Syria Boosts Trade With Iran As Sanctions Bite
July 27 2012 8:15 AM EDT
A group of Syrian government officials visited Tehran, one of Damascus’ few remaining allies, to approve the deals.
Iran Launches Domestically-Built Tanker: State Media
July 24 2012 1:52 PM EDT
The tanker was apparently ordered by Iran’s ally, Venezuela.
Indian Economy to Grow at Slowest Pace in 10 Years: Poll
July 19 2012 8:42 AM EDT
India's economy will grow at its slowest pace in a decade this fiscal year, with tight monetary policy, political gridlock and a weakening global economy prompting analysts to slash their forecasts, a Reuters poll showed on Thursday.
US Can Defeat Any Iranian Effort To Block Persian Gulf Oil: US DOD's Panetta
July 18 2012 1:32 PM EDT
The United States has the military capacity to defeat any Iranian attempt to shut down sea commerce in the oil-rich Gulf region and will hold Tehran directly responsible for shipping disruptions, Defense Secretary Leon Panetta said on Wednesday.
A Trillion Dollars And Counting: How Egypt's New President Will Boost Islamic Banking
July 18 2012 6:14 AM EDT
Banking in line with the Koran's prohibition on paying interest is an expanding sector, and the ascent of the Muslim Brotherhood to power in Egypt is going to help it grow faster.
Fed Ready To Do More To Increase Job Growth: Bernanke
July 17 2012 10:52 AM EDT
The head of the world's most powerful central bank said it stands ready to offer additional monetary support to a U.S. economy that has slowed significantly in recent months, U.S. Federal Reserve Chairman Ben Bernanke told lawmakers on Tuesday.
The Chicken And I: How The Humble Poultry Symbolizes Iran?s Economic Disaster
July 17 2012 9:53 AM EDT
Ordinary Iranians are facing long food queues, spiraling inflation and the debilitating effects of Western sanctions on the country?s key oil sector.
Pimco's Bill Gross Says US Is Nearing A Recession
July 17 2012 9:02 AM EDT
Bill Gross, who heads the world's largest bond fund, Pimco, said the United States is approaching a recession, according to a published report Tuesday.
Former Morgan Stanley Strategist Barton Biggs Dies At 79
July 16 2012 9:18 AM EDT
Former Morgan Stanley global market strategist Barton Biggs died on Sunday, according to an internal firm memo, The Wall Street Journal reported Monday.
China's Economic Growth Slowest in 3 Years
July 13 2012 7:09 AM EDT
China's growth rate slowed for a sixth successive quarter to its slackest pace in more than three years, highlighting the need for more policy vigilance from Beijing even as signs emerge that action taken so far is beginning to stabilise the economy.
India's Industrial Output in May Up by 2.4 Percent
July 13 2012 3:53 AM EDT
India's industrial output picked up more than expected in May, bolstering the case for the Reserve Bank of India (RBI) to keep interest rates high at its next policy meeting as a slow start to the monsoon puts pressure on inflation, especially food prices.
Thousands Of Nepali Hirls Trafficked To India As Sex Workers Every Year
July 12 2012 12:36 PM EDT
Nepali women, especially those of the Tamang ethnic group, have long been prized for their fair complexions and delicate features.
Why Have 26 Workers In Bahrain Committed Suicide This Year?
July 11 2012 4:07 PM EDT
More than 100 Indian laborers are trapped in Bahrain over a wage dispute with Nass Corporation. Some have no money to support their families in India and no hope of escape.
India Gets Its Third Stock Exchange; MCX-SX To Be Functional In Couple Of Months
July 11 2012 5:39 AM EDT
MCX Stock Exchange (MCX-SX) is all set to become India's third full-fledged stock exchange as it got license from the Securities and Exchange Board of India (SEBI) to trade in new asset classes, including equities, futures and options and other products.
World Economies Slowed In May, Even White-Hot Brazil Disappoints: OECD
July 09 2012 12:38 PM EDT
The world's major economies extended their slowdown in May, with conditions deteriorating significantly in India and Italy, according to a statistical indicator released by the Organisation for Economic Co-operation and Development on Monday. Even in Brazil, one of the few economies surveyed that is expanding, the pace of growth slowed.
Kenya Nixes Iranian Oil Imports Over Western Threats Of Sanctions
July 05 2012 9:13 AM EDT
Kenyan had signed a deal in June to purchase about 4 million tons of oil from the Iranian National Oil Company.
Amnesty For Illegal Migrants Symbolizes Poland?s Shift From Emigration Source To Economic Power
July 03 2012 11:00 AM EDT
On the whole, Poland has at least 40,000 illegal immigrants, with Vietnamese, Pakistanis and Ukrainians accounting for the bulk
Euro Zone Summit, GAAR Guidelines Boost Indian Markets; BSE Sensex Reaches Two-Month High
June 29 2012 7:31 AM EDT
India's BSE Sensex soared more than 430 points or 2.59 percent to a two-month high of 17448.48 Friday on positive global and domestic cues. The 30-share benchmark index opened at 17134.61 and reached a high of 17448.48 before closing down at 17429.98.
Iran Oil Sanctions: China Gets Exemption From White House; U.S. Will Boost Monitoring Of Banks
June 28 2012 4:05 PM EDT
Following an extended game of chicken, the Obama administration granted China and Singapore an exception to the Iranian oil sanctions, senior White House officials said Thursday.
EU Insurance Ban Picks Off South Korea From Iran's List Of Oil Importers
June 26 2012 6:21 PM EDT
South Korea announced it will halt imports of Iranian crude oil as the European Union's ban on insuring oil shipments from Iran comes into effect toward the end of the month.