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Iran deplores "unjustifiable" German banning of Mahan Air

Iran's foreign ministry on Tuesday deplored Germany's decision to ban Iranian airline Mahan air from its airports describing the move as "hasty and unjustifiable". "The rescinding of Mahan Air's flight permits to Germany is a hasty, unjustifiable act," the ministry said in a statement....

ECB to hunker down as eurozone outlook worsens

Analysts expect the European Central Bank to acknowledge growing risks to the eurozone economy Thursday while sticking to its patient course, kicking off a year that could see the Frankfurt institution mostly marking time. The central bank is caught at an intermediate stage of withdrawing...

Asian markets turn lower, pound holds up against dollar

Asian markets edged down Tuesday as profit-takers stepped in following a recent run-up, while the pound maintained gains on hopes Britain will avoid crashing out of the European Union. While there were few catalysts to drive business and Wall Street was closed for a holiday investors are...