World oil markets will not see a significant rise in Iranian supplies for up to five years even if the OPEC member and world powers clinch a final nuclear deal by end-June, Fatih Birol chief economist and future head of International Energy Agency (IEA) said.
Tags: Europe
Greece not playing a game of chicken on debt - Kotzias
Greek Foreign Minister Nikos Kotzias said on Friday he respects Germany just not German politics, nor the way Berlin views Greece's economy, which faces the prospect of running out of money if it cannot agree to new bailout terms with creditors.
Asian central banks to ease further, but effects may be muted: Reuters poll
Emerging Asian central banks are expected to cut interest rates again in the coming months, but economists polled by Reuters are doubtful the moves will significantly boost growth or inflation.
Swedish watchdog may raise banks' reserves to cool housing market
Sweden's financial watchdog may increase the amount of capital the country's banks must set aside as reserves in a bid to cool a red-hot housing market, it said on Tuesday.
Project CARS with PC-like graphics in PS4 releases on May 7
Andy Garton announced that Project CARS is now set for release on May 7 in Europe, and May 12 in US. The game is said to have PC-like graphics settings in PS4 and Xbox One versions.
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Investors will cast a wary eye on the latest gauges of the United States' economic health this week, while troubled Europe shows early signs of turning the corner.
The United States expects the trade promotion authority (TPA) legislation, which is seen as an important step to speed free trade deals, will be passed by the Congress over the next month, a U.S. official said on Wednesday.
Greece sent an updated list of reforms to lenders on Wednesday to try to unlock financial aid and avoid a default but euro zone officials said more work was needed before new funds could be released.
Bethesda has released “The Assignment” a couple of weeks ago and recently announced the release of another “The Evil Within” DLC: “The Consequence”. Another DLC is also set to be released called “The Executioner”. All three are also offered with a special deal.
A latest Android Lollipop update has just been released for AT&T Samsung Galaxy Note 4, Galaxy Note 3, and Galaxy S4. In view of this update release, check out the deals, rumors, and upgrade info.
The surging value of the U.S. dollar may be posing the biggest threat to U.S. corporate earnings since the 2008 financial crisis, hurting results at most U.S.-based multinationals. Some on Wall Street are even talking about an earnings recession.
As the dollar surged in the last 12 months, David Marcus, head of the Evermore Global Value fund, steadily increased his stake in Europe. He now has 60 percent of his portfolio invested in companies in the euro zone, the largest stake among any global fund tracked by Lipper.
Germany's economy minister has promised to block any clauses in a trade deal between the European Union and the United States that go against the ideals of his center-left Social Democrats (SPD), including investor protection clauses wanted by the Americans.
World shares rose back towards all-time highs and a slump then jump in the dollar triggered wild moves in currency markets on Thursday, as investors priced in a later start and a slower pace for future U.S. rate rises.
