InfoAnda - U.S. grants Iran sanctions exceptions to China |

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

Doubts grow about Islamist's death in Indonesia | 10 August 2009
"Eclipse" enjoys record Wednesday at box offices | 2 July 2010
Seacrest stalker with knife arrested at E! offices | Entertainment | | 31 October 2009

Israel Gaza blitz sparks protests across the Arab world | 29 December 2008

Forum Views () Forum Replies ()

Read more with google mobile : U.S. grants Iran sanctions exceptions to China |

Edition: U.S. Africa 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 Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Election 2012 Campaign Polling Tales from the Trail Political Punchlines 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 Bernd Debusmann Nader Mousavizadeh Lucy P. Marcus David Cay Johnston Bethany McLean Anatole Kaletsky Edward Hadas Hugo Dixon Ian Bremmer Lawrence Summers Susan Glasser The Great Debate Steven Brill Jack & Suzy Welch Frederick Kempe Christopher Papagianis 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 (4) Full Focus Editor's choice A selection of our best photos from the past 24 hours. See more Images of May Follow Reuters Facebook Twitter RSS YouTube Read Top court upholds healthcare law in Obama triumph | 5:35pm EDT Ann Curry gives tearful farewell to "Today" Show 11:02am EDT Wall Street pares losses late, ends modestly lower | 5:17pm EDT U.S. stocks sag on healthcare ruling, euro dips 4:54pm EDT Supreme Court strikes down military medal lying law 12:23pm EDT Discussed 179 Supreme Court to deliver Obama healthcare law ruling 93 California tobacco tax hike narrowly defeated at polls 94 Sandusky lawyers may use NBC tape error in appeal Watched Court finds Kim Dotcom raid illegal Wed, Jun 27 2012 Hong Kong's dirty habits Wed, Jun 27 2012 EU leaders gather for family photo, but divisions remain over policy 2:19pm EDT 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 Raging wildfires Raging fires strike Colorado and Utah. Slideshow Health in America An essay of photos taken by Reuters photographers during assignments on health care. Slideshow U.S. grants Iran sanctions exceptions to China Tweet Share this Email Print Related News China, Singapore get exceptions to Iran sanctions 2:44pm EDT Iran to review Seoul ties if oil imports suspended 3:35pm EDT Analysis & Opinion Why leaks are good for you Essential reading: State, local fiscal burdens drag on economic recovery, and more Related Topics World » China » Syria » By Timothy Gardner and Arshad Mohammed WASHINGTON | Thu Jun 28, 2012 5:45pm EDT WASHINGTON (Reuters) - The United States gave China a six-month reprieve from Iran financial sanctions on Thursday, avoiding a diplomatic spat with a country whose support it needs to try to quell violence in Syria and rein in Tehran's nuclear ambitions. With Thursday's decision to grant exceptions to China, which buys up to a fifth of Iran's oil exports, and Singapore, which buys Iranian fuel oil, the Obama administration has now spared all 20 of Iran's major oil buyers from its unilateral sanctions. The sanctions themselves are designed to pressure Iran to curb its nuclear program, which the West believes aims to develop nuclear weapons but which Tehran says is for peaceful purposes such as generating electricity and medical isotopes. U.S. Secretary of State Hillary Clinton said both China and Singapore earned the reprieve by cutting imports of Iranian crude and argued the reductions by all 20 countries showed that Iran was paying a high price for its nuclear program. "Their cumulative actions are a clear demonstration to Iran's government that Iran's continued violation of its international nuclear obligations carries an enormous economic cost," Clinton said in a release. Earlier this month the administration granted exceptions to India and six other economies. Japan and 10 European Union countries got exceptions in March. The sanctions seek to pressure Iran by choking off its oil revenues, the life blood of the Iranian economy. Iran's exports have already fallen about 1 million barrels per day, worth about $630 million a week, on the threat of U.S. and EU sanctions. But the impact on oil markets has been muted by a surge in production from the world's largest exporter, Saudi Arabia, and signs of economic troubles in Europe and China. Geng Shuang, a spokesman at China's embassy in Washington, said his country "will continue working with parties concerned to find a peaceful solution of the issue through dialogue and negotiation." SIGNIFICANT REDUCTIONS Under the law President Barack Obama signed late last year, the administration can cut foreign banks from access to the U.S. financial system if they perform oil transactions with Iran's central bank. The law also allows Obama to grant 180-day exceptions to any country that has "significantly reduced" purchases of Iranian oil. The administration has not specified the levels each country must cut, but officials have said Japan had trimmed imports by about 15 to 22 percent. China's imports from Iran fell about 