The Iranian rial, whose plunge triggered an inflation crisis, is gaining in the unregulated market after President-elect Hassan Rohani said he would seek to ease international sanctions crippling the economy.
Iranian President-elect Hassan Rohani said he will make the country’s nuclear program more transparent as he seeks to ease tension with the U.S. and reduce “brutal” sanctions that have crippled the economy.
Iranian President-Elect Hassan Rohani’s vow to improve ties with the world carried him to a surprise first-round win. It also may have rewound the clock on a potential military strike against his country over its nuclear program.
West Texas Intermediate crude rose to a four-month high after President Barack Obama was said to authorize arming Syrian rebels groups, ratcheting up tensions in a region home to about a third of the world’s oil supply.
Index Ventures, an early investor in photo-sharing service Dropbox Inc., spent $11 million creating a company to develop an antibody-based clot-busting drug intended to treat heart attacks or strokes while limiting bleeding.
West Texas Intermediate climbed to its highest intraday level in 10 weeks on signs of economic recovery in the U.S., the world’s largest consumer of crude, and concern that Middle East exports may be disrupted.
The $14.5 billion investment by the U.S. in the Human Genome Project, completed a decade ago, has paid off more than 60-fold in new jobs, drugs and a rapidly expanding genetics industry, an analysis has found.