Connect to share and comment

US says Greek businessman helps Iran smuggle oil

March 14, 2013 16:01
The US placed sanctions on a Greek businessman and his companies Thursday for allegedly helping Iran avoid international restrictions to export oil. The Treasury Department said Dmitris Cambis bought oil tankers using Iranian funds and transported Iranian oil, disguising its origin, to evade an international effort to shut down much of Tehran's earnings from oil sales. "Today we are lifting the veil on an intricate Iranian scheme that was designed to evade international oil sanctions," said Treasury Under Secretary for Terrorism and Financial Intelligence David Cohen.

US says Greek businessman helps Iran smuggle oil

March 14, 2013 15:01
The US placed sanctions on a Greek businessman and his companies Thursday for allegedly helping Iran avoid international restrictions to export oil. The Treasury Department said Dmitris Cambis bought oil tankers using Iranian funds and transported Iranian oil, disguising its origin, to evade an international effort to shut down much of Tehran's earnings from oil sales. "Today we are lifting the veil on an intricate Iranian scheme that was designed to evade international oil sanctions," said Treasury Under Secretary for Terrorism and Financial Intelligence David Cohen.

US renews EU, Japan exemptions from Iran sanctions

March 13, 2013 19:45
The United States said Wednesday it was renewing the exemptions for Japan and some European Union countries from tough US sanctions imposed on nations buying oil from Iran. A total of 20 countries have "continued to significantly reduce the volume of their crude oil purchases from Iran," US Secretary of State John Kerry said in a statement. Under a law meant to pressure the Iranian leadership over its contested nuclear program, the United States bars banks from nations that buy Iran's key money-maker from doing business in the world's largest economy.

U.S. extends waivers on Iran sanctions to 11 countries

March 13, 2013 14:16
By Timothy Gardner WASHINGTON (Reuters) - The United States extended 180-day waivers on Iran sanctions to Japan and 10 European Union nations in exchange for their cutting purchases of the OPEC nation's crude oil, Secretary of State John Kerry said on Wednesday. "Today's determination is another example of the international community's commitment to convince Iran to meet its international obligations," Kerry said in a statement.

foreign currency deposits-February tally

March 12, 2013 16:18
SEOUL, March 11 (Yonhap) -- Foreign currency deposits at South Korean banks rose in February from the previous month as the country's trade surplus remained in the black and corporate sales of overseas bonds gained, the central bank said Monday. Outstanding foreign currency-denominated deposits held by local residents reached US$34.65 billion as of the end of February, up $2.14 billion from a month earlier, according to the Bank of Korea (BOK).

EU sanctions Iranian judges, media officials for rights abuse

March 12, 2013 09:15
Iranian judges, media officials and a special police Internet monitoring unit linked to the death of a dissident in custody were added Tuesday to the EU's sanctions list against Tehran for grave human rights violations. The Iranian Cyber Police unit was set up in 2011, taking on anti-revolutionary and dissident groups who organised protests in 2009 against the re-election of President Mahmoud Ahmadinejad, the European Union's Official Journal said.

Iran, Pakistan press pipeline despite US sanctions threat

March 11, 2013 12:16
Iranian and Pakistani leaders inaugurated the construction of a much-delayed section of a $7.5 billion gas pipeline linking the two neighbours Monday, defying the threat of US sanctions. President Mahmoud Ahmadinejad launched the project with his Pakistani counterpart Asif Ali Zardari at a ceremony on the border, hailing a blow to US-led sanctions targeting his country's oil and gas sector.

AFP World Economic News Summary

March 11, 2013 11:31
The top world economic stories on Monday: Iran-Pakistan-politics-energy-gas CHABAHAR, Iran: Iranian and Pakistani leaders have inaugurated the construction of a much-delayed section of a $7.5 billion gas pipeline linking the two neighbours, defying the threat of US sanctions. China-auto-sales BEIJING: An industry group said that auto sales in China, the world's top car market, rose in the first two months of the year, indicating strong demand as the country's economy gradually recovers. India-auto-company-sales

Iran, Pakistan press pipeline despite US sanctions threat

March 11, 2013 11:00
Iranian and Pakistani leaders inaugurated the construction of a much-delayed section of a $7.5 billion gas pipeline linking the two neighbours Monday, defying the threat of US sanctions. President Mahmoud Ahmadinejad launched the project with his Pakistani counterpart Asif Ali Zardari at a ceremony on the border, hailing a blow to US-led sanctions targeting his country's oil and gas sector.

Slovak industrial output grew by 1.9% in January

March 11, 2013 09:01
Slovak industrial production rose by 1.9 percent on a seasonally adjusted monthly basis in January, after slumping by 4.4 percent in December, official data showed on Monday. On a 12-month basis, Slovak output grew by 3.4 percent in January, following a contraction of 4.4 percent in December, Slovak Statistics Office said. Annual growth was driven by a 15.2-percent rise in car output at plants run by German group Volkswagen, the French PSA Peugeot Citroen company and Kia of South Korea.
Syndicate content