InfoAnda - Exclusive: U.S. likely to extend Iran sanction waivers-sources |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Ozaki voted into World Golf Hall of Fame | 7 October 2010
Anwar sodomy case: No clear evidence, says defense | 21 August 2009
Chinese group to sell stake in Lenovo parent | 10 August 2009

UK Afghan hostage death blamed on U.S. grenade | | 2 December 2010

Forum Views () Forum Replies ()

Read more with google mobile : Exclusive: U.S. likely to extend Iran sanction waivers-sources |

Edition: U.S. Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Social Pulse Business Video The Freeland File Aerospace & Defense Investing Simplified Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB Dividends World World Home U.S. Brazil China Euro Zone Japan Africa Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Social Pulse Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Nader Mousavizadeh Lucy P. Marcus Nicholas Wapshott Bethany McLean Anatole Kaletsky Zachary Karabell Edward Hadas Hugo Dixon Ian Bremmer Lawrence Summers Susan Glasser The Great Debate Reihan Salam Frederick Kempe Mark Leonard Breakingviews Equities Credit Private Equity M&A Macro & Markets Politics Breakingviews Video Money Money Home Tax Break Lipper Awards 2012 Global Investing MuniLand Unstructured Finance Linda Stern Mark Miller John Wasik James Saft Analyst Research Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Money Clip Investing 201 Life Health Sports Arts Faithworld Business Traveler Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Reuters TV Reuters News Article Comments (0) Full Focus Editor's Choice Our best photos from the last 24 hours. Slideshow Best photos of the year 2012 Download our Wider Image iPad app Follow Reuters Facebook Twitter RSS YouTube Read Marijuana goes legal in Washington state amid mixed messages 2:44am EST Romney campaign had $25.7 million left after U.S. election 06 Dec 2012 Philippines buries dead, typhoon toll hits 418 | 1:53am EST Google to charge small businesses for Web-based Apps software 06 Dec 2012 Special Report: Amazon's billion-dollar tax shield | 06 Dec 2012 Discussed 161 Egyptian protesters breach presidential palace cordon 139 IRS aims to clarify investment income tax under healthcare law 85 Obama takes ”fiscal cliff” on the road; Republicans stew Pictures Reuters Photojournalism Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption Fishing for shark fin The Ocean Sunset hunts sharks as well as other fish for their meat and fins off the cost of Canada. Slideshow Pregnant princess Princess Kate, Duchess of Cambridge, leaves the hospital. Slideshow Sponsored Links Exclusive: U.S. likely to extend Iran sanction waivers-sources Tweet Share this Email Print Related News UPDATE 7-Oil falls on euro zone concerns, dollar strength Thu, Dec 6 2012 Standard Chartered sees $330 million Iran fine, profit hit Thu, Dec 6 2012 CORRECTED-U.S. expects buyers of Iran's crude to deepen cuts Wed, Dec 5 2012 UPDATE 9-Oil falls after US gasoline inventories leap higher Wed, Dec 5 2012 Special Report: How foreign firms tried to sell spy gear to Iran Wed, Dec 5 2012 Analysis & Opinion Obama faces only hard choices in Mideast Mideastâ€™s WMD ‘red line’ gauntlet Related Topics World » United Nations » South Korea » Turkey » Middle East Turmoil » A general view of the Neka oil terminal 300 Kms North east of Tehran April 29, 2004. Credit: Reuters/Morteza Nikoubazl By Timothy Gardner WASHINGTON | Fri Dec 7, 2012 2:27am EST WASHINGTON (Reuters) - The United States is likely to exempt India, South Korea, Turkey and others from Iranian financial sanctions for another six months on Friday as a reward for reducing crude purchases from the Islamic republic, two U.S. government sources said. Oil shipments by Iran have more than halved in 2012 in the face of U.S. and European Union sanctions aimed at cutting Tehran's foreign exchange earnings and funding for a nuclear program they suspect is designed for a military purpose. Iran denies that the program is for nuclear weapons. The U.S. sanctions, which target financial transactions, have gradually tightened the noose on Iran's crude sales. But exports took a deep hit in July when EU sanctions kicked in, largely because they effectively, overnight, banned insurance cover on ships carrying Iranian crude. The sanctions have sharply curtailed the market for Iranian crude, with Asian buyers and Turkey the only customers this month, according to shipping sources. EU sanctions included a ban on members from buying Iranian crude. The International Energy Agency (IEA) estimates that Iranian oil exports dipped below 1 million barrels per day (bpd) over the summer as Western sanctions on Tehran tightened. According to official Iranian government data available through the Joint Oil Data Initiative (JODI), Iran exported an average of just over 2 million bpd in 2011. On June 11, a number of countries received their first round of reprieves from U.S. sanctions that President Barack Obama signed into law a year ago. The waivers are issued by the State Department. Under the law, banks in countries that buy oil from Iran can be cut off from the U.S. financial system unless their purchases are reduced. The architects of U.S. sanctions legislation, Democratic Senator Robert Menendez and Republican Senator Mark Kirk, have urged the White House to require oil importers to reduce purchases by 18 percent or more to qualify for further exemptions. U.S. waivers for China, the top consumer of Iran's oil, and Singapore are due to expire on December 25, 180 days after they were issued. Both countries are expected to get waiver extensions because they have reduced oil purchases from Iran. Those waivers could also be issued on Friday, one of the government sources and an oil industry source said. "There's nothing in the sanctions law that says the U.S. has to wait a full 180 days to announce exceptions for China," said the government source, who asked not to be named because of the sensitive nature of the matter. Japan and 10 