Markets Nosedive
Sensex loses 388 points, Nifty ends below 6,000 on Fed, China concerns
The Nifty posted its biggest percentage fall in a year on Thursday, as the prospect of an end to the U.S. stimulus programme and a weak China manufacturing survey sparked concerns foreign investors would end their recent buying spree. Full Article
Reuters Showcase
Sino-Pakistan Relations
China's Li effusive in praise of Pakistan, but not everyone buys it. Full Article | Related Story
International Booker
Short story writer Lydia Davis wins Man Booker International fiction prize. Full Article
Reuters India Mobile
Get the latest news on the go. Visit Reuters India on your mobile device. Full Coverage
Iran says new U.S. sanctions aimed at creating tension
DUBAI |
DUBAI (Reuters) - Iran's Foreign Ministry said on Friday that U.S. sanctions imposed this week as part of a broader effort to force Tehran to scrap sensitive nuclear work were aimed at "creating tension" in the Islamic state ahead of June presidential elections.
Washington imposed sanctions on Iran's main agency in charge of broadcasting on Wednesday for helping the government censor Western reports, and targeted Iran's oil earnings in an effort to prevent funds being used on its disputed atomic program.
The West believes Iran is seeking to develop nuclear weapons but Iran maintains its nuclear programme is entirely peaceful.
"The new round of sanctions ... are designed to put pressure on the nation and to create a gap between the (Iranian) nation and government," Foreign Ministry spokesman Ramin Mehmanparast was quoted as saying by the semi-official Fars news agency.
"In the remaining time to the (presidential) election, they want to create tension, crisis and instability in the country by imposing great pressure," he added.
Ayatollah Ali Khamenei, Iran's highest authority, on Thursday rebuffed a U.S. offer of direct talks, saying Iran would not be intimidated by pressure or the threat of military action.
(Reporting by Zahra Hosseinian; Editing by Jon Boyle)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints





Follow Reuters