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Iran’s Top Leader Sets Conditions for Europe to Save Nuclear Deal…

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Iran’s top leader set out a series of conditions on Wednesday for European powers if they want Tehran to stay in a nuclear deal after the U.S. exit, including steps by European banks to safeguard trade with Tehran and guaranteeing Iranian oil sales. U.S. President Donald Trump pulled out earlier this month from the 2015 […]

Trader: Italy on Verge of Inducing Fresh European Crisis…

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Tired (or maybe bored) of worrying about rising interest rates, a rising dollar and higher oil prices? Then fear not, because according to Bloomberg macro strategist and former Lehman trader, Mark Cudmore, you can now start worrying about a new, or rather well-forgotten, potential risk flashpoint, namely Italy which, as he writes in his latest […]

U.S. Oil Floods Europe, Hurting OPEC and Russia…

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As OPEC’s efforts to balance the oil market bear fruit, U.S. producers are reaping the benefits – and flooding Europe with a record amount of crude. Russia paired with the Organization of the Petroleum Exporting Countries last year in cutting oil output jointly by 1.8 million barrels per day (bpd), a deal they say has […]

EU Unveils Digital Tax Plans, Facebook, Google, Amazon to Be Hit…

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The European Commission proposed rules on Wednesday to make digital companies pay their fair share of tax, with U.S. tech giants such as Google , Facebook and Amazon set to foot a large chunk of the bill. Under the Commission’s plan, companies with significant digital revenues in Europe will pay a 3 percent tax on […]

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