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  • Commodities tomorrow: Crude down again Thursday, 23 Jul 2015 | 4:00 PM ET
    Commodities tomorrow: Crude down again

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

  • VIENNA, July 23- Western firms are itching to return to Iran if sanctions are lifted, but to truly fulfil its potential Tehran should do more to make its business practices efficient and its environment welcoming, executives said at a trade conference. Not in Vienna, "said deputy oil minister Amir Hossein Zamaninia referring to domestic opponents to an historic...

  • PARIS, July 23- The French government unveiled proposals on Thursday to save hundreds of local ferry jobs and end a dispute at the northern port of Calais that has disrupted traffic through the Channel Tunnel for weeks. The dispute has added to public order concerns in Calais, where thousands of migrants from Africa and the Middle East have gathered in the hope of...

  • Less than 10 days after signing its nuclear deal, Iran formally threw open its doors Thursday to European Union companies, eager to do business— and dozens of firms answered the call. But even more than oil and gas are at stake, with Iranian officials also pitching the mining sector, Iran's automotive industry, and the financial sector, at what they bill as the first...

  • BERLIN— In the race to secure business deals with Iran, Germany was quickest out of the blocks. On Sunday, Economy Minister Sigmar Gabriel became the first senior Western official to visit Iran following last week's agreement to ease sanctions on the Islamic nation in exchange for concessions on its nuclear program. Last year, Germany imported goods worth 295...

  • As sales fall in US, McDonald's eyes variety of changes Thursday, 23 Jul 2015 | 8:06 AM ET

    NEW YORK— McDonald's is looking at variety of changes to win back customers in the U.S.: A new value message to replace the Dollar Menu, breakfast all day, and nips and tucks to improve the taste of its burgers. Overseas, McDonald's Corp. said the sales figure rose 1.2 percent in Europe. It fell 4.5 percent in the segment including Asia, the Middle East and Africa, as China...

  • *Accounted for 45 pct of Dubai's June trading volume. DUBAI, July 23- A surge in shares of Amlak Finance since they returned to Dubai's stock market last month has raised concerns about a new wave of unbridled speculation on one of the region's biggest exchanges. Amlak accounted for 45 percent of total traded value on Dubai's bourse in June, eclipsing much bigger...

  • *Iran wants "two-way trade" with Europe- minister. VIENNA, July 23- Iran outlined plans on Thursday for the rebuilding of its core industries and trade links in the wake of a nuclear agreement with world powers, saying it was targeting oil and gas projects worth $185 billion by 2020.. The United Nations Security Council on Monday endorsed a deal to end years of...

  • RAMALLAH, West Bank— Now broadcasting live from a West Bank parking lot, a new Palestinian-funded satellite television channel for Israel's Arab citizens already found its studio closed before it could even fill its airtime. The flap over Palestine 48— named for the year of Israel's creation and Palestinian displacement— reflects strained relations between...

  • WASHINGTON— As President Barack Obama returns to Africa this week, his signature program to help the continent double its access to electricity is in jeopardy, undermined by Congress' refusal to reauthorize the Export-Import Bank. For American companies, that could mean losing out to competitors like China, which is investing heavily in Africa and would be all...

  • South Korea's growth slowest in more than 2 years Wednesday, 22 Jul 2015 | 11:36 PM ET

    SEOUL, South Korea— South Korea's quarterly growth slowed to the lowest in more than two years as a severe drought hit agriculture and an outbreak of Middle East respiratory syndrome sapped consumption. The Bank of Korea said Thursday that South Korea's economy expanded 2.2 percent in the second quarter over a year earlier. Asia's fourth-largest economy eked...

  • *OPEC members say price drop short term. "Demand is reasonably buoyant in the United States, but there's just so much supply," said Ben Le Brun, market analyst at OptionsXpress in Sydney. U.S. crude for September delivery was 11 cents higher at $49.30 by 0300 GMT, after dropping $1.67 on Wednesday to settle below $50 for the first time since April.

  • Commodities tomorrow: Oil gets whacked Wednesday, 22 Jul 2015 | 3:34 PM ET
    Commodities tomorrow: Oil gets whacked

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

  • The notion, embedded in a House of Representatives bill that passed earlier in July and in a Senate transportation bill proposed on Tuesday, has met with criticism from energy experts and economists, many calling it the right idea, but the wrong time. A drilling revolution in the United States has left oil supplies robust at the Strategic Petroleum Reserve, which...

  • Mubarak-era premier gets 5 years in Egypt corruption case Wednesday, 22 Jul 2015 | 11:46 AM ET

    CAIRO— Egypt's official news agency is reporting that a Cairo court has convicted a former prime minister who served under deposed autocrat Hosni Mubarak of illegally amassing wealth while in office, sentencing him to five years in prison in a retrial. Wednesday's verdict follows an appeal from Ahmed Nazif of an earlier three-year sentence.

  • *Indian refiners owe Iran more than $6.5 billion. NEW DELHI, July 22- India's top financial official will visit Iran this weekend to discuss how to pay its oil import dues, sources said on Wednesday after the deal Tehran struck with world powers to curb its nuclear program in return for the lifting of sanctions. The rest was settled in rupees through UCO Bank and...

  • Washington Post seeks UN agency help in freeing reporter Wednesday, 22 Jul 2015 | 9:45 AM ET

    WASHINGTON— The Washington Post has filed an urgent petition with the United Nations in the hopes that the institution will pressure Iran to release journalist Jason Rezaian, the newspaper's top editor and lawyers told U.S. reporters on Wednesday. The Post's lawyers and his family have denied the allegations and say Iran has no credible evidence to keep...

  • Indian official to visit Iran to discuss oil dues Wednesday, 22 Jul 2015 | 8:37 AM ET

    NEW DELHI, July 22- India's top financial bureaucrat will visit Iran this weekend to discuss how to pay its oil import dues, sources said on Wednesday, after Tehran struck a deal with world powers to curb its nuclear program in return for the lifting of sanctions. Finance secretary Rajiv Mehrishi will lead a delegation to Iran from July 25-27, said three sources...

  • UAE to scrap subsidized price controls on fuel Wednesday, 22 Jul 2015 | 5:49 AM ET

    DUBAI, United Arab Emirates— Drivers in the car-loving Emirati cities of Dubai and Abu Dhabi can no longer count on below-market rates at the pump after the OPEC nation unveiled plans Wednesday to scrap existing fuel price controls, starting next month. The surprise move announced by the Ministry of Energy comes as the oil-rich United Arab Emirates, the...

  • Check Point beats Street 2Q forecasts Wednesday, 22 Jul 2015 | 5:09 AM ET

    TEL AVIV, Israel _ Check Point Software Technologies Ltd. on Wednesday reported second-quarter net income of $162.6 million. The average estimate of 16 analysts surveyed by Zacks Investment Research was for earnings of 95 cents per share. Thirteen analysts surveyed by Zacks expected $391.9 million.