Report: Iran test-fires five powerful missiles

Iran has test-fired five powerful missiles as part of its ongoing military drills. The testing took place in the Persian Gulf and the Strait of Hormuz.

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Iran says to consider processing nuclear fuel abroad

Iranian Foreign Minister Manouchehr Mottaki said here on Sunday that Iran is willing to consider enriching uranium in other countries as suggested by the International Atomic Energy Agency (IAEA).

Afghan gov´t chalks out new security plan for Kandahar

After over a dozen people, mainly civilians and local officials, have lost their lives in series of militants´ attacks over the past couple of weeks in Taliban birthplace Kandahar, south of Afghanistan the government has chalked out a new security plan to ensure security there, Waheed Omar, the chief spokesman of President Hamid Karzai said on Sunday.

Iran calls for regional collective security treaty

An Iranian lawmaker on Sunday called for a collective security treaty among Middle East countries, local satellite Press TV reported.

News Analysis: U.S. ups Mideast diplomatic activity

U.S. special envoy to the Middle East George Mitchell was making his way back to Washington on Sunday after three days of meetings with Palestinian and Israeli leaders.

IMF calls for country-specific exits from stimulus, pledges to speed up reform

The International Monetary Fund´s policy-steering body, the International Monetary and Financial Committee (IMFC) Saturday called for the implementation of country-specific exits from stimulus, and pledged to deliver on the long-expected quota and governance reform.

Turkey, Bosnia, Serbia expect Balkan countries to united under EU banner

Leaders of Turkey, Bosnia and Serbia Saturday expressed their hope that the Balkan countries would unite under the EU banner in the near future.

Tornado death in U.S. state of Mississippi climbs to seven

The death toll of a tornado touched down earlier Saturday in southern U.S. state of Mississippi has climbed to seven, officials said.

Russia pledges objective investigation into Polish air crash

Russia would spare no efforts in drawing an objective conclusion soon for the probe into the tragic Smolensk air crash that claimed lives of Polish presidential couple and dozens of other senior officials, said Russian Deputy Prime Minister Sergei Ivanov here Saturday.

World economy now in phase of rebuilding: IMF chief

The chief of International Monetary Fund (IMF) said on Saturday that the world economy is now in the phase of rebuilding and all countries should implement financial reform in a coordinated way.

IMF committee vows to strengthen financial regulation

The International Monetary Fund (IMF)´s policy-steering committee on Saturday pledged to redouble efforts to strengthen financial regulation.

Iran FM meets IAEA chief on nuclear fuel offer

Iran´s foreign minister, Manouchehr Mottaki, has met the UN atomic watchdog chief to discuss a stalled nuclear fuel offer.

Developing nations get more say in World Bank

World Bank member countries reached an agreement on Sunday to shift more decision-making power to emerging and developing nations at the IMF-WORLD BANK Spring Meetings in Washington.

Palestinians clash with Jewish settlers

Clashes broke out between Israeli security forces and Palestinians in East Jerusalem during a right-wing Jewish march.

Red Shirts continue to protest in Thailand

Anti-government protesters in Thailand have vowed to fight until victory after the breakdown of negotiations with the government.

Greece FM: Talks on IMF rescue to end soon

The Greek Finance Minister says his country´s negotiations with the IMF for a 15-billion-euro rescue are progressing smoothly and should wrap up soon.

World Bank members agree to general capital increase

In addition, World Bank members agreed to a general capital increase of 3 and a half billion US dollars.

Financial leaders meet in Washington for global recovery

During the annual International Monetary Fund and World Bank meetings in Washington, the IMF´s policy-steering committee has vowed to strengthen financial regulation.

Thai PM rejects protesters´ proposal

Red-Shirt protesters in Bangkok, Thailand have pulled out of negotiations with the government, dashing hopes for an imminent resolution to the country´s political crisis.

Greece, IMF race to secure rescue funds

Greek authorities and top world finance officials have been racing to get rescue funds to the debt-stricken country.

Abbas calls for full Palestinian Statehood

Palestinian President Mahmoud Abbas says he rejects the establishment of an independent Palestinian state with temporary borders.

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