Iran would sell more oil if Western sanctions lifted: Mehr agency

Iran said oil prices would not rise above $60 a barrel until 2016 and that it would increase crude exports if Western sanctions over its nuclear program were lifted, the semi-official Mehr news agency reported on Friday.


Nirvana rocker Kurt Cobain's childhood home on sale for $400,000

Nirvana singer Kurt Cobain's childhood home in Washington state is on sale for $400,000, complete with drawings he made on the bedroom wall, a realtor said on Wednesday.

Costco working to end use of human antibiotics in chicken

Costco Wholesale Corp is working toward eliminating the sale of chicken and meat from other animals raised with antibiotics that are vital to fighting human infections, senior executives at the third-largest U.S. retailer told Reuters on Thursday.

Amazon opens store on Alibaba's online marketplace Tmall

Amazon.com Inc has opened an online store on Alibaba Group Holding Ltd's fast-growing online marketplace, Tmall.com as it seeks to expand in China, an Alibaba spokesman said.


Latest News

German carmaker Volkswagen (VOWG_p.DE) will next week announce an investment worth around $1 billion in Mexico to expand its Puebla plant, a person familiar with the matter said on Thursday.
Oil closed lower on Thursday in volatile trade, as a soaring dollar and the U.S. pursuit of an Iranian nuclear deal offset earlier gains from supply concerns in Libya and Iraq.
China will boost efforts this year to rid itself of a strong addiction to coal in a bid to reduce damaging pollution as well as cut the energy intensity of its economy, which is expected to grow at its lowest rate in 25 years.
Britain is ready to force the sale of Russian oligarch Mikhail Fridman's recently acquired North Sea energy assets unless it receives unspecified assurances within the next week, Prime Minister David Cameron's spokesman said on Thursday.
Ireland's government expects International Consolidated Airlines Group (ICAG.L) (IAG) to make a further offer to convince it to sell its 25 percent stake in Aer Lingus (AERL.I), Deputy Prime Minister Joan Burton said on Thursday.
Emirates [EMIRA.UL] has had extensive discussions with Airbus about the production of a revamped version of the A380 super jumbo with more efficient engines, the airline's president said on Thursday.
Emirates Airline [EMIRA.UL] President Tim Clark plans talks with officials in Washington in two weeks' time to help formulate its response to allegations by U.S. airlines of unfair subsidies awarded to Gulf airlines, he said on Thursday.
Brent crude future prices rose above $61 a barrel on Thursday, as investors brushed aside bearish U.S. inventories data to focus on the lack of a deal in talks over Iran's nuclear program.
AbbVie Inc (ABBV.N) is to buy Pharmacyclics Inc (PCYC.O) for about $21 billion, giving it access to what is expected to be one of the world's top-selling cancer drugs and expanding its reach in the profitable oncology field.
It is too early to discuss a third bailout package for Greece, European Commission President Jean-Claude Juncker said on Wednesday, stressing the focus of talks with Athens was implementing measures already agreed with the euro zone.