News Wire

Court to hear MTN's case against Nigeria's central bank in $8.1 bln transfer row

20/10 A hearing in the court case between MTN and Nigeria's central bank in a dispute over the alleged transfer of $8.1 billion of funds by the telecoms firm, has been set for Oct. 30, a lawyer for MTN said on Friday.  Full story

Brazil’s Bolsonaro does not rule out retaining central bank chief Goldfajn

01h01 Brazil's presidential front-runner Jair Bolsonaro said on Saturday he does not rule out keeping acclaimed central bank chief Ilan Goldfajn in the job, on a day that thousands took to the streets of major. . .  Full story

UK firms near point of no return for Brexit contingency plans, CBI warns

01h01 Most British companies will implement their plans for coping with a disruptive Brexit by December if there is no clarity by then on how Britain will leave the European Union, a survey by a. . .  Full story

Germany's Scholz wants global tax floor to stop evasion

00h00 Germany's Finance Minister Olaf Scholz has proposed a global minimum rate of corporation tax coupled with tougher measures to prevent tax evaders from stashing their profits in tax havens, newspaper Welt am Sonntag reported.. . .  Full story

Iraq's Luaibi reverses INOC decree, says it aims to produce 7 mln bpd

20/10 Iraqi Oil Minister Jabar al-Luaibi has reversed his decision to transfer the ownership of nine state-owned oil companies from the ministry to the newly formed National Oil Company, the ministry said on Saturday.. . .  Full story

New Iraqi National Oil Company aims to produce 7 mln bpd -oil minister

20/10 Iraq is seeking to produce 7 million barrels of oil per day (bpd) through its newly established National Oil Company and to export 4 million bpd in 2019, Oil Minister Jabar al-Luaibi said on. . .  Full story

Italy's PM says govt in full accord over tax measures

20/10 Italy's ruling coalition has overcome divisions over a tax amnesty included in next year's budget, Prime Minister Giuseppe Conte said on Saturday.. . .  Full story

CrowdStrike hires Goldman Sachs to lead IPO -sources

20/10 Cybersecurity software maker CrowdStrike Inc has hired investment bank Goldman Sachs Group to prepare for an initial public offering that could come in the first half of next year, people familiar with the matter said. . .  Full story

Tunisia to sell Eurobonds worth $1 bln early next week - government source

20/10 Tunisia will sell Eurobonds worth $1 bln early next week, a government source said on Saturday.. . .  Full story

India's HDFC Bank reports record profit for July-Sept quarter

20/10 HDFC Bank Ltd has reported record profit for the three months ending Sept. 30 broadly in line with expectations, helped by higher interest and fee income.. . .  Full story

Italy would never leave the euro of its own will - minister

20/10 Italy would never willingly choose to leave the single currency and would drop out only if it were forced to, Italian European Affairs Minister Paolo Savona said on Saturday in a televised speech.. . .  Full story

Chinese premier tells European, Asian leaders Beijing will continue reform

20/10 Chinese Premier Li Keqiang said at a meeting between Asian and European leaders in Brussels that China will continue to open up its economy, push forward reforms and improve its business environment, the official. . .  Full story

BOJ deputy gov doubts digital currency will enhance monetary policy

20/10 Bank of Japan Deputy Governor Masayoshi Amamiya said on Saturday it was doubtful whether central banks could enhance the effectiveness of their monetary policies by issuing digital currencies.. . .  Full story

Zimbabwe aims to clear World Bank, AfDB arrears in 12 months - minister

20/10 Zimbabwe aims to clear its $2 billion arrears with the World Bank and African Development Bank in the next 12 months, after securing the support of international creditors and donor countries,. . .  Full story

Malaysia's Oct 1 - 20 palm oil exports fall 15.3 pct -AmSpec Agri

20/10 Exports of Malaysian palm oil products for October 1 - 20 fell 15.3 percent to 890,622 tonnes from 1,051,807 tonnes shipped during September 1 - 20, according to independent inspection company AmSpec. . .  Full story

China's Sept new home price gains led by smaller cities

20/10 China's new home prices increased at a firm pace in September, supported by gains in smaller cities and showing the market remained resilient despite pressures from softer investment, a slowing economy and government curbs on. . .  Full story

