By Georgina Prodhan BERLIN (Reuters) – Tohid Tasoujian is a co-founder of online fashion store Taxi Moda and one of a growing breed of Internet entrepreneurs in sanctions-hit Iran. Digikala went on to attract a $10 million investment from a European fund last year, making headlines as this valued the company at $150 million, while Cafe Bazaar’s co-founder Hessam Armandehi is a poster child for Iran’s high-tech scene.
By Alister Doyle OSLO (Reuters) – A new United Nations fund set up to help developing nations tackle climate change will take bigger risks than many international lenders to promote innovative green technologies, the head of the fund said on Friday. Hela Cheikhrouhou, executive director of the Green Climate Fund (GCF), told Reuters that donor pledges of $10.2 billion so far were a good start but only a fraction of
By Sarah Young and Pamela Barbaglia LONDON (Reuters) – Vodafone, the world’s second-biggest mobile telecoms company, said on Friday it was in talks with Europe’s largest cable operator, Liberty Global, about an exchange of “selected assets” but was not discussing a full-blown merger. “Vodafone is not in discussions with Liberty Global concerning a combination of the two companies,” the company said in a statement responding to media speculation on Friday.
Traders see a 53-percent chance that the first Fed rate hike will come at the Fed’s second-to-last meeting of the year, based on CME FedWatch, which tracks rate hike expectations using its Fed funds futures contracts. Before Friday’s report on May jobs, traders appeared convinced that the Fed would need to wait until at least December and perhaps into next year before removing any of its monetary policy accommodation. An
A new study shows more financial advisors are getting on the passive-investing bandwagon, now favoring ETFs over traditional mutual fund investments.
Wal-Mart says board Chairman Rob Walton will step down and be succeeded by Vice Chairman Greg Penner, who is Walton’s son-in-law. The world’s largest retailer says the change will take effect at the end …
OPEC again agreed to cede no ground to rival producers, keeping its faith that U.S. shale drillers and other higher-cost rivals will capitulate first.
Greek Prime Minister Alexis Tsipras is preparing to address lawmakers after raising the stakes in his country’s showdown with creditors by rejecting demands for more austerity and opting for a deferral of IMF payments. The Greek decision to bundle upcoming International Monetary Fund payments and transfer them all at the end of the month was a 180 degree turn by the government and caught many by surprise. Tsipras told reporters
GOP presidential candidate Rick Perry said Friday his initiatives as Texas governor can work anywhere in the United States.
The price of a private lunch with Warren Buffett is already near $1.6 million, and that is likely to grow before the auction wraps up Friday evening. The Glide Foundation, which uses the auction proceeds …