20 April 2015 9:36
The euro dipped Monday on fears about a Greek default, as tense talks between Athens and its international creditors lumber along with no breakthrough in sight.
In Tokyo, the euro slipped to $1.0800 and 128.38 yen from $1.0810 and 128.49 yen in New York, AFP reported.
The dollar fetched 118.87 yen, against 118.86 yen in US trade but down from 119.00 yen...
19 April 2015 8:45
The European Union seeks future gas imports from Iran to end dependence on Russian natural gas as prospects for a nuclear deal that would lift Iran sanctions raise new hopes among EU states.
"It's one of our priorities," EU commissioner for Climate Action and Energy Miguel Arias Canete was quoted by AFP as saying in the Latvian capital, Riga.
The European Union...
14 April 2015 11:19
The vice-president of the Middle-East's largest car manufacturer, Iran-Khodro Company (IKCO), announced that his company will export 30,000 sets of cars abroad in this Iranian year (March 2015-March 2016).
"We had set the export target of 20,000 sets last year, however due to sanctions, exchange fluctuations and problems in opening LC the company exported 7000 sets only," Ali Elmi, IKCO's Deputy...
14 April 2015 10:55
Iran said on Tuesday it can increase its oil production to pre-sanctions levels “very fast".
Iran’s Petroleum Minister Bijan Namdar Zanganeh told reporters the country has already carried out necessary tests to increase production from its producing fields.
“Within a few months after the removal of sanctions, Iran will be able to increase its oil production to levels that existed...
12 April 2015 8:57
German companies are eager for Western sanctions against Iran to be removed as a prelude to increasing trade ties with the Islamic Republic.
According to the German news agency, Deutsche Welle, German companies hope the removal of sanctions against Tehran through a final agreement between Iran and the P5+1 group of countries would pave the way for their prospective investments in...
11 April 2015 10:11
An Italian political party has reportedly collected over 100,000 signatures on a petition demanding a legal bill that would provide for the holding of a referendum on Italy’s withdrawal from the eurozone.
An Italian lawmaker affiliated with the country’s Five Star Movement (M5S) Party, Carlo Sibila, said although the petition has already exceeded the required number of signatures needed for the...
9 April 2015 22:35
Armed robbers have stolen USD 8.5 million worth of gold from a refinery at a mine owned by a Canadian company in Mexico’s western state of Sinaloa, company officials say.
The theft occurred on Tuesday at the El Gallo 1 mine and robbers made off with 900 kilograms (almost 2,000 pounds) of gold-bearing concentrate containing approximately 7,000 ounces of gold, the...
6 April 2015 18:10
Some reputable European companies are seeking presence in Iran's insurance industry after Lausanne nuclear statement, Chairman of Central Insurance of Iran Mohammad-Ebrahim Amin said on Monday.
Since Iran and the P5+1 -- US, UK, France, Russia, China and Germany -- reached mutual understanding in the Swiss city on Thursday, the European companies have expressed their willingness to have active presence in...
6 April 2015 7:47
Iran said on Saturday that its success in Switzerland last week to reach a framework of solutions with P5+1 has already encouraged it to start planning for boosting its non-oil exports.
Mohammadreza Nematzadeh, Iran’s minister of industry, mine and trade, said the prospect for the removal of economic sanctions against Iran – as highlighted at the...
5 April 2015 14:06
Iran's Minister of Economic Affairs and Finance Ali Tayebnia played down expectations that the removal of anti-Iran sanctions under a comprehensive nuclear deal with 5+1 group would settle the country's whole economic problems.
According to Tasnim news agency, Tayebnia said on Sunday "Though the country's recent economic conditions have been closely related to the issue of sanctions, it is naive...
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