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Business Middle East

  • "If you look at what's happening in financial markets in general, there has been a reflection of more optimism than there was at this time last year," said Jim Smith, president and chief executive officer of Thomson Reuters, in an interview with Reuters on Friday. Thomson Reuters, the parent of Reuters News, competes for financial customers with Bloomberg LP, as well...

  • LONDON, April 27- Coffee and sandwich chain Pret A Manger wants to increase the number of Britons working in its UK shops to cushion it from potential damage if European Union workers stay away after Brexit, its boss said on Thursday. The status of citizens from other EU countries living in Britain has been clouded by last June's Brexit vote with the UK government...

  • "If you look at what's happening in financial markets in general, there has been a reflection of more optimism than there was at this time last year," said Jim Smith, president and chief executive officer of Thomson Reuters, in an interview with Reuters on Friday. Thomson Reuters, the parent of Reuters News, competes for financial customers with Bloomberg LP, as well...

  • *2016 net loss 782 mln euros vs 2015 loss 447 mln. BERLIN, April 28- Air Berlin reported a record net loss of 782 million euros in 2016 as well as a widening loss in the first quarter of 2017, and said it was seeking new partners as it battles to revive its fortunes. Air Berlin, 29 percent owned by Abu Dhabi- based Etihad, is already undergoing a restructuring that will see...

  • DETROIT, April 28- General Motors Co on Friday reported better-than-expected first-quarter net income driven by strong sales of its profitable large pickup trucks and crossovers in the United States, sending its shares up nearly 2 percent in premarket trading. "We are executing our plan and it's delivering results," Chief Financial Officer Chuck Stevens told...

  • Sales in the company's Financial& Risk division, which accounted for more than half of the company's revenue, outpaced cancellations, a key indicator of future growth, driven by sales in Europe, Middle East, Africa and Asia. "If you look at what's happening in financial markets in general, there has been a reflection of more optimism than there was at this time last...

  • April 28- Supply and demand in the oil market could fall into balance by the end of this year if OPEC and its partners extend their deal to reduce crude output, a Reuters survey forecast on Friday. "Growing oil production in the U.S. will remain a deterrent to further extensions to the output cap by OPEC and non- OPEC countries... once again reinvigorate debate on...

  • *Asian buyers take nearly 2 mln bpd of Iran oil in March. Iran's top four Asian buyers- China, India, South Korea and Japan- imported 1.97 million barrels per day last month, government and ship-tracking data showed This is marginally below February, when Iran sold the highest volumes overseas since at least 2010, International Energy Agency data showed.

  • Commodities tomorrow:

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.

  • *Among first will be King Faisal Hospital in Riyadh. RIYADH, April 27- The Saudi Arabian government believes it can raise around $200 billion in the next several years by selling stakes in state enterprises ranging from hospitals to airports and grain silos. If achieved, $200 billion of privatizations would transform the Saudi economy by putting large parts in...

  • *Among first will be King Faisal Hospital in Riyadh. RIYADH, April 27- The Saudi Arabian government believes it can raise around $200 billion in the next several years by selling stakes in state enterprises ranging from hospitals to airports and grain silos. If achieved, $200 billion of privatisations would transform the Saudi economy by putting large parts in...

  • RIYADH'S KING FAISAL HOSPITAL WILL BE AMONG FIRST ASSETS OFFERED- VICE MINISTER.

  • LONDON, April 27- A sharp dip in bad loans shows that Standard Chartered is turning a corner, its Chief Financial Officer told Reuters a day after reporting the bank's first quarter profit had doubled. Losses from bad debts have plagued the bank in recent years, with its struggles to recoup a $1 billion loan to Indonesian mining tycoon Samin Tan emblematic of its...

  • *Airbus CEO says Austria fraud probe politically motivated. PARIS/ VIENNA, April 27- A heated row broke out between Austria and Europe's largest aerospace company on Thursday as Airbus Chief Executive Tom Enders accused Vienna of playing politics with a fraud investigation and the government told him to calm down. Vienna prosecutors launched the probe into...

  • MILAN, April 27- European shares fell from 20- month highs on Thursday as weaker banks weighed, with the broader market little moved by a widely expected European Central Bank decision to stand pat on policy. France's CAC fell 0.3 percent, off Wednesday's nine-year high. The news conference by Mario Draghi saw equity indexes see-sawing but remarks from the...

  • MUNICH, April 27- Joachim Wenning admitted he would not be to everyone's liking long before taking the helm of Germany's Munich Re. While shareholders praised von Bomhard for navigating the global financial crisis, low interest rates and declining reinsurance prices have eroded profit in recent years. "I'm glad that Mr Wenning has already agreed to take this on...

  • ISLAMABAD, April 27- Pakistan's financial regulator is escalating investigations against stockbrokers in a campaign to curb insider trading and illegal leveraging in the stock market, its executive director said in an interview. Pakistan's benchmark stocks index was one of the world's best performing last year and has returned more than 900 percent since...

  • ISLAMABAD, April 27- Pakistan's financial regulator is escalating investigations against stockbrokers in a campaign to curb insider trading and illegal leveraging in the stock market, its executive director said in an interview. Pakistan's benchmark stocks index was one of the world's best performing last year and has returned more than 900 percent since...

  • ISLAMABAD, April 27- Pakistan's financial regulator is escalating investigations against stockbrokers in a campaign to curb insider trading and illegal leveraging in the stock market, its executive director said in an interview. Pakistan's benchmark stocks index was one of the world's best performing last year and has returned more than 900 percent since...

  • ISLAMABAD, April 27- Pakistan's financial regulator is escalating investigations against stockbrokers in a campaign to curb insider trading and illegal leveraging in the stock market, its executive director said in an interview. Pakistan's benchmark stocks index was one of the world's best performing last year and has returned more than 900 percent since...