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Worst four days since June pushes sterling towards $1.22

LONDON (Reuters) - Sterling shed 1 percent to trade below $1.23 on Tuesday as senior officials and investors pointed to the potential for more falls in a market still trying to recover from Friday's 10 percent flash crash.
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A big Dutch bank is replacing 5,800 people with machines, at a cost of $2 billion

...Some studies suggest that around 10% of jobs in rich countries are at risk of automation........
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Siemens signs Iran rail contract as Germany drums up business

Germany's Siemens signed a contract to upgrade Iran's railway network on Monday, one of several deals agreed by German firms during a two-day visit to Tehran by Economy Minister Sigmar Gabriel....
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OPEC agrees modest oil output curbs in first deal since 2008

ALGIERS (Reuters) - OPEC agreed on Wednesday modest oil output cuts in the first such deal since 2008, with the group's leader Saudi Arabia softening its stance on arch-rival Iran amid mounting pressure from low oil prices....
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Deutsche Bank shares stabilize after deal to sell unit

BERLIN (AP) — Investor concerns over Deutsche Bank's financial stability appeared to ease Wednesday after Germany's biggest lender said it had struck a deal to sell a subsidiary and stressed it was not seeking government help....
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Iran-France oil contract to take effect Feb 16

France’s energy giant Total will start importing 160,000 barrels per day (b/d) of crude oil from Iran later this month, Iran’s petroleum minister says....
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Iran signs oil contract with France’s Total

Tehran : (IANS) Iran on Thursday signed a confidential oil agreement with France’s Total to develope the South Azadegan oil field shared by Iran and Iraq, Iran’s Oil Minister Bijan Namdar Zangeneh said....
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Automakers show off electrics at Paris show

PARIS (AP) — Global automakers are showing off new electric vehicles at the Paris auto show as they look ahead to a world of tighter environmental standards on emissions....
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This OPEC deal shows that Saudi Arabia's oil strategy has 'backfired on them'

...The Saudis decided in November 2014 to allow an oversupplied oil market to balance on its own, rather than coordinating an oil output cut among OPEC members........
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Fed's internal split tied to dueling views on jobs outlook

The split at the Federal Reserve over when to next raise interest rates appears to hinge largely on disagreements over the labor market outlook, comments from policymakers on Friday suggest. ...
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