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  • Iran is keen to recover market share that evaporated under U.S. and European Union sanctions designed to keep its exports at around 1 million bpd, down from 2.5 million bpd in 2011. Under the accord reached in Vienna on July 14, Iran will be subject to longer-term restrictions on its nuclear program in return for the removal of U.S., U.N. and European sanctions.

  • *Spain grows at fastest pace since before financial crisis. BERLIN, July 30- Confidence in the euro zone economy hit a four-year high in July and the European Central Bank said recovery is picking up, supported by loose monetary policy aimed at countering persistently low inflation. Spain's economy was a case in point, with data on Thursday showing it growing at...

  • Lufthansa's Austrian ready to expand services to Iran Thursday, 30 Jul 2015 | 6:48 AM ET

    VIENNA, July 30- Lufthansa unit Austrian Airlines is ready to expand its services to Iran to include flights to Isfahan and Shiraz, as soon as a good opportunity presents itself, the Chief Financial Officer of the Austrian group said on Thursday. Austrian Airlines, Lufthansa's Vienna- based platform into Eastern Europe, already offers daily flights to Iran's...

  • WARSAW, Poland— Jan Kulczyk, Poland's richest man and the founder and president of investment empire Kulczyk Holding, who made his fortune during Poland's economic transformations, has died from complications following surgery, the company said Wednesday. Poland's edition of the Forbes Magazine estimated his wealth at some 15 billion zlotys.

  • *Most insurers in Reuters survey say Iran attractive market. LONDON/ SYDNEY, July 26- Western and Middle East insurance specialists see Iran as an appealing $8 billion market in the wake of its nuclear deal with world powers, though uncertainty over when sanctions on Tehran will be lifted means they are treating the country with caution. Under the accord reached...

  • *Major opening seen after Iran's nuclear deal with powers. VIENNA, July 24- Iran offered to sell state assets to foreigners, said it would cut the government's role in the economy and pledged a tight monetary policy as it sought to attract billions of dollars of investment from abroad after over a decade of isolation. If implemented, they could move Iran's economy...

  • *Iran woos European industrial firms after nuclear deal. VIENNA, July 24- Iran expects to rejoin the international electronic payment system SWIFT three months after sanctions imposed on it are lifted and it will also become easier for foreign firms to take part in privatizations in Iran, a senior Iranian official said. The size of the foreign reserves and the...

  • VIENNA, July 23- Western firms are itching to return to Iran if sanctions are lifted, but to truly fulfil its potential Tehran should do more to make its business practices efficient and its environment welcoming, executives said at a trade conference. Not in Vienna, "said deputy oil minister Amir Hossein Zamaninia referring to domestic opponents to an historic...

  • Less than 10 days after signing its nuclear deal, Iran formally threw open its doors Thursday to European Union companies, eager to do business— and dozens of firms answered the call. But even more than oil and gas are at stake, with Iranian officials also pitching the mining sector, Iran's automotive industry, and the financial sector, at what they bill as the first...

  • BERLIN— In the race to secure business deals with Iran, Germany was quickest out of the blocks. On Sunday, Economy Minister Sigmar Gabriel became the first senior Western official to visit Iran following last week's agreement to ease sanctions on the Islamic nation in exchange for concessions on its nuclear program. Last year, Germany imported goods worth 295...

  • *Iran wants "two-way trade" with Europe- minister. VIENNA, July 23- Iran outlined plans on Thursday for the rebuilding of its core industries and trade links in the wake of a nuclear agreement with world powers, saying it was targeting oil and gas projects worth $185 billion by 2020.. The United Nations Security Council on Monday endorsed a deal to end years of...

  • The capital of euro trading prospers outside the euro zone, but London's dominance of the $5.3 trillion- a-day foreign exchange market could wane if Britain left the European Union. "If the UK left the European Union, London's dominance of foreign exchange including euro trading would gradually decline and then end as the flows moved to Asia and other European...

  • *U.S. crude futures drop below $50 intraday. NEW YORK, July 20- Oil futures fell on Monday and U.S. crude slipped below $50 a barrel intraday as ample supply, the prospect of more Iranian crude for export and a strengthening dollar combined to pressure prices. August crude, set to expire on Tuesday, fell 74 cents to settle at $50.15, having fallen to $49.85, its first time...

  • *U.S. crude futures drop below $50 intraday. NEW YORK, July 20- Oil futures fell on Monday and U.S. crude slipped below $50 a barrel intraday as ample supply, the prospect of more Iranian crude for export and a strengthening dollar combined to pressure prices. August crude, set to expire on Tuesday, fell 74 cents to settle at $50.15, having fallen to $49.85, its first time...

  • NEW YORK, July 20- Oil futures fell and U.S. crude briefly slipped below $50 a barrel in choppy trading on Monday as ample supply, the prospect of more crude entering the market and the stronger dollar combined to pressure prices. Brent September crude was down 53 cents at $56.57 a barrel at 2:02 p.m. EDT, having swung from $56.45 to $57.44. August crude was down 74...

  • DUBAI, July 20- Iran's hardline Revolutionary Guards denounced a U.N. Security Council resolution endorsing last week's nuclear deal, saying it crossed "red lines" set by Supreme Leader Ayatollah Ali Khamenei. President Barack Obama and Iran's pragmatic President Hassan Rouhani, faces opposition from hardliners in both countries. The deal is still under...

  • NEW YORK, July 20- Brent and U.S. crude slipped in choppy trading along with the seesawing dollar after the currency's early strength pressured dollar-denominated commodities. Brent September crude was down 30 cents at $56.80 a barrel at 11:29 a.m. EDT, having swung from $56.45 to $57.44. August crude was down 47 cents at $50.42.

  • DUBAI, July 20- Iran's Islamic Revolutionary Guards attacked a U.N. Security Council resolution endorsing last week's nuclear deal for interfering with the country's military operations and crossing "red lines" set by Supreme Leader Ayatollah Ali Khamenei. "Some parts of the draft have clearly crossed the Islamic republic's red lines, especially in Iran's...

  • LONDON, July 20- Oil dropped on Monday as signs of a growing glut in refined products outweighed a fall in Saudi crude exports and slower U.S. rig activity. Crude prices have fallen for three weeks in a row on expectations of increased oil sales from Iran following a deal to ease sanctions against the OPEC producer. Brent crude for September was down 35 cents at...

  • BRUSSELS, July 20- The European Union approved the Iran nuclear deal with world powers on Monday, a first step towards lifting Europe's economic sanctions against Tehran that the bloc hopes will send a signal that the U.S. Congress will follow. "It is a balanced deal that means Iran won't get an atomic bomb," said French Foreign Minister Laurent Fabius.