03/07/2012 (9:16 pm)

AP Exclusive: Iran may be cleaning up nuke work

Filed under: Lenders, term |

Satellite images of an Iranian military facility show trucks and earth-moving vehicles at the site, indicating that crews were trying to clean it of radioactive traces possibly left by tests of a nuclear-weapon trigger, diplomats told The Associated Press on Wednesday.

Two of the diplomats said the crews may be trying to erase evidence of tests of a small neutron device used to set off a nuclear explosion. A third diplomat could not confirm that but said any attempt to trigger a so-called neutron initiator at the Parchin site could only be in the context of trying to develop nuclear arms.

The images, provided to the IAEA by member countries, are recent and constantly updated, said one of the diplomats.

The diplomats are nuclear experts accredited to the International Atomic Energy Agency, and all asked for anonymity to discuss sensitive information.

Iran is under growing international pressure over its nuclear program, which it insists is peaceful. Israel has warned that it may resort to a pre-emptive strike against Iran’s nuclear facilities to prevent Tehran from obtaining atomic weapons payday loans.

The IAEA has already identified the Parchin military site as the location of suspected nuclear weapons-related testing. In a November report, it said it appeared to be the site of experiments with conventional high explosives meant to initiate a nuclear chain reaction.

It did not mention a neutron initiator as part of those tests but in a separate section cited an unnamed member nation as saying Iran may have experimented with a neutron initiator, without going into detail or naming a location for such work.

In contrast, the intelligence information shared with the AP by the two diplomats linked the high-explosives work directly to setting off a neutron initiator at Parchin.

Source

03/04/2012 (5:32 pm)

Income tax changes eliminate refunds for many Ontario residents

Filed under: Business, economics |

Ontario residents with low to moderate incomes may get a nasty surprise when filing their 2011 tax returns.

Their refunds are disappearing, thanks to a low-key provincial decision to stop giving lump sum tax credit payments once a year.

Instead, it has combined several tax credits into the Ontario Trillium Benefit. This will be paid monthly, starting in July, to those who receive relief for energy costs, rent, sales tax and property tax.

The government made the move after consulting welfare experts, who said a monthly benefit would provide a steady income flow to pay bills.

But that

02/20/2012 (3:44 pm)

UN nuke inspectors arrive for key talks in Tehran

Filed under: UK, Uncategorized |

U.N. nuclear inspectors arrived in Iran on Monday in the latest push to hold key talks with Iranian officials about how far the country’s controversial nuclear program has come.

The trip is the second in less than a month by the International Atomic Energy Agency team, reflecting growing concerns over alleged weapons experiments _ something Iran has so far both denied and refused to discuss.

Herman Nackaerts, a senior U.N. nuclear official, said in Vienna before the team departed on Sunday that he hoped for progress in the talks but his careful choice of words suggested little expectation the meeting will be successful.

The West suspects Iran’s nuclear program is geared toward making weapons, a charge Iran denies, insisting it’s for peaceful purposes only, such as power generation.

Iran’s state TV said the IAEA team arrived early Monday morning for a two-day visit. The state radio, meanwhile, said the inspectors hope to meet Iranian nuclear scientists and pay a visit to the Parchin military complex.

The radio said the IAEA had requested to visit Parchin, an Iranian military base and conventional weapons development facility outside of Tehran. The site has also been suspected of housing a secret underground facility used for Iran’s nuclear program, a claim denied by Iranian authorities.

IAEA inspectors visited the site in 2005, but only one of four areas of potential interest within the grounds. The nuclear watchdog did not report any unusual activities, and has not mentioned Parchin in its reports since 2008.

“Whatever the reasoning of the agency is, it proves the IAEA is not loyal to its previous commitments,” the radio said. The tone of the commentary suggested the visit to the military complex would likely be denied no fax cash advances.

The IAEA visit comes as Iran last week announced what it described as key advancements in its nuclear program, inserting the first domestically made fuel rod into a research reactor in Tehran and installing a new generation of Iranian-made centrifuges at the country’s main uranium enrichment facility in the central town of Natanz.

Beyond concerns about the purported weapons work, Washington and its allies want Iran to halt uranium enrichment, which they believe could eventually lead to weapons-grade material and the production of nuclear weapons. Iran has been enriching uranium up to 20 percent, while uranium enriched to more than 90 percent can be used for a nuclear warhead.

The IAEA team wants to talk to key Iranian scientists suspected of working on an alleged weapons program. They also hope to break down opposition to their plans to inspect documents related to nuclear work and secure commitments from Iranian authorities to allow future visits.

Iran has denied alleged weapons experiments for nearly four years, saying they are based on “fabricated documents” provided by a “few arrogant countries” _ a phrase authorities in Iran often use to refer to the U.S. and its allies.

The IAEA summarized its information last November in a 13-page document drawing on 1,000 pages of intelligence. It stated then for the first time that some of the alleged experiments can have no other purpose than developing nuclear weapons.

