VIENNA (Reuters) – Saudi National Bank wanted to increase its stake in Credit Suisse to around 40% from 9.88%, but was prevented from doing so by Swiss regulator FINMA, Blick newspaper reported[...]
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Middle East
Oil prices up 3% to 9-week high on supply concerns
By Scott DiSavino NEW YORK (Reuters) -Oil prices climbed about 3% to a nine-week high on Friday as supply concerns and technical buying outweighed fears that further interest rate hikes could slow eco[...]
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Airbus to handle some A380 repairs after wing-spar cracking
PARIS (Reuters) – Two years after the world’s largest jetliner rolled out of its Toulouse factory for the last time, Airbus is preparing to bring some A380 superjumbos back to their birthp[...]
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Oil near flat as tighter supplies offset U.S. rate hike risk
By Stephanie Kelly NEW YORK (Reuters) -Oil prices were near flat on Thursday as the market weighed tighter U.S. crude supplies with the higher likelihood of a U.S. interest rate hike that could dent e[...]
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Exclusive: OPEC upbeat over 2024 oil demand outlook despite slowdown
By Alex Lawler and Dmitry Zhdannikov VIENNA (Reuters) – OPEC will likely maintain an upbeat view on oil demand growth for next year when it publishes its first outlook later this month, predicti[...]
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Longtime Showtime executive David Nevins named CEO of North Road Company
LOS ANGELES (Reuters) – Longtime Showtime Networks executive David Nevins has been named chief executive of the North Road Company, an independent studio founded by Hollywood veteran Peter Chern[...]
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Hedge fund Verition joins rush to Dubai financial hub
By Hadeel Al Sayegh DUBAI (Reuters) – U.S.-based Verition Fund Management is opening an office in Dubai, joining a raft of other hedge funds including BlueCrest which have expanded to the Gulf r[...]
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EMFX will hold gains into 2024 provided central banks hold rates: Reuters poll
By Vuyani Ndaba JOHANNESBURG (Reuters) – Emerging market currencies will hold on to gains into next year provided their respective central banks hold or only moderately prune already-high intere[...]
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US crude oil gains on supply cuts, focus shifts to holiday demand
By Shariq Khan BENGALURU (Reuters) – U.S. crude oil gained about 3% on Wednesday, narrowing the price gap with global benchmark Brent in a post-holiday response to supply cuts announced on Monda[...]
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