Malaysia's Oct 1 - 20 palm oil exports fall 26.0 pct -ITS

20/10 Exports of Malaysian palm oil products for October 1 - 20 fell 26.0 percent to 811,012 tonnes from 1,096,297 tonnes shipped during September 1 - 20, cargo surveyor Intertek Testing Services said. . .  Full story

China property price changes in September

20/10 Following is a breakdown of average new home price changes in major Chinese cities in September, announced by the National Bureau of Statistics on Saturday. Home price figures. . .  Full story

Fitch upgrades Cyprus to BBB-, investment-grade rating

20/10 Fitch on Friday upgraded Cyprus's credit ratings to BBB- from BB+, the second ratings agency in the space of little over a month to pull the island back into investment grade territory after a. . .  Full story

Moody's downgrades Italy's debt rating, says outlook stable

20/10 Moody's on Friday cut Italy's sovereign debt rating to one notch above junk status because of concerns over government budget plans, but in a move that could calm investor anxiety, it said the outlook. . .  Full story

Trump backs water projects in U.S. West as election nears

19/10 President Donald Trump on Friday threw his support behind speeding up water projects for agriculture and hydropower in the arid U.S. West, a move aimed to help build support for Republicans in tight congressional races. . .  Full story

U.S. CMS says 75,000 individuals' files accessed in data breach

19/10 The U.S. Centers for Medicare & Medicaid Services (CMS) said on Friday it was responding to a data breach that exposed the files of about 75,000 individuals.. . .  Full story

Lotto fever grips U.S. as Mega Millions jackpot hits $1 billion

19/10 Lotto fever was running high on Friday as the U.S. Mega Millions lottery jackpot soared to a record $1 billion, hours before the drawing for what is also the second-largest lottery prize in U.S.. . .  Full story

Argentine inflation to hit 2018 peak in Sept-Oct -treasury minister

19/10 Argentine inflation, now at 40.5 percent on a 12-month basis, is expected to peak for 2018 in September and October, Treasury Minister Nicolas Dujovne said on Friday in an address to a business conference in. . .  Full story

Euro, pound rally on Brexit concession; stocks dip

19/10 Stocks dipped on Friday, dragging a global index into a fourth consecutive weekly loss, while the euro and sterling rallied against the dollar after a report said Britain is ready to drop a key. . .  Full story

S&P falls on interest rate, trade concerns; P&G lifts Dow

19/10 The U.S. benchmark S&P 500 stock index edged lower on Friday as strong earnings from Procter & Gamble Co were offset by ongoing concerns about rising interest rates and tensions over trade policy denting economic. . .  Full story

FX options flag uncertainty before U.S. midterm election; bonds complacent

19/10 Currency options investors are bracing for increased volatility and possible U.S. dollar weakness going into the U.S. midterm elections next month.. . .  Full story

Soybeans hit one-week low on export woes; corn also eases

19/10 U.S. soybean futures fell to a one-week low on Friday and recorded a second straight weekly decline, pressured by fresh cancellations of U.S. soybean sales, traders said. Corn futures fell for. . .  Full story

Trump to meet heads of Boeing, Lockheed, Northrop at Arizona air base

19/10 U.S. President Donald Trump is scheduled to meet the chief executives of the biggest U.S. defense companies at Luke Air Force Base in Arizona on Friday to discuss how they can source more parts. . .  Full story

Oil up but posts weekly loss on stock build, trade tensions

19/10 Oil prices rose on Friday on signs of surging demand in China, the world's No. 2 oil consumer, although prices were headed for a second weekly decline on swelling U.S. inventories and concern that. . .  Full story

Latam stocks, FX headed for weekly gain; Mexico's peso weakens

19/10 Latin American currency and stock indices were on track to log weekly gains for a fifth straight week, with most currencies firming on Friday, while stock markets trimmed gains as the rally on Wall. . .  Full story

Frustrated GM investors ask what more CEO Barra can do

19/10 General Motors Co Chief Executive Mary Barra has transformed the No. 1 U.S. automaker in her almost five years in charge, but that is still not enough to satisfy investors.. . .  Full story

U.S. yields rise as hopes for Italy pare safety bids

19/10 U.S. Treasury yields rose on Friday, with the 10-year yield hovering near a one-week high as traders pared safe-haven bond positions stemming from hopes for reduced tension between Italy and the European Commission over the. . .  Full story

Gold firms as dollar eases, set for third week of gains

19/10 Gold prices edged up on Friday and were on course for a third straight week of gains, supported by robust technical momentum and a softer dollar.. . .  Full story

