Prior to Sein’s ascension, Burma was ruled by brutal military dictatorships for more than fifty years.
The price of oil has been rising due to mounting tensions between Iran and the United States and other western countries. On Wednesday the pressure on Iran continued to ratchet up, as European Union governments agreed on to ban imports of Iranian oil.
Gold prices rose Thursday as Chinese purchases of physical gold and concerns Iran might spark a regional conflict by attempting to block the Strait of Hormuz offset concerns over a Eurozone recession.
Concern about the appetite for Eurozone sovereign debt pushed European stocks lower and hit the single currency on Thursday, with the first French bond auction of 2012 set to test how much progress policymakers have made in easing tensions.
Concern about the appetite for euro zone sovereign debt pushed European stocks lower and hit the single currency on Thursday, with the first French bond auction of 2012 set to test how much progress policymakers have made in easing tensions.
The Obama administration will unveil a more realistic vision for the military Thursday, with plans to cut tens of thousands of ground troops and invest more in air and sea power at a time of fiscal restraint, officials familiar with the plans said Wednesday.
Byron Wien, vice chairman at Blackstone Advisory Partners issued his list of surprises for 2012 on Wednesday. The tradition of giving his views on a series of economic, financial market and political surprises for the coming year started in 1986.
The EU governments in the 27-nation bloc agreed on the Iranian oil embargo, but now need to plan a timetable for implementing the move. France has suggested a date for beginning the embargo is set at a scheduled Jan. 30 meeting of the EU foreign ministers.
European governments have agreed in principle to ban imports of Iranian oil, EU diplomats said Wednesday, dealing a new blow to the Islamic Republic.
Turkey is itself the sixth-largest buyer of Iranian oil, according to Reuters, although the two countries have had a rocky relationship.
On Tuesday, Delta became the first airline to add a surcharge on flights to and from Europe after the EU's Emissions Trading Scheme went into affect.
Gold was set for its strongest two-day rally in 2-1/2 months on Wednesday after an agreement in principle among European leaders to ban Iranian oil imports boosted the crude price and catapulted bullion to two-week highs.
China has publicly rejected new U.S. sanctions on Iran.
The top pre-market NASDAQ Stock Market gainers are: TiVo, Arena Pharmaceuticals, Lululemon Athletica, Qiagen, and AVEO Pharmaceuticals. The top pre-market NASDAQ Stock Market losers are: Life Partners Holdings, Acme Packet, BioMimetic Therapeutics, NetApp, Aruba Networks, Yahoo, and Apple.
The top after-market NASDAQ stock market gainers are: TiVo, Arena Pharmaceuticals, A123 Systems, Unilife and Team. The top after-market NASDAQ Stock Market losers are: Life Partners Holdings, Acme Packet, BioMimetic Therapeutics, Progress Software and Amarin.
Greece, deeply mired in its own financial crisis, has been highly dependent on Iranian oil because Teheran has offered debt-ridden nations attractive credit terms.
Israeli and Palestinian negotiators made no breakthrough during their first high-level discussions in more than a year Tuesday, but agreed to hold further talks in Amman on a confidential basis, Jordan's foreign minister said.
The latest threat comes days after U.S. President Barack Obama signed into law sanctions against Iran's central bank which processes most of the country's oil-export payments. Obama and other leaders, including European Union foreign ministers set to meet in Brussels on Jan. 30 to consider a oil-export ban on Iran, hope more sanctions will slow the country from further developing its nuclear weapons program.
In the first protest against Hungarian Prime Minister Viktor Orban since he came to power in May, tens of thousands of Hungarian opposition groups demonstrated against the country's new constitution.
Gold rose by nearly 2 percent on Tuesday, fueled by a recovery in the euro against the dollar, after the bullion price neared six-month lows last week in a flurry of year-end selling.
Gathering in the Jordanian capital on Tuesday, Israeli and Palestinian negotiators have come together in an effort to jumpstart long-stalled negotiations, the first face-to-face meeting in more than a year.
France wants tougher sanctions against Iran like the ones imposed by the United States.
