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  • Greg Priddy

    Oil market rebalancing -- the beginning of the end

    Since the second half of 2014, the world oil market has been on a roller coaster, as excessive global oil supply has proved to be very persistent. Demand growth has been reasonably good, with global growth in 2015 and 2016 above the recent trend lin

    February 24, 2017 07:00 pm JST
  • Massive gold-backed ETF certified as sharia compliant

    TOKYO -- U.S. asset management company State Street Global Advisors has announced that a huge exchange-traded fund for investment in gold has been certified as being compliant with Islamic financial law.The question of whether ETFs themselves comply

    February 23, 2017 03:00 pm JST
  • Middle Eastern airlines shifting focus from expansion to efficiency

    DOHA / LONDON -- After years of rapid global expansion, major Middle Eastern airlines are now beginning to recalibrate their business strategies in the face of a gloomy profit outlook.As overcapacity and growing competition from low-cost rivals in l

    February 21, 2017 03:00 pm JST
  • Middle East petrostates moving beyond crude oil

    DUBAI, United Arab Emirates -- Middle Eastern countries are weaning themselves off crude oil production and pouring more resources into manufacturing value-added petroleum products, which could lead to new sources of procurement for resource-poor na

    February 21, 2017 03:04 am JST
  • Trump's defense chief, in Iraq, says: We're not here for your oil

    BAGHDAD (Reuters) -- The U.S. military is not in Iraq "to seize anybody's oil", Defense Secretary Jim Mattis said, distancing himself from remarks by President Donald Trump at the start of a visit to Iraq on Monday.Mattis, on his first trip to Iraq

    February 20, 2017 10:47 pm JST
  • Vandana Hari

    OPEC needs more than disciplined cuts to chart new course

    OPEC has embarked on its promised crude production cuts with an unprecedented degree of adherence, keeping the benchmark Brent trading in a tight range around $55 per barrel and driving speculative bets on prices to record highs at the end of Januar

    February 20, 2017 01:00 pm JST
  • Baghdad car bomb kills 51 as Islamic State escalates insurgency

    BAGHDAD (Reuters) -- A car packed with explosives blew up on Thursday in southern Baghdad, killing at least 51 people and wounding 55, security and medical sources said, in the deadliest such attack in Iraq this year.Islamic State, which is on the d

    February 17, 2017 03:48 am JST
  • Trump ban could stir up Middle East hornets' nest

    TOKYO -- The travel ban imposed by U.S. President Donald Trump continues to court controversy across the world, not least in the U.S. itself.In a supposed effort to "block terrorists" from entering the U.S., the new president signed an executive or

    February 16, 2017 07:00 pm JST
  • Crude market still wary despite OPEC cuts

    TOKYO -- The promising start to OPEC's output reductions drew a muted reaction from the crude oil market amid uncertainty over future progress and ramped-up American shale oil production.The cartel reported Monday that 10 member countries had reduce

    February 15, 2017 04:00 am JST
  • Prada's global sales shrink 9%

    HONG KONG -- Trading of Prada shares in Hong Kong has been mixed on Tuesday -- fluctuating around Monday's closing price of 31.85 Hong Kong dollars.Prada shares ended the day at HK$ 32.35.After trading on Monday, the high-end Italian clothing brand

    February 14, 2017 04:30 pm JST
  • OPEC hits record 90% compliance on crude output cuts

    LONDON -- OPEC member nations have slashed crude oil output at a rate largely fulfilling a November deal, but with shale oil suppressing prices, the cartel must decide whether to prolong its cuts and how to handle foot-dragging nonmember countries.T

    February 14, 2017 05:30 am JST
  • 10 digits solve Dubai's address confusion

    DUBAI -- This city is undergoing massive and rapid urbanization. But it lacks a postal code system, so finding your destination here can be challenging.In recent years, the Makani geo locating system has been offering the convenience of searching fo

    February 11, 2017 03:00 pm JST
  • Why Asia isn't immune to Trump's Jerusalem policy

    CAIRO U.S. President Donald Trump says his administration is thinking about moving the U.S. Embassy in Israel from Tel Aviv to Jerusalem, in line with a pledge he made on the campaign trail. But while Jerusalem functions as Israel's capital, the int

    February 9, 2017 12:00 pm JST
  • Ian Bremmer

    More Trump jolts on the way

    Donald Trump's move to ban immigrants from seven Muslim-majority countries has triggered a fight in U.S. courts and provoked angry protests in many U.S. cities. But the arguments over its legal and moral merits won't change many minds. The new presi

    February 8, 2017 07:30 pm JST
  • Earnings preview

    Isuzu profit seen skidding 10% in April-December

    TOKYO -- Isuzu Motors' operating profit for the nine months through December likely dropped more than 10% on the year to around 110 billion yen ($975 million) on sales slowdowns overseas.The Tokyo-based automaker's sales apparently fell 5% to about

    February 4, 2017 02:00 am JST
  • Qatar Petroleum bows to changing times with merger of LNG units

    CAIRO -- Qatar's state oil company aims to merge a pair of massive liquefied natural gas subsidiaries by the end of this year, hoping to improve efficiency and withstand tougher international competition.Qatar Petroleum's decision to integrate Qatar

    February 2, 2017 02:00 pm JST
  • Crude stays range-bound despite progress on OPEC cuts

    TOKYO -- Crude oil continues to trade in a narrow price range as weak demand growth, especially in the U.S., dampens the effect of production cuts pledged by major exporters.West Texas Intermediate crude, the U.S. benchmark, began January above $55

    February 2, 2017 04:20 am JST
  • Dubai carves pivotal role in regional crisis response

    DUBAI -- In the desert, southwest of a cluster of skyscrapers that forms Dubai's central business district, a long stretch of hangars sit in the empty space between the emirate's airport and Jebel Ali port.The warehouses are stocked with medical kit

    February 1, 2017 05:45 pm JST
  • US entry ban draws muted response from new UN chief

    UNITED NATIONS -- Countries able to accept refugees for resettlement should do so, a spokesman for the U.N. secretary-general said Monday, expressing a hope that President Donald Trump's 120-day freeze on refugees entering the U.S. proves only tempo

    January 31, 2017 07:50 am JST
  • US entry ban sparks confusion across globe

    NEW YORK -- An entry ban ordered by U.S. President Donald Trump has sent shock waves across the globe, drawing rebuke not only from abroad but also from American companies and even members of his own Republican Party who fear that the nation's core

    January 31, 2017 06:30 am JST