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British Bank Value Plunges After Iran Money Laundering Accusations

Posted August 7th, 2012 at 10:30 am (UTC-5)
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The British bank Standard Chartered lost nearly a quarter of its value in trading Tuesday, a day after U.S. officials accused it of illegally laundering $250 billion in financial transactions with Iran during the past decade. The Britain’s fifth-biggest bank has operations spread throughout the world, but until now had been spared from a wave […]

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Iran Tests Missile with New Guidance System

Posted August 4th, 2012 at 6:50 am (UTC-5)
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Iran says it has successfully tested a short-range missile equipped with a new guidance system that it plans to install on all future missiles it builds. Defense Minister Ahmad Vahidi said on Saturday that the new system has the capability of striking both land and sea targets. He added that the Fateh 110 missile has […]

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China Urges US to Lift Sanctions Against Bank for Iran Ties

Posted August 1st, 2012 at 6:00 am (UTC-5)
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China is urging the United States to lift new sanctions imposed against a Chinese bank for doing business with Iran. China’s foreign ministry said Wednesday the sanctions damaged U.S.-Chinese relations, and that it would lodge an official protest. The U.S. Treasury on Tuesday announced the sanctions against China’s Bank of Kunlun and an Iraqi financial […]

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US Imposes New Sanctions on Iran

Posted July 31st, 2012 at 7:40 pm (UTC-5)
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U.S. President Barack Obama has signed an executive order that imposes new sanctions on Iran’s energy and petrochemical sectors, to prevent that country from circumventing international penalties for its nuclear program. Additionally, the U.S. Treasury Department announced sanctions against one Chinese and one Iraqi financial institution accused of doing business with sanctioned Iranian banks. In […]

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US Congressional Negotiators Agree on New Iran Sanctions

Posted July 31st, 2012 at 4:50 am (UTC-5)
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U.S. lawmakers are moving forward with tough new sanctions against Iran, aimed at further reducing the nation’s oil revenues to undercut its nuclear program. Negotiators from the U.S. Senate and House of Representatives reached agreement on the compromise legislation late Monday. The bill would target Iran’s energy and shipping sectors. It would penalize anyone who […]

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US Slaps More Sanctions on Iran

Posted July 12th, 2012 at 3:55 pm (UTC-5)
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The United States is imposing more sanctions on Iran and taking steps to stop Iran from using front companies and banks to evade sanctions. Undersecretary of the Treasury for Terrorism David Cohen says the United States will keep ratcheting up the pressure on Iran as long as it refuses to address the global concern about […]

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US: Iranian Dissident Group Must Complete Move From Iraqi Base

Posted July 7th, 2012 at 12:55 am (UTC-5)
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The United States has warned an Iranian dissident group that time is running short for it to vacate its Iraqi exile camp. A U.S. counter-terrorism official, Daniel Benjamin, said Friday the People’s Mujahedeen Organization of Iran, also known as the Mujahedeen-e Khalq, or MEK, must complete its move from Camp Ashraf, north of Baghdad, by […]

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Iran: Ballistic Missile Tests ‘Response to Threats’

Posted July 3rd, 2012 at 3:05 pm (UTC-5)
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Iran says it has successfully tested medium-range ballistic missiles which experts say are capable of hitting Israel. Official Iranian media quoted a leading officer in the Revolutionary Guards Corps Tuesday as saying the exercises included the Shahab 3 missile, which flew up to 1,300 kilometers. Shorter-range Shahab 1 and 2 and other missile classes were […]

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Iran: Ballistic Missile Tests ‘Response to Threats’

Posted July 3rd, 2012 at 3:05 pm (UTC-5)
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Iran says it has successfully tested medium-range ballistic missiles which experts say are capable of hitting Israel. Official Iranian media quoted a leading officer in the Revolutionary Guards Corps Tuesday as saying the exercises included the Shahab 3 missile, which flew up to 1,300 kilometers. Shorter-range Shahab 1 and 2 and other missile classes were […]

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Iran: Ballistic Missile Tests ‘Response to Threats’

Posted July 3rd, 2012 at 1:05 pm (UTC-5)
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Iran says it has successfully tested medium-range ballistic missiles capable of hitting Israel in response to threats of military action against the Islamic Republic over its suspected nuclear weapons program. Official Iranian media quoted a leading officer in the Revolutionary Guards Corps Tuesday as saying the exercises included the Shahab 3 missile, which traveled distances […]

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