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Business Middle East

  • *The most active corn futures on the Chicago Board Of Trade were up 0.2 percent at $3.45-1/ 4 a bushel, as of 0127 GMT, after earlier hitting $3.44-1/ 4 a bushel, their lowest since Oct. 12. *The most active soybean futures were little changed at $9.79 a bushel, near the session low of $9.76 a bushel- their lowest since Oct. 12. *The U.S. Department of Agriculture said private...

  • *Iraq supplies cut amid fighting between govt. forces, Kurds. SINGAPORE, Oct 23- Oil prices rose on Monday over supply concerns in the Middle East and as the U.S. market showed further signs of tightening while demand in Asia keeps rising. "Oil prices are holding comfortably above $50 as possible supply disruptions in the Kurdish region of Iraq support prices," said...

  • SINGAPORE, Oct 23- Oil prices rose on Monday over supply concerns in the Middle East and as the U.S. market showed further signs of tightening while demand in Asia keeps rising. "Oil prices are holding comfortably above $50 as possible supply disruptions in the Kurdish region of Iraq support prices," said William O'Loughlin, investment analyst at Rivkin...

  • SYDNEY, Oct 23- Japanese shares jumped on a weaker yen on Monday as an election win for Shinzo Abe's ruling bloc gave a green light for more super-easy policy stimulus, while the euro eased as Spain's constitutional crisis aggravated concerns about political unity in the region. The U.S. dollar was the major beneficiary as President Donald Trump and Republicans...

  • SYDNEY, Oct 23- Japan's yen hit three-month lows on Monday as an election win for the government gave a green light for super-easy monetary policy, while the euro eased as Spain's constitutional crisis aggravated concerns about political unity in the bloc. The U.S. dollar was the major beneficiary as President Donald Trump and Republicans took a small step...

  • ANKARA, Oct 21- Turkey's banking regulator urged the public on Saturday to ignore rumours about financial institutions, in an apparent dismissal of a report that some Turkish banks face billions of dollars of U.S. fines over alleged violations of Iran sanctions. U.S. authorities have hit global banks with billions of dollars in fines over violations of...

  • A Kurdish fighter from the People's Protection Units (YPG) looks at a smoke after an coalition airstrike in Raqqa, Syria June 16, 2017.

    President Donald Trump on Saturday lauded Syria's defeat of Islamic State (ISIS) forces in the city of Raqqa.

  • ANKARA, Oct 21- Turkey's banking regulator urged the public on Saturday to ignore rumours about financial institutions, in an apparent dismissal of a report that some Turkish banks face billions of dollars of U.S. fines over alleged violations of Iran sanctions. Two senior Turkish economy officials told Reuters that Turkey has not received any notice from the...

  • ANKARA/ ISTANBUL, Oct 21- Six Turkish banks face billions of dollars of fines from U.S. authorities over alleged violations of sanctions with Iran, the Haberturk newspaper reported on Saturday, citing senior banking sources. Two senior Turkish economy officials told Reuters that Turkey has not received any notice from the United States about such penalties,...

  • *U.S. Senate passes budget plan that could usher in tax reform. NEW YORK, Oct 20- World stocks advanced, bond yields rose and the U.S. dollar strengthened on Friday on increased hopes President Donald Trump could make progress on his fiscal plans after the U.S. Senate approved a budget blueprint that paves the way for tax cuts. Republican Senator Rand Paul appeared to...

  • *Kirkuk flows to Ceyhan still at around 200,000 bpd. *Russia's Rosneft takes control of Kurdish oil pipeline. NEW YORK, Oct 20- Oil prices were up slightly on Friday in see-saw trade, ending the week up on support from a sharp decline in Iraqi crude exports due to tensions in the Kurdistan region after contending with weak demand data.

  • *U.S. Senate passes budget plan that could usher in tax reform. NEW YORK, Oct 20- World stocks and bond yields rose and the U.S. dollar strengthened on Friday, as investors anticipated President Donald Trump could make progress on his fiscal plans after the U.S. Senate approved a budget blueprint that paves the way for tax cuts. Republican Senator Rand Paul appeared...

  • *Kirkuk flows to Ceyhan still at around 200,000 bpd. NEW YORK, Oct 20- Oil prices were flat on Friday in see-saw trade, under pressure from weak U.S. demand but drawing support from a sharp decline in Iraqi crude exports due to tensions in the Kurdistan region. Oil exports from Iraq's Kurdistan via the Turkish port of Ceyhan were flowing at average rates of 216,000...

  • *Senate passes budget plan that could usher in tax reform. NEW YORK, Oct 20- World stocks climbed, along with the U.S. dollar and bond yields on Friday, as investors anticipated President Donald Trump could make progress on his fiscal plans after the U.S. Senate approved a budget blueprint that paves the way for tax cuts. Republican Senator Rand Paul appeared to back...

  • U.S. President Donald Trump and German Chancellor Angela Merkel

    Trump's nationalism, isolationism and protectionism will have a profound impact on German business. It's time to find alternative solutions.

  • *Four Arab nations cut ties with Qatar in June. Saudi Arabia, the United Arab Emirates, Bahrain and Egypt severed diplomatic, trade and transport ties with Qatar in June, accusing it of supporting terrorism- a charge Doha denies. Qatar was the biggest shareholder in Gulf container line United Arab Shipping Company, followed by Saudi Arabia.

  • *Canadian dollar at C $1.2578, or 79.50 U.S. cents. TORONTO, Oct 20- The Canadian dollar weakened against its U.S. counterpart on Friday, pressured by data showing a surprise drop in domestic retail sales and as the greenback broadly gained. "That suggests there is a little more deceleration in the economy than the market expected," said Andrew Kelvin, senior rates...

  • WASHINGTON, Oct 20- The United States does not aim to impede European trade and business transactions with Iran despite President Donald Trump's decision last week to decertify the 2015 nuclear agreement, Secretary of State Rex Tillerson told the Wall Street Journal. European Union leaders in Brussels on Thursday highlighted the need to protect their...

  • *Kirkuk flows to Ceyhan still at around 200,000 bpd. Oil exports from Iraq's Kurdistan via the Turkish port of Ceyhan were flowing at average rates on Friday of 216,000 barrels per day, down from the usual flows of around 600,000 bpd, a shipping source said. Iraqi troops regained control of two major oilfields northwest of Kirkuk from Kurdish Peshmerga forces...

  • SoftBank Group Corp. founder, Chairman and CEO Masayoshi Son.

    Deep-pocketed financiers have enabled startups to spurn the regulatory hassles of an IPO even as they become larger than many public companies.