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  • WASHINGTON— Legislation empowering Congress to reject an emerging Iran nuclear pact is expected to sail through both houses of Congress, leaving President Barack Obama with the tough task of selling the deal to skeptical lawmakers. Despite the resistance from the White House, lawmakers from both parties insisted that Congress have a formal role in...

  • In setback, Obama concedes Congress role on Iran deal Wednesday, 15 Apr 2015 | 2:26 AM ET
    President Barack Obama

    U.S. President Barack Obama conceded on Tuesday that Congress will have the power to review a nuclear deal with Iran.

  • SEOUL, April 15- South Korea's imports of Iranian crude doubled in March from a year earlier but the country's oil shipments from the OPEC country in the first quarter of this year fell 16 percent year- on-year to meet international sanction requirements. Iran and the United States, Britain, France, Russia, China, and Germany reached a preliminary deal on Iran's...

  • SINGAPORE, April 15- U.S. crude futures climbed towards $54 a barrel in early Asian trade on Wednesday, buoyed by a smaller than expected build in U.S. crude inventories, Middle East tensions and a weaker dollar. *U.S. crude for May delivery rose 15 cents to $53.44 as of 0003 GMT after settling $1.38 higher in the previous session to surge above its 100- day moving...

  • DIARY- Top Economic Events to April 24 Tuesday, 14 Apr 2015 | 8:01 PM ET

    WASHINGTON- Federal Reserve issues the Beige Book of economic condition- 1800 GMT. WASHINGTON- Levy Economics Institute of Bard College holds 24th Annual Hyman P. Minsky Conference on the State of the U.S. and World Economies in Washington. WASHINGTON- Federal Reserve Bank of St. Louis President James Bullard gives presentation on the U.S. economy and monetary...

  • President Barack Obama conceded on Tuesday that Congress will have the power to review a nuclear deal with Iran, reluctantly giving in to pressure from Republicans and some in his own party after they crafted a rare compromise demanding a say. The role for the Republican-controlled Congress injects a new element of uncertainty into the delicate final stages...

  • President Barack Obama dropped his opposition on Tuesday to a bill giving Congress a voice on a nuclear deal with Iran after members of his Democratic Party negotiated changes to the bill that had won strong support from both parties. White House spokesman Josh Earnest said Obama, who had said he would veto the proposed bill because it could scuttle the...

  • *India's urban population to rise to 814 million by 2050. GANDHINAGAR, India, April 15- India's push to accommodate a booming urban population and attract investment rests in large part with dozens of "smart" cities like the one being built on the dusty banks of the Sabarmati river in western India. With an urban population set to rise by more than 400 million people...

  • *Strong support now expected in Congress. White House spokesman Josh Earnest said Obama, who earlier had said he would veto the proposed bill because he feared it would scuttle the emerging Iran deal, could accept compromises that have emerged and have drawn bipartisan Senate support. Committee Chairman Bob Corker and the panel's top Democrat, Senator Ben...

  • revisions to a bipartisan bill that would allow Congress to vote on an international agreement to rein in Iran's nuclear program. The revisions would shorten the time in which Congress can review any final nuclear agreement and soften a requirement that Obama certify that Iran is not supporting acts of terrorism against the United States or its citizens...

  • WASHINGTON, April 14- U.S. senators scrambled to shore up bipartisan support for a controversial Iran nuclear bill before a committee meeting on Tuesday that could determine whether the legislation will survive President Barack Obama's promised veto. The Senate Foreign Relations Committee is scheduled to debate and vote on Tuesday afternoon on the...

  • The U.N. Office for the Coordination of Humanitarian Affairs said estimates show that over 121,000 people had been displaced inside Yemen since a Saudi-led coalition airstrike campaign targeting Shiite rebels began on March 26, with nearly half that number concentrated in the country's northwest. A combined force of Shiite rebels and security forces...

  • MOSCOW— Russia said Tuesday that it would be at least six months before it could deliver the S-300 air defense missile system to Iran, but the Kremlin confirmed that a barter deal to supply Russian goods in exchange for Iranian oil was already being implemented. On Tuesday, Putin's spokesman, Dmitry Peskov, confirmed statements by a Russian diplomat that Russia...

  • Philippines looks to broaden range of rice suppliers Tuesday, 14 Apr 2015 | 3:57 AM ET

    MANILA, April 14- The Philippines' state grains procurement agency said on Tuesday that it would look to import rice from a broader range of countries including Pakistan, India and Myanmar, as it tries to diversify its supplies of the staple food. One of the world's biggest rice importers, the Philippines usually buys from key producers Vietnam and Thailand.

  • *Iran urged the formation of a new Yemeni government on Monday and offered to assist in a political transition, comments likely to anger Saudi Arabia, which is backing Yemen's president against a rebel force allied with Iran. *Russia ended a self-imposed ban on supplying Iran with a defensive missile system on Monday, while launching an oil-for-goods barter...

  • DIARY- Top Economic Events to April 23 Monday, 13 Apr 2015 | 8:01 PM ET

    STOCKHOLM- Sweden's Riksbank Deputy Governor Cecilia Skingsley will participate in a seminar on pay formation that promotes the competitiveness of the manufacturing industry- 1135 GMT. WASHINGTON- Federal Reserve issues the Beige Book of economic condition- 1800 GMT. WASHINGTON- Levy Economics Institute of Bard College holds 24th Annual Hyman P. Minsky...

  • "Another case of bad news possibly being good news, since more stimulus for China would lead to more demand," said Phil Flynn, analyst at Price Futures Group in Chicago. Brent May crude was up 13 cents at $58 a barrel at 12:25 p.m. EDT, having swung between $57.46 and $59.54. U.S. crude was up 25 cents at $51.89 a barrel, well off its $53.10 peak just below its 100- day moving...

  • MOSCOW, April 13- Russia paved the way on Monday for missile system deliveries to Iran and started an oil-for-goods swap, signalling that Moscow may have a head-start in the race to benefit from an eventual lifting of sanctions on Tehran. The moves come after world powers, including Russia, reached an interim deal with Iran this month on curbing its nuclear...

  • KATHMANDU, April 13- Nepal's investment board on Monday cleared China's Three Gorges International Corp to build a long-delayed $1.6 billion new hydropower project, the single biggest foreign investment in the Himalayan country. The dam, to be built on the West Seti river in northwest Nepal, will generate 750 megawatts of power when complete, board official...

  • *Russia eyes energy deals with Iran after sanctions lifted. MOSCOW, April 13- Russian President Vladimir Putin on Monday paved the way for long-overdue missile system deliveries to Iran and Moscow started an oil-for-goods swap with Tehran, showing the Kremlin's determination to boost economic ties with the Islamic Republic. The moves come after world powers,...