McDonald's suffers global sales drop for first quarter

04/20/2013

The world's largest restaurant chain, McDonald's, announced Friday a decline in global sales for its first quarter, and warned that its April figures were expected to dip also.

New study finds China manufacturing costs rising to US level

04/20/2013

Walk onto the shop floor at Prince Industries in Shanghai, China and it looks like most other manufacturing plants in this country. It's busy running two shifts, cranking out components that will be shipped to major manufacturers like Caterpillar, Siemens and Honeywell. But change is in the air.

Iran’s annual gas exports stands at $3.5b: official

04/20/2013

Iran exported 8.4 billion cubic meters of natural gas, worth $3.5 billion, in the past Iranian calendar year, IRNA quoted National Iranian Gas Company Managing Director Javad Owji as saying.

No direct trade link between Iran and U.S.: official

04/18/2013

There is no direct trade between Iran and U.S. at present, ISNA quoted Trade Promotion Organization of Iran official Abdolhamid Asadian as saying.

Keystone pipeline will not increase US energy security

04/18/2013

EAST ORANGE, N.J. — US energy independence has been a pipedream of presidents and politicians.

Tesco plans to sell its Fresh & Easy US stores

04/18/2013

Nearly six years ago, British grocery giant Tesco embarked on an bold and expensive experiment — coming to America. "The British are Coming ... to Aisle 3" is how we covered the opening of Tesco's Fresh & Easy stores in California in November 2007.

Iran Oil Show opens in Tehran

04/18/2013

The 18th International Oil, Gas, Refining, and Petrochemical Exhibition (Iran Oil Show) opened in Tehran on Wednesday.

Iran's economy to grow again in 2014: IMF

04/18/2013

According to the IMF, Iran's economy should emerge from a recession caused by Western sanctions over its nuclear program, but not until 2014, a year later than previously forecast, Reuters reported.