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  • Turmoil in the Middle East, an unimpressive international stock market debut and tumbling oil prices will hit the wealth of Saudi Arabia's richest in years to come, according to a new report from WealthInsight.

  • Sen. Ted Cruz.

    In a rare and fiery weekend session, the Senate voted to resurrect the Export-Import Bank, handing GOP conservatives a major defeat. The NYT reports.

  • *Iran deal likely boosted industry expectations-economist. BERLIN, July 27- Business confidence in Germany unexpectedly improved in July after two monthly drops as an agreement between Greece and its creditors for talks on a third bailout lifted the mood at firms in Europe's largest economy. Ifo president Hans-Werner Sinn said the easing of the crisis had...

  • BERLIN, July 27- Business confidence in Germany improved in July after two monthly drops as an agreement between Greece and its creditors for talks on a third bailout lifted the mood at firms in Europe's largest economy. Hans-Werner Sinn, president of Ifo think tank, said the easing of that crisis had helped boost sentiment in Germany. Last week Germany and Iran...

  • *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...

  • Turkey attacks Kurdish militants in Northern Iraq Saturday, 25 Jul 2015 | 5:38 AM ET
    Town of al-Qaim at the Iraqi-Syrian border

    Turkish fighter jets, which on Friday attacked Islamic State targets in Syria, launched a wave of airstrikes in northern Iraq on Saturday. The New York Times reports.

  • *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...

  • LONDON, July 24- Oil prices neared four-month lows on Friday, set for their fourth straight week of declines, after data showed a contraction in China's factory sector and the dollar rose against a basket of currencies. Data showing activity in China's manufacturing sector shrank at the fastest pace in 15 months in July adds to concern about demand at a time when...

  • *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 24- Iran's foreign reserves total between $115 billion and $125 billion, including assets in its sovereign wealth fund, its industry minister said on Friday in one of the most detailed public descriptions of the reserves by an Iranian official. The size of the foreign reserves and the way in which Iran uses them will be crucial in its efforts to...

  • LONDON, July 24- Oil prices hovered near four-month lows on Friday after data showed a contraction in China's factory sector and the dollar rose against a basket of currencies. "Concerns around the demand environment were heightened further today by the PMI read out of China," said Michael McCarthy, chief market strategist at CMC Markets in Sydney.

  • LONDON, July 24- Brent crude oil prices neared four-month lows on Friday after data showed a contraction in China's factory sector and the dollar rose against a basket of currencies. "Concerns around the demand environment were heightened further today by the PMI read out of China," said Michael McCarthy, chief market strategist at CMC Markets in Sydney.

  • 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...

  • *OPEC members say price drop short term. "Demand is reasonably buoyant in the United States, but there's just so much supply," said Ben Le Brun, market analyst at OptionsXpress in Sydney. U.S. crude for September delivery was 11 cents higher at $49.30 by 0300 GMT, after dropping $1.67 on Wednesday to settle below $50 for the first time since April.

  • Why the Iran deal is like the financial crisis Wednesday, 22 Jul 2015 | 12:31 PM ET
    Iranian President Hassan Rouhani.

    The Iran deal's American negotiators didn't heed the lessons of the financial crisis when they struck the nuclear accord, says Rabbi Benjamin Blech.

  • *Indian refiners owe Iran more than $6.5 billion. NEW DELHI, July 22- India's top financial official will visit Iran this weekend to discuss how to pay its oil import dues, sources said on Wednesday after the deal Tehran struck with world powers to curb its nuclear program in return for the lifting of sanctions. The rest was settled in rupees through UCO Bank and...

  • Washington Post seeks UN agency help in freeing reporter Wednesday, 22 Jul 2015 | 9:45 AM ET

    WASHINGTON— The Washington Post has filed an urgent petition with the United Nations in the hopes that the institution will pressure Iran to release journalist Jason Rezaian, the newspaper's top editor and lawyers told U.S. reporters on Wednesday. The Post's lawyers and his family have denied the allegations and say Iran has no credible evidence to keep...