Nicaragua OKs Chinese-made mega canal


LIMA, Peru — Nicaragua’s lawmakers have approved a multibillion-dollar plan for a little-known Chinese firm to carve a canal between the Pacific and Atlantic oceans that would dwarf the Panama Canal.

China gives US nothing, but Germans get sweets


Some of the 9 hours of "unscripted" talks between the US President Barack Obama and the Chinese President Xi Jinping in a balmy California desert over the weekend could have been used to give American companies a better opportunity to compete in the Middle Kingdom's booming economy.

Why is French wine at the forefront of an EU-China trade war?


BRUSSELS, Belgium — A trade war with its second-largest export market is just about the last thing the European Union needs.

Iran’s car imports fall 21% in 2 months


Some 3,580 cars have been imported into Iran over the first two months of the current Iranian calendar year (March 21-May 21), down 21 percent year on year, the Iranian Customs Administration director said on Monday.

‘Iran has capacity to transit 40m tons of goods annually’


Iran has the capacity to transit 40 million tons of goods annually, the Iranian deputy roads and urban development minister said on Monday.

Iran technical-engineering exports may exceed $10b forecast


Iran’s technical and engineering exports are predicted to exceed $10 billion in the current Iranian calendar year, which began on March 21, Iranian Industry, Mines, and Trade Minister Mehdi Ghazanfari announced on Saturday.

Iran says sanctions are not affecting its oil production


VIENNA, Austria — Iran’s oil minister shrugged off the effects of sanctions on its oil industry on Friday, noting that a drop in crude exports was being made up for by international sales of gasoline and other refined products.

India aims to invest $100m in Iran’s Chabahar port


An Indian economic delegation has just arrived in Iran with the aim of finalizing negotiations to invest $100 million in Iran’s southeastern Chabahar port, the Tasnim News Agency reported.