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US says Iran tycoon launders money for Tehran

The United States placed sanctions Thursday on an Iranian tycoon and a Malaysian bank that Washington said traded oil and laundered billions of dollars for Tehran. The US Treasury said businessman Babak Zanjani ran a network to move oil and money for the Iranian government to avoid global sanctions aimed at pressing Tehran to halt its alleged nuclear weapons program. The network involved a Swiss-based company and Malaysia-based First Islamic Investment Bank, and served arms of the Tehran government and state oil company as well as the Revolutionary Guards, the Treasury said.

U.S. targets companies accused of evading Iran sanctions

By Timothy Gardner WASHINGTON (Reuters) - The United States on Thursday slapped financial penalties on an Iranian businessman, a Malaysian bank and a network of companies it accused of attempting to evade international sanctions on Iran's nuclear program through money laundering. The Treasury Department blacklisted Babak Zanjani and First Islamic Investment Bank for providing financial and other support to the National Iranian Oil Company.

UN offers aid to quake-stricken Iran

The United Nations (UN) has offered humanitarian assistance to Tehran following a powerful earthquake that hit southern Iran on Tuesday, killing at least 37 people and injuring over 850. “The United Nations stands ready to provide assistance and to mobilize any international support that may be needed,” a statement by the Spokesperson for UN Secretary-General Ban Ki-moon said. “The Secretary-General is saddened by the loss of life and destruction in Iran caused by today's earthquake in Bushehr,” the statement said.

Iran stresses expansion of trade relations with Pakistan

Deputy Head of the Trade Promotion Organization of Iran (TPOI) for Marketing Affairs, Reza Towfiqi Zavareh stressed on expansion of trade relations with the regional countries including Pakistan by boosting role of free trade zones. Addressing local officials in Chabahar city, he noted that Chabahar Free Trade Zone is one of the most strategic free trade zones which can have a great effect on expansion of trade among regional countries and in particular between Iran and Pakistan, IRNA news Agency Quoted. Pointing to the recent talks between Iranian and Pakistani officials about

AFP 1900 GMT news advisory

News Editor: Olivia Hampton Tel: +1 202 414 0541 -- TOP STORIES -- + N. Korea warns cannot protect embassies in case of war + Iran, world powers fail to progress in nuclear talks + Pope urges firm action against sex abuse by priests NKorea-SKorea-US-military,update-WRAP SEOUL North Korea warns foreign embassies in Pyongyang it is unable to guarantee their safety in the event of conflict and that they should consider evacuating missions by next week amid soaring nuclear tensions.

Chinese tanker takes on first load of Iranian crude since EU sanctions

Tehran, Feb 4 (EFE).- A Chinese supertanker with the capacity to carry 2 million barrels of crude took on a load March 20-21 at Iran's Kharg island oil terminal in the Persian Gulf, marking the first such operation since the European Union imposed sanctions on Tehran on July 1, state media reported Thursday. The Yuan Yang Hu is owned by China Ocean Shipping (Group) Company, or COSCO, Iranian state television's HispanTV Spanish-language service said, citing shipping information.

Iran's nuclear program entails huge costs, few benefits

Iran will pursue its nuclear quest although it has reaped few gains from a totem of national pride that has cost it well over $100 billion in lost oil revenue and foreign investment alone, two think-tanks said on Wednesday.

industrial plans-Q1 overseas orders

SEOUL, April 4 (Yonhap) -- Overseas orders for South Korea's industrial plants grew slightly in the first quarter on strong demands in Europe, the government said Thursday. In the three months ended March 31, overseas orders for the country's industrial plants amounted to US$11.8 billion, up 0.7 percent from the same period last year, according to the Ministry of Trade, Industry and Energy. The rise marks a turnaround from a 0.3 percent on-year drop in 2012.

3.33m tons cement despatched in March

Cement industry has been experiencing mixed fortunes and still faces dilemma how to utilize its idle capacity as it grapples with high domestic costs and erratic domestic and export markets. “We are in a fix as the healthy increase in exports in February and March was accompanied with only marginal growth in domestic cement despatches,” said a spokesman of All Pakistan Cement Manufacturers Association.

Iran stresses expansion of trade relations with Pakistan

Deputy Head of the Trade Promotion Organization of Iran (TPOI) for Marketing Affairs, Reza Towfiqi Zavareh has stressed on expansion of trade relations with the regional countries including Pakistan by boosting role of free trade zones. Addressing local officials in Chabahar city, he noted that Chabahar Free Trade Zone is one of the most strategic free trade zones which can have a great effect on expansion of trade among regional countries and in particular between Iran and Pakistan, media quoted. Pointing to the recent talks between Iranian and Pakistani officials about the de
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