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...China "will rise faster than in most other major economies and will therefore justify earlier and stronger-than-expected rate hikes," wrote Jun Ma, an economist at Deutsche Bank in Hong Kong, in a September note. Concerns are also mounting that continued loose monetary policy in Asia could fuel dangerous and unstable asset price bubbles, especially in property. There has been some speculation in financial markets that South Korea's central bank could raise interest rates in the coming months to cool a roaring housing market. Frederic Neumann, an economist at HSBC in Hong Kong, says Asian central bankers might...
...should come as no surprise that Iran wants to shunt France out of a deal to enrich its nuclear fuel abroad. Dividing its enemies and isolating the more hawkish among them has been a hallmark of Tehran's diplomacy, and French President Nicolas Sarkozy routinely plays the tough cop with Iran, threatening and goading its leaders and urging U.S. President Barack Obama to take a tougher line. On Tuesday, Iran struck back with a humiliating slap-down, insisting that France butt out of the deal because Tehran could not trust the nation to honor its commitments. Iranian diplomats even delayed...
...need a lot of fuel, and we do not need the presence of many countries," Iranian Foreign Minister Manouchehr Mottaki said, stressing Tehran's desire to work on the deal with the U.S. and Russia. "There is no need for France to be present," he said, adding that Iran believes that France "is not a trustworthy party to provide fuel for Iran...
...conquer diplomacy - although this time there may be incentives for all sides to play the game. The Vienna talks are on the details of an agreement, announced at the Geneva talks on Oct. 1, under which Iran would ship much of its enriched-uranium stockpile abroad for reprocessing to fuel a medical research reactor in Tehran. Together with Iran's agreement to submit its hitherto secret enrichment site at Qum to inspection, the deal offered an important opportunity to strengthen safeguards against Iran's turning its growing stockpile of low-enriched uranium into bomb material. Iran also liked the deal...
...fact entirely innocent of involvement in Sunday's attack, it could nonetheless cast a pall over the nuclear negotiations. Monday's meeting in Vienna to discuss the technical details of a plan to transfer much of Iran's stockpile of enriched uranium for enrichment abroad into harmless fuel rods is unlikely to be affected. But in future talks with the Western powers and Russia and China, Iran could take the bombings as a pretext to change the subject from its nuclear program, putting its own security concerns and accusations against the U.S. on the agenda. Back in Tehran, the attacks...