This is the End of Iranian Conflict?
Iran’s accord with world powers to limit its nuclear program in exchange for as much as $7 billion in relief from sanctions. With this agreement, Iran lower is its nuclear activities but wins an easing of certain sanctions on oil, auto parts, gold and precious metals for six months. Though the deal is reversible but allow Iran to keep exporting crude at current levels.
This is the first major reversal of deterioration of relations between Iran and...
Turkey Current Accout Deficit Widens in September
September’s current account deficit surprised the market to the upside at $3.28bn; the 12-month rolling current account deficit is likely to continue to widen. With this outcome, the gap in the first nine months of the year becomes $49bn, which compares unfavorably with the deficit seen in the same period of 2012 ($38bn). Market consensus error was due to higher than expected gold imports.
There are some developments are worth noting...