prices, were trading at $53.73 per barrel at 0508 GMT, up 9 cents from...

  • SINGAPORE, Jan 11- Oil edged up on Wednesday, lifted by reports of Saudi supply cuts to Asia, but prices were prevented from rising further over a lack of detail of these reductions and because of signs of rising supplies from other producers. Prices for Brent crude futures, the international benchmark for oil prices, were trading at $53.75 per barrel at 0316 GMT, up...

  • SINGAPORE, Jan 11- Oil prices edged up on Wednesday, lifted by a small supply cut by crude exporter Saudi Arabia, but markets remained under pressure from signs that the planned OPEC output reductions were being poorly implemented and as supplies from elsewhere rose. Prices for Brent crude futures, the international benchmark for oil prices, were trading at...

  • SINGAPORE, Jan 11- Oil prices recovered slightly on Wednesday from steep slides the previous day, but traders said markets remained under pressure from signs that planned OPEC output cuts were being poorly implemented and as supplies from elsewhere rose. West Texas Intermediate crude oil futures were trading at $50.98 a barrel at 0028 GMT, 16 cents above their...

  • The country's southern oil exports in early January held steady near a record high, despite the agreed start of OPEC cuts, according to an industry source and loading data. Oil prices "are consolidating at the lower levels... after doubts emerged over the degree of compliance with OPEC production cuts as Iraqi exports remain high, as well as the more general pace of...

  • The country's southern oil exports in early January held steady near a record high, despite the agreed start of OPEC cuts, according to an industry source and loading data. Oil prices "are consolidating at the lower levels... after doubts emerged over the degree of compliance with OPEC production cuts as Iraqi exports remain high, as well as the more general pace of...

  • Members of the Organization of the Petroleum Exporting Countries, such as Saudi Arabia, appear to be reducing production under a global deal to rein in oversupply but it is unclear whether other big producers like Iraq will follow suit. The country's southern oil exports in the first nine days of January held steady near a record high, despite the agreed start of...

  • The country's southern oil exports in the first nine days of January held steady near a record high, despite the agreed start of OPEC cuts on Jan. 1, according to a source and loading data. "The petroleum markets are consolidating at the lower levels reached in Monday trade after doubts emerged over the degree of compliance with OPEC production cuts as Iraqi...