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  • DUBAI, July 29- On the first visit to Iran for 12 years by a French foreign minister, Laurent Fabius conveyed an invitation from President Francois Hollande to Iran's President Hassan Rouhani to visit France in November, Iranian media said. France hopes to secure business in Iran once Western sanctions are lifted under the nuclear deal, and Fabius said last week...

  • Peugeot has "developed proposals" with historic partner Iran Khodro, Tavares said, but progress is being hindered by a backlash over France's tough line during the talks preceding a July 14 breakthrough deal under which sanctions are to be lifted in return for curbs on Iranian nuclear activities. Hashem Yekke-Zare, managing director of Iran Khodro, said the...

  • BEIJING/ SINGAPORE, July 29- Any attempt by Iran to sell to China millions of barrels of ultra light crude built up in tankers over the last 2-1/ 2 years of sanctions is likely to be thwarted by poor refining margins and an outage at a major importer of the oil. Traders and company officials say Iran has little choice but to target China to buy the crude known as...

  • *U.S. crude for September delivery dropped 25 cents to $47.73 a barrel as of 0003 GMT, after ending the previous session up 59 cents. The contract fell 17 cents in the previous session, and at one hit $52.28, its lowest since Feb. 2 on concerns about the stock market plunge in China, the world's largest energy consumer. *European Union foreign policy chief Federica...

  • Tough times strike Saudi Arabia’s millionaires Monday, 27 Jul 2015 | 10:35 AM ET

    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.

  • Why Ted Cruz called Mitch McConnell a liar Monday, 27 Jul 2015 | 7:21 AM ET
    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.

  • Kerry defends Iran deal in front of Senate Thursday, 23 Jul 2015 | 4:09 PM ET
    Secretary of State John Kerry, Secretary of Energy Ernest Moniz, and Secretary of the Treasury Jacob Lew testify during a hearing before the Senate Foreign Relations Committee July 23, 2015 on Capitol Hill in Washington, DC.

    Testifying before a skeptical Senate committee, Secretary of State John Kerry showed support of the Iran nuclear deal. The NYT reports.

  • 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...

  • Senate committee probes Iran deal Thursday, 23 Jul 2015 | 1:15 PM ET
    Senate committee probes Iran deal

    Secretary of State John Kerry; Energy Secretary Ernest Moniz; and Treasury Secretary Jack Lew testify before Senate. CNBC's Hampton Pearson reports.

  • 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...