C$ hits 5-week low as data supports gradual rate hike approach

19/10 The Canadian dollar weakened to its lowest in more than five weeks against the greenback on Friday after domestic data showing a slowdown in inflation suggested the Bank of Canada would be unlikely to. . .  Full story

Ukraine secures new $3.9 billion IMF deal after gas price hike

19/10 Ukraine secured a new $3.9 billion stand-by aid agreement with the International Monetary Fund on Friday, helping the country maintain financial stability and the trust of investors as it heads into a choppy election. . .  Full story

EU urges deeper cuts to France's long-term deficit

19/10 The European Commission told France, Spain, Belgium, Portugal and Slovenia on Friday that their 2019 budget proposals did not meet recommended targets for cutting longer-term deficit cycles, but Paris played down the criticism.. . .  Full story

Moody's, S&P ratings downgrade round off tough week for DIA

19/10 Standard & Poor's and Moody's downgraded Spanish supermarket chain DIA's credit ratings to below investment grade, after the retailer issued its third profit warning in 12 months earlier this week.. . .  Full story

Raw sugar ends week higher on Brazil currency; grind data lifts cocoa

19/10 Raw sugar futures settled higher on Friday, supported by the strong currency in top-grower Brazil, while cocoa prices rose on positive grind data from North America and Asia.. . .  Full story

U.S. extends deadline for investors to divest holdings in Russia's Gaz

19/10 The U.S. Treasury said on Friday it was extending a deadline for investors to divest certain operations, debt and equity of sanctioned Russian company Gaz Group until Dec. 12.. . .  Full story

Italy's coalition partners trade barbs over tax amnesty

19/10 The leaders of Italy's ruling coalition parties accused each other on Friday of misleading voters over a disputed tax amnesty in their most acrimonious falling-out since they formed a government in June.. . .  Full story

Fed monitoring Khashoggi case, potential oil market impact -Bostic

19/10 U.S. Federal Reserve officials are monitoring the case of missing Saudi journalist Jamal Khashoggi and the possibility that any sanctions against Saudi Arabia could disrupt oil markets, Atlanta Fed President Raphael Bostic said on Friday.. . .  Full story

Euro, sterling gain on report that UK may drop key Brexit demand

19/10 The euro and British pound rallied against the U.S. dollar on Friday after Bloomberg News reported that British Prime Minister Theresa May is ready to drop a key Brexit demand in order to. . .  Full story

U.S. rig count rises to highest since March 2015 -Baker Hughes

19/10 U.S. drillers added oil rigs for a second week in a row this week, raising the rig count to the highest level since March 2015.. . .  Full story

U.S. Fed is raising rates for good reasons, BoE's Carney says

19/10 Bank of England Governor Mark Carney said on Friday he thought the U.S. Federal Reserve was raising interest rates for good reasons, based on the strength of the U.S. economy.. . .  Full story

-EU says no cliff-edge risk from Brexit for derivatives (Oct. 18)

19/10 A report on risks to the stability of derivatives markets posed by Brexit could lead to regulatory intervention, European Commission officials said on Thursday, dismissing warnings they could tumble off a cliff if Britain leaves. . .  Full story

Copper, nickel rise as China pledges support for illiquid firms

19/10 Copper rose on Friday and nickel prices rebounded from a one-month low after regulators in China pledged support for firms with liquidity issues brought on by months of slowing growth.. . .  Full story

Group led by EDP Renewables to invest in floating wind farm

19/10 A consortium led by Portugal's EDP Renewables (EDPR) will invest 125 million euros ($144 million) over three years in a 25 megawatt (MW) floating offshore wind farm, EDPR's principal shareholder Energias de Portugal said on. . .  Full story

French Connection in talks with several parties over sale of company

19/10 French Connection said on Friday it has begun discussions with four interested parties regarding a sale of the British clothing retailer.. . .  Full story

Air France inks pay deal in milestone for new CEO

19/10 Air France-KLM's new Chief Executive Ben Smith struck a pay deal with French unions on Friday, drawing a line under a protracted standoff that had led to costly strikes and the abrupt departure of. . .  Full story

Estonia plans new legal measures to combat money laundering

19/10 Estonia said on Friday it was planning to toughen anti-money laundering rules by forcing people suspected of benefiting from suspicious financial transactions to prove their wealth came from legitimate sources.. . .  Full story

