Iran, Iraq resume talks on gas deal

03/10/2013

Iranian Oil Minister Rostam Qasemi has started a new round of talks with Iraqi officials in Baghdad, discussing the implementation of a previously signed deal with the Iraqi side to export Iranian gas to Iraq.

China economic data shows inflation accelerating as industrial output slows

03/10/2013

China’s new generation of leaders are facing an economic policy catch-22. Data released Saturday show inflation rose to a 10-month high in February at the same time industrial output – a key measure of activity in China’s thousands of factories and workshops – and retail sales softened.

Tehran, Moscow underscore need to boost trade

03/10/2013

Iran and Russia have emphasized the need to enhance bilateral trade in different fields, the Mehr News Agency reported.

Three reasons to doubt China's export numbers

03/09/2013

In spite of the two-week Lunar New Year holiday in February, which typically translates into a slower period for economic activity, China's export numbers blew past expectations, coming in more than double of what was forecast, raising questions over the reliability of the data.

Polish plant puts rotten meat in sausages, report says

03/09/2013

If you think horsemeat is exotic, you should try expired meat. A Polish meat plant was shut down today amid concerns that it was selling meat past its expiration date, Reuters reported.

China February CPI up 3.2% on year as food prices jump

03/09/2013

BEIJING: China's annual inflation jumped to a 10-month high in February as holiday spending for the Lunar New Year drove food prices sharply higher, data from the National Bureau of Statistics (NBS) showed on Saturday.

New Fish McBites can't save McDonald's sales figures

03/09/2013

Fast food giant McDonald's announced Friday that a key US sales figure was down 3.3 percent for February,

Oil prices to hold steady in 2Q, Iran forecasts

03/09/2013

Iranian Oil Minister Rostam Qasemi has evaluated current oil prices in world markets as reasonable, forecasting that the prices would remain steady in the second quarter of 2013.