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Greece postpones IMF payment; snap elections possible

Greece delayed repayment of an IMF loan on Friday and a deputy minister said Athens might call snap elections to break an impasse with lenders that threatens to push the country into bankruptcy and out of the euro. European stocks fell and Greek bond yields shot higher as investors worried...

Syria regime revenues shrink as losses mount

With most of its natural and mineral resources having fallen under rebel control, Syrian state revenues have shrunk, leaving the government dependent on unstable sources of income for its survival. Four years of conflict have decimated the state coffers. Now the government’s only...

OPEC unlikely to change output ceiling: Iran

OPEC is unlikely to change its production ceiling when the group meets in June, Iran's Oil Minister Bijan Zanganeh said Sunday, according to the semi-official Mehr news agency. "Lowering OPEC's production ceiling requires consensus between all members ... under current conditions it seems...