Iran's biggest Indian oil client, Mangalore Refinery and Petrochemicals Ltd , plans to cut its annual import deal with Tehran by as much as 44 percent to 80,000 barrels per day in 2012/13, two sources said, as western sanctions make trade more difficult.
Chinese Premier Wen Jiabao cut his nation's 2012 growth target to an eight-year low of 7.5 percent and made boosting consumer demand the year's first priority as Beijing looks to wean the economy off its reliance on external demand and foreign capital.
Asian stock markets declined Monday as concerns over the impact of a slowing Chinese economy and tough speech by U.S. President Barack Obama over Iran nuclear program weighed on the sentiment.
Chinese Premier Wen Jiabao cut his nation's 2012 growth target to an eight-year low of 7.5 percent and made boosting consumer demand the year's first priority as Beijing looks to wean the economy off its reliance on external demand and foreign capital.
Apple iPad 3 is coming this week and the latest razzmatazz surrounding the release of Apple's next generation iPad is overwhelming. Check out the speculated features, price and names of iPad 3.
Mangalore Refinery and Petrochemicals Ltd (MRPL) has plan to cut its annual import deal with Iran by 44 percent according to the latest report.
China will increase spending on police, militia and other domestic security arms by 11.5 percent to $111 billion this year, figures released on Monday showed, ahead of a leadership succession that has kindled fear of instability.
Chinese Premier Wen Jiabao cut his nation's growth target to 7.5 percent for 2012 to give the economy more room to slow down if needed while the government carries out promised economic and welfare reforms ahead of a looming leadership transition.
China will target for an economic growth of 7.5 percent in 2012 according to state-of-the-nation speech that Premier Wen Jiabao delivered at the annual meeting of the National People’s Congress in Beijing Monday.
China's Premier Wen Jiabao cut the country's growth target to 7.5 percent for 2012 in a bid to find leeway for promised economic and welfare reforms while delivering stability ahead of a leadership transition later this year.
U.S. bank Wells Fargo has drawn up plans to build up its overseas operations and wants to expand into 20 markets worldwide, the Financial Times reported on Monday.
As Apple's special media event on March 7 approaches--where many expect the company to reveal the iPad 3--techies around the world are speculating what a new Apple tablet device might look like. One Chinese tech blog, M.I.C. Gadget, claims to have specific details about the design of a new Apple device just days before the company's special event. The blog has partially constructed what it purports to be the iPad 3 using what it claims to be authentic supplier parts.
India has enjoyed generally benevolent relations with the Jewish state.
The West and the Middle East have long had a strained political relationship. But when it comes to architecture, a more fruitful partnership has emerged.
The Red Cross delivered emergency aid to areas around the battered Baba Amro district of the Syrian city of Homs on Sunday, but was blocked for a third day from entering the former rebel bastion amid reports of bloody reprisals by state forces.
Read Obama's address to the American Israel Public Affairs Committee conference, where he talks about his commitment to Israel and the dangers of Iran's nuclear program.
The U.S. Federal authorities have charged 29 people involved in a $325 million operation of smuggling counterfeit goods from China.
Beijing to raise its military budget by 11.2 per cent for 2012, a move that will worry its neighbours Japan, India and other southeast Asian nations.
China will boost military spending by 11.2 percent this year, the government said on Sunday, unveiling Beijing's first defense budget since President Barack Obama launched a pivot to reinforce U.S. influence across the Asia-Pacific.
China will increase its defense spending by 11.2 percent this year, a government representative said on Sunday when the country disclosed its military budget. It will spend 670 billion yuan ($106.4 billion) on defense in 2012, which represents an increase of $14.4 billion over the $92 billion spent on the military in 2011.
Syrian forces continued the bombardment of Homs as the Red Cross aid convoy still awaits permission to help the hapless civilians.
Syrian forces bombarded parts of the shattered city of Homs on Saturday and for a second day blocked Red Cross aid meant for civilians stranded for weeks without food and fuel in the former rebel stronghold.
