Volcker Holds Onto UN Oil-For-Food Papers, for Now
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The head of an independent panel investigating alleged corruption in the now-defunct U.N. oil-for-food program for Iraq rejected on Tuesday a request to immediately turn over evidence that he has gathered to U.S. congressional investigators.
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UN Secretary General Kofi Annan said yesterday corruption allegations in the Iraqi oil-for-food program had cast a shadow over the United Nations but said again he would not resign as the world's top diplomat. To meet criticism in the Republican-dominated US Congress that the United Nations was withholding documents, Annan said a UN probe led by Paul Volcker, the former ...
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Oil prices held firm on Monday, clinging to gains made in the last week as the key heating oil consuming region of the U.S. Northeast braced for a cold snap that could test low winter fuel supplies.
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The Organization of Petroleum Exporting Countries, OPEC, will maintain the oil prices reference band unchanged in the coming meeting scheduled for September 15 in Vienna, said Purnomo Yusgiantoro, OPECâs president.
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Oil prices held steady on Wednesday  as traders awaited key inventory data in the United States, the  world's biggest energy consumer, and a fresh outlook on the  U.S. economy from the Federal Reserve.
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A primer on the oil-for-food accusations
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Lobbyists and members of Congress have managed to hold off the enforcement of a five-year-old law that required country-of-origin labeling on meat, fish and produce.
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A key OPEC committee has recommended that the cartel agree to keep current oil output quotas unchanged. It urges, however, that a meeting be held in February to review the market situation.
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The United Nations' world food body  outlined steps on Monday meant to help the world's poorest  nations combat soaring food prices, including a new voucher  program for farmers and a review of food-guzzling biofuels.
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UNITED NATIONS -- Benon Sevan, the official accused of improperly receiving lucrative rights to purchase oil from Saddam Hussein's government while he was running the U.N. oil-for-food program in Iraq, discouraged his staff from probing allegations of corruption and helped block efforts by the U.N. anti-corruption unit to assess where the program was vulnerable to abuse, according to senior U.N. officials.
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(c) Son of UN Secretary General Kofi Annan accused of profiting from UN Oil-for-Food scandal until early this year. (d) US Senator urges Kofi Annan to resign after his committee discovers that the UN&#39;s Oil
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Secretary-General Kofi Annan on Wednesday said the United Nations will use &#36;30 million in revenue from the U.N. oil-for-food program for Iraq to pay the initial bill for the independent investigation of corruption allegations in the program.
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Already embattled with his ties to the Iraqi Oil for Food scandal, and what some term as the 'Food for Sex' scandal, Kofi Annan has dodged the latest bullet. Well, dodged only in the sense that specific allegations against him was removed at the last minute before passing.    The UN staff union passed a resolution sharply critical of the world body's senior management but expressed support for beleaguered Secretary General Kofi Annan.    An earlier draft of the resolution had strongly worded language about no confidence in senior staff of the United Nations, which has been buffeted by scandals over the past few months.
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New Delhi: Prices of petrol, diesel and kerosene will remain unchanged for another fortnight as the Government on Sunday directed oil companies to put on hold any plans for the price hike.
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The Bush administration made clear on Thursday it would not take a position on whether UN Secretary General Kofi Annan should resign as it awaited the results of an investigation into the UN oil-for-food scandal.
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No. 1 exporter pledges to hold production levels but is wary of boosting quotas and glutting market. VIENNA  - OPEC is keeping its foot on the production pedal in a bid to drag down oil prices, but
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NEW YORK - The US Justice Department criminal probe into the UN Oil-for-Food program is focusing on several individuals, among them UN Secretary-General Kofi Annan&#39;s son.