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Iran, powers set to miss nuclear talks deadline, seek extension

published about 2 hours ago
Iran, powers set to miss nuclear talks deadline, seek extension
By Parisa Hafezi and John Irish VIENNA (Reuters) - Iran, the United States and other world powers are all but certain to miss Monday's deadline for negotiations to resolve a 12-year stand-off over Tehran's atomic ambitions, forcing them to seek an extension, sources say. The talks in Vienna could lead to a transformation of the Middle East, open the door to ending economic sanctions on Iran and start to bring a nation of 76 million people in from the cold ... more

Italy regional votes to test public mood on Renzi

published about 6 hours ago
Italy regional votes to test public mood on Renzi
By Isla Binnie and Gavin Jones ROME (Reuters) - Italians voted on Sunday in regional ballots which will test whether the country, tired of economic stagnation and austerity, is also wearying of Matteo Renzi's nine-month old coalition government. Renzi's popularity peaked in June shortly after a landslide victory in European parliament elections, but his ruling party has been steadily slipping lower in opinion polls since, as the economy stutters and joblessness remains stubbornly high. ...

Exclusive: China ready to cut rates again on fears of deflation - sources

published about 6 hours ago
Exclusive: China ready to cut rates again on fears of deflation - sources
By By Kevin Yao BEIJING (Reuters) - China's leadership and central bank are ready to cut interest rates again and also loosen lending restrictions, concerned that falling prices could trigger a surge in debt defaults, business failures and job losses, said sources involved in policy-making. Friday's surprise cut in rates, the first in more than two years, reflects a change of course by Beijing and the central bank, which had persisted with modest stimulus measures before finally deciding last week ... more

Putin says Russia is not isolated: TASS

published about 7 hours ago
Putin says Russia is not isolated: TASS
MOSCOW (Reuters) - President Vladimir Putin said Moscow was not and would not be isolated on the international scene and dismissed the risk of "catastrophic consequences" for the Russian economy of Western sanctions combined with a oil price fall and rouble slide. "We understand the fatality of an 'Iron Curtain' for us," Putin was quoted as saying the TASS news agency in an interview published on Sunday. "We will not go down this path in any case and no one ... more

Obama immigration plan good, not great for economy

published about 21 hours ago
WASHINGTON (AP) — President Barack Obama's expansive executive action on immigration is good for the U.S. economy — just not as good as partnering with Congress on broader reforms.