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New US sanctions hit top Russian firmsPresident Barack Obama imposed sanctions on some of Russia's biggest firms for the first time, striking at the heart of Vladimir Putin's powerbase by targeting companies closest to him over Moscow's failure to curb violence in Ukrain More… |
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Iran eases demands for nuclear capacityIran has reduced demands for the size of its future nuclear enrichment programme in talks with world powers although Western governments are urging Tehran to compromise further, Western diplomats said. The diplomats, who spoke to More… |
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US slaps $9bn fine on BNP in new sanctions warningFrench bank BNP Paribas has pleaded guilty to two criminal charges and agreed to pay almost $9 billion to resolve accusations that it had violated US sanctions against Sudan, Cuba and Iran, in a severe punishment aimed at sending a clear message More… |
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Iran hopes for end of sanctions boom but investors waryWith the prospect of a diplomatic breakthrough next month bringing an end to Iran's international isolation, officials in Tehran are preparing to roll out the red carpet to foreign firms. But a tough legal environment and tricky domestic mar More… |
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Iran ready for oil output hike post-sanctionsIran put Opec on notice of its plans to raise output swiftly with the help of foreign investors immediately after any lifting of sanctions imposed over its nuclear programme. Oil Minister Bijan Zanganeh said Iran could increase oi More… |
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Iranian airline to buy 100 new jets post-sanctionsIran Air will need at least 100 passenger jets once sanctions against the country are lifted and will find it easier to do business with companies that co-operated during the current window for sanctions relief, the head of the airline said. More… |
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US threatened $16 billion BNP penalty: sourcesUS authorities negotiating with BNP Paribas over alleged sanctions violations at one point suggested that France's biggest bank pay a penalty as high as $16 billion, according to people familiar with the matter. While the sour More… |
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Iran pursues missile work, complicating nuke talksDespite apparently reducing illicit purchases that breach U.N. sanctions, Iran is pursuing development of ballistic missiles, a confidential UN report says, posing an acute challenge to six powers negotiating with Tehran to rein in its nuclear p More… |
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Iran's oil exports fall second month in AprilIran's oil exports dropped for a second month in April, the International Energy Agency said, moving closer to levels allowed by November's interim deal on curbing Tehran's nuclear programme. Global imports of Iranian More… |
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Iran to buy 400 airliners if sanctions liftedBarred by sanctions from buying Western airliners since the 1970s, Iran has pent-up demand for 400 new planes, Tehran's top aviation official was reported as saying, offering potential billions to manufacturers such as Airbus and Boeing. More… |
