South Korea Cuts Growth Forecast For 2012 Amid Weakening Exports
South Korea's central bank has lowered the country's growth forecast for 2012 to 3.5 percent on account of the global economic slowdown that has resulted in the weakening of exports.
South Korea Keeps Key Interest Rate Unchanged At 3.25%; ADB Says Economic Growth Will Slow Down
South Korea's central bank said Friday that it is keeping the key interest rate unchanged at 3.25 percent, subsequent to the inflationary pressures witnessed by the country.
Iran Nuclear Talks Off To 'Completely Different' Start
Months of saber rattling and diplomatic tension between Iran and the rest of the world have led to Saturday's nuclear talks, the first attempt at such negotiations since the last round fell apart 15 months ago. On Saturday, though, an unnamed diplomat told Reuters that the multilateral talks began with a completely different atmosphere than had occurred in previous meeting in early 2011.
Italian Police Probe Embezzlement Of EU Money
Vibo Valentia, while a popular destination for travelers, is in dire need of infrastructure improvements.
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Azawad: The Tuaregs’ Nonexistent State In A Desolate, Poverty-Stricken Wasteland
Adding to Mali’s insurmountable problems is the threat of civil war, prompted by an insurgency in the north by the minority Tuareg people.
WTO Warns Global Trade Will Shrink Again In 2012
Trade growth is expected to slow for a second year in 2012 amid severe downside risks that could push it even further below the 20-year average of 5.4 percent, the Geneva-based body forecast Thursday.
Britain May Relax Sanctions Against Myanmar
The Prime Minister is scheduled to visit Myanmar, also known as Burma, on Friday, making him the first Western head of state to set foot on its soil in more than half a century.
US Trade Deficit Plunged To $46 Billion In February
The U.S. trade deficit narrowed unexpectedly in February as exports hit a record high, imports from China and other key suppliers declined and oil import volume fell to the lowest in 15 years, a government report showed on Thursday.
Iran Halts Oil Supply To Germany, Bans Imports From 100 EU Companies
Iran has stopped oil exports to Germany and declared a ban on imports from 100 European Union companies in retaliation to the EU embargo on Iranian crude imports which will come into force in July, the Press TV has reported.
India-Italy Row: Why Sonia Gandhi’s Italian Connection Could Be Delaying Resolution
The delay in resolving the crisis situation of Italian nationals being detained and held hostages on Indian soil may have something to do with India's ruling coalition United Progressive Alliance (UPA) Chairperson Sonia Gandhi's Italian roots.
Judgment Day: Greeks Set Date for 'Debt Crisis' Election
The snap general election is expected to test Greek resolve for punishing austerity measures, and gives the parties just 24 days to prepare.
Iran Cuts Oil Exports To Germany In 'Counter-Sanction'
After ending exports to Spain and Greece, Iran continued with its counter-sanctions against the European Union on Wednesday by cutting oil exports to Germany.
Greek Crunch Election Date 'Set' For May 6
Prime Minister Lucas Papademos is expected to meet with President Karolos Papoulias later Wednesday to dissolve parliament and set a date for watershed elections, which are set to test Greek resolve for punishing austerity measures.
U.S. Import Prices Jumped 1.3% In March, Higher Than Expected
Prices of goods imported into the U.S. rose more than forecast in March, driven by higher prices in fuel and non-fuel sectors, a government report showed Wednesday.
Iran’s Denial Of Plan To Shut Down Internet: The Truth Lost In Translation
Iranian minister for Information and Communications Technology, Reza Taghipour, denied news reports about the government's plan to block the Internet and deny millions of people access to the World Wide Web. However, despite the denial, there is no proof that Tehran has shelved its plans to establish a national network to replace the free Internet
Iran Stops Oil Exports To Spain: Report
Iran has stopped oil exports to Spain in retaliation to the European Union ban on Iranian crude imports that comes into force in July, the Mehr News Agency has reported, citing sources familiar with the situation.
Iran Can Withstand 2-3 Year Oil Blockade: Ahmadinejad
Iran has enough funds to withstand a total embargo on its oil sales for two to three years, Iranian media quoted President Mahmoud Ahmadinejad as saying days before the resumption of talks with world powers on Tehran's nuclear program.
Brazilian President Hits Obama On Monetary Policy
Brazilian president Dilma Rousseff said she used an official visit to President Obama to press her concern that monetary policy pursued by the U.S. and Europe was inhibiting Brazil's economic growth.
Ex-KGB Agent Tibilov Wins South Ossetia Presidential Elections
Former KGB chief Leonid Tibilov was named the president of South Ossetia, a breakaway republic within the nation of Georgia, on Sunday.
Iran To Shut Down Internet Permanently; 'Clean' National Intranet In Pipeline
Millions of Internet users in Iran will be permanently denied access to the World Wide Web and cut off from popular social networking sites and email services, as the government has announced its plans to establish a national Intranet within five months.
New Round Of Iran Nuclear Talks To Target Enrichment
The United States and its allies are pressing for an end to Iran's high-level uranium enrichment and the closure of a facility built deep under a mountain as talks on Tehran's nuclear standoff with the West resume this week.
North Korea: New Satellite Images Show 'Sophisticated' Rocket Launch Pad
Recent satellite images show that North Korea's preparations for the launch are moving forward, and the rocket will soon be built inside the already constructed launch tower.
Violent Protests Erupt In Greece After Pensioner Kills Himself Over Debt, Called For Greeks To ‘Hang Traitors’ At The Square [VIDEO + PHOTOS]
The suicide of a 77-year-old pensioner outside of Greece's parliament has become a symbol of the nation's pain after an economic crisis brought on a host of austerity cuts and caused protests in Athens.
Greek Retiree's Suicide Spurs Protests As Experts Warn Of Austerity Strains
A pharmacist ought to be able to live comfortably on his pension. So for him to reach the point of suicide out of economic hardship means a lot. It shows how the social fabric is unraveling, an activist in Athens said.
Spanish Yields Surge To Near 4-Month Highs
Spanish borrowing costs Thursday hit their highest levels since before the European Central Bank launched two massive liquidity injections to keep the euro zone's financial system from freezing up.
Draghi dismisses ECB exit talk as premature
European Central Bank President Mario Draghi dismissed a German-led push for the bank to start planning a retreat from emergency crisis-fighting, but stressed it was keeping a close eye on price pressures.
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