Cambodia talks fail to end trade sanction threat, EU says

19/10 Cambodia failed on Friday to allay criticisms of authoritarianism and rights abuses that threaten the country's duty-free trading access to the European Union, the EU's top diplomat said after talks with its premier.. . .  Full story

Britain's FTSE stages recovery as investors seek safety

19/10 Britain's top share index closed higher on Friday as a stronger U.S. dollar boosted multinational stocks, higher oil prices lifted energy majors and investors sought safety in utilities and companies deemed less risky amid economic. . .  Full story

-EU signs Singapore trade deal, urges China to open up

19/10 The European Union signed a free-trade deal with Singapore at a summit with Asian leaders on Friday and pressed China to allow greater foreign investment in its economy, but ran into familiar resistance from. . .  Full story

European shares eke out weekly gains after choppy session

19/10 European stocks ended a choppy trading session broadly flat on Friday but managed to eke out a weekly gain despite mixed third-quarter earnings and while the budget row between Italy's populist government and. . .  Full story

Canada trims budget deficit, ups debt-to-GDP figures for 2017/18

19/10 Canada's finance ministry on Friday released final figures for the 2017/18 fiscal year and said the budget deficit was slightly smaller than initially forecast, while the debt-to-GDP ratio had edged up.. . .  Full story

Steinhoff says 85 pct of creditors accept restructuring extension

19/10 South African retailer Steinhoff, said that 85 percent of creditors support extending its debt restructuring by one month.. . .  Full story

Carney says BoE preparing banks for "cliff-edge" Brexit, however unlikely

19/10 The Bank of England is preparing Britain's financial system for the consequences of a "disorderly, cliff-edge" Brexit, however unlikely that may be, Governor Mark Carney said on Friday.. . .  Full story

Kansas City Southern profit soars, trade worry eases; shares climb

19/10 Railroad operator Kansas City Southern's quarterly profit jumped 34 percent, even after network congestion crimped operations in Mexico, where it has extensive services.. . .  Full story

MTN court case on Nigerian funds transfer set for end Oct -lawyer

19/10 A hearing in the court case between MTN and Nigeria's central bank in a dispute over the alleged illegal transfer of $8.1 billion of funds by the telecoms firm, has been. . .  Full story

Money-laundering watchdog to set first cryptocurrency rules by June

19/10 The global watchdog for money laundering will set up its first rules on oversight of cryptocurrencies by June, a major step towards creating international standards for an asset currently subject to patchy regulations.. . .  Full story

Norwegian regulator wants more banks considered systemically important

19/10 More Norwegian banks should be considered systemically important and be subject to higher capital requirements, the country's financial regulator said on Friday.. . .  Full story

EU clear to start talks to increase U.S. beef imports

19/10 European Union countries agreed on Friday to allow negotiations to start with Washington on increasing U.S. beef imports into Europe, in a move that could ease transatlantic trade tensions.. . .  Full story

STAR oil refinery to reduce Turkey depence on imports, says Erdogan

19/10 A new $6.3 billion refinery set up by the Azeri state oil company in Turkey will reduce Ankara's dependence on imports for processed oil products, President Tayyip Erdogan said on Friday.. . .  Full story

Germany to give cabin crew more rights amid Ryanair row - minister

19/10 The German government will propose legislation to guarantee airline cabin crew have the right to set up a works council, the labour minister said on Friday, in an action aimed at Ireland's Ryanair.. . .  Full story

State Street sees flat fourth-qtr servicing fee, shares fall 10 pct

19/10 Custodian bank State Street Corp said on Friday it expects fourth-quarter servicing fee revenue - its main earnings driver - to remain flat compared with the third quarter, sending its shares down 10 percent.. . .  Full story

Thyssenkrupp declares force majeure on low Rhine water levels

19/10 German industrial conglomerate Thyssenkrupp has declared force majeure as the Rhine's extremely low water levels are disrupting the delivery of raw materials to its Duisburg plant, the company said on Friday.. . .  Full story

Schlumberger reports slight profit beat, warns of sluggish U.S. growth

19/10 Schlumberger NV, the world's largest oilfield services provider, reported a slight profit beat on Friday but cautioned that North American growth would slow due to transportation bottlenecks and hurt results next quarter.. . .  Full story

