The Traderszone Network

Members of the Organization of the Petroleum Exporting Countries (OPEC) should prepare for extra Iranian crude production when Western sanctions on Tehran are lifted, Iran’s oil minister was quoted on Tuesday by state news agency IRNA as saying. “We expect the members of OPEC to pave the ground for (an) increase of Iran’s oil production that will reach global markets when sanctions are lifted,” Bijan Namdar Zanganeh said during a meeting with his Venezuelan counterpart Asdrubal Chavez in Tehran, the agency reported.

The upcoming British general election is shaping up as the most open in decades, and the volatility from that uncertainty has one analyst saying the pound could even hit $1.35 ahead of the vote.
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“James is a giant!” said Alwaleed, a Murdoch family ally and one of Fox’s top shareholders with a 6.6 percent voting stake, in an interview. The billionaire prince’s seal of approval – and increasing acceptance of James by other shareholders – may be laying the ground for Fox to give the 42-year-old day-to-day control of the company sooner rather than later.

Boutique investment banks such as Allen & Company, Centerview Partners and Paul Taubman’s PJT Partners have limited resources compared to their larger brethren, and they use them to win mandates on a few big deals. Yet it is megadeals such as the Comcast-Time Warner Cable buyout, that carry the most regulatory risk.

Rosengren said he wanted the Federal Open Market Committee to debate about whether the United States’ inflation target of 2 per cent was too low, the FT reported. If inflation targets were set higher, it could mean a higher long-run policy rate, which would mean more room to cut interest rates before hitting the so-called “zero lower bound”, Rosengren, who does not have a vote on the Fed’s policy-setting committee this year, told FT.

As Jessye Norman tells CNBC that she once considered running for Congress, CNBC looks at some celebrities who’ve dabbled in politics.

BlackRock Inc., the world’s biggest money manager, agreed to pay $12 million to settle U.S. regulatory claims that it failed to disclose a conflict of interest of a top portfolio manager.