Turkish Bank Tells US Supreme Court It Should Be Immune From Iran Sanctions Charges
By Jonathan Stempel
May 7 (Reuters) - Türkiye's state-controlled Halkbank HALKB.IS asked the U.S. Supreme Court to throw out a lower court ruling saying it could be prosecuted on criminal charges it helped Iran evade American sanctions.
In a petition posted this...
Japanese Megabanks Weigh Middle East Evacuations, JPMorgan Limits Travel
TOKYO/NEW YORK, June 23 (Reuters) - Several major Japanese banks are considering evacuating staff from the Middle East and Wall Street giant JPMorgan JPM.N has restricted employee travel in the region as tensions escalate.
The United States entered the...
ANALYSIS: Iran’s Currency Collapse Raises Risk of Nationwide Unrest
https://kayhanlife.com/business/irans-currency-sinks-to-a-new-record-low/
By Roshanak Astaraki
Iran’s accelerating currency crisis has propelled the U.S. dollar exchange rate to more than 130,000 tomans, heightening fears of widespread social unrest across the country as households suffer.
In recent days, Iran’s currency...
ANALYSIS: Forty-Six Years After Revolution, Iran’s Economy Is Struggling
By Roshanak Astaraki
Forty-six years after the Islamic Revolution, which promised free water, electricity, and the distribution of oil wealth to the people, Iran’s economy is now facing one of its most critical moments.
The national...
Gold’s Rush to Record Heights Propelled by Global Anxieties, Iran Conflict
By Polina Devitt
LONDON, Oct 8 (Reuters) - Anxieties over global geopolitical and economic risks are the biggest drivers pushing gold's 53% surge this year to a record over $4,000 an ounce, with analysts seeing little to...
Russia Eyes 55 Bcm of Gas Exports to Iran per Year, Putin Says
By Vladimir Soldatkin
MOSCOW, Jan 17 (Reuters) - Russia may supply up to 55 billion cubic metres (bcm) of gas per year to Iran, Russian President Vladimir Putin said on Friday, as Moscow diversifies its gas flows after...
FOREX-Dollar Muted as Investors Watch Israel-Iran Conflict
By Amanda Cooper
LONDON, June 18 (Reuters) - The U.S. dollar eased against the yen and Swiss franc on Wednesday, as fighting between Israel and Iranprompted investors to scoop up safe-haven assets, while a Federal Reservedecision on interest rates...
ANALYSIS: OPEC and Saudi Spare Oil Production Capacity
LONDON, Feb 4 (Reuters) - U.S. President Donald Trump on Tuesday restored his "maximum pressure" campaign on Iran that includes efforts to drive its oil exports down to zero in order to stop Tehran from obtaining a nuclear weapon.
Such...
Iran’s Parliament Ousts Economy Minister Over Economic Mismanagement
DUBAI, March 2 (Reuters) - Iran's parliament voted on Sunday to remove the country's Economy Minister Abdolnaser Hemmati from office over mismanagement of the economy and a plunging national currency, state media reported.
The parliament has ousted...
Iranian Parliament Approves Currency Redenomination
DUBAI, Oct 5 (Reuters) - Iran has gained parliamentary approval for a monetary overhaul to remove four zeros from its national currency over the next few years to simplify transactions after years of inflation.
Years of inflation...
