IKB Deutsche Industriebank; Iran Mercantile Exchange
IKB Deutsche Industriebank AG, will ask shareholders to approve its $2.2 billion stock sale plan as part of a government led bailout.
The bailout is the third rescue package for IKB, which last year became the first German casualty of the US housing debacle.
Since July, total financial aid to IKB, $11.5 billion.
IME Iran Mercantile Exchange...
Iran, holder of the world's 2nd largest oil and gas reserves, opened an exchange for crude and petrochemicals.
The Tehran-based exchange is initially using "spot" rather than futures trading, requiring immediate payment and delivery of the physical product.
The Iranian rial will be used for all transactions in the first phase and can be converted in real time into any currency.
Traders are based in the Kish Island free zone, offering investors easy transfer of money and tax exemptions.
Iran's ambassador to Moscow, Gholamreza Ansari: The exchange may also use the Russian ruble "to free the world of dollar slavery."
The bailout is the third rescue package for IKB, which last year became the first German casualty of the US housing debacle.
Since July, total financial aid to IKB, $11.5 billion.
IME Iran Mercantile Exchange...
Iran, holder of the world's 2nd largest oil and gas reserves, opened an exchange for crude and petrochemicals.
The Tehran-based exchange is initially using "spot" rather than futures trading, requiring immediate payment and delivery of the physical product.
The Iranian rial will be used for all transactions in the first phase and can be converted in real time into any currency.
Traders are based in the Kish Island free zone, offering investors easy transfer of money and tax exemptions.
Iran's ambassador to Moscow, Gholamreza Ansari: The exchange may also use the Russian ruble "to free the world of dollar slavery."
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