Iran test fires short-range missile - defence minister

DUBAI Sat Aug 4, 2012 3:05pm IST

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DUBAI Aug 4 (Reuters) - Iran has test fired a fourth-generation Fateh 110 missile with a range of 300 kilometres, the state Islamic Republic News Agency reported on Saturday citing Defence Minister Ahmad Vahidi, who said the test was "successful".

Iran is accused by Western countries of using its nuclear power programme to attempt to build an atomic bomb, a charge Tehran denies.


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.