EU countries received six-month sanction reprieves from the United States in September. SANCTIONS HIT The West suspects that Iran's nuclear program is enriching uranium to levels that could be used in weapons. Tehran has said that the program is for the generation of electricity and medical purposes. David Cohen, undersecretary for terrorism and financial intelligence at the U.S. Treasury Department, said this week the mix of sanctions was costing Iran up to $5 billion a month. The United States and the EU say the sanctions are targeted at the government and not ordinary citizens, although the rial has dropped sharply in value and forced up food prices so that Iranians can not always afford even basic items. Still, the West has been ramping up sanctions further as worries mount about Tehran's nuclear intentions and to try to calm concerns in Israel, which has threatened to attack Iranian nuclear installations if a peaceful solution is not found. Shipping sources say Iran's crude exports are set to drop by about a quarter in December from November and to the lowest level since the sanctions were imposed this year, representing a loss of about $800 million at current prices. EU sanctions mean that major buyers China, South Korea and India ask Iran to ship the oil to them because they are unable to secure insurance cover for vessels. Delivery has often been delayed because the Iranian fleet is severely stretched, with an increasing number of its tankers being used as floating storage for unsold oil. The sanction will leave Asia's 2012 Iranian crude imports at just over 1 million bpd, down roughly a quarter from a year ago, Reuters calculations show. As Iran's biggest buyers of Iran crude, Asian countries lobbied hard for exemptions to the sanctions for fear that a loss of the crude would force prices higher and undermine economic growth. Many Asian refiners are also designed to handle Iranian crude, and would require costly reconfiguring if they were to give up the grade substantially. China, the world's second-largest oil consumer, has also repeatedly voiced its opposition to unilateral sanctions, such as those imposed by the United States. It says measures should be multilateral and agreed through the United Nations. Still, China's imports have fallen in recent months as Iranian tankers struggled to ship even the reduced volumes requested by importing countries. Earlier this year, China slashed imports by as much as half as the country wrangled over annual contract terms with Tehran. China's imports from Iran are down 22 percent on the year to 426,000 bpd in January-October, the months for which official data is available. South Korea has reduced purchases 39 percent to 148,000 bpd and Japan 41 percent to 188,000 bpd over the same period. In contrast, India has raised imports to 328,000 bpd, up 7 percent. (Reporting by Timothy Gardner; Editing by Gerald E. McCormick and Toni Reinhold) World United Nations South Korea Turkey Middle East Turmoil Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Edition: U.S. Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Friday, 7 December 2012
Fatal North Sea collision said to be human error |
Guatemala rejects request for asylum by McAfee |
Greek police clash with youths over 2008 shooting |
Apparel factory fire reveals big brands' shadowy supply chains |
Facebook in talks to buy Microsoft ad technology: reports |
Intel CEO Otellini expects insider to replace him |
Detained software guru McAfee hospitalized in Guatemala |
Alcatel-Lucent out, Gemalto in French blue-chip index |
Broadcom eyes entry into LTE chip market in 2013 |
A123 auction to kick off with at least four bids |
Former Microsoft, Sprint executives launch mobile and cloud fund |
Once-popular Arkansas Passion Play of Jesus' life closes |
Philippines buries dead, typhoon toll hits 418 |
Egypt demonstrators reject Mursi call for dialogue |
Russia, U.S. talk as Syria events accelerate on the ground |
Exclusive: U.S. likely to extend Iran sanction waivers-sources |
U.S. warships moving to monitor North Korea's planned rocket launch |
Chinese Nobel winner dodges call for laureate's freedom |
Canada says reviewing F-35 report, denies plan to cancel |
Emboldened Hamas leader to visit Gaza for first time in 45 years |
Deportation looms for tech guru McAfee after heart drama |
Apple, Samsung spar in court, ruling to come |
Apple to return some Mac production to U.S. in 2013 |
T-Mobile USA plans to ditch phone subsidies, sell iPhone in 2013 |
Top U.S. carriers to set up 911 texting services |
Taiwan contract laptop maker Compal says Nov sales up 6 percent |
Google to charge small businesses for Web-based Apps software |
NTT Docomo loses record 40,800 subscribers in Nov, as iPhone gains |
Netflix says CEO's Facebook post triggered SEC notice |
Google critic disappointed with FTC, meet with Justice |
Jackson's Hobbit: the journey begins |
No Grammy love for Justin Bieber, One Direction |
Dancing with the Stars Burke says voice fine after thyroid surgery |
Breaking Bad, dominates Writers Guild TV nominations |
Spotify gains more listeners and Metallica |
New Whitney Houston book recalls singer's musical magic |
Actor Stephen Baldwin charged with failure to file taxes |
Hamas leader ends long exile, visits Gaza Strip |
Strong quake hits off Japan near Fukushima |
HRW demands Israel justify Gaza strike that killed 12 civilians |
Russian PM defends tough laws, stands behind Putin |
Berlusconi party says will not push Italy into chaos |
Flag riots mar Hillary Clinton's visit to Belfast |
Venezuela's Chavez returns from Cuba after treatment |
Illness leads Serb ambassador to NATO to suicide |
Italian tax police visit Facebook's Milan offices |
China's mini Apple takes slice of smartphone pie |
D. Telekom hopes investments will soften dividend blow |
TPSA sees Polish telco market tumbling further in 2013 |
Russia's Deputy PM to meet Rostelecom board next week |
China labor arbitrators rule against injured Foxconn worker |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01