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The War Is On
The US defence secretary, Leon Panetta, recently announced that America hoped to end its combat mission in Afghanistan in 2013 as it did in Iraq last year. Yet at Guantanamo Bay and elsewhere, the United States ...
Lately, inequality has reentered the national conversation. Occupy Wall Street gave the issue visibility, while the Congressional Budget Office supplied hard data on the widening income gap. And the myth of a classless society.
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Iran halts oil sales to France, Britain

IRAN has halted its limited oil sales to France and Britain in retaliation for a phased EU ban on Iranian oil that is yet to take full effect, the oil ministry said on Sunday. "Oil sales to British and French companies have ceased," spokesman Ali Reza Nikzad Rahbar said in a ...

Aramco, Pertamina sign refining, petrochem deal
SAUDI Aramco Asia (SAAC), a subsidiary of oil giant Saudi Aramco, signed an initial deal with Indonesia´s state energy firm, PT Pertamina to look into building a refining and petrochemicals project in Indonesia, Aramco said on Saturday. Aramco has said a refinery in Indonesia was among other planned refining projects which would raise its total global refining capacity to 8 million barrels per day (bpd) in a decade as it seeks to balance its energy portfolio by increasing downstream investments. Under the Memorandum of Understanding (MoU), Aramco and Pertamina will undertake a feasibility study first to jointly build a refinery and petrochemicals ...
Japan, China to coordinate on IMF efforts on eurozone
JAPAN and China agreed on Sunday they will jointly respond to any funding request from the International Monetary Fund, which is looking to more than double the size of its war chest to help countries deal with the eurozone crisis. Japanese Finance Minister Jun Azumi, after meetings with Chinese Vice Premier Wang Qishan and Finance Minister Xie Xuren, said the two countries were ready to support the IMF but further efforts by eurozone members were necessary. "What we agreed that European countries need to do more, although (the situation), including Greece, is headed in a good direction," Azumi told reporters in Beijing. "We can expect some sort ...
Olympus may be charged over $1.7 billion scandal
JAPANESE prosecutors are considering indicting Olympus Corp as a company for falsifying its financial reports to conceal huge investment losses in a $1.7 billion scandal, Kyodo news agency reported on Sunday, quoting investigative sources. Tokyo District Public Prosecutors and the watchdog Securities and Exchange Surveillance Commission (SESC) have apparently determined they can make a case against the camera and medical equipment following the Tokyo Stock Exchange´s decision last month to keep the company listed, Kyodo said. Olympus is likely to be indicted as a corporation when prosecutors charge chairman and ...

Egypt to sign $3.2bn loan pact with IMF in March
Cash-starved Kingfisher cancels 32 flights


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