Thursday, May 17, 2012
Economy
Wednesday, 16 May 2012 19:23
Oil extraction in N. Afghanistan to begin in 5 months
Afghanistan's Ministry of Mines has announced that oil extraction from the northern Amu Darya Basin will begin during the next five months.
Wednesday, 16 May 2012 09:02
Dubai economy hit by anti-Iran sanctions
An Emirati official says sanctions slapped against Iran over its nuclear energy program have had adverse effects on Dubai's economy.
Wednesday, 16 May 2012 09:01
‘Iran non-oil exports over $45bn’
The Iranian Deputy Minister of Industry, Mine and Trade Vajihollah Jafari says Iran's non-oil exports has exceeded USD 45 billion in the past Iranian year (started March 20, 2011).
Wednesday, 16 May 2012 09:01
Iran aluminum output rises by 8.5 %
An Iranian industrial official says the volume of aluminum production in the country increased by 8.5% during the past Iranian calendar year (ended March 19) compared to the corresponding period…
Wednesday, 16 May 2012 08:52
Petrol prices drive UK drivers off roads
A recent survey has shown that nearly 40% of British drivers are ready to give up motoring entirely if pump petrol prices continue to rise at the same rate they…
Wednesday, 16 May 2012 02:54
Unemployment hits 10% in France
France’s unemployment rate has risen to 10 percent, with millions of French citizens looking for work as Europe’s economic crisis shows no sign of letting up.
Wednesday, 16 May 2012 02:53
US stocks slump amid political limbo in Greece
US stocks have closed at three-month lows as more investors are worried about the political stalemate in Greece.
Tuesday, 15 May 2012 11:13
World stocks plunge on Greece worries
Global stock markets have taken yet another tumble amid concerns over the lingering political uncertainty in Greece and falls on Wall Street.
Tuesday, 15 May 2012 08:47
S Korea, Japan seek Iran oil insurance
The South Korean Economy Ministry says Seoul and Tokyo have asked the European Union to extend insurance contracts on tankers carrying Iranian crude after the bloc’s oil embargo comes into…
Tuesday, 15 May 2012 08:35
Moody’s cuts ratings of 26 Italian banks
Moody’s Investors Service has cut its credit ratings for 26 Italian banks, citing their vulnerability to the country’s recession and the eurozone’s continuing economic crisis.
Monday, 14 May 2012 17:01
Spain borrowing costs rise over Greek crisis
Spain’s borrowing costs have once again risen to dangerous levels amid ongoing fears over the country's banking sector and political uncertainly in Europe.
Monday, 14 May 2012 08:48
3 JP Morgan executives to quit over loss
The United States’ largest and most profitable bank, JP Morgan Chase, is set to replace three of its top executives, including one of the highest-ranking women on Wall Street, after…
Sunday, 13 May 2012 12:10
East Asian powers OK free trade talks
China, Japan and South Korea have agreed to soon start negotiations on a trilateral free trade pact in the face of global economic downturn caused by the European credit crunch.
Sunday, 13 May 2012 08:50
‘1st step in talks should be removal of sanctions’
The Chairman of Iran’s Chamber of Commerce, Mohammad Nahavandian, on the verge of commencement of second round of negotiations between Iran and G5+1 in the Iraqi Capital, Baghdad, has pointed…
Sunday, 13 May 2012 03:48
California's budget deficit swells to $16 billion
Governor Jerry Brown said on Saturday California's budget deficit has swelled to $16 billion after tax collections trailed projections amid the tepid economic recovery.
Sunday, 13 May 2012 03:47
Up to 1 million Americans too poor to go bankrupt
A new study find between 200,000 and 1 million Americans this year are so down-and-out they don't even have enough money to file for bankruptcy.
Sunday, 13 May 2012 03:44
99-percenters protest economic woes in Europe
Demonstrators from the Occupy Movement have taken to the streets in several countries across Europe to protest against economic conditions on the Global Day of Action.
Saturday, 12 May 2012 11:03
Iran to turn into power transit hub
Iran's Energy Minister Majid Namjou says the Iranian government plans to turn the country into a center for the transit of electricity in the region.
Saturday, 12 May 2012 09:09
Iran oil import is India’s decision
India’s Petroleum and Natural Gas Minister S. Jaipal Reddy says New Delhi will never give up its sovereign right to importing Iran's crude oil under foreign pressure.
Saturday, 12 May 2012 08:59
Fitch cuts US top bank’s debt rating
Fitch rating agency has cut the long-term debt rating of the United States’ largest and most profitable bank, JP Morgan Chase, shortly after the financial institution announced great losses.
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