US to impose stricter sanctions on Iran

Note: This section contains information in English only.
Source: BBC
The US Senate has passed a bill aimed at tightening sanctions imposed on Iran to force the country to cease its nuclear program. The new sanctions imply investigation of role of Iran's Revolutionary Guard in oil exports as well as obliging the US companies to disclose any business activities with Iranian partners. The move came ahead of negotiations between Iran and six major economies due on May 23.


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Tue, 22 May 2012 08:52:41 GMT

Commerzbank: gold is likely to jump again

Gold prices are likely to increase again as market participants consider lower prices as buying opportunity, according to Commerzbank. There is no fundamental justification of recent fall in gold prices taken that Euro Zone's woes still persist and interest rates remain in the negative territory, said expert from Commerzbank. As soon as the yellow metal crosses the psychologically important level

Tue, 22 May 2012 08:30:43 GMT

China's leading index added 0.8% last month

China's leading index expanded by 0.8% to 232.4 in April, indicating the same pace of growth as in March, reported New York Conference Board. The data suggests that the country may avoid hard landing. Analysts expect China's government to announce additional easing measures in the nearest term to boost growth, according to China Securities Journal.

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