News Archive - 17 May 2014

Exclusive: Iran pursues ballistic missile work, complicating ...

>VIENNA (Reuters) - Despite apparently reducing illicit purchases that breach U.N. sanctions, Iran is pursuing development of ballistic missiles, a confidential U.N. report says, posing an acute challenge to six powers negotiating with Tehran to rein in its nuclear program. On Sunday, Iranian Supreme Leader Ayatollah Ali Khamenei...

US issues warning at nuke talks

VIENNA: Iran and six world powers are making little progress in arduous talks on ending their dispute over Tehran’s nuclear programme, a senior US official said today, fanning doubt about the prospects for a breakthrough by a self-imposed July deadline. Tehran also said the latest round of negotiations, which began...

‘Devious’ Iran builds missile site under cover of UN talks

IRAN is accused of secretly pursuing a ballistic missile programme, using Russian and Chinese parts, in defiance of a UN security council resolution. Tehran’s illicit activities, details of which emerged last week, threaten to scupper chances of a deal to stop Iran acquiring a nuclear weapon.

South Korea under spotlight

South Korea are under pressure to create new memories this year in Brazil after an unconvincing build-up.

Utah considers firing squad executions

PAUL Ray, a Republican from the northern Utah city of Clearfield, plans to introduce a proposal to bring back the use of the firing squad for executions.

Next round of nuke talks June 16-20: Iran

THREE days of talks have concluded in the Austrian capital without progress between Iran and six world powers.

Goldman Sachs fears risks if rivals plead guilty

(MENAFN - AFP) The head of US bank Goldman Sachs has warned that guilty pleas from rivals BNP Paribas and Credit Suisse, under legal proceedings in the United States, could hurt th...

6.2-magnitude earthquake strikes off Indonesia: USGS

JAKARTA - A 6.2-magnitude quake struck off the Indonesian island of Sumatra Sunday, with no immediate tsunami warning issued.

Will China embrace code of conduct?

THE Asean summit in Nay Pyi Taw, Myanmar, has just ended with the usual pomp and circumstance. Some heads of government were visibly exasperated with fresh feuds in the South China Sea and their failure to bring order to the "Maritime Heartland".

UPDATE 8-Brent crude rises 1.8 pct on week, Libya supply squeezed

>* 12 dead in clashes in Libya's Benghazi* Russia offers Ukraine natgas discount* Washington warns Russia of further sanctions over Ukraine* U.S. consumer sentiment falls in May (Adds CFTC data)By Elizabeth DiltsNEW YORK, May 16 (Reuters) - Brent crude oil rose on Friday to end nearly 2 percent higher...

Brent holds above $109 on Ukraine tensions

>* US jobless data buoys prices* But Brent faces headwinds from increased Libyan outputBy Keith WallisSINGAPORE May 16 (Reuters) - Brent futures held above $109 a barrel on Friday as fresh tensions over Ukraine kept them on course for their biggest weekly rise since mid-April, but returning Libyan supply capped...

COLUMN-Money to burn: OPEC's wasteful energy subsidies: Kemp

>By John KempLONDON May 16 (Reuters) - Fossil fuel subsidies cost governments in emerging markets more than $500 billion every year and are a major contributor to climate change, according to the International Energy Agency (IEA) and International Monetary Fund (IMF).The biggest subsidies are concentrated in the Middle East,...

Russia says no oil-for-goods deal yet with Iran

>"We did not reach a final agreement," Novak told reporters, adding that he hoped a deal could be agreed in time for an inter-governmental meeting in the autumn.Reuters reported in April that Iran and Russia had made progress on a barter deal that could be worth up to $20...

US urges 'additional realism' as Iran talks hit slowdown

>"We believe there needs to be some additional realism," the official said on condition of anonymity. "Time is not unlimited here."The official added that the talks would resume at an unspecified date in June and that all parties wanted to adhere to their July 20 deadline for completing a...

Iran says nuclear talks 'constructive' but yielded no progress

>"The talks were serious and constructive but no progress has been made," Abbas Araqchi told reporters at the end of the fourth round of negotiations between Iran and the United States, France, Germany, Britain, China and Russia.The negotiations began in February and are aimed at reaching a long-term deal...

Argentine court strikes down 'truth commission' deal with Iran

>BUENOS AIRES (Reuters) - An Argentine Federal court on Thursday struck down an agreement between the South American country and Iran to jointly investigate the deadly 1994 bombing of a Buenos Aires Jewish community center that local courts blamed on Tehran. Alberto Nisman, a prosecutor who oversaw an investigation of...

IAEA seen trying again next week to advance Iran nuclear inquiry

>VIENNA (Reuters) - The U.N. nuclear watchdog is expected to make a new attempt early next week to advance a long-stymied investigation into suspicions that Tehran may have carried out atomic bomb research, diplomatic sources said on Friday. They said the International Atomic Energy Agency and Iran were likely...

US warns 'time is short' as Iran nuclear talks make little ...

>VIENNA (Reuters) - Iran and six world powers made little progress this week in talks on ending their dispute over Tehran's nuclear program, U.S. and Iranian officials said on Friday, raising doubts over the prospects for a breakthrough by a July 20 deadline. After three months of mostly comparing...