Monthly Archives: January 2019

Skirting U.S. sanctions, Europeans open new trade channel to Iran

PARIS/BERLIN (Reuters) – France, Germany and Britain have opened a new channel for non-dollar trade with Iran to avert U.S. sanctions, although diplomats say it is unlikely to allow for the big transactions that Tehran says it needs to keep a nuclear deal afloat. Washington’s major European allies opposed last year’s decision by U.S. President Donald Trump to abandon the… Read more »

Exclusive: Three Indian state banks come off central bank watchlist

NEW DELHI (Reuters) – India’s central bank on Thursday removed Bank of India and Bank of Maharashtra from its prompt corrective action plan (PCA) for state-owned banks with high levels of bad debt and inadequate capital, confirming a Reuters newsbreak.A security guard stands next to the logo of Reserve Bank of India (RBI) inside its headquarters in Mumbai, India, December… Read more »

Iran ships 30 tons of yellow cake to facility in Isfahan

GENEVA (Reuters) – Iran has sent a large batch of mined uranium “yellow cake” for processing ahead of shipment to its main enrichment facility, Iran’s state news agency reported on Wednesday in the latest sign of plans to step up its atomic activities. Yellow cake, or uranium ore, can be further processed into enriched uranium to make fuel for nuclear… Read more »

Iran implementing its commitments under nuclear deal, IAEA says

VIENNA (Reuters) – Iran is carrying out its commitments under its nuclear deal with major powers, International Atomic Energy Agency chief Yukiya Amano said in the text of a speech posted online by his agency on Wednesday. “Iran is implementing its nuclear-related commitments under the JCPOA,” Amano said, repeating his position on the deal, known officially as the Joint Comprehensive… Read more »

Indian Oil looking for annual deal to buy U.S. oil

NEW DELHI (Reuters) – Indian Oil Corp, the country’s top refiner, is looking for an annual deal to buy U.S. crude as it seeks to broaden its oil purchasing options, its chairman said on Wednesday, amid uncertainties over imports from Iran. Washington in November granted a six-month waiver to New Delhi from sanctions against Tehran and restricted India’s monthly intake… Read more »

Lack of jobs in India drove migrants on to boat for New Zealand, say relatives

NEW DELHI (Reuters) – In a dark alleyway no wider than arms’ length, a single ladies’ shoe is all that remains on the boarded-up doorstep of Prabhu Dhandapani, his wife and their eight-year-old daughter.A man looks on from a building at a residential area from where several people travelled illegally on a boat to New Zealand, in New Delhi, India,… Read more »

Pilot had ’emotional breakdown’ before deadly crash, Nepal probe panel says

KATHMANDU (Reuters) – The captain of a Bangladeshi aeroplane “seemed to have an emotional breakdown” before a deadly crash last March, Nepali investigators said in a final report on the Himalayan nation’s worst aviation disaster in 26 years. They blamed the crew’s loss of situational awareness for the crash of the US-Bangla Airlines flight to the Nepali capital from Dhaka… Read more »