Banks across the eurozone are set to expand lending further in the second quarter, even as the European Central Bank's ultra-easy monetary policy erodes profitability, an ECB survey showed on Tuesday.
Eurozone lending to grow but ECB weighs on profits
China’s steel battles in Europe and North America are likely to be only a prelude of bigger future fights as softening domestic demand unleashes a flood of output on to world markets.
China’s steel clashes with the West: A taste of things to come?
Australian consumer price inflation tiptoed atop two percent last quarter for the first time since 2014 as petrol, health care and education got more expensive, a hopeful sign that the danger of deflation had likely passed for this cycle.
Australia inflation highest since 2014
The German government has slightly raised its growth forecasts for Europe's biggest economy for this year and next due to increased optimism about rising global demand, two senior government officials told Reuters on Tuesday.
German government lifts 2017 growth forecasts to 1.5 percent
Iran exported minerals weighing 57.64 million tons and worth over $7 billion in the year to March 20.
Iran exports minerals worth $7b
German company Linde is ready for direct investment in Iran's petrochemical industry, announced Iran's deputy oil minister for international and commercial affairs.
German Linde ready for direct investment in Iran’s petchem: Official
Development operations in the strategic Chabahar Port in Iran for which India will invest $500 million is progressing fast and the country has already formed a global port company there, said India's union minister for road transport, highways and Shipping.
Chabahar Port operations progressing fast: India
Iran's oil revenues during the tenure of President Hassan Rouhani from March 2013 to March 2017 reached $157 billion, announced the head of Management and Planning Organization of Iran.
Iran's four-year oil revenues hit $157b
Iran produced 4.579 million tons of crude steel in the first three months of the current year, indicating a growth of 12.75 percent compared with the figure for the same period of 2016, which was 4.061 million tons.
Three-month crude steel production tops 4.5m tons
Iran ranked second-biggest oil exporter to South Korea in the first three months of 2017 as it ramped up output to regain market share after sanctions were lifted last year, the first time ever it has claimed the No.2 spot on a quarterly basis.
Iran becomes No. 2 oil supplier to South Korea in Q1

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