Iran says no OPEC member can take over its share of oil exports
LONDON (Reuters) - Iran told OPEC on Sunday no member country should be allowed to take over another member's share of oil exports, expressing Tehran's concern about Saudi Arabia's offer to pump more oil in the face of U.S. sanctions on Iranian oil sales.
Turkey's Erdogan says to challenge 'games' on the economy
ANKARA (Reuters) - A day after two major ratings agencies downgraded Turkey closer to junk status amid a currency crisis, Turkish President Tayyip Erdogan said he would challenge those playing "games" on the economy.
Venezuelan shopkeepers alarmed by Maduro's latest economic moves
PUNTO FIJO/SAN CRISTOBAL, Venezuela (Reuters) - After Venezuelan President Nicolas Maduro's 60-fold increase to the minimum wage, storeowners on Saturday wrestled with an anguishing decision: Close up shop or hit customers with steep price hikes at the risk of sinking the business.
Chinese internet stock sell-off may shake faith in FANGs
SAN FRANCISCO (Reuters) - A steep downturn in heavyweight Chinese internet stocks and recent weakness in half of the so-called FANG group have some investors worried that a key component of Wall Street's near-decade long rally may be low on fuel.
Iran anti-money laundering law faces challenge as deadline looms
DUBAI (Reuters) - A top Iranian constitutional body has demanded changes to anti-money laundering measures passed by parliament, state-run media said on Saturday, as Tehran nears a deadline to pass legislation to help it attract investment while facing U.S sanctions.
China regulator asks financial institutions to support infrastructure investment
BEIJING (Reuters) - China's banking and insurance regulator has asked financial institutions to give more support to infrastructure investment, importers and exporters, and creditworthy companies experiencing temporary problems.
Kill quarterly reporting? Some investors ring alarm bells
NEW YORK (Reuters) - Less reporting by U.S. corporations could put shareholders in the dark, allow companies to drift off course and even make U.S. stocks less attractive and create less public company investment, some investors and analysts argue.
USTR doubles length of tariff hearing on $200 billion of China goods
WASHINGTON (Reuters) - The U.S. Trade Representative's office said on Friday it doubled the length of tariff hearings on the next $200 billion worth of Chinese goods to six days from the previously planned three due to overwhelming demand from companies to testify.
Venezuelans rush to shop, fill tanks before monetary overhaul
CARACAS/MARACAIBO (Reuters) - Jittery Venezuelans on Friday rushed to shops and lined up at gas stations on concerns that a monetary overhaul to lop off five zeros from prices in response to hyperinflation could wreak financial havoc and make basic commerce impossible.
U.S. consumer sentiment hits 11-month low, inflation in focus
WASHINGTON (Reuters) - U.S. consumer sentiment fell to an 11-month low in early August, with households expressing concerns about the rising cost of living, potentially signaling a slowdown in consumer spending.