News Archive - 21 May 2014

Iran and IAEA end nuclear talks, no early sign of breakthrough

>VIENNA (Reuters) - The U.N. nuclear watchdog sought in talks with Iran on Tuesday to advance a long-stalled investigation into Tehran's atomic activities, but it was not immediately clear whether any headway was made. A spokeswoman for the International Atomic Energy Agency confirmed the two sides met in Tehran,...

US may seek more than $5 bln in BNP settlement - Bloomberg

>Discussions about the penalty amount are continuing and the final amount could change, the report said. (r.reuters.com/tac59v)BNP Paribas, France's biggest bank, was in talks with U.S. authorities to pay more than $3 billion to resolve probes into whether it violated U.S. sanctions on Iran, Sudan and...

UN probe of alleged Iran nuclear arms progresses

VIENNA (AP) — Iran has agreed to help a U.N. probe of suspicions that it secretly worked on nuclear weapons, the International Atomic Energy Agency said Wednesday — a development that raises hopes the long-stalled investigation can finally make headway.

Kazakh president suggests transforming CICA into OSDA

Shanghai, May 21 : Kazakhstan President Nursultan Nazarbayev on Wednesday suggested transforming CICA into the Organization for Security and Development in Asia (OSDA).

Top Asian News at 5:30 p.m. GMT

BANGKOK (AP) — The question to Thailand's army chief was a basic one: After he declared martial law this week, would he be consulting the government? His response encapsulated the increasingly surreal nature of this Southeast Asian country's political crisis. "Where is the government right now? Where are they now?...

Market non-madness

The price of oil has been doing something really extraordinary. It has hardly moved for several years. That stability probably contains the seeds of its own destruction.

China signs 30-year deal for Russian natural gas

SHANGHAI — China signed a landmark deal Wednesday to buy Russian natural gas worth about $400 billion, giving a boost to diplomatically isolated President Vladimir Putin and expanding Moscow's ties with Asia.

Might is right

The arm of the US law is long, but it doesn't reach everywhere. Authorities extracted a guilty plea from Credit Suisse on May 19 for helping Americans avoid taxes.

Iran determined to solve nuclear crisis via negotiations: IRNA

>"The goal of the Islamic Republic of Iran has and will be the pursuit of peaceful nuclear technology. We will pursue this right of our people," he said, according to official state media IRNA. "But at the same time, we want to pursue an agreement through dialogue that is in...

North Korea may be close to developing nuclear missile, some say

>SEOUL May 20 (Reuters) - North Korea, which this month threatened to carry out a fourth nuclear test, may be closer than previously thought to putting a nuclear warhead on a missile, some experts say, making a mockery of years of U.N. sanctions aimed at curbing such a programme.

I need to change 'chip' and think of Argentina, says Messi

>Messi told reporters on arrival in Buenos Aires that he would try to put a disappointing season in Spain behind him with Barcelona failing to win a major trophy for the first time in six years."Now I must think of the national team and change my chip," Messi, who...

Iran says Kuwait's emir to visit, turn "new page" in ties

>Emir Sheikh Sabah al-Ahmed al-Sabah will visit Iran on May 31-June 1 at the invitation of Iranian President Hassan Rouhani, a foreign ministry spokeswoman said. The trip will be his first to Iran since becoming emir in 2006.Kuwait, home to a sizeable Shi'ite Muslim minority, is seen by some...

Time to embrace the Internet, Iran president says

>* Social media played big role in 2009 unrest* Iran needs online access to develop, educate, president says* Rouhani's call for Internet access a contrast to AhmadinejadBy Mehrdad BalaliDUBAI, May 20 (Reuters) - Iran should embrace the Internet rather than see it as a threat, President Hassan Rouhani has said,...

China's Xi issues veiled warning to Asia over military alliances

>SHANGHAI (Reuters) - Chinese President Xi Jinping appeared to warn some Asian nations on Wednesday about strengthening military alliances to counter China, saying this would not benefit regional security. But he also pledged to peacefully resolve China's disputes over territory, which have intensified in recent years, especially in the South...

Florida jury acquits man accused of brokering uranium sale to Iran

>Patrick Campbell was found not guilty on Monday after a weeklong trial in federal court in West Palm Beach, said his lawyer, Richard Serafini. Campbell faced up to 20 years in prison and a possible $1 million fine had he been convicted.Campbell was arrested in August at John F.