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Jobless Man Throws Shoes at Iranian President

A jobless man angry for not receiving unemployment benefits threw his shoes at Iranian President Mahmoud Ahmadinejad while he was speaking at a ceremony in the city of Sari, Mazandaran Province on Monday. The shoes missed the president, who dodged it, and hit the banner behind him instead.

Total Buys Additional 2% Into Russian OAO Novatek

France's Total SA has recently upped its equity holdings in Russian OAO Novatek, buying an additional 2 per cent into the company for $800 million. Total SA's overall stake control in Russia's fastest-growing gas producer is now at 14.1 per cent.

Australian Stock Market Report - Midday 12/13/2011

The Australian sharemarket is unfortunately wiping out all of yesterday's gains with the All Ordinaries index (XAO) down 1.4 pct or 60.1 pts to 4251.3. Monday's improvement was like a ray of sunshine squeezing its way through an otherwise very cloudy sky.

Iran to Copy Captured U.S. Drone

An Iranian lawmaker said Monday that Iran will replicate a captured U.S. drone and produce a better version of the unmanned spying plane for its own use.

Australian Dollar Outlook - 12/13/2011

Bell FX Currency Outlook: The AUD has fallen over a cent during the offshore session, as Moody's rating agency said that the EU summit last week was inconclusive and that the Eurozone was still on negative watch.

Global Markets Overview - 12/13/2011

From Morrison Securities Pty Ltd. A negative reaction to last week's European sovereign-debt summit by credit-ratings firms sent U.S. stocks sharply lower Monday, erasing all of the stock-market gains that followed the summit Friday.

Iran Discovers World's Largest Offshore Natural-Gas Field in Caspian Sea

Iran has discovered a gas field reserve with a potential 1.4 trillion cubic meters of natural gas in the Caspian Sea.The field, located 2,300 feet deep (700 meters), lies within Iran's maritime borders, Rostam Qasemi, Iran's oil minister, said in the Ministry of Petroleum's news website.

Iran Urges OPEC to Expand Production Output Quota

Member-nations of the Organization of the Petroleum Exporting Countries (OPEC) should re-evaluate their current charts and slash output production to help acclimatize itself to the pending return of Libyan crude to the global markets as well as a potential increase in oil production from Iraq.

China and India Vow to Reduce Pollution Emissions

China and India have sworn they will cooperate with the world's more than 190 nations towards an international treaty that would include limiting the fossil fuel emissions of industrialized as well as emerging economies like them. Australia had earlier refused to commit if other countries are also not cooperating towards a new Kyoto Protocol.

Australian Stock Market Report - Afternoon 12/12/2011

The Australian sharemarket kicked off the new trading week in positive fashion with the All Ordinaries index (XAO) rising by 1.1 pct or 47.3 pts to 4311.4. All sectors improved today with the exception of the consumer staples. Weakness from Wesfarmers (WES) put downward pressure on the remainder of the sector. WES, the owner of Coles supermarkets is the largest company in the consumer staples space.

Australia's LNG Use to Slow with La Nina

The La Nina weather pattern expected to drench the summer months in Australia is deemed to impact on gas generation, carbon analytics firm, RepuTex said in a briefing.

China’s November Fiscal Revenue Growth Positive but Weak

The fiscal revenue growth of the world's second-largest economy expanded 10.6 per cent in November from a year ago figures of $101 billion. However, it was a sharp fall month-on-month from October's 16.9 per cent and September's 17 per cent recorded growth, data from the Ministry of Finance showed on Sunday.

Australian Stock Market Report - Midday 12/12/2011

At lunch, the Australian sharemarket is gaining for only the second time in five days with the All Ordinaries index (XAO) up 1.3 pct or 55.6 pts to 4319.7. There was no shortage of news out over the weekend including the downgrade of three French banks and yet another European Summit took place in Brussels, Belgium.

Iran Intends to Keep the US Spy Drone Captured

It is unlikely that the United States will recover the spy drone it lost to Iran as the Islamic Republic declared on Sunday that it does intend to give up the 'trophy' it painstakingly won last week.

What Aussies Prioritize: Health over Wealth, Love over Money

Australian consumers had reluctantly spend in the first six months of 2011, making it harder for small to medium businesses to survive and thrive during that semester. Coming in the last weeks of 2011, a survey of more than 1,500 consumers across Australia's states had indicated what are the priorities of consumers during these trying times.

PM Gillard Set to Implement Cabinet Shake-up

Not-so-new and old faces are expected to fill the new composition of Prime Minister Julia Gillard's Cabinet on Monday as reports emerged that the Australian Labor Party leadership plans to implement a reshuffling that would consolidate its position in the immediate months ahead.

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