(PTI): China National Petroleum Corp (CNPC) has signed a contract with National Iranian Oil Company (NIOC) for the development of Iran’s South Azadegan oilfield. The Chinese company will buy a 70 percent share of the whole project, according to an agreement signed Sunday in Lausanne, Switzerland between CNPC and NIOC’s overseas investment subsidiary, Naftiran Intertrade [...]
China signs a deal with Iran for development of its oilfield
Published in September 28th, 2009
Posted by The Business Time in Business
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Turkish president condemns western countries’ focus on Iran’s nuclear program
Published in September 28th, 2009
(PTI): The Turkish president has condemned Western countries’ focus on Iran’s nuclear program, stressing that the world should deal with Israel’s nuclear weapons instead. Turkey’s “Radikal” newspaper on Sunday reported that Recep Tayyip Erdogan’s strong comments against Israel’s nuclear program was similar to his “one minute” stance in Davos in January when he walked out [...]
“Economic expansion from the worst global recession in six decades would be slow”: US Federal Reserve chief
Published in September 27th, 2009
Posted by The Business Time in Business
(PTI): US Federal Reserve chief Ben Bernanke says any economic expansion from the worst global recession in six decades would be slow. “After contracting sharply over the past year, economic activity appears to be leveling out” in the US and abroad, Bernanke told an audience of some of the world’s leading
US, Britain and France of deceiving the international community over their nuclear programs: Iran’s ambassador
Published in September 27th, 2009
(PTI): Iran’s ambassador to the International Atomic Energy Agency has accused the US, Britain, and France of deceiving the international community over their nuclear programs. In an exclusive interview with Press TV, Ali Asghar Soltaniyeh rejected remarks by President Barack Obama of US, British Premier Gordon Brown, and Nicolas Sarkozy of France
“US budget deficit has reached $1.3 trillion”: US Congressional Budget Office
Published in September 26th, 2009
Posted by The Business Time in Business
(PTI): Current US budget deficit has reached $1.3 trillion, and could grow to nearly $2 trillion by this fall, intensifying fears about interest rates and inflation. The figure is nearly $880 billion higher than the deficit registered through July last year. According to the US Congressional Budget Office (CBO), budget spending during the period increased [...]
Year 2010 will be economically a tough year for UK
Published in September 26th, 2009
Posted by The Business Time in Business
(PTI): The UK economy has begun to emerge from recession but 2010 will be economically a tough year, Britain’s leading business association says. According to the Confederation of British Industry (CBI), the country’s gross domestic product (GDP) will rise by 0.3 percent between July and September, from the previous
