×

Business Middle East

  • *India imported about 294,400 bpd from Iran in September. NEW DELHI, Nov 1- India's oil imports from Iran fell about 19 percent in the first half of 2012/ 13 to about 257,000 barrels per day, even lower than planned, data available to Reuters show, potentially helping New Delhi win a renewal of a waiver from U.S. sanctions.

  • BEIJING/ LONDON- Big Asian economies are slowly picking up after a year spent battling against global headwinds, according to business surveys and data released that showed renewed vim from China's factory sector and a rebound in South Korean exports (GLOBAL-ECONOMY/PMIS,, moved, by Lucy Hornby and Se Young Lee, 950 words).

  • RIYADH, Nov 1- At least 10 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, witness and television reports said. Al Arabiya and Al Jazeera television stations said that at least 50 people were injured.

  • BERLIN- German Chancellor Angela Merkel meets Irish Prime Minister Enda Kenny. TOKYO- Norwegian Prime Minister Jens Stoltenberg visits Japan and meets with Prime Minister Yoshihiko Noda. **BAMAKO/ DAKAR- German Foreign Minister Guido Westerwelle visits Mali and Senegal.

  • SINGAPORE, Nov 1- Brent crude hovered around $108.50 a barrel on Thursday as investors focused on concerns that storm Sandy's rampage across the U.S. East Coast could reduce fuel demand, although data pointing to recovery in China offered some support.

  • RIYADH, Nov 1- At least 10 people were killed when a fuel truck crashed into a flyover in the Saudi capital Riyadh on Thursday, triggering an explosion that caused the collapse of an industrial building, witness and television reports said. Al Arabiya and Al Jazeera television stations reported at least a further 50 people were injured.

  • SINGAPORE, Nov 1- Brent crude edged down toward $108 a barrel on Thursday as investors focused on concerns that storm Sandy's rampage across the U.S. East Coast could reduce fuel demand and shrugged off data pointing to a recovery in China.

  • RIYADH, Nov 1- An industrial building in eastern Riyadh was almost entirely destroyed by a large explosion on Thursday, a Reuters witness said. The building was almost levelled by the blast, with one corner left standing, the witness said. Nearby vehicles were on fire and at least five fire engines were arriving at the scene.

  • RIYADH, Nov 1- An industrial building in eastern Riyadh was almost entirely destroyed by a large explosion on Thursday, a Reuters witness said. The building was almost levelled by the blast, with one corner left standing, the witness said. Nearby vehicles were on fire and at least five fire engines were arriving at the scene.

  • *MasterCard quarterly profit rises 8 percent. Oct 31- Increased consumer spending and card use worldwide drove quarterly profits higher for Visa Inc and MasterCard Inc, according to new financial reports from the two payments companies.

  • *BG blames Brazil tie-ins, Egypt, North Sea, U.S. for shortfall. *Agrees $1.93 deal with China's CNOOC. LONDON, Oct 31- British oil and gas firm BG Group told investors to expect no output growth in 2013 due to project delays and other factors, prompting a dive in its highly rated share price that wiped out as much as a fifth of its value.

  • BRUSSELS/ ATHENS- Euro zone finance ministers made progress on Wednesday on ways to keep Greece afloat, Germany said, as talks between Athens and its foreign lenders near conclusion over reforms it must implement to receive fresh emergency loans.

  • JERUSALEM/ WINNIPEG, Manitoba, Oct 31- Potash Corp, the world's No. 1 fertilizer producer, is ramping up efforts to buy Israel Chemicals Ltd so it can shore up its leverage with China and India, top consuming countries that are expected to drive much of the industry's growth.

  • JERUSALEM- Most Israelis would be reassured if Mitt Romney won next week's U.S. presidential election, feeling they had an unquestioning friend rather than a dispassionate critic in the White House.

  • JERUSALEM, Oct 31- Potash Corp, the world's No. 1 fertilizer maker, is ramping up efforts to buy Israel Chemicals Ltd, appealing directly to Israel's prime minister to back a deal that would rank as the largest foreign takeover of an Israeli company.

  • Oct 31- MasterCard Inc reported a quarterly profit that handily topped market estimates as more people, particularly in Asia, opted to use credit and debit cards instead of cash. MasterCard has been boosting its presence outside the United States, cashing in on higher-growth markets in Asia and the Nordic countries.

  • *Wheat jumps on 300,000 tonnes Egypt purchase. LONDON, Oct 31- Commodities edged higher on Wednesday as investors dipped back into risky assets, but the sector was on track for its worst monthly loss since May as worries resurfaced about demand for raw materials.

  • *Supply rises by 60,000 bpd, led by Iraq, Angola, Libya. LONDON, Oct 31- OPEC oil output has risen slightly in October as extra supplies from Iraq, Angola and Libya have offset disruptions in Nigeria and a further decline in Iran to its lowest in two decades, a Reuters survey found on Wednesday.

  • BOSTON, Oct 31- The U.S. Department of Homeland Security is considering setting up a ``Cyber Reserve'' of computer security experts who could be called upon in the event of a crippling cyber attack. ``The status quo is not acceptable,'' DHS Deputy Secretary Jane Holl Lute told Reuters in a recent interview. ``We are not standing around.

  • Commodities Tomorrow: Few Gas Stations Open

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