EU authorities are set to fine HSBC, JPMorgan and Credit Agricole by the end of the year for rigging financial benchmarks linked to the euro, Reuters reports, citing sources familiar with the…
Over the past year, the New Zealand economy has performed quite well. The country’s real GDP grew 0.8% to 0.9% in sequential terms in the past four quarters.
Investors resumed the post-US election trade of selling bonds and buying stocks on Wednesday after a pause earlier this week, albeit less aggressively, with Japan’s 10-year bond yield hitting its…
Boeing Co, the world’s biggest planemaker, said that it would cut 500 jobs over four years and shut two plants as it revamps its defense and space unit, Reuters reported. The company, which is…
The demonetization of Rs 500 and Rs 1,000 notes has left many in India facing a severe cash crunch and led to people lining outside banks or ATMs for cash, Zeebiz reported. The lack of liquidity…
Sanctions slammed on Zimbabwe by the International Monetary Fund have been lifted after the southern African country settled its arrears, TVCnews reported. The IMF, however, warns that it will not…
The US dollar experienced a hike in both the official exchange market and the Tehran open market on Wednesday as Bahar Azadi–the benchmark Iranian gold coin– fell.The greenback was traded at 32,…
The role of the Asian Infrastructure Investment Bank (AIIB) in Iranian economic projects was discussed in a meeting between the president of the China-based bank and the minister of roads and…
Real estate agents are willing to help the government get rid of the Mehr housing inventory that have no buyers, said Hessam Oqbaei, the head of Tehran’s Association of Realtors.
Iran Insurance Company, the only state-owned insurance firm, has been facing major challenges in recent months, as its share of the market shrinks and its debts mount.
The chief…
The Cabinet has decided to slash taxes on research projects down to 5%, says the head of Iran’s National Tax Administration. The bill for the tax cut is being prepared to be sent to the parliament…
The chief executive of Iran Mercantile Exchange agreed with the head of Real-Estate Agents Union to create an index to gauge the housing market.
Upendra Kumar Sinha, the head of India’s markets regulator, is touring Iran’s securities markets with two of his deputies along with India’s Ambassador to Iran Saurabh Kumar.
The officials…
Iran ranks 139th in the latest World Economic Forum annual report on “The Global Gender Gap”—a two-notch improvement from last year’s 141st.
The WEF report gave Iran a score of 0.587 in…
Mobarakeh Steel Company has asked the Iranian government to reduce the import duty on steel strip products by 25%, the company’s managing director said.
“To support downstream industries,…
Tehran Stock Exchange’s main index inched up 32.20 points or 0.04% to end Wednesday trade at 79,268.4.
More than one billion shares valued at $210.4 million changed hands for the day.
…
The International Energy Agency expects global oil consumption to peak no sooner than 2040, leaving its long-term forecasts for supply and demand unchanged despite the 2015 Paris Climate Change…
Libya plans to almost double crude production next year even as the producer group (OPEC) tries to implement a deal to trim production and ease the global supply glut.
Saudi Arabian and Russia energy ministers could meet in Qatar this week on the sidelines of a major energy forum, industry sources said, as OPEC and non-OPEC members try again to clinch an oil…
Iran should emerge as an electricity hub and a key player in power generation and export in the Middle East by 2025, a deputy energy minister said on Wednesday.
“Unlike many neighboring…
Iran is planning to invest $14 billion to upgrade its aging refining industry as part of efforts to rebuild and expand the petroleum industry despite low crude prices and volatility in global…
The 18th ministerial meeting of the Gas Exporting Countries Forum (GECF) will be held in Doha, Qatar on Thursday.
According to the semi-official Mehr News Agency, Hussein Kazempour Ardabili…
Exxon Mobil Corp is negotiating with Chad over a record $74 billion fine the US oil company was told to pay by a court in the Central African nation over unpaid royalties, Bloomberg reported on…
Cuba’s economic difficulties will be aggravated by the uncertainty regarding how US President-elect Donald Trump will deal with the thaw inherited from President Barack Obama.
The yuan ignored a declining dollar to drop to an eight-year low, with banks slashing their forecasts for China’s exchange rate amid concern an imminent Federal Reserve interest-rate increase will…
