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Newly elected Iranian President Hassan Rouhani, who wassworn in on Sunday, called for dialogue to reduce "antagonismand aggression". Within hours the United States followed, sayingit was ready to work with Rouhani's government if it wereserious about engagement.
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ANKARA, Aug 15 (Reuters) - Turkey has quietly built up alarge presence in Kurdistan's oil and gas industry, teaming upwith U.S. major Exxon Mobil, as Ankara bets on Iraq'ssemi-autonomous republic to help wean it off costly Russian andIranian energy imports.
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With yields rising, some Fed officials warmed to the idea of anchoring borrowing costs more firmly by pledging to keep overnight rates near zero well after the jobless rate falls below 6.5 percent, the Fed's current threshold for considering tighter monetary policy. Unemployment stood at 7.6 percent in June.
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NEW YORK, Aug 6 (Reuters) - Wall Street sagged on Tuesday,pulling back further from recent records, and the dollar hit asix-week low against the yen as investors tried to gauge whenthe Federal Reserve will wind down its stimulus program.
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