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  • Imports by Iran's four biggest buyers- China, India, Japan and South Korea- totalled just over 1 million barrels per day last month, down 1.3 percent from a year earlier, government and tanker-tracking data showed. Under the accord reached in Vienna on July 14, Iran will be subject to longer-term restrictions on its nuclear programme in return for the removal of U.S.,...

  • Gov. Christie: Running in crowded GOP field Thursday, 27 Aug 2015 | 8:39 AM ET
    Gov. Christie: Running in crowded GOP field

    Campaigns matter, says Gov. Chris Christie, (R-N.J.), weighing in with his plan to gain traction among the 17 other Republicans candidates running for president.

  • CNBC update: Turkey bacon recall Wednesday, 26 Aug 2015 | 12:33 PM ET
    CNBC update: Turkey bacon recall

    Food maker Kraft-Heinz is recalling more than 2 million pounds of Oscar Mayer turkey bacon, reports CNBC's Sue Herera.

  • DUBAI, Aug 26- Iran will offer three gas fields to foreign investors at a conference in London later this year, an Iranian official said on Wednesday. Development of North Pars, Golshan and Ferdowsi gas fields will be offered to investors at the upcoming London conference where Iran is due to unveil its new contract model, managing director of Pars Oil and Gas...

  • ZHUKOVSKY, Russia, Aug 25- Russian civil aviation companies face a disappointing week at the country's largest air show that opened on Tuesday as economic crisis and Western sanctions take a heavy toll on order books and scare away many foreign firms. According to Russian media, Russia and Iran will sign a $1 billion deal during the three-day show for S-300...

  • UPDATE 10-Oil rebounds but still near 6-1/2-year lows Tuesday, 25 Aug 2015 | 12:10 PM ET

    *China cuts interest rates, helping global stock market rebound. NEW YORK, Aug 25- Oil rose more than 3 percent on Tuesday as oversold conditions brought some buyers back to the market, but a lingering supply glut and worries about the slowing economy in top commodities consumer China kept crude prices near 6-1/ 2- year lows. China cut interest rates on Tuesday and...

  • DUBAI, Aug 25- Iran will ramp up crude oil production and reclaim its lost share of exports shortly after international sanctions on the OPEC member are lifted, Iran's oil minister Bijan Zanganeh said on Tuesday. Iran and six world powers agreed a deal in July to curb Tehran's nuclear programme, but sanctions imposed in 2012 will not be lifted until Iran has...

  • Why the outlook for oil stays bearish Monday, 24 Aug 2015 | 7:42 PM ET
    Why the outlook for oil stays bearish

    Dan Yergin, vice shairman of IHS, says China-related jitters and the possibility of Iran adding to a global supply glut will shape a bearish outlook for the price of oil for at least a year.

  • *Nishida aimed to head Japan's business lobby. TOKYO, Aug 25- Tom Scott, a former U.S. executive at Toshiba Corp, remembers his former boss Atsutoshi Nishida as an aggressive leader who could motivate staff but also rattle them with tough sales targets and an occasional dressing down. Now his, and other executives' management style is at the center of questions over...

  • BERLIN— German Foreign Minister Frank-Walter Steinmeier will travel to Iran in early October, the first such visit in more than a decade. Foreign Ministry spokesman Martin Schaefer said Monday that the recent conclusion of the nuclear deal with Iran was a "good occasion" to restore Germany's traditionally close ties with the country. For decades Germany was...

  • *Iran says will defend market share "at any cost". It's all about China, " Carsten Fritsch, senior oil analyst at Commerzbank in Frankfurt, told Reuters Global Oil Forum. Brent oil was trading down $1.85, more than 4 percent, at $43.61 a barrel at 0950 GMT, after touching an intraday low of $43.28, its weakest since March 2009.

  • *Iran says OPEC meeting could help stabilise prices. It's all about China, " Carsten Fritsch, senior oil analyst at Commerzbank in Frankfurt, told Reuters Global Oil Forum. Brent oil was trading down $1.20, or 2.6 percent, at $44.26 a barrel at 0750 GMT, after hitting an intraday low of $44.00, its weakest since March 2009.

  • TEHRAN, Aug 24- Royal Dutch Shell will repay a $2 billion debt to the National Iranian Oil Company when sanctions on Iran are lifted and will consider investing in the country's vast energy sector, Shell's boss for new business said. Clearly Iran remains under sanctions with time before sanctions will be unwound and clearly we will be absolutely adhering to all...

  • *Brent down over $1/ bbl; hits intraday low $44.24. US crude down over $1/ bbl; hits intraday low $39.00. Brent oil was trading down $1.09 a barrel at $44.37 as of 0506 GMT, after hitting an intraday low of $44.24, its lowest since March 2009.

  • DUBAI, Aug 23- Iran's Oil Minister, Bijan Zanganeh, said on Sunday that holding an emergency OPEC meeting may be "effective" in stabilizing the oil price, Iran's oil ministry news agency Shana reported. Algeria said earlier this month that the Organization of Petroleum Exporting Countries could hold an emergency meeting to discuss the drop in oil prices but other...

  • DUBAI, Aug 23- Iran's Oil Minister, Bijan Zanganeh, said on Sunday that holding an OPEC emergency meeting may be "effective" to stop the oil price slump, Iran's oil ministry news agency Shana reported. "Iran endorses an emergency OPEC meeting and would not disagree with it," he told reporters in Tehran, according to Shana. While OPEC rules say a simple majority of the 12...

  • TEHRAN, Aug 23- "Death to England" is scrawled in oddly tidy Farsi above a photograph of Queen Elizabeth on the wall of the 19th Century embassy in Tehran, testimony to the perception here that Britain is a perfidious intriguer in Iranian affairs. British Foreign Secretary Philip Hammond reopened the embassy in Tehran on Sunday, nearly four years since it was...

  • *'Old Fox' Britain reopens embassy to Iran. *Iran to reopen embassy in London- Hammond. TEHRAN, Aug 23- Britain reopened its embassy in Tehran on Sunday, a striking signal of how Western ties with Iran have thawed since protesters ransacked the ambassador's residence and burned the Union Jack nearly four years ago.

  • *'Old Fox' Britain reopens embassy to Iran. *Iran to reopen embassy in London- Hammond. TEHRAN, Aug 23- Britain reopened its embassy in Tehran on Sunday nearly four years after protesters ransacked the ambassador's residence and burned the Union Jack.

  • *'Old Fox' Britain to reopen embassy to Iran. *Iran to reopen embassy in London- Hammond. KUWAIT, Aug 23- In a signal of the most striking thaw in the Western ties with Iran for over a decade, Foreign Secretary Philip Hammond will reopen the British embassy in Tehran nearly four years since protesters ransacked the elegant ambassadorial residence and burned the Union...