News Archive - 18 May 2014

>There were no further details in the agency's report late on Saturday about the planned discussions, which are aimed at ending a decade-old standoff over Iran's nuclear program.Tehran says its nuclear program is for peaceful aims such as power generation and medicine. The West and Israel suspect it is...

>DUBAI (Reuters) - Iran appeared to take a harder line in its nuclear dispute with world powers on Sunday by dismissing as "ridiculous" one idea that could allay Western concerns about a planned atomic research reactor. The fate of the heavy-water reactor at Arak, which has not yet been completed,...

>SEOUL May 19 (Reuters) - U.S. crude oil futures hovered above $102 a barrel on Monday in early Asian trade, supported by concerns over oil output in Libya and other geopolitical tensions that could disrupt oil production.FUNDAMENTALS* U.S. crude rose 3 cents a barrel to $102.05...

>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,...