0845 GMT May 24, 2022
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Asian markets mostly rose on Wednesday but investors were shifting cautiously as they weighed hopes for a virus vaccine against surging infections around the world that threaten an already stuttering economic recovery.
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“Once my taxes are paid, at the end of the day I have 20 or 25 euros left in my pocket,” lamented Greek hairdresser Babis Toumbanos.
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President of Europe's special purpose vehicle for trade with Iran will visit London next week to talks with British traders and officials, an informed source said Tuesday.
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To mark the ascension of Japan's new emperor, the government declared an unprecedented 10-day holiday from late April to early May, worrying investors, who say a market shutdown could cause disruption and unsettle the yen.
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Oil held losses near $65 as the prospect of rising output in the US weighed on prices while investors continued to assess signs from OPEC on whether it would ease production curbs.
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For oil traders, there’s no place quite like Saldanha Bay. When prices slumped in 2014, trading houses generated outsize profits by storing millions of barrels of crude in the deep-water harbor north of Cape Town.
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Serious signs have appeared showing that doing business with Iran may have already started to return to normal a year after the removal of sanctions that had complicated commerce with the country since 2011.
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Iran’s President Hassan Rouhani said that Tehran welcomes American traders, technicians, businessmen; however, he criticized the US government for the belated license to allow the sale of aircraft to Iran as was agreed under last year’s nuclear deal.
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A number of global oil traders have started barter deals with the National Iranian Oil Company (NIOC) whereby they would supply Iran with gasoline and receive fuel oil in exchange, media reports said.
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Iran is about to open for business, and the world’s grain traders are lining up.
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Rasht, Sept 10, IRNA – Director General of Asia-Pacific Commercial Bureau of Iran Trade Promotion Organization said that many foreign trade delegations have announced readiness for development of relations with Iran.
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