Aaron's Daily WWW Newspaper

TEHRAN (Reuters) - Iran warned the West on Sunday any move to block its oil exports would more than double crude prices with devastating consequences on a fragile global economy. "As soon as such an issue is raised seriously the oil price would soar to above $250 a barrel," Foreign Ministry spokesman Ramin Mehmanparast …

VIENNA (Reuters) - Austrian Chancellor Werner Faymann backs changes to the European Union treaty that would create a political and economic powerhouse even at the cost of relinquishing some national sovereignty, he told a Sunday newspaper. The Social Democrat told Kurier he also saw room for the European Central Bank to …

SHANGHAI (Reuters) - China said it was "deeply concerned" about a preliminary ruling by a U.S. trade body that trade practices by Chinese solar makers are hurting U.S. producers and said the decision underscored a U.S. "inclination to trade protectionism." Such protectionism measures would hurt bilateral trade and jeopardize …

Dec 3 - Germany's SAP announced a $3.4 billion cash deal to buy U.S. web-based software company SuccessFactors, joining the scramble among technology firms to offer cloud-computing services to businesses. SAP said on Saturday it would pay $40 per share for SuccessFactors, a premium of 52 percent over both its Friday closing …

MUMBAI (Reuters) - India has put a plan to open up its retail industry to foreign supermarkets on hold, a senior government source said on Sunday, an embarrassing turnaround for a beleaguered government fighting to retain the support of key allies. The move to allow global giants such as Wal-Mart into India's $450 billion …

SYDNEY (Reuters) - Rio Tinto chief executive Tom Albanese said an "aggressive" stance by unions, high labor costs and a potential downturn in world prices threaten plans for vast expansion of its key Australian iron ore operations. Albanese also said that he would lobby Canada to ensure the Anglo-Australian miner was the …

Australia's ruling party voted Sunday to overturn a long-standing ban on exporting uranium to India, despite fierce opposition from critics who argued such sales are unsafe because India has not signed the Nuclear Nonproliferation Treaty.

Premier Mario Monti briefed political leaders Saturday on his package of austerity and economic growth measures ahead of a critical week of Italian and European decision-making to confront the continent's debt crisis.

The coming year-end spending spree after so much debate over budget deficits shows just how hard it is to stem the government's flow of red ink.

President Barack Obama wants voters to get involved in the debate over extending the reduced payroll tax and he's asking them to tell members of Congress to keep the cut in place.

Leaders from across Latin America and the Caribbean pledged closer ties to safeguard their economies from the world financial crisis as they formed a new bloc on Saturday including every nation in the hemisphere except the U.S. and Canada.

SAP said Saturday it is paying $3.4 billion to acquire SuccessFactors, a software company specializing in human resources tasks. It is the latest move in the escalating rivalry between SAP and Oracle Corp., and underscores the increased interest in technology companies that deliver software over the Internet, or in the …

The unemployment rate, which has refused to budge from the 9 percent neighborhood for two and a half frustrating years, fell sharply in November, driven in part by small businesses that finally see reason to hope and hire.

A congressional panel has voted to subpoena former Sen. Jon Corzine to testify next Thursday about his role leading MF Global, a brokerage firm that collapsed this fall after a disastrous bet on European debt.

Airlines may defy the law of gravity, but they can't ignore math.

Tobacco company Philip Morris USA Inc. must pay Oregon 60 percent of a $79.5 million award in a long-running lawsuit filed by the family of a Portland smoker, the state Supreme Court ruled Friday.

CAIRO (Reuters) - Egypt's central bank sold 5.125 billion Egyptian pounds in domestic treasury bills on Sunday, paring 375 million pounds from the amount it had offered, Egypt's Finance Ministry said. The central bank sold 2 billion pounds of 91-day T-bills, the same amount it had offered, on behalf of the ministry. The …

PARIS (Reuters) - The euro zone faces a crucial week that could go a long way to determining its future, with financial markets on tenterhooks after a deteriorating two-year sovereign debt crisis. Following is a breakdown of the key events up to and including a December 9 European Union summit increasingly seen by investors …