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Asia Top News and Analysis Iran

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  • DUBAI, Oct 2- Iran has been able to cope with Western economic sanctions and the central bank has supplied enough hard currency to finance imports even though the sanctions have cut Tehran's oil earnings, President Mahmoud Ahmadinejad said on Tuesday.

  • Iran lawmakers seek answers over currency drop Tuesday, 2 Oct 2012 | 8:45 AM ET

    TEHRAN, Iran-- Iranian lawmakers have signed a petition to summon President Mahmoud Ahmadinejad to parliament for questioning over the rapid drop in the value of the country's currency. Iran's currency fell again Tuesday, hitting a record low of 34,500 rials against the U.S. dollar. It was 29,500 rials to the dollar Sunday.

  • Iran has been able to finance imports -Ahmadinejad Tuesday, 2 Oct 2012 | 8:35 AM ET

    DUBAI, Oct 2- President Mahmoud Ahmadinejad said on Tuesday that Iran's central bank had provided enough hard currency to finance imports into the country, despite Western economic sanctions designed to cut its oil earnings.

  • By Christopher Johnson and Alice Baghdjian. LONDON, Oct 2- Brent crude oil slipped to around $112 a barrel on Tuesday as investors weighed a weaker outlook for fuel demand and sluggish economic growth against the risk of possible supply disruptions.

  • Israeli budget rifts could lead to early polls Tuesday, 2 Oct 2012 | 7:18 AM ET

    JERUSALEM-- Israel's prime minister held the prospect of early elections over the heads of his coalition partners Tuesday, opening a drive to get his budget approved, a campaign that could have foreign policy implications.

  • Aussie Slips, Euro Steadies, Rial Keeps Falling Tuesday, 2 Oct 2012 | 6:59 AM ET
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    Australia cuts rates and kiwis look sweet — it's time for your FX Fix.

  • LONDON, Oct 2- Brent crude oil slipped to around $112 a barrel on Tuesday as investors weighed a weaker outlook for fuel demand and sluggish economic growth against the risk of possible supply disruptions.

  • *Fed's Bernanke says U.S. growth too slow* Coming up: API weekly oil stocks; 2030 GMT By Luke Pachymuthu and Manolo Serapio Jr. SINGAPORE, Oct 2- Brent crude futures steadied near $112 a barrel on Tuesday as investors weighed a weaker outlook for demand due to a sluggish global economy against potential supply disruptions.

  • Global economic activity has slowed this year, curbing fuel demand growth in Asia, Europe and the United States. The euro supported oil prices, rising for a second straight session on growing expectations the euro zone's fourth-largest economy, Spain, will seek a bailout.

  • By Luke Pachymuthu and Manolo Serapio Jr. SINGAPORE, Oct 2- Brent crude futures steadied near $112 a barrel on Tuesday as investors weighed a weaker demand outlook amid a sluggish global economy against the continuing potential for supply risks.

  • US oil sale helps SPR to fight cavern shrinkage Tuesday, 2 Oct 2012 | 12:25 AM ET

    WASHINGTON, Oct 2- Last year's sale from U.S. emergency crude oil reserves has helped battle shrinking capacity or "creep" at the 62 salt caverns in Texas and Louisiana that form the Strategic Petroleum Reserve, the Energy Department's inspector general said on Tuesday.

  • By Luke Pachymuthu and Manolo Serapio Jr. SINGAPORE, Oct 2- Brent crude futures steadied near $112 a barrel on Tuesday as investors weighed a weaker demand outlook amid a sluggish global economy against the continuing potential for supply risks.

  • LONDON, Oct 1- Banks must undergo a wholesale change in their culture and refocus their behavior on meeting the needs of customers to restore trust in the industry, Stephen Hester, chief executive of part-nationalised Royal Bank of Scotland, said on Monday.

  • DUBAI, Oct 1- Iran's rial plunged against the U.S. dollar in open-market trade on Monday, taking its loss in value over the past week to more than a quarter in further evidence that Western sanctions are shattering the economy.

  • Iran's currency falls 16 percent in single day Monday, 1 Oct 2012 | 3:39 PM ET

    TEHRAN, Iran-- Iran's currency has fallen 16 percent in a single day to hit a record low against the U.S. dollar and other foreign currencies in street trading. The collapse of the currency is a sign of the impact of Western sanctions imposed over Iran's nuclear program. The West suspects Iran is aiming to build nuclear weapons, a charge Tehran denies.

  • WASHINGTON, Oct 1- A precipitous drop in Iran's currency, the rial, shows that sanctions are cutting "deeper and deeper" into its economy, the United States said on Monday, reiterating Iran must rein in its nuclear program.

  • WASHINGTON, Oct 1- A precipitous drop in Iran's currency, the rial, shows that sanctions are cutting "deeper and deeper" into its economy, the United States said on Monday, reiterating Iran must rein in its nuclear program.

  • Rare labor petition in Iran shows economic alarm Monday, 1 Oct 2012 | 2:16 PM ET

    TEHRAN, Iran-- For weeks, a manifesto complaining about Iran's stumbling economy circulated in secret among factories and workshops.

  • WASHINGTON, Oct 1- A precipitous drop in Iran's currency, the rial, reflects relentless international pressure on the country over its suspected nuclear weapons program, the U.S. State Department said on Monday.

  • LONDON, Oct 1- Banks must change their culture to focus on the needs of customers to restore trust in the industry, Stephen Hester, chief executive of part-nationalised Royal Bank of Scotland, said on Monday.