Sterling gains after EU's Barnier says Brexit deal 90 pct done

19/10 The pound rose on Friday after EU Brexit negotiator Michel Barnier said a deal with the United Kingdom was 90 percent done, although undercurrents of uncertainty in Britain kept the gains in check.. . .  Full story

China's State Power in talks for Brazil hydro, thermal plants -source

19/10 China's State Power Investment Corporation is in talks to acquire two additional hydroelectric dams and two thermal plants in Brazil, a person with knowledge of the matter said Thursday.. . .  Full story

SolarWinds shares rise 3.2 pct in downsized market debut

19/10 SolarWinds Corp's shares rose as much as 3.2 percent in their downsized U.S. market debut on Friday, giving the enterprise software maker a market value of about $4.80 billion.. . .  Full story

TransferWise targets Asian faster payments systems in regional growth push

19/10 UK-based financial technology firm TransferWise plans to nearly double its Asia Pacific headcount and link up with new instant payments infrastructure in both Hong Kong and Singapore, its chief executive said in an interview.. . .  Full story

ANALYSIS-Argentina's Macri is stuck between the IMF and a hard place

19/10 Argentine President Mauricio Macri is used to seeing bad poll numbers as he struggles to drive through an unpopular austerity program that has cut fuel subsidies, raised taxes and sent utility bills soaring.. . .  Full story

India rate setters highlight inflation spike risk, signal rate hikes

19/10 India's interest rate setting committee sees a risk of rising headline inflation from high crude oil prices and a weak rupee, indicating potential rate hikes ahead even as it held rates unchanged at its. . .  Full story

Main stock index higher after inflation data

19/10 Canada's main stock index rose on Friday after data showed annual inflation rate dipped as price pressures from gas and air travel eased.. . .  Full story

StanChart set to miss 2018 cost targets -executive

19/10 Standard Chartered is a facing "a significant challenge" to meet its 2018 cost reduction targets and will likely cut jobs, freeze hiring and reduce investment, its chief financial officer said in an internal email.. . .  Full story

Italy's Conte sees no need to change budget despite EU concern

19/10 Italian Prime Minister Giuseppe Conte said on Friday he saw no need to change his government's 2019 budget, despite European Commission warnings over the bulging deficit.. . .  Full story

Pakistan's Engro says "no obligation" to renegotiate LNG contract

19/10 Pakistani conglomerate Engro Corp Ltd said on Friday it had "no obligation" to renegotiate a contract with the government for imported liquefied natural gas (LNG), a day after the new petroleum minister said it would. . .  Full story

Brazil's BRF says cooperating with authorities in food safety probe

19/10 Brazil's BRF SA the world's largest chicken exporter, said on Friday it has been cooperating with authorities handling a probe into whether it colluded with health officials to evade food safety checks, lifting its shares. . .  Full story

U.S. existing home sales fall for sixth straight month

19/10 U.S. home sales fell in September by the most in over two years as the housing market continued to struggle despite strength across the broader economy.. . .  Full story

Honeywell says tariff-related costs to weigh on margins in 2019

19/10 Honeywell International Inc said on Friday costs related to trade tariffs could put pressure on margins in 2019.. . .  Full story

Spanish banks recover after court to review mortgage stamp duty ruling

19/10 Shares in Spanish banks rebounded on Friday after the Supreme Court said it would review the impact of a ruling on mortgage stamp duty after initially saying on Thursday that banks would have to. . .  Full story

French, British lead foreign house buying in Portugal

19/10 Foreigners accounted for 11.5 percent of the value of all Portuguese property transactions in 2017, led by French and British buyers, the National Statistics Institute said on Friday.. . .  Full story

Piraeus Port urges Greece to speed up investment plan approval

19/10 Piraeus Port Authority (PPA), operator of Greece's largest port, wants the Greek government to speed up the approval of an investment plan that aims to attract more business to one of Europe's largest harbours,. . .  Full story

CEE MARKETS-Italy worry erases Polish bonds' post-upgrade gain

19/10 Poland led a rise in Central European government bond yields on Friday as Italy's dispute with the European Union over its plan for higher budget deficits also boosted debt yields in the euro zone,. . .  Full story

Low U.S. gas market stocks tempered by mild El Niño forecast: Kemp

19/10 U.S. natural gas stocks are going into winter at the lowest level for fifteen years despite a slightly faster rate of injections into storage over the summer than in 2016 or 2017.. . .  Full story

