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Business Industrials

  • LONDON, June 8- The escalating diplomatic conflict between Qatar and several of its Middle East neighbours has roiled the liquefied natural gas trade, causing at least one tanker to change course and UK gas prices to spike. Saudi Arabia, the United Arab Emirates, Egypt and others this week severed diplomatic and transport links with Qatar, the world's biggest LNG...

  • LONDON, June 8- The escalating diplomatic conflict between Qatar and several of its Middle East neighbours has roiled the liquefied natural gas trade, causing at least one tanker to change course and UK gas prices to spike. Saudi Arabia, the United Arab Emirates, Egypt and others this week severed diplomatic and transport links with Qatar, the world's biggest LNG...

  • BRUSSELS, June 8- The European Union proposed new rules on Thursday to more effectively tackle alleged unfair competitive practices by foreign airlines as it seeks to ensure European carriers can withstand fierce competition overseas. Should the Commission find that the practices of a third country or airline are causing injury, or threat of injury, to...

  • BRUSSELS, June 8- The European Union proposed new rules on Thursday to more effectively tackle alleged unfair competitive practices by foreign airlines as it seeks to ensure European carriers can withstand fierce competition overseas. "We want to ensure that Europe remains a leader in international aviation, well connected to fast-growing markets, with...

  • FRANKFURT, June 8- Ailing German airline Air Berlin said on Thursday it has asked the German states of North-Rhine Westphalia and Berlin to consider possible loan guarantees amid signs of waning support from Etihad Airways, its biggest shareholder. Abu Dhabi- owned Etihad, which has thrown Air Berlin several life lines over the years, earlier on Thursday said it...

  • *TUI says remains open to partnerships, joint ventures. *Etihad says Air Berlin leisure to remain independent. FRANKFURT/ ABU DHABI, June 8- Abu Dhabi- based Etihad Airways said on Thursday it had pulled out of talks with Europe's largest tour operator TUI Group to create a joint venture holiday airline.

  • CANCUN, Mexico, June 7- Low-cost, long-haul air travel has taken off across the Atlantic, shaking a club of major airlines meeting in Mexico this week and forcing established flag carriers to set up budget subsidiaries or lower fares. Norwegian Air Shuttle and Icelandic rival Wow have grabbed headlines with fares as low as $69 and $55 this summer, although Wow's...

  • LONDON, June 8- Royal Dutch Shell has sent a replacement cargo of liquefied natural gas from the United States to Dubai, shipping data shows, after a diplomatic row disrupted typical trade routes from Qatar, the world's biggest producer. Shell has a deal to supply the Dubai Supply Authority with LNG which it typically sources from Qatar because of its proximity.

  • LONDON, June 8- Royal Dutch Shell has sent a replacement cargo of liquefied natural gas from the United States to Dubai, shipping data shows, after a diplomatic row disrupted typical trade routes from Qatar. Shell has a deal to supply the Dubai Supply Authority with LNG which it typically sources from Qatar because of its proximity. The Maran Gas Amphipolis tanker,...

  • *TUI says remains open to partnerships, joint ventures. FRANKFURT, June 8- Abu Dhabi- based Etihad Airways said on Thursday it had pulled out of talks with TUI Group, Europe's largest tour operator, aimed at creating a new joint venture holiday airline. After all, the aviation sector is characterized by overcapacity in Germany, "TUI's executive board member...

  • *Moscow aims to resettle 1 mln residents over 15 years. MOSCOW, May 25- Russian developers who had hoped to be able to co-invest in Moscow's planned $50 billion program to resettle almost a million residents will only be involved as contractors, the city's deputy mayor told Reuters. Sales fell by as much as 30 percent in 2015 and although the market started to...

  • SINGAPORE, June 8- Abu Dhabi Petroleum Ports Authority has re-imposed a ban on oil tankers linked to Qatar calling at ports in the United Arab Emirates, reversing an earlier decision to ease restrictions, and potentially creating a logjam of crude cargoes. It states: "Denial of entry into any of the Petroleum Ports, for all vessels arriving from, or destined to Qatar,...

  • SINGAPORE/ DUBAI, June 7- Abu Dhabi petroleum port authorities have eased restrictions on oil tankers going to and from Qatar, according to industry sources and shipping circulars seen by Reuters on Wednesday. Abu Dhabi Petroleum Ports Authority issued a new circular on Wednesday removing previous restrictions on non- Qatar owned, flagged or operated vessels...

  • WASHINGTON, June 7- The U.S. government might expand a ban on larger electronics like laptops in airplane cabins to flights originating from dozens of airports in Europe, the Middle East and Africa, the head of Homeland Security said on Wednesday, though an expansion could be avoided if countries agree to improved security procedures. "We are looking right now at...

  • Energy and industrials lag, utilities and financials lead

    CNBC's Mike Santoli talks to Jim McCaughan, Principal Global Investors CEO, and Cassandra Toroian, Bell Rock Capital, about the winners and losers at the closing bell.

  • CANCUN, Mexico, June 7- Low-cost, long-haul air travel has taken off across the Atlantic, shaking a club of major airlines meeting in Mexico this week and forcing established flag carriers to set up budget subsidiaries or lower fares. Norwegian Air Shuttle and Icelandic rival Wow have grabbed headlines with fares as low as $69 and $55 this summer, although Wow's...

  • GABORONE, June 7- Botswana's largest tourism company, Wilderness Holdings, is the government's preferred bidder for national airline Air Botswana, which is being privatized, a transport ministry official said on Wednesday. Wilderness, which operates small aircraft under Wilderness Air, beat South Africa's CemAir at the last hurdle of the bidding process,...

  • MOSCOW, June 7- Russian lender VTB Group said its subsidiary VTB Bank Austria has agreed a 10- year euro-denominated financing deal with Turkish-German budget airline SunExpress for the purchase of three new Boeing aircraft. The three planes were delivered to SunExpress between April 27 and May 22. SunExpress is operated by Turkish Airlines and Lufthansa.

  • SINGAPORE/ DUBAI, June 7- Abu Dhabi port authorities have eased restrictions on oil tankers going to and from Qatar, according to industry sources and shipping circulars seen by Reuters on Wednesday. Abu Dhabi Petroleum Ports Authority issued a new circular on Wednesday removing previous restrictions on non- Qatar owned, flagged or operated vessels sailing to...

  • SINGAPORE/ DUBAI, June 7- Abu Dhabi port authorities have eased restrictions on oil tankers going to and from Qatar, according to industry sources and shipping circulars seen by Reuters on Wednesday. Abu Dhabi Petroleum Ports Authority issued a new circular on Wednesday removing previous restrictions on non- Qatar owned, flagged or operated vessels sailing to...