Source

02/14/2012 (6:08 am)

Italian Company Bonds Rebound to First From Worst - Bloomberg

Filed under: Business, marketing |

Italian corporate bonds account for seven of the top 10 performers this year as investors renew their holdings of securities they shunned at the peak of Europe

02/03/2012 (1:36 am)

Asia stock markets fall ahead of US jobs report

Filed under: money, term |

Asian stock markets were mostly lower Friday ahead of a U.S. jobs report that is a key gauge of how robust the world’s No. 1 economy is.

Benchmark oil was nearly unchanged at $96 per barrel while the dollar rose against the euro and the yen.

Japan’s Nikkei 225 index fell 0.5 percent to 8,829.69. South Korea’s Kospi dropped 1 percent to 1,964.78 and Hong Kong’s Hang Seng lost 0.1 percent to 20,719.23.

Australia’s S&P/ASX 200 lost 0.4 percent at 4,249.40. Benchmarks in India, Thailand and New Zealand fell while Taiwan, Singapore and Indonesia rose.

Later Friday, the U.S. government releases its report on January job creation and the unemployment rate. In December, the country added 200,000 jobs, and the jobless rate was 8.5 percent.

Some analysts said they are not expecting a strong increase in jobs, based on a report Wednesday from private payroll agency ADP. The report said private-sector employment rose by 170,000 in January from the previous month _ fewer jobs than expected.

“The two series continue to track fairly closely and both show what everyone has rightfully fretted about for the past 18 months: there hasn’t been any trend improvement in job growth since mid-2010,” said analysts at DBS Bank Ltd. in Singapore.

Traders were largely refraining from big moves ahead of the employment data in case it turns out to be worse than expected.

“For right now, for major indexes like Dow Jones, the Hang Seng and also Germany’s DAX, they are already at a relatively high level,” said Linus Yip, strategist at First Shanghai Securities in Hong Kong. “For major indexes which shot up to high levels, we need more information for markets to expand the uptrend.”

The results of earnings reports, meanwhile, reverberated across markets. Japan’s Hitachi Ltd. jumped 7.3 percent after the electronics maker maintained its earlier earnings projection for the business year to March 31.

But Singapore Airlines fell 2.5 percent a day after announcing that quarterly profit plunged 53 percent as passenger demand slowed while higher fuel prices sent costs up. South Korean shipbuilder Hyundai Heavy Industries plummeted 7.2 percent after posting a 91 percent plunge in fourth-quarter net profit, Yonhap News agency said.

Elsewhere, Australian miner Lynas Corp. tumbled 9.4 percent amid opposition to its rare earths plant in Malaysia’s central Pahang state that is scheduled to begin operations later this year.

Stocks were largely unchanged on Wall Street on Thursday. The Dow Jones industrial average closed down less than 0.1 percent at 12,705.41. The broader Standard & Poor’s 500 index rose 0.1 percent to 1,325.54. The Nasdaq composite rose 0.4 percent to 2,859.68.

Benchmark oil for March delivery was up 4 cents to $96.39 per barrel in electronic trading on the New York Mercantile Exchange. The contract fell by $1.25 to end at $96.36 per barrel in New York on Thursday.

In currency trading, the euro fell to $1.3131 from $1.3141 late Thursday in New York. The dollar rose to 76.18 yen from 76.16 yen.

Source

01/25/2012 (6:48 pm)

Obama Calls for Wealthy Americans to Pay More in Tax to Restore Fairness - Bloomberg

Filed under: Rates, online |

President Barack Obama, offering an election-year prescription to spur the economy, said the wealthiest Americans should pay more taxes in the name of fairness, to bring down the deficit and ensure those trying to make ends meet don

01/20/2012 (10:04 pm)

Hammer Falls on Home Auctions in Australia as Market Stalls - Bloomberg

Filed under: Europe, Uncategorized |

A year ago, when Sydney property agent Peter Green

01/19/2012 (9:08 am)

Consumer Prices in U.S. Little Changed on Fuel - Bloomberg

Filed under: Rates, marketing |

The cost of living in the U.S. was little changed in December for a second month as stores cut prices to boost holiday sales and fuel expenses fell, reinforcing the Federal Reserve

01/11/2012 (10:36 am)

Report: Raymond James nearing deal to buy Morgan Keegan

Filed under: Mortgage, management |

Raymond James Financial is nearing a $930 million cash deal to buy Morgan Keegan, a Memphis-based brokerage owned by Regions Financial, Bloomberg News is reporting.

The Bloomberg report, citing a source close to the deal, said St. Petersburg-based Raymond James may announce the deal as early as this afternoon. The deal would include a $250 million from Morgan Keegan to Regions prior to the sale, bringing the total price to about $1.2 billion.

If the deal finalizes, it will make Raymond James among the largest underwriters of municipal bonds and boost its roster of financial advisers from 5,100 to about 6,300.

St business cards. Louis-based Stifel Nicolaus has pursued efforts to buy Morgan Keegan since Birmingham-based Regions put the unit up for sale in June. Bloomberg reported that Stifel’s most recent bid, made on Jan. 8, was $875 million in cash and stock. Stifel has 2,000 financial advisers and has grown its geographic footprint and adviser ranks through acquisitions in recent years.

Check back on stltoday.com for updates to this story.

Source

01/10/2012 (12:16 am)

Swiss Currency Test Looms for SNB

Filed under: Business, technology |

Thomas Jordan

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