By Laura Sanicola (Reuters) -Oil prices settled up about $2 on Wednesday as optimism over oil demand and U.S. debt ceiling negotiations outweighed worries about abundant supply. Brent crude futures settled up $2.05, or 2.7%, to $76.96 a barrel. West Texas Intermediate U.S. crude settled up $1.97 or 2.8% to $72.83. “Today’s strong oil trade…
By Stefania Spezzati, Paritosh Bansal and America Hernandez (Reuters) – Qatar’s sovereign wealth fund, Credit Suisse’s second-largest investor, has explored seeking redress for losses incurred by the bank’s takeover, two people familiar with the matter said, as legal challenges to Switzerland’s state-backed rescue mount. The Qatar Investment Authority (QIA) sought legal advice on whether it…
By Nidal al-Mughrabi and James Mackenzie GAZA/JERUSALEM (Reuters) – Israel’s latest round of airstrikes against Palestinian militants in the Gaza Strip left familiar images of towering spirals of smoke and wailing sirens but none of the buildings left in rubble by the jets belonged to its main enemy, Hamas. Instead, the strikes targeted the Iranian-backed…
(Reuters) – Russia confirmed on Wednesday that a deal to allow Ukraine to export its grain safely across the Black Sea, despite Russia’s war in Ukraine, had been extended for two months. Foreign Ministry spokeswoman Maria Zakharova said the deal had been extended to help countries in need, but added that Russia’s overall assessment of…
DUBAI (Reuters) – Arab League Secretary General Ahmed Aboul Gheit welcomed Syria back into the bloc on Wednesday, as Arab foreign ministers gathered for a preparatory meeting ahead of the full summit. Earlier this month, the Arab world’s top diplomats agreed to fully reinstate Syria’s membership after a 12-year suspension over the Syrian government’s crackdown…
By Aziz El Yaakoubi RIYADH(Reuters) – Syrian President Bashar al-Assad, a pariah for more than a decade, is expected to steal the spotlight at Friday’s Arab League summit in Saudi Arabia, where he will rub shoulders with regional leaders who once backed his war foes. Ostracised by most Arab states following his crackdown on protests…
By Stephanie Kelly NEW YORK (Reuters) – Oil futures dipped on Tuesday as weaker-than-expected economic data in China and the United States offset a forecast of higher global demand from the International Energy Agency (IEA). Brent crude futures settled 32 cents lower to $74.91 a barrel. U.S. West Texas Intermediate crude edged down 25 cents…
By Andreas Rinke and Michel Rose REYKJAVIK (Reuters) -Ways to hold Russia to account for its war against Ukraine, including keeping a tally of losses and damage inflicted by Moscow’s forces, were the focus of talks as European leaders met in Iceland on Tuesday for a two-day summit. German Chancellor Olaf Scholz, French President Emmanuel…
By Ali Kucukgocmen and Ece Toksabay ANKARA (Reuters) – Turkish President Tayyip Erdogan’s AK Party came out on top in Sunday’s elections in 10 of the 11 provinces hit by February’s earthquakes, with analysts saying his vow to rebuild devastated cities had reassured voters in what are mostly AKP strongholds. The ruling party’s strong showing,…
NEW YORK (Reuters) – The United States has charged a Chinese national with violating U.S. sanctions by providing to Iran materials used to produce ballistic missiles, federal prosecutors in Manhattan said on Tuesday. Xiangjiang Qiao works at Sinotech Dalian Carbon and Graphite Manufacturing Corporation, a China-based company which the U.S. Treasury Department placed on a…
