Middle East News
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Updated 2 hours, 32 minutes ago
The price difference between Saudi Arabia’s lightest and heaviest crude oils for buyers in Asia is set to rise to the biggest in six months.
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Updated 3 hours, 20 minutes ago
Airbus SAS, the world’s biggest commercial planemaker, said it’s negotiating with two new potential Middle East customers to sell the A380 superjumbo.
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Updated 32 minutes ago
Emerging-market stocks rose, with the benchmark index set for a third weekly gain, after U.S. jobless claims fell and amid speculation China may introduce policies to support growth at a national congress next week.
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Updated 2 hours, 17 minutes ago
Bondholders are losing confidence in central bank Governor Erdem Basci’s ability to meet his target of cutting the highest inflation rate among major economies in half.
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Bank Sarasin & Cie. AG wants Safra Group to inject capital into the Swiss wealth manager after agreeing in November to pay more than 1 billion Swiss francs ($1.1 billion) for a controlling stake.
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Updated 14 minutes ago
Mitt Romney is pressing to refocus the Republican presidential race on jobs and the economy in the sprint to potentially pivotal Super Tuesday contests next week, looking to blunt rival Rick Santorum’s bid to sow doubts about his record on social issues.
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President Barack Obama said his Republican critics are “licking their chops” at the prospect of rising gasoline prices as higher energy costs threaten to crimp the economic recovery.
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Commodities rose to the highest since May, led by surging energy prices, as tensions in the Middle East escalated and improving economic data signaled rising demand for raw materials.
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The Standard & Poor’s GSCI Spot Index of 24 raw materials rose 1.4 percent to settle at 713.18 at 3:48 p.m. New York time, led by a surge in crude oil.
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The International Finance Corp. is adding $2 billion in financing to help buy food and energy in poor countries hit by rapid price volatility.
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