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  • VIENNA— Nine days into marathon nuclear talks, U.S. World powers and Iran are hoping to clinch a deal by Tuesday, setting a decade of restrictions on Iran's nuclear program and granting Iran significant relief from international sanctions. Kerry met for 3 ½ hours on Sunday with Iranian Foreign Minister Mohammad Javad Zarif, as top diplomats from the five other...

  • VIENNA— World powers and Iran have drawn up a draft document on the pace and timing of sanctions relief for the Islamic republic in exchange for curbs on Iran's nuclear program, advancing on one of the most contentious issues at their negotiations, diplomats told The Associated Press on Saturday. Officials had described sanctions relief as one of the thorniest...

  • But with the Iran six-power talks having devolved essentially into bilateral U.S.- Iran negotiations over the past year, his comments were clearly directed at the Americans, who have been the primary drivers of the crippling economic sanctions imposed on his country over its nuclear program. The West fears Iran could develop its nuclear program to make...

  • *Ukraine wants binding protocol until at least March next year. BRUSSELS, July 1- The biggest obstacle to a gas supply deal between Moscow and Kiev is not the price, but Russia's refusal to sign a legally binding agreement, the head of Ukraine's state gas firm Naftogaz said in an interview on Wednesday. Naftogaz Chief Executive Andriy Kobolev was speaking in...

  • DIARY- Top Economic Events to July 15 Thursday, 2 Jul 2015 | 12:00 AM ET

    LONDON- Bank of England's Andrew Gracie speaks at financial services cyber security conference- 0805 GMT. MILAN, Italy- European Central Bank President Mario Draghi to give opening remarks at T2S launch celebration- 1510 GMT. MILAN, Italy- European Central Bank Executive Board member Yves Mersch to give closing remarks at T2S launch celebration- 1700 GMT.

  • LONDON, July 2- Luxury carmaker Jaguar Land Rover has signed a contract to build some vehicles in Austria, it said on Thursday, a further expansion away from its UK manufacturing base. The brand, owned by India's Tata Group since 2008, opened its first overseas manufacturing plant in China in October and is building a Brazilian plant in a bid to expand volumes and...

  • July 1- U.S. crude oil futures' discount to Brent, one of the biggest plays in oil, widened to more than $5 a barrel for the first time in three weeks on Wednesday after U.S. government data showed a surprise inventory build. "The bottom line is the overall U.S. stock build is weighing on heavily on WTI, and the Cushing build is adding to that," said Tariq Zahir, an oil trader and...

  • HAVANA/ WASHINGTON, July 1- The United States and Cuba on Wednesday formally agreed to restore diplomatic ties that had been severed for 54 years, fulfilling a pledge made six months ago by the former Cold War enemies. "Cuba is encouraged by the reciprocal intention to develop respectful and cooperative relations between our two peoples and governments," Raul...

  • *OPEC output at three-year highs in June- Reuters survey. The dollar's rally on Greece's debt default, Iran's renewed efforts to reach a nuclear deal with the West to freely resume its crude exports, and signs of OPEC output at three-year highs, further weighed on the market. But the overall feel is that we have more than enough crude and the market could be in a...

  • *OPEC output rises to three-year high. LONDON, July 1- Oil fell to trade further below $63 a barrel on Wednesday after U.S. crude inventories unexpectedly rose, the latest sign of a supply glut that may increase if Iran reaches a nuclear deal with world powers. "The oil market is being literally flooded with OPEC crude oil at present," said Carsten Fritsch, analyst at...

  • VIENNA— A court in Austria has rejected a class-action lawsuit against Facebook alleging invasion of privacy, saying it lacks jurisdiction in the case. The suit was brought by Austrian law student Max Schrems on behalf of 25,000 Facebook users who claimed the social network is illegally tracking their data, including by providing them to U.S. intelligence...

  • *OPEC, U.S. output rises to multi-year highs. LONDON, July 1- Oil fell below $63 a barrel on Wednesday after Greece defaulted on its debt to the International Monetary Fund while U.S. and OPEC production hit new highs, prompting concern about risks to the economic outlook and ample supply. "The oil market is being literally flooded with OPEC crude oil at present," said...

  • POLL-Iran oil exports could jump by 60 pct in a year Wednesday, 1 Jul 2015 | 5:59 AM ET

    LONDON/ BENGALURU, July 1- Iran will increase its oil exports by up to 60 percent within a year if it can agree a nuclear deal with world powers bringing an end to sanctions, a Reuters survey of analysts said on Wednesday. A poll of 25 oil analysts from leading banks and brokerages forecast Iran would be able to raise crude oil output by between 250,000 and 500,000...

  • KIEV, July 1- Ukraine halted natural gas imports from Russia on Wednesday after energy officials from the two countries failed to agree on quarterly prices, state transport monopoly Ukrtransgaz said. "From today, Ukraine is not getting gas from Russia. Talks in Vienna between Russia and Ukraine on gas supplies fell apart on Tuesday.

  • KIEV, July 1- Ukraine's state gas transport monopoly, Ukrtransgaz, said on Wednesday it had stopped receiving gas from Russia on July 1 but was still supplying Europe at the usual rate. "From today, Ukraine is not getting gas from Russia. Gas supply talks between Russia and Ukraine fell apart on Tuesday in Vienna after energy officials were unable to agree on a...

  • DIARY- Top Economic Events to July 13 Tuesday, 30 Jun 2015 | 8:01 PM ET

    LONDON- Bank of England publishes financial stability report, followed by Governor Mark Carney's news conference- 0930 GMT. FRANKFURT- European Central Bank Governing Council meeting. BERLIN- European Central Bank Governing Council member Jens Weidmann and Bundesbank Vice President Claudia Buch to participate in cabinet meeting of the federal...

  • WASHINGTON, June 30- The Obama administration on Wednesday will announce it has reached an agreement with Cuba to reopen embassies and restore diplomatic relations severed more than five decades ago, U.S. officials said on Tuesday. President Barack Obama, in Washington, and Secretary of State John Kerry, in Vienna for Iran nuclear talks, will both address the...

  • WASHINGTON, June 30- The Obama administration on Wednesday will announce it has reached an agreement with Cuba to reopen embassies and restore diplomatic relations severed more than five decades ago, a senior U.S. official said on Tuesday. The official said President Barack Obama, in Washington, and Secretary of State John Kerry, in Vienna for Iran nuclear talks,...

  • Russia fails to clinch deal on gas supplies to Ukraine Tuesday, 30 Jun 2015 | 4:44 PM ET

    MOSCOW— Talks on Russian gas supplies to Ukraine have failed to reach an agreement on future supplies. The two countries have fought several gas price wars in past years, and gas disputes exacerbated after Russia's annexation of Ukraine's Crimean Peninsula in 2014 and a pro-Russian insurgency in eastern Ukraine. He said Ukraine will buy gas from other nations...

  • *Eyes on Iran nuclear talks in Vienna. Brent for August was up 60 cents at $62.61 a barrel by 0925 GMT, after falling to $61.35 on Monday, its weakest since June 5. U.S. crude was up 30 cents at $58.63, having closed down $1.30 at $58.33 a barrel.