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  • NEW YORK, July 6- Oil prices suffered their biggest selloff in five months on Monday, falling as much as 8 percent as Greece's rejection of debt bailout terms and China's stock market woes set off a deepening spiral of losses. Adding to the pressure on oil, Iran and global powers were trying to meet a July 7 deadline on a nuclear deal, which could bring more supply to the...

  • ATHENS/ FRANKFURT- Greece's combative finance minister resigns, removing one major obstacle to any deal to keep Athens in the euro zone after Greeks voted resoundingly to back the government in rejecting the austerity terms of a bailout. -EUROZONE- GREECE/ GERMANY, moved, by Paul Carrel, 640 words. -MARKETS- GREECE/ VOTE REACTION, moved, by Jamie McGeever, 800 words.

  • VIENNA, July 6- Iran's elite Revolutionary Guards have done very well out of international sanctions-- and if a nuclear deal is done in Vienna this week under which those sanctions are lifted, they are likely to do better still. The Revolutionary Guards Corps, created by Ayatollah Ruhollah Khomeini during Iran's 1979 Islamic Revolution, is more than just a...

  • NEW YORK, July 6- Oil prices tumbled their most in three months on Monday, with U.S. crude falling 6 percent, after Greece's rejection of debt bailout terms and China's rolling out of emergency measures to support its stock markets shook global markets. Adding to the pressure on oil, Iran and global powers were trying to meet a July 7 deadline on a nuclear deal, which...

  • NEW YORK, July 6- Oil prices tumbled their most in three months on Monday, with U.S. crude falling 5 percent, after Greece's rejection of debt bailout terms and China's rolling out of emergency measures to support its stock markets shook global markets. Adding to the pressure on oil markets, Iran and global powers were trying to meet a July 7 deadline on a nuclear deal,...

  • REUTERS BUSINESS NEW SCHEDULE AT 1500 GMT/11 AM ET Monday, 6 Jul 2015 | 11:06 AM ET

    NEW YORK- Aetna Inc Chief Executive Officer Mark Bertolini says he is confident that an antitrust review of its proposed purchase of Humana Inc will allow the deal to close in the second half of 2016, seeking to allay investor concerns of significant regulatory hurdles. ATHENS/ FRANKFURT- Greece's outspoken finance minister resigns, removing a major obstacle...

  • FRANKFURT, July 6- Italy's Hacking Team, which makes surveillance software used by governments to police the web, appeared to be the victim of hacking on a grand scale itself on Monday. The Milan- based company, which describes itself as a maker of lawful interception software used by police and intelligence services worldwide, has been accused by...

  • JERUSALEM, July 6- Google-owned online mapping company Waze is launching a carpooling pilot programme in Israel where commuters pay fellow drivers a small fee for a ride to and from work. Google bought Israel- based Waze, which uses satellite signals from members' smartphones to offer real-time traffic information, for about $1 billion two years ago.

  • SINGAPORE, July 6- Most commodity prices suffered falls on Monday, compounding worries about oversupply, after Greece rejected terms for a bailout and top consumer China unleashed emergency measures over the weekend to prevent a full-blown stock market crash. "As far as Greece is concerned, if we are going to see a drawn-out period of uncertainty, that may be...

  • Kerry warns Iran: 'This deal can go either way' Sunday, 5 Jul 2015 | 4:49 PM ET
    Secretary of State John Kerry (L) speaks with Russian President Vladimir Putin before a bilateral meeting at the presidential residence of Bocharov Ruchey in Sochi, Russia May 12, 2015.

    Secretary of State John Kerry warned Iran that hard choices were needed to seal a nuclear accord, and that the U.S. was prepared to walk away.

  • *Once-biggest exporter to Iran overtaken by China, Korea. FRANKFURT/ BERLIN, July 5- Martin Herrenknecht, founder of a company in southern Germany that is a world leader in tunnel-boring equipment, has been carefully preparing for the day when Iran reopens for business. It has maintained an office there, anticipating a day when Iran reaches a nuclear deal with...

  • JERUSALEM— Israel is welcoming the Greek foreign minister for a three-day visit as his country faces a financial crisis at home, with Greeks voting on a referendum about their country's future. Emmanuel Nahshon, Israel's Foreign Ministry spokesman, said Sunday that the visit from Greek Foreign Minister Nikolaos Kotzias would have an "economic emphasis" but...

  • The central bank set a cutoff rate of 7.73 Egyptian pounds per dollar in an auction that sold $39.6 million on Sunday, compared to a previous low of 7.63 on Thursday. "It's welcome to have, within the current context, a weaker pound because the economy is shifting toward a growth mode so one of the key ways to push this growth forward is through foreign exchange," said...

  • WASHINGTON— After July Fourth fireworks and parades, members of Congress return to work Tuesday facing a daunting summer workload and a pending deadline to fund the government or risk a shutdown in the fall. Republicans are eager to avoid another Capitol Hill mess as they struggle to hang onto control of Congress and try to take back the White House next year.

  • 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...

  • DUBAI, July 4- Iran's oil minister Bijan Zanganeh will soon present a long-awaited template for new international oil contracts to the government, as foreign companies watch for a nuclear deal that could allow them into a major untapped market. "The oil minister will soon lay out the new model for Iran's international oil contracts to the council of ministers,"...

  • Clear-out underway in online cleaning market Friday, 3 Jul 2015 | 8:13 AM ET

    *Germany's Helpling buys Britain's Hassle.com. But whereas Airbnb and Uber quickly built the scale to dominate their markets, online cleaning services is a more open field, with U.S. pioneer Homejoy apparently in retreat after a rapid expansion in the United States, Canada and then Europe. The Homejoy site no longer accepts bookings in Canada, France or Germany,...

  • 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...

  • Egypt passes new budget for fiscal year 2015-2016 Thursday, 2 Jul 2015 | 2:28 PM ET

    CAIRO— Egypt's president has approved a new budget for fiscal year 2015-2016, slashing the projected budget deficit to 8.9 percent of gross domestic product, the country's finance ministry said Thursday, in a move likely to please international creditors. Also Thursday, Egypt's currency fell to a new low point against the dollar, the first such drop since...