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US sanctions Syria for buying oil from Islamic State group

The United States imposed sanctions Wednesday on supporters of Syrian President Bashar al-Assad's government, including a middleman it alleged buys oil for the regime from the Islamic State group. "The Syrian government is responsible for widespread brutality and violence against...

Wall Street gives up gains after Germany bomb scare

n">U.S. stocks forfeited gains on Tuesday after a soccer match between Germany and the Netherlands was called off over fears of a bombing. All three major U.S. indexes had ventured into positive territory following upbeat earnings reports from Wal-Mart ( WMT.N ) and Home...

Inside ISIS Inc: The journey of a barrel of oil

  (Zaman Al Wasl - Financial Times )- U.S. led air strikes in Syria have inflicted "significant damage" to Islamic State's ability to fund itself, the Pentagon said on Friday. Recent strikes in an air operation dubbed "Tidal Wave II" have been concentrated on oil facilities in the Deir...

IMF says risks higher if Fed hikes rate early

Washington (AFP) - An early interest rate hike by the US Federal Reserve would involve higher risks than would waiting a bit longer, the chief economist of the International Monetary Fund told AFP. "I'm not sure that the risks of acting are gigantic, but they're certainly higher,"...