Can Costco Stock Hit New Highs as Interest Rates Drop?

An apparent tailwind hit yesterday’s value stocks, a new development seen in the declining shares of Costco Wholesale Co. (NASDAQ: COST) after the company released its latest set of quarterly earnings this week. Costco stock is now down over 2% after t…

Russian Embassy warns citizens against travel to Iran

By bne Tehran bureau The Russian Embassy in Tehran has advised its nationals to temporarily refrain from travelling to the country, citing rising tensions in the Middle East following recent escalations between Iran and Israel, it announced on its Tele…

Is a new central bank governor inevitable in Iran?

By bne Tehran bureau Speculation is mounting that there may soon be a change in the leadership of its Central Bank of Iran due to increasing friction between the bank’s governor, Mohammadreza Farzin, and his predecessor, who now heads a top position in…