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Edition: U.S. Article Comments (0) Save Email Print Reprints Most Popular Most Shared Americans "bombarded" with cancer sources: report 06 May 2010 Stock plunge raises alarm on algo trading 8:31am EDT Witness: A day chasing North Korea's camera-shy Kim 6:52am EDT Obama says authorities probe cause of stock swoon 2:14pm EDT Dome lowered toward site of huge oil spill | Video 3:48pm EDT WRAPUP 13-Conservatives need partners after inconclusive UK vote 4:14pm EDT Stocks see little support from U.S. jobs data | Video 4:32pm EDT Nasdaq names stocks with cancelled trades 8:03am EDT Pakistanis pose as Indians after NY bomb scare 12:52pm EDT REFILE-US to announce Mexico trucking plan soon-LaHood 06 May 2010 The Science of Success 27 Apr 2010 Americans "bombarded" with cancer sources: report 06 May 2010 Pakistanis pose as Indians after NY bomb scare 12:52pm EDT Stock plunge raises alarm on algo trading 8:31am EDT REFILE-US to announce Mexico trucking plan soon-LaHood 06 May 2010 Freshway Foods recalls romaine lettuce 06 May 2010 Stock plunge raises alarm on algo trading | Video 06 May 2010 Food-stamp tally nears 40 million, sets record 1:28pm EDT Chicago rail boss commits suicide by train: reports 1:36pm EDT U.S. schools add fresh food without busting budgets 06 May 2010 UK Election Tone, timing key in UK election drama Britain's election looks to have produced the most inconclusive result possible - a narrow victory for the right leaning Conservatives and a Labour PM who shows no inclination just yet to step aside. Full Article British political cycle ends with no vista Factbox: Rules for inconclusive British election Bookies give odds on another election Complete UK election coverage U.N. on target for Iran sanctions by mid-June: sources LONDON Fri May 7, 2010 3:10pm EDT Related News Brazil says Iran willing to advance talks 2:05pm EDT Iranian President Mahmoud Ahmadinejad speaks during a ceremony to mark the Fourth National Anniversary of Nuclear Technology, in Tehran April 9, 2010. Credit: Reuters/Morteza Nikoubazl LONDON (Reuters) - A new round of U.N. sanctions against Iran will be ready by mid-June, European diplomatic sources said on Friday, but it remained uncertain how soon a draft proposal will be put to the Security Council. World | Brazil Brazil's foreign minister told Reuters on Friday that Brazil was working with Iran to find a solution to the stand off over its nuclear program, a process that could slow the timetable for presenting the draft to the United Nations. But the European diplomats said mid-June remained the target for getting a fourth round of sanctions passed as the United States and its European partners, with increasing support from Russia and China, move to pile pressure on Iran. "Brazil and China are now on board," said one of the sources, who is closely following discussions in New York. "The timeframe we are working on is ... to get a Security Council resolution by the second week of June," he said. The European sources said they had expected a draft resolution to go before the 15-member Security Council as early as next week, but U.S. diplomats dismissed that possibility. "That is not correct," said a U.S. State Department spokesman. The EU3+3 -- the United States, Britain, France, Germany, Russia and China -- have been in discussions for months over a further round of sanctions, while Tehran has indicated that it is prepared to re-open discussions on a fuel swap that might forestall the need for tighter new sanctions. Iran's Foreign Minister Manouchehr Mottaki held talks with Security Council diplomats in New York this week and said he had reiterated the possibility of a uranium swap. "Everybody should give the swap proposal a chance. Everybody should try to find the proper way to solve this problem," he told reporters in Turkey, where he held talks with Turkish Foreign Minister Ahmet Davutoglu on Friday. MEDIATION Turkey, one of 10 non-permanent members of the Security Council, remains opposed to further sanctions against Iran and has repeatedly resisted EU attempts to shift its position. "The Turks have to be convinced a bit more," one of the European sources said, adding that efforts would redouble in the coming weeks to try to win Turkey over. At the same time, Brazil is also pushing to give Iran more time. Foreign Minister Celso Amorim told Reuters he saw a window of opportunity to get Iran back on side with its nuclear program, which Tehran says is only for peaceful purposes. "I think there's room (for dialogue)," he said on Friday. "I noticed more pragmatism in the Iranian leadership, an interest in moving forward." The European sources said the intention was to get a Security Council resolution by mid-June so that more pressure would be applied on Iran to "re-engage," rather than allowing it to hold out the possibility of further discussions before a resolution is approved and then renege on the offer. "They need to get the resolution through, then it has to come back to the EU and to other places to be implemented, and that takes a bit of time," he said. "They hope that the Iranians will re-engage at that point." Catherine Ashton, the EU's high representative for foreign affairs, has held talks with Turkey's foreign minister in recent weeks and has indicated that she would be willing to meet the Iranians after new sanctions are in place. One of the sources said it was possible that she could meet the Iranians in Turkey "this side of the summer" if a new sanctions package is approved by mid-June. (Additional reporting by Raymond Colitt in Brasilia and Daren Butler in Istanbul; Editing by Jon Boyle) World Brazil Add a Comment *We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language or appear to be spam and review comments frequently to ensure they meet our standards. 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. © Copyright 2010 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Analyst Research Mobile Newsletters RSS Podcasts Widgets Your View Labs Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week 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.

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