Can a pawn shop turn around Hong Kong's IPO market?


Hong Kong's first-ever initial public offering (IPO) by a pawn shop has caught the imagination of retail investors, sending shares of the new entrant Oi Wah Pawnshop Credit Holdings surging over 30 percent on its debut on Tuesday.

IDB, Ecobank earmark €377m for Iran’s water and wastewater projects


The Islamic Development Bank and the Ecobank have allocated €377 million to Iran’s water and wastewater projects, IRNA quoted Iranian water and wastewater company official Hossein Bonakdari as saying.

Twinkies to be back on shelves by this summer


Twinkies may be back on store shelves by the summer says the new owner of Hostess.

Iran’s crude steel output up 7% in 11 months


Iran’s crude steel output amounted to 16 million tons in the first 11 months of the current Iranian calendar year, which began on March 20, 2012, showing 7 percent rise compared to the same period in the previous year.

Q&A: Can a transatlantic trade deal help save the global economy?


Politicians and economists on both sides of the Atlantic have hailed plans for a comprehensive trade deal between the United States and European Union as an important step to revive the struggling global economy. President Barack Obama — who unveiled plans for the long-awaited Transatlantic Trade and Investment Partnership between the world’s two largest economies last month — said he hoped negotiations would start in June and last two years. But some fear battles over details will bog down the talks.

Freaked out by horsemeat? Try an in vitro beef burger


AMSTERDAM, Netherlands — If meat from a horse freaks you out, how about meat from a test tube?

Iran to become leading urea fertilizer producer: official


Iran plans to double its urea fertilizer production capacity by the next two years and become the world’s major producer of this petrochemical product, the Mehr News Agency quoted Iranian deputy oil minister Abdolhossein Bayat as saying.

Iran to build refineries in African states: source


Iran has come to terms with Algeria, Angola, and South Africa to build small refineries for them, the Fars news agency quoted an informed source as saying.