Iran Blast Report Shocks World Markets
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Iranian state television sent ripples  through world financial markets on Wednesday after it reported  a powerful explosion near the town of Dailam, about 100 miles  from the oil state's only nuclear power plant.
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U.S. stocks dropped on Thursday as an assassination in Pakistan sparked fears of global unrest, while an analyst warning of larger mortgage-related write-offs pressured financial shares.
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European stocks might drop, paced by consumer and travel-related shares, after a blast in Jakarta killed four people, heightening concern about terrorism.
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Oil prices rose more than half a   percent on Thursday as Iran looked set to defy the United   Nations' deadline for halting nuclear enrichment, raising the   risk of sanctions against the world's fourth-biggest exporter.
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Confronted by mounting U.S. and U.N. pressure, Iran has been steadily shifting its trade from West to East and, with the benefit of record high oil prices, is likely to be able to withstand the new U.S. sanctions, according to U.S., European and Iranian analysts.
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Iran's decision to raise gasoline prices has thrown new light on one of its most entrenched problems &#151; the danger a vulnerable, subsidized economy poses for a country under international pressure over its nuclear program.
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The Tehran Stock Exchange has performed magnificently, but the market's list of risks is outsized.
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Market-focused Wall Street banks explode.
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A tense encounter with Iran and lingering concerns about weak job data keep U.S. stocks down.
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Iranian television sent waves through  world financial markets on Wednesday when it reported an  explosion along the coast from Iran's only nuclear plant, but  officials calmed fears saying the blast was part of  construction work.
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World stocks fell sharply on Monday, battered by fears of U.S. recession and investor disappointment about a fiscal rescue plan promoted by the U.S. administration.
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Fear was back on global stock markets last week as investors worried about the financial and trade imbalances that have built up during years of strong growth for the world economy.
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Investors worldwide are assessing a U.S. recession, the third round of bad news to come from the worldâs largest economy since the onset of global financial turmoil in August.
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Steep losses in global stock markets accelerated in Asia and Europe on Wednesday as Wall St recorded its biggest drop since the September 11, 2001 attacks on the United States and as volatility measures skyrocketed.
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The armed attack on the US consulate in the Saudi port of Jeddah served to fan investorsâ anxiety that terrorism in the worldâs largest oil producer could disrupt shipments.
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Investor's Business Daily - Iran: Sanctions alone will not stop Tehran's Islamofascist regime from building a nuclear weapon -- so warns a new European Union report. Why in the world did it take them so long to face up to the obvious?
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A federal judge yesterday ordered Iran to pay more than $2.6 billion to nearly 1,000 family members and a handful of survivors of a 1983 bombing of a Marine barracks in Lebanon that killed 241 soldiers. The ruling brought cheers and tears from survivors but faces long odds of being fulfilled.