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  • DUBAI, Feb 14- A leap by the Tehran stock market in the past four weeks contrasts with gloom in many bourses around the world and hints at Iran's investment potential as its economy, long isolated by sanctions, rejoins the global trading system. The TEDPIX index has soared 18.3 percent since Jan. 16, when the sanctions were lifted after an international deal on...

  • TEHRAN, Iran— Iran says it has exported its first crude oil shipment to Europe since it reached a landmark nuclear deal with world powers, the official IRNA news agency reported Sunday. Iran plans to add one million barrels to its oil production following implementation of the nuclear deal, which lifted international sanctions in exchange for Iran restricting...

  • NYAHURURU, Kenya— This Valentine's Day, there's a good chance your flowers came from Kenya. "I know the flowers are for giving on Valentine's Day," said Phanice Cherop, a worker at a flower farm in Kenya. Such conditions have helped make Kenya become the world's fourth-biggest supplier after the Netherlands, Ecuador and Colombia.

  • LONDON, Feb 14- Investors are being tempted by the mineral riches of Iran, which has opened for business after the lifting of sanctions as part of a nuclear deal. *Iron ore- Iran produced 34 million tonnes of iron ore in 2014 and has 2.7 billion tonnes of reserves. In 2014, Iran launched the Zarshuran plant, which it billed as the biggest gold processing operation in the...

  • *Iran has one of the world's biggest zinc deposits. *India considering $2 bln aluminium smelter in Iran. "Iran absolutely has world class mining assets, which have hitherto been shrouded from investors, but we're in the depths of one of the darkest, worst downturns in mining for some time," said Neil Passmore, chief executive of Hannam& Partners boutique merchant bank...

  • SINGAPORE, Feb 14- Aerospace leaders gathering for this week's Singapore Airshow face conflicting pressures as they juggle growing concerns over jetliner demand while keeping record production plans on track. Worries about the effects of a faltering global economy and tensions in the South China Sea overshadow the two-yearly event in Singapore, which is...

  • DIARY-Top Economic Events to Feb 27 Friday, 12 Feb 2016 | 7:01 PM ET

    BRUSSELS- European Central Bank President Mario Draghi speaks at the European Parliament- 1400 GMT. TUESDAY, FEBRUARY 16 WASHINGTON- Minneapolis Federal Reserve Bank President Kashkari speaks at Brookings Institution- 1530 GMT. NEWARK- Federal Reserve Bank of Philadelphia President Patrick Harker speaks on the economic outlook before the 2016 Economic...

  • LONDON, Feb 12- Oil prices jumped on Friday on prospects for a coordinated production cut sparked by comments from the energy minister of OPEC member United Arab Emirates. Brent gained as much as 6 percent against the previous day's settle, and was up 4.5 percent at $31.42 per barrel at 1510 GMT. "The comments by the UAE oil minister are pushing prices up... but we're...

  • NYAHURURU, Kenya— This Valentine's Day, there's a good chance your flowers came from Kenya. "I know the flowers are for giving on Valentine's Day," said Phanice Cherop, a worker at a flower farm in Kenya. Such conditions have helped make Kenya become the world's fourth-biggest supplier after the Netherlands, Ecuador and Colombia.

  • LONDON, Feb 12- Oil prices jumped on Friday on prospects of a coordinated production cut sparked by comments from the energy minister of OPEC member United Arab Emirates. Brent gained as much as 6 percent against the previous day's settle and was up 4.42 percent at $31.39 per barrel at 1216 GMT. "The comments by the UAE oil minister are pushing prices up... but we're...

  • New app helps young Iranians avoid "morality police" Friday, 12 Feb 2016 | 7:30 AM ET

    *New app collects data on morality police checkpoints. DUBAI, Feb 12- A new smartphone application that helps Iranians dodge the Islamic Republic's "morality police" is proving popular with the young, tech-savvy population but has quickly fallen foul of the authorities. Gershad is seen by some as setting a precedent for "digital protest" in Iran as elections loom...

  • MUNICH— Saudi Arabia's foreign minister on Friday defended his country's foreign policy and its stance in Yemen and Syria, insisting that the kingdom has no ambitions beyond its borders. Riyadh is also one of the main opponents of President Bashar Assad's government in Syria. He spoke after joining foreign ministers from global and regional powers— including...

  • SEOUL, South Korea— The closure of a factory park in North Korea jointly run by both Koreas has robbed the impoverished North of a rare source of legitimate hard currency. The bank has been publishing estimates of North Korea's economy since 1991. The Bank of Korea said North Korea's combined imports and exports that year were about $9.9 billion, including $2.4...

  • SINGAPORE, Feb 12- U.S. crude prices bounced away from 12- year lows early on Friday after comments by an OPEC energy minister sparked hopes of a coordinated production cut, yet analysts said such a move remained unlikely and that oversupply would persist. Friday's jump came after a Middle East energy minister of an OPEC country said the producer club was willing...

  • Feb 11- Avon Products Inc reported a bigger-than-expected drop in quarterly sales as it failed to revive demand for its cosmetics in Latin America, casting doubts over the company's ability to turn around without changing its business model. Avon is selling most of its North America business to Cerberus Capital, its biggest investor, after four years of...

  • ANKARA/ DUBAI, Feb 11- Iran's cancellation of a conference when it had been due to unveil investment contracts to international oil firms signals that political feuding is disrupting plans to revive its energy sector. Tehran blamed snags in obtaining British visas for Iranian delegates to the long-delayed conference, which had been scheduled to be held in...

  • UPDATE 1-Italy opens tax probe on Google managers-sources Thursday, 11 Feb 2016 | 10:58 AM ET

    MILAN, Feb 11- Prosecutors are investigating five managers at Alphabet Inc's Google as part of a probe into allegations the firm evaded taxes worth 227 million euros in Italy, investigative sources said on Thursday. Meanwhile, tax authorities in some countries, including Italy, are also trying to use existing tax rules to force companies to pay more tax on the...

  • UK lawmakers tell Google to come clean on tax Thursday, 11 Feb 2016 | 10:48 AM ET

    LONDON, Feb 11- UK lawmakers accused Google on Thursday of trying to fool Britons into believing it was a proponent of tax reform while remaining a prime beneficiary of loopholes in existing rules, and said if it was sincere the company would be more transparent over its tax affairs. Google's president for Europe, Middle East and Africa, Matt Brittin, told the...

  • UPDATE 1-Germany offers 500 mln euros in credits to Iraq Thursday, 11 Feb 2016 | 10:14 AM ET

    BERLIN, Feb 11- Germany will provide 500 million euros worth of credit to Iraq to help it weather the sharp downturn in global oil prices, Chancellor Angela Merkel said on Thursday after talks with Iraqi Prime Minister Haider al-Abadi. "Germany is ready to do what it can... to stabilize Iraq in view of the big security challenges and economic challenges," Merkel told a...

  • *Iran seen as stumbling block, unlikely to agree-sources. Top exporter Saudi Arabia might be warming to the idea, though it was too early to say whether the kingdom would give its blessing because any deal depends mainly on a commitment by Iran to restrict its plan to boost exports, the sources said. The proposal of a production "freeze" at current levels was floated...