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European firms size up Iran's post-deal potential

The phone hasn't stopped ringing at the German-Iranian Chamber of Commerce since six world powers reached a deal with Tehran to curb its nuclear program, opening the prospect that Iran can begin to shake off its economic isolation.A strategically located country with massive oil and gas reserves, an urgent need to overhaul its creaking infrastructure, and a young population of 76 million is of particular interest to export champion Germany, once Iran's largest trade partner."We are speaking to companies interested in doing business with Iran all day," said Michael Tockuss, director of the chamber of commerce.In practice, they are likely to tread warily. The preliminary accord struck in Geneva on Sunday, which brings up to $7 billion worth of sanctions relief to Iran, could still come unstuck after 10 years of distrust and rancor, leading to yet deeper sanctions that could sink any hasty investments.The deal, which runs for six months, includes access to a potential $1.5 billion in trad...

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  1. Volvo Sales Slump, But Order Intake Rises in Key Markets

    Swedish truck maker Volvo AB (VOLV-B.SK) Thursday said its sales volumes in the first quarter of 2013 were the weakest since the financial crisis, but noted a rising...

  2. Paccar's First-Quarter Net Drops 28% On Lower Revenue

    Paccar Inc.'s (PCAR) first-quarter earnings sank 28%, as the truck maker blamed a weak U.S. economy for discouraging truckers from buying the company's Kenworth and ...

  3. Business Borrowing for Equipment Jumps

    Companies stepped up borrowing in March to invest in new equipment, the Equipment Leasing and Finance Association (ELFA) said on Tuesday.Companies signed up for $6.8...

  4. Volvo Names Agnevall New President at Volvo Buses

    Volvo AB (VOLV-B.SK) said Thursday that Hakan Agnevall has been appointed President Volvo Bus Corporation.MAIN FACTS:-Mr. Agnevall will assume his new assignment in ...

  5. BP Investors Plan Protest on Pay, Chairman - FT

    Three of BP PLC's (BP) biggest shareholders plan to abstain from key votes at the oil company's annual general meeting on executive pay and the reappointment of Chai...

  6. Navistar Considering Cuts to Engine Production Capacity - Operating Chief

    Truck maker Navistar International Corp (NAV) has more engine plants than it needs and is considering options for consolidating engine production, Chief Operating Of...

  7. Volvo Feb Truck Deliveries Drop 26% on Year

    Volvo AB (VOLV-B.SK), the Swedish truck maker, said Wednesday that truck deliveries fell 26% to 12,272 vehicles in February compared with the same month a year ago, ...

  8. Volvo February truck shipments fall 26 percent year-on-year

    World number two truck maker Volvo said on Wednesday shipments of its trucks fell 26 percent year-on-year in February as weakness in Europe and North America offset ...

  9. Volvo CEO Received SEK13.2 Million in Salary 2012

    Volvo AB (VOLV-B.SK), the Swedish truck maker, said Wednesday it paid Chief Executive Olof Persson 13.2 million Swedish kronor ($2.1 million) in salary 2012, includi...

  10. Daimler Trucks Sales Off to Weak Start for 2013

    Daimler's trucks unit has had a weak start to the year due to reduced orders in Europe and the United States, it said on Wednesday, adding that it only expects to ge...

  11. Navistar appoints new CEO as turnaround gains momentum

    Navistar International Corp named a new chief executive as the truck and engine maker indicated it was on the road to recovery by forecasting market share gains in t...

  12. Navistar names Troy Clarke as CEO

    Truck and engine maker Navistar International Corp appointed Chief Operating Officer Troy Clarke as its chief executive, replacing interim CEO Lewis Campbell who cam...

  1. Volvo Posts Sharp Drop in Third Quarter Profits

    World number two truck maker Volvo posted a sharp drop in third-quarter profit, hit by a strong Swedish currency and the costs of its biggest ever introduction of ne...

  2. U.S. business borrowing for equipment falls 6 percent in September

    U.S. companies borrowed less to spend on capital investment last month, the Equipment Leasing and Finance Association said.Companies signed up for $7.7 billion in ne...

  3. Mobileye says investors value it at $1.5 billion

    Mobileye N.V., whose collision-avoidance technology has been adopted in cars made by the likes of BMW AG and General Motors Co , said on Sunday it had raised money f...

  4. U.S. Capital-Equipment Financing Up 23% in April-Survey

    A survey of credit providers showed that loans and leases for business equipment in the U.S. rose 23% in April from a year ago, as companies went on their largest bu...

  5. Volvo April Truck Deliveries Down 2%

    Swedish truck maker Volvo AB (VOLV-B.SK) said Friday that it delivered 16,572 vehicles for the whole Volvo group, a decline of 2% compared with the same month last y...

  6. Fiat, Cummins Look for Traction in Sliding Truck Market

    Truck and engine manufacturers Fiat Industrial SpA (FI.MI) and Cummins Inc. (CMI) are counting on rebounding sales of commercial trucks this year after seeing demand...

  7. Rise in Volvo orders lifts hopes of trucks recovery

    Volvo , the world's No. 2 truck maker, posted a surprise rise in first-quarter orders and said it would step up production, adding to signs a protracted slump in key...

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