High noon in Brussels: Italy prepares for budget showdown

19/10 The European Central Bank's policy meeting will be relegated to a sideshow next week as the wrangle over Italy's budget takes the main stage.. . .  Full story

Beyond the setbacks, Macron's reform push begins to pay off

19/10 While France has experienced political turbulence and disappointing economic data in recent months, beneath the surface are signs of deeper change that suggest President Emmanuel Macron's reform drive is starting to bear fruit.. . .  Full story

Acacia Mining looks to force talks on Tanzania dispute

19/10 Acacia Mining threatened to use a bilateral investment treaty to force face-to-face talks with Tanzania over a long-running tax dispute that has seen the gold miner hit with a huge tax bill.. . .  Full story

Ryanair trumpets progress in relations with European pilots

19/10 Ryanair said on Friday it had reached an agreement with British, Portuguese and Italian pilots on contentious seniority and home base issues as the Irish budget airline seeks to end a damaging series of. . .  Full story

Italy economy almost stagnated in Q3, central bank estimates

19/10 The Italian economy grew just 0.1 percent in the third quarter of this year from the previous three months as industrial output stagnated, the Bank of Italy estimated on Friday.. . .  Full story

UK budget gap shrinks, but leeway still limited for Hammond

19/10 Britain's government recorded a smaller budget deficit than expected in September, but the improvement is unlikely to give much help to finance minister Philip Hammond as he prepares his annual budget.. . .  Full story

DS Smith to launch sale of plastics packaging unit in November

19/10 British packaging group DS Smith is expected to launch the sale of its plastic packaging division in November, three sources familiar with the matter said, in a deal that could be worth around $800. . .  Full story

Sri Lankan rupee hits record low, stocks settle near 5-yr closing trough

19/10 ** The Sri Lankan rupee fell to a record low of 171.80 per dollar on Friday as banks and importers bought the U.S. dollar, while stocks slid to a near five-year closing low in. . .  Full story

Slower orders for Atlas Copco spooks industry rivals too

19/10 Sweden's Atlas Copco reported lower than expected third-quarter orders on Friday and forecast softer demand for the remainder of the year, sending shares in the industrial equipment maker tumbling.. . .  Full story

Clash over Trump tariffs heats up with barrage of WTO litigation

19/10 Disputes over U.S. tariffs and retaliatory moves by other states have sparked 12 requests for adjudication at the World Trade Organization, signalling an escalation in global trade tensions.. . .  Full story

Germany looking to coordinate global minimum corporate tax

19/10 German Finance Minister Olaf Scholz is working with international counterparts on a global minimum corporate tax, a ministry spokesman said on Friday, as governments look to prevent companies from shopping around for tax havens.. . .  Full story

Melrose starts GKN break-up with launch of powder metallurgy sale - sources

19/10 Turnaround specialist Melrose has fired the starting gun on a break-up of Britain's 250-year old GKN by launching a sale of the engineer's powder metallurgy business which could fetch around 1.5 billion pounds ($1.96 billion).. . .  Full story

South African dairy firm Clover says in takeover talks, shares soar

19/10 Shares in South Africa's Clover Industries raced to their highest in almost two months on Friday after the dairy company said it is in talks with an unnamed firm that intends. . .  Full story

European politicians call for clampdown on tax trade trick

19/10 European politicians have called for action to tackle dividend stripping after Reuters and other media revealed how large banks were involved in trading schemes that cost taxpayers billions of euros.. . .  Full story

Gold on track for third weekly gain as stocks dip

19/10 Gold prices edged up on Friday, setting the metal on course for a third week of gains as weaker stock markets spurred investors to seek refuge in bullion, which also gained. . .  Full story

Asia Gold-India festival demand dims as price rally bites

19/10 A key festival brought little activity to the physical gold market in India this week as purchases remained significantly lower than normal with domestic prices jumping to the highest in more than two years.. . .  Full story

Dubai's Al Maktoum airport expansion delayed until 2030 - govt

19/10 A major expansion of Dubai's second airport Al Maktoum International will open in 2030, the emirate's government said, five years later than officials had previously indicated.. . .  Full story

German banks report sharp fall in Iran exports amid new US sanctions

19/10 German exports to Iran have dwindled since the United States pulled out of the international nuclear deal with Tehran, data showed on Friday, despite Berlin's attempts to shield companies from renewed U.S. sanctions against Tehran.. . .  Full story