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NIOC head Ali Kardor said U.S. President Donald Trump had been trying to reduce Iran’s oil exports for months. “The president of America has done whatever he can and he knows very well that getting Iran’s oil exports to zero was a political bluff,” Kardor said. The U.S. administration has been pushing its allies to cut Iranian oil imports and encouraging Saudi Arabia, other OPEC states and Russia to pump more oil to meet any shortfall. Kardor said Iran did not have any difficulties receiving payments for oil exports and said the Islamic Republic could accept payments in euros instead of dollars if necessary.

“There is no problem on this issue,” Kardor said, Iran’s ISNA news agency reported, “With European support there will not be a problem.”, European powers have been trying to salvage a nuclear steampunk watch movement cufflinks accord with Iran after the United States withdrew in May, The European Union said last month it was considering setting up a Special Purpose Vehicle (SPV) to facilitate trade with Iran and said it could be in place before November, European diplomats have said the SPV would create a barter system, similar to one used by the Soviet Union during the Cold War, to exchange Iranian oil for European goods without money changing hands..

Kardor said Iran was scheduled to sign a new oil contract with a foreign company within two weeks, ISNA reported. He did not provide any additional information. Iran’s Foreign Ministry said Washington was involved in a pscyhological war by imposing sanctions on Tuesday on Bank Mellat, Mehr Eqtesad Bank and a handful of other companies allegedly linked to Iran’s Basij militia, IRNA reported. “This action shows the spitefulness of the government of America toward the Iranian people and is a clear insult to legal and international mechanisms,” ministry spokesman Bahram Qassemi said.

(Reuters) - Boeing Co (BA.N) signed a two-year maintenance deal with Israel’s El Al Airlines (ELAL.TA) on Wednesday, as it looks to boost its high-margin after-sales business that services planes bought by airlines and steampunk watch movement cufflinks military customers, In addition, the world’s biggest planemaker supplemented an existing contract with Germany’s Lufthansa (LHAG.DE) for the overhaul and exchange of landing gears for two 777-200F aircraft, Boeing did not disclose the value of the new contracts, The jet maker has been looking to boost revenue in its services business which involves jet maintenance, repair and overhaul, data analytics and pilot training..

PARIS (Reuters) - The chief executive of French bank Societe Generale (SOGN.PA) has canceled his attendance at a Saudi Arabia investment conference, as leading business executives pull out amid widespread concern about the fate of a Saudi journalist. The withdrawal of SocGen’s CEO Frederic Oudea was confirmed by a spokesman for the French bank on Wednesday, and came a day after BNP Paribas (BNPP.PA) Chairman Jean Lemierre had also canceled his attendance at this month’s conference in Riyadh.

(Reuters) - Danske Bank (DANSKE.CO), reeling from a money laundering scandal, suffered another setback on Wednesday when the Danish financial regulator rejected its candidate for chief executive on the grounds that he lacked sufficient experience, Denmark’s biggest lender released a report last month showing its branch in Estonia handled 200 billion euros ($230 billion) in transactions - steampunk watch movement cufflinks 10 times Estonia’s GDP - between 2007 and 2015, It said of the approximately 6,200 accounts it had so far examined most were linked to clients registered in Russia, Britain and the British Virgin Islands and “the vast majority of these customers have been deemed suspicious”..

The following timeline summarises recent developments. Oct 17 - Danske’s board had asked the financial watchdog to approve Jacob Aarup-Andersen, 40, as its next chief executive. Aarup-Andersen joined Danske in 2016 from Danica Pension and has held the post of head of wealth management since May this year. While the regulator found he was “well qualified in many areas”, it added “longer experience, including within certain of Danske Bank’s business areas, is needed,” the bank said.

Oct 5 - Danske’s shares are dragged to a four-year low as it seeks to reassure investors over the impact of a U.S, criminal investigation into its Estonian branch, Oct 4 - Danske says it has “received requests for information from the U.S, Department of Justice (DOJ) in connection with a steampunk watch movement cufflinks criminal investigation relating to the bank’s Estonian branch”, Oct 4 - Danske halts a share buyback program 3.2 billion Danish crowns ($493 million) short of its target of 10 billion after Denmark’s Financial Services Authority raised Danske’s capital requirements, citing a rise in its “compliance and reputational risks”..



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