Rebel News - Independent News and Analysis

Iran's envoy to OPEC says there is no need for the organization to change output targets in the upcoming meeting in Vienna.

”OPEC is expected to insist on the members' quota compliance in the next meeting," Mohammad Ali Khatibi was quoted by SHANA as saying on Sunday.

Iran is ahead of the US as far as the amounts of their pistachio exports are concerned, a senior Iranian official says.

Reza Fotouhi, director general of the Agriculture Ministry's Office for Fruit Affairs noted that Iran's lead comes despite the fact that the Iranian pistachio is more expensive than the US pistachio.

Iran's Saipa Diesel Company has declared that it will unveil the country's "national truck" in the next Iranian year, which begins on March 21.

Ali Malek, the head of the company announced that the new truck will be unveiled by June, Fars news agency reported.

Iran's Civil Aviation Organization (CAO) has declared that the number of its passenger plane fleet has increased to 197, an official says.

The CAO spokesman Reza Jafarzadeh added that the number of Iran's passenger planes will hit 200 when the holidays of the new Iranian year begin (next week), IRNA reported.

Thousands of air passengers have had their travel plans thrown into uncertainty following the announcement of a seven-day strike by British Airways' cabin crew.

Unite Union says the strike will take place over two consecutive weekends this month, for three days beginning on March 20 and for four days from March 27.

The Indonesian government says it plans to resume setting up a joint 600-million-dollar fertilizer factory project in Iran.

“We're currently reestablishing the feasibility study in Iran to continue the plan. It will be a joint-venture with an Iranian company,” said Mustafa Abubakar, the minister for state-owned enterprises, quoted by the Jakarta Globe on Friday.

An official report indicates that the now-defunct US financial services firm Lehman Brothers used misleading accounting ploys to eliminate $50 billion of troubled assets.

The 2,200-page report by a court-appointed examiner explains how executives of the company manipulated their balance sheet to make their finances appear more robust.

An American prosecutor has filed a civil lawsuit against the world's biggest auto maker Toyota, claiming the company committed fraud by hiding the defects in its cars.

Orange County District Attorney Tony Rackauckas says Toyota has known about the defects in its products but intentionally did not disclose them to Californian purchasers.

Russia plans to build 16 nuclear reactors in India as part of a bid to increase bilateral trade up to three-folds.

Russia and India hope to generate a 20-billion-dollar trade turnover over the next five years. Russian Prime Minister Vladimir Putin, who arrived in New Delhi along with a high-ranking delegation on March 12, is to sign more than a dozen multi-billion-dollar arms and energy deals.

Three months after announcing a major data theft from its Swiss branch, the UK-based HSBC Bank has acknowledged that as many as 24,000 customers' information had been stolen.

The chief executive of the Swiss subsidiary offered an apology to clients on Thursday, with an initial statement putting the figure of exposed client data at 15,000, excluding 9,000 people who no longer hold accounts with the bank.