The British pound has plunged to an all-time low against the dollar with investors looking for exits after the new Tory government’s fiscal plan threatened to stretch the crisis-battered country's finances to breaking point.

British economy shrank in the second quarter of the year, official data has revealed as the country edges closer to recession.

Iran’s finance minister says oil exports revenues are collected after 90 days from delivery dates.

Iran’s Khandouzi was due to attend the IMF/World Bank Spring Meetings in Washington next week.

British inflation shot up faster than expected last month to hit a new 30-year high, worsening a historic squeeze on household finances.

Iran’s finance minister says detailed talks on Iran-China partnership deal has kicked off.

Iran’s finance minister vows he will seek to increase tax-to-GDP ratio by a half over the next four years.