25 percent in the first months of the year on an unrelated pricing dispute with Tehran. The imports bounced back in May and are expected to do the same in June and July. With the rebound, the administration risks criticism from sanctions supporters on Capitol Hill. ACTIONS LOUDER THAN WORDS "The Administration likes to pat itself on the back for supposedly being strong on Iran sanctions," said Republican Ileana Ros-Lehtinen, the chairman of the House Foreign Affairs Committee. "But actions speak louder than words, and today the Administration has granted a free pass to Iran's biggest enabler, China," she said. The administration, however, is probably "prepared to take that risk because it would want to avoid a major diplomatic spat with Beijing" over the sanctions, said Mark Dubowitz, the head of the non-profit group Foundation for Defense of Democracies, which advocates tough sanctions on Iran. Tension over sanctions had driven oil prices higher early this year, but the impact has faded. "The oil market has already priced this in as the assumption was that China would be able to continue trading with Iran regardless," said Societe Generale's global head of oil research, Michael Wittner. Some Iranian ships have turned off tracking devices, according to oil market sources, leaving open the question of whether China and other countries are importing crude that has gone undetected. "I think we basically witnessed a game of chicken between the U.S. and China and the Obama administration flinched first," a Senate Republican aide said, speaking on background. To renew its exception six months from now China will have to prove without doubt it has cut purchases from Iran, said Democratic Senator Robert Menendez, who helped craft the sanctions law. "We will expect to see additional significant reductions by China and other nations." (Additional reporting by Roberta Rampton and David Sheppard in New York; Editing by Sandra Maler, Leslie Gevirtz, Sofina Mirza-Reid and Bob Burgdorfer) World China Syria 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 (4) politicaljunkie wrote: Edition: U.S. Africa 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, 29 June 2012
Iraq bomb attacks kill 21, wound scores |
U.S. grants Iran sanctions exceptions to China |
Exclusive: Saudi readies oil line to counter Iran Hormuz threat |
French government to cut staff, operating costs: PM |
Jordan king pushes parliament to widen election law |
Dozens wounded as Serbs, Kosovo police clash |
United Technologies sent military copter tech to China |
Google's Chrome browser to be available on Apple's iPad, iPhone |
RIM posts huge loss, delays BlackBerry 10 launch |
Analysis: Top-rated analysts negative on Facebook earnings |
Scientists develop spray-on battery |
Soderbergh exposes male strippers in new film |
Irving explores bisexuality in latest best seller |
Smashing Pumpkins rock again with Oceania |
Land of Decoration wins Desmond Elliott novel prize |
Exclusive: China to launch Netflix-like movie service |
Insight: In Islamist Egypt, generals still have final say |
Insight: Turkish generals look to life beyond prison bars |
Blast hits Damascus, Turkey sends troops to border |
South Korea shelves disputed military pact with Japan |
Hijacking foiled in China's troubled Xinjiang: report |
Analysis: Sudan rulers dig in as foes look for Arab Spring |
France's Strauss-Kahn and wife have separated: source |
Egypt's new president to take oath before court |
Exclusive: Microsoft tie-up, network sale among RIM options: sources |
Megaupload founder still faces NZ extradition battle |
RIM delays new BlackBerry launch; sales crumble |
SK Hynix boosts flash chip capacity to meet rising demand |
Demand for iPads, e-readers lift John Lewis sales |
Elpida creditors agree to forgive 70 percent of debts: Nikkei |
U.S. Genius visa attracts entrepreneurs and Playmates |
Soderbergh exposes male strippers in new film |
Egypt Islamist president-elect takes symbolic oath |
Iran expects to equip Gulf ships with missiles soon |
Mumbai attack was run from Pakistan: India |
German far right in legal battle over free speech |
Analysis: West struggles to understand Russia's Syria stance |
Myanmar government chides Suu Kyi for calling country Burma |
Russian arms dealer jailed in U.S. will appeal |
Gunmen kidnap aid workers from Kenya camp, driver killed |
Japanese protesters fill streets as nuclear re-start looms |
RIM prospects dire after launch delay: analysts |
Tibco shares rise on strong results |
High court won't consider FCC media ownership rules |
Outsourcing boosts Accenture, allays Europe concerns |
RBC upgrades Oracle to outperform |
First Solar names COO |
Google's Chrome browser to be available on Apple's iPad, iPhone |
French bid adieu to Minitel, the France-Wide Web |
U.S. Genius visa attracts entrepreneurs and Playmates |
Dish subscribers set to lose Mad Men |
Irving explores bisexuality in latest best seller |
High court agrees no indecency fine for CBS wardrobe malfunction |
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	VPN on MacOSX	BlogMeter 1.01