Stocks Jump as Wall Street Thinks Tight U.S. Election Means Gridlock
By Chuck Mikolajczak
FIN - U.S. stocks surged to close higher on Wednesday as the presidential election race remained cloudy but the likelihood of gridlock in Congress made investors optimistic that major policy changes would...
U.S. Issues Fresh Iran-Related Sanctions Targeting State Oil Sector
WASHINGTON, Oct 26 (Reuters) - The United States on Monday imposed fresh Iran-related sanctions targeting the Islamic Republic's oil sector, including the Iranian Ministry of Petroleum, in Washington's latest move to increase pressure on Tehran.
The U.S....
Global Dirty Money Watchdog Revamps Rules to Battle Weapons Financing -U.S.
WASHINGTON, Oct 23 (Reuters) - A global dirty money watchdog on Friday agreed to revamp its standards to beef up monitoring of financing aimed at evading U.S. and United Nations sanctions and proliferating weapons...
Berkshire Hathaway to Pay $4.1 mln to Settle Alleged Iran Sanctions Violations
By Jonathan Stempel and Susan Heavey
WASHINGTON, Oct 20 (Reuters) - Warren Buffett's Berkshire Hathaway Inc agreed to pay $4.14 million to settle civil allegations that a Turkish subsidiary committed "egregious" violations of U.S. sanctions...
Iran’s Rial Falls to New Low, as Coronavirus Deaths Hit New High
DUBAI, Oct 11 (Reuters) - The Iranian rial fell to a new low against the U.S. dollar on Sunday as a record daily death toll from COVID-19 compounded concerns over new U.S. sanctions which may...
Iran’s Rial Hits New Low Against Dollar as Economy Reels
Oct 10 (Reuters) - The Iranian rial fell to a new low against the U.S. dollar on Saturday as the economy reels under pressure from the COVID-19 pandemic and U.S. sanctions.
The dollar was selling for...
U.S. Imposes New Iran Sanctions That May Spook European Banks
By Daphne Psaledakis and Arshad Mohammed
WASHINGTON, Oct 8 (Reuters) - The United States on Thursday slapped fresh sanctions on Iran's financial sector, targeting 18 banks in an effort to further choke off Iranian revenues as Washington...
Turkey’s Halkbank Must Face U.S. Indictment Over Iran Sanctions Violations, Judge Rules
By Jonathan Stempel
NEW YORK, Oct 1 (Reuters) - A U.S. judge on Thursday refused to dismiss an indictment accusing state-owned Turkish lender Halkbank of helping Iran evade American sanctions.
U.S. District Judge Richard Berman in...
Huawei CFO Arrives in Court for End of Latest Hearings in U.S. Extradition Case
By Moira Warburton and Tessa Vikander
VANCOUVER, Sept 30 (Reuters) - Huawei Chief Financial Officer Meng Wanzhou arrived in court on Wednesday morning ahead of her lawyers' rebuttal to arguments made by the Canadian government,...
Iran to Export Oil Using Capillary Distribution Strategy, Minister Says
By Kayhan Life Staff
Iran’s Oil Minister Bijan Namdar Zanganeh has said that the country is exploring alternative ways of exporting its oil, including capillary marketing and distribution strategy.
Capillary transport is the last link in...
