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Business Middle East

  • SINGAPORE, Nov 2- Brent crude slipped below $108 a barrel on Friday as investors look ahead to key jobs data from the United States for more signs of economic recovery, which would boost fuel demand.

  • WASHINGTON, Nov 1- Standard Chartered is close to wrapping up discussions to resolve U.S. investigations into its Iran- linked transactions and nearing agreement on a fine in the $300- million range, mirroring a much-publicized state settlement over similar allegations, according to four people familiar with the matter.

  • Nov 1- Starbucks Corp raised its profit forecast for the current fiscal year and plans to speed up new store openings, as strength in its latest quarter and new products, gave the company confidence not seen by many of its peers in the U.S. restaurant industry.

  • GREEN BAY, Wisconsin- President Barack Obama and Republican Mitt Romney were back on the attack on Thursday, breaking a storm-induced campaign truce to hit the road and pound home their closing messages in the final stretch of a tight battle for the White House.

  • *Joe Hinrichs moves to head of the Americas. Nov 1- Ford Motor Co said Alan Mulally has agreed to stay on as chief executive for at least two more years, giving the No. 2 U.S. automaker more time to gauge potential successors-- or keep Mulally on longer if needed.

  • LONDON, Nov 1- Banks will have to hold more capital after recent hefty fines, trading losses, money laundering and rate-rigging showed that operational risks are not being covered properly. U.S. energy regulators this week proposed fining the bank $470 million for alleged rigging of California's power markets.

  • *Exodus of talent and money from Russia. Russia is exporting three things in great quantity, says a leading Moscow banker: natural resources, capital and people. Only the first could be regarded as healthy and sustainable; the other two imply that oligarchs and ordinary citizens alike are turning their back on Putin's Russia.

  • *Q3 adj EPS $0.85 v Street view $0.98. TORONTO, Nov 1- Barrick Gold Corp reported a sharp drop in third-quarter profit on Thursday, nudged back the production date for its massive Pascua-Lama gold and silver mine and increased its estimate on costs.

  • Third-quarter results from Exxon Mobil, Royal Dutch Shell and other top international players released over the past few days mostly beat expectations thanks to a shortage of the fuels and other crude-oil based products they make.

  • CALGARY, Alberta, Nov 1- Suncor Energy Inc said on Thursday that rising light oil production threatens the profitability of a massive new upgrading facility planned by Canada's dominant oil sands producer as it delayed plans to expand output from the world's third-largest oil reserve.

  • RIYADH, Nov 1- At least 23 people were killed when a fuel truck crashed into a flyover in the Saudi capital Riyadh on Thursday, triggering an explosion that brought down an industrial building and set fire to nearby vehicles.

  • Commodities Tomorrow: Jobs Data Tomorrow

    CNBC's Sharon Epperson discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.

  • *Joe Hinrichs moves to head of the Americas. Nov 1- Ford Motor Co promoted long-time executive Mark Fields to chief operating officer as part of a management shuffle announced on Thursday that keeps Alan Mulally as chief executive for at least two more years.

  • Exxon Mobil, the world's largest publicly traded oil company, reports a lower profit that topped expectations, as higher results from its refining arm counters a 7.5 decline in oil and gas output. (EXXON-EARNINGS/ moved, by Anna Driver, 320 words).

  • NEW YORK, Nov 1- New Yorkers awoke to the rumble of subway trains for the first time in four days on Thursday and the death toll continued to rise from the former hurricane Sandy, one the biggest and most devastating storms ever to hit the United States.

  • LONDON/ HOUSTON, Nov 1- The world's top oil and gas companies are struggling to improve output and failing to capture the full value of a resilient price for crude oil while weak gas prices in the United States take their toll.

  • DUBAI, Nov 1- The United Arab Emirates' Dana Gas failed to repay a $920 million Islamic bond on maturity, prompting a source close to holders of the bond to say they will stake claim to the natural gas producer's extensive Egyptian assets.

  • *Super storm Sandy seen impacting fuel demand on US East Coast. LONDON, Nov 1- European oil futures fell on Thursday as investors continued to analyse the aftermath of super storm Sandy, while U.S. futures gained as U.S. markets geared back up after the severe battering to the east coast delivered by Sandy.

  • RIYADH, Nov 1- At least 22 people were killed when a fuel truck crashed into a flyover in the Saudi capital Riyadh on Thursday, triggering an explosion that brought down an industrial building, Saudi state television reported.

  • LONDON- Britain threatened on Thursday to veto any deal on the European Union budget that is not good for the British taxpayer, a day after a humiliating defeat in parliament undermined Prime Minister David Cameron's authority.