Uranium Enrichment News
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Israel’s Prime Minister Benjamin Netanyahu said today that Iran’s nuclear program has not yet crossed the “red line” he set last year as the threshold for risking an Israeli military strike.
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The U.K. will sell part or all of its one-third shareholding in Urenco Ltd., a uranium-enrichment company, after an agreement with its German and Dutch partners.
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Iran countered a proposal intended to address concerns over the Persian Gulf country’s nuclear ambitions by urging world powers to outline their vision for bringing the decade-long dispute to an end.
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Threats of conflict coming from North Korea have increased international scrutiny of untested young dictator Kim Jong Un, as the isolated nation announced today that it will restart a facility capable of expanding the regime’s nuclear arsenal.
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North Korea has displayed a formidable arsenal of rhetoric, threats and symbolic moves in its confrontation with South Korea and the U.S.
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U.S. Secretary of State John Kerry said it would be a “serious step” if North Korea violates its obligations by following through on a threat to restart nuclear facilities shut by a 2007 disarmament accord.
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The won and the Kospi index of shares dropped to their lowest levels in at least a week after North Korea said it will restart its Yongbyon nuclear site, heightening tensions on the peninsula. Government bonds gained.
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North Korea’s decision to restart production of weapons-grade plutonium is credit negative for South Korea because it marks an escalation of tensions beyond rhetoric, Moody’s Investors Service said.
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Stocks rose, sending the Standard & Poor’s 500 Index to a record close, as concern over Europe’s debt crisis eased and U.S. factory orders topped forecasts. Gold fell and Italian and Spanish bond yields slid.
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The following is a selection of the most important news affecting the oil market.
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