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  • 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.

  • UPDATE 4-Oil steadies as Saudi crude exports fall Monday, 20 Jul 2015 | 4:41 AM ET

    LONDON, July 20- Oil prices steadied on Monday after data showing a sharp drop in Saudi Arabia's crude oil exports balanced signs of rising refined products stocks. Brent crude for September was 5 cents up at $57.15 a barrel by 0825 GMT. Oil prices have fallen for three weeks in a row on expectations of increased exports from Iran following a deal to ease sanctions...

  • TEHRAN, July 19- German Vice Chancellor Sigmar Gabriel urged Iran at the start of a three-day visit to improve its relationship with Israel if it wanted to establish closer economic ties with Germany and other western powers. That puts Germany in a delicate position as it seeks to win new business in Iran after a 12- year standoff over Iran's nuclear programme...

  • By travelling to Tehran with a delegation of industry group representatives and company officials, Gabriel sends a strong signal that Germany wants to quickly rebuild economic and political ties with Iran after a 12- year standoff over Tehran's nuclear programme. Under an agreement struck on Tuesday, sanctions imposed by the United States, European Union...

  • DUBAI/ BEIRUT, July 17- A senior cleric challenged Iran's historic nuclear deal with world powers on Friday, echoing a cautious early assessment of the accord by Supreme Leader Ayatollah Ali Khamenei, an arch-conservative who has the last word on matters of state. Ayatollah Mohammad Ali Movahedi Kermani did not dismiss the accord in his remarks at Friday...

  • DUBAI, July 17- Iran, embarking on a diplomatic offensive in the wake of its nuclear deal with world powers, told fellow Muslim countries on Friday it hoped the historic accord could pave the way for more cooperation in the Middle East and internationally. She said Iran was seriously determined to further expand ties with regional states and its neighbours, some...

  • BERLIN, July 16- German Finance Minister Wolfgang Schaeuble questioned whether Greece will ever get a third bailout programme on Thursday, a day after the Greek parliament passed a package of stringent measures required to open negotiations on financial aid. Greece is seeking up to 86 billion euros in a third rescue package in return for tougher austerity...

  • WASHINGTON, July 15- President Barack Obama, seeking to sell the Iran nuclear deal to skeptical U.S. lawmakers and nervous allies, insisted on Wednesday the landmark agreement was the only alternative to a nuclear arms race and more war in the Middle East. Obama made his case in a nationally televised news conference responding to critics at home and abroad after...

  • WASHINGTON, July 15- President Barack Obama, seeking to sell the Iran nuclear deal to skeptical U.S. lawmakers and the American public, insisted on Wednesday that the landmark agreement was the best way to avoid a nuclear arms race and more war in the Middle East. Obama made his case in a nationally televised news conference responding to critics at home and abroad...

  • WASHINGTON, July 15- President Barack Obama, seeking to sell the Iran nuclear deal to skeptical U.S. lawmakers and the American public, insisted on Wednesday that the landmark agreement was the best way to avoid a nuclear arms race and more war in the Middle East. Obama made his case in a nationally televised news conference a day after Iran and six world powers...

  • *Iran deal like "pouring fuel on burning Middle East". JERUSALEM, July 15- Israel's nuclear affairs minister said his country was like the boy in the fairy tale who pointed out the emperor had no clothes, heaping scorn on the Iran nuclear deal on Wednesday and emphasising Israel's right to unilateral self-defence. Tuesday's agreement between six world powers and...

  • Iran deal "naked as emperor with no clothes", says Israel Wednesday, 15 Jul 2015 | 7:21 AM ET

    JERUSALEM, July 15- Israel's nuclear affairs minister said his country was like the boy in the fairy tale who pointed out the emperor had no clothes, heaping scorn on the Iran nuclear deal on Wednesday and emphasising Israel's right to unilateral self-defence. Tuesday's agreement between six world powers and Iran has left Israeli officials scrambling for...