News Archive - 17 November 2014

>* Traders watching for signs of an OPEC agreement to cut output (Recasts and updates to U.S. session; changes byline and dateline, previous LONDON)By Barani KrishnanNEW YORK, Nov 17 (Reuters) - Oil prices fell on Monday after a one-day rally as fourth-largest crude importer Japan fell into recession and...

>MOSCOW Nov 17 (Reuters) - Top Russian oil producer Rosneft said Chief Executive Igor Sechin would fly to Vienna on Nov. 25 for an energy market conference, just two days before OPEC meets in the city to debate the plunge in oil prices.The state-backed company declined further comment on...

>Western officials say Iran must improve cooperation with the long-running International Atomic Energy Agency (IAEA) inquiry as part of a broader diplomatic settlement which Tehran and six world powers aim to reach by a self-imposed Nov. 24 deadline.Negotiators from Iran, the United States, France, China, Russia, Britain, Germany and...

Iranian and international negotiators convene in Vienna this week, starting Tuesday, for a final push to try to reach agreement on Iran’s nuclear program by the November 24 deadline. VOA’s Al Pessin reports from London the issues are largely the same as they have been for more than a year,...

VIENNA (AP) — Iran and six world powers are closer than ever to a deal that would crimp Tehran's ability to make nuclear arms — a status that would lead to an end to sanctions on the Islamic republic

In the spring of 2000, I lived for a month in a Taliban madrasa, a religious seminary, located on the Grand Trunk Road outside of Peshawar, in Pakistan.

WASHINGTON (AP) — Just back from a whirlwind 10-day trip to Asia, the Middle East and Europe, Secretary of State John Kerry is heading across the Atlantic again for nuclear talks with Iran as a Novemb

Winter conditions are entrenching over north India as a cold wave engulfed parts of north-east Madhya Pradesh during the last 24 hours ending Monday morning.

BRUSSELS - A Belgian investigating judge has charged a Swiss private banking branch of HSBC with massive organized fiscal fraud, money laundering and forming a criminal organization to the benefit of over 1,000 wealthy clients that cost the Belgian authorities "hundreds of millions of euros." The prosecutor's office said...

>A reduced Israeli purchase may dent international confidence in the Lockheed Martin Corp plane and set back Israeli efforts to get a lower unit price because of advance orders.Israel bought 19 F-35s for $2.75 billion in 2010, with delivery scheduled between 2016 and 2018. Defence Minister Moshe Yaalon,...

>INTERNATIONAL/REGIONALGLOBAL MARKETS-Tokyo shares, yen skid as Japan slips into recession* Oil surges a day after Brent crash; supply fears linger* MIDEAST STOCKS-Arabtec drags down Dubai, Ma'aden weighs on Saudi Arabia* PRECIOUS-Gold dips after short-covering rally on stronger dollar* U.S. hostage Peter Kassig is killed by Islamic State* Saudi Arabia,...

>* Iran attacks OPEC members for refusing to stabilise oil prices* IEA says oil market in new era, prices unlikely to rise soonBy Jacob Gronholt-PedersenSINGAPORE, Nov 17 (Reuters) - Brent crude fell to $79 a barrel on Monday following news Japan, the world's fourth-biggest crude importer, had slipped into recession...

>By John KempLONDON Nov 17 (Reuters) - As ministers from the 12 members of the Organization of the Petroleum Exporting Countries (OPEC) prepare to fly to Vienna for their 166th meeting next week, the quiet consultations and soundings have already begun.OPEC must decide whether and how to respond to...

>LONDON (Reuters) - “As a result of the fall in demand and the rise in non-OPEC supplies, we recognized too late that oil was overpriced, that it had reached an unwarrantably high level, destroying the state of virtual equilibrium between supply and demand,” the Saudi oil minister told his audience.

>NEW DELHI Nov 17 (Reuters) - India bought 60 percent more Iranian oil in October than a year ago as refiners held to higher volumes despite signs that world powers and Iran might not reach a final agreement on Tehran's disputed nuclear programme before a Nov. 24 deadline. Six world...