UNITED STATES

Rupee Posts First Weekly Gain in 2 Months

Rupee
The rupee weakened on Friday on worsening global risk sentiment, but posted its first weekly gain against the dollar in more than two months as the local currency recovers from oversold conditions.
Asian Markets

Asian Markets Likely To Maintain Gains Next Week

Asian stock markets reported their first weekly gains in six weeks amid hopes that major central banks, including the U.S. Federal Reserve, might act to tackle deteriorating global economic conditions.
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US Trade Deficit Improves In April: Commerce Dept.

Lower U.S. demand for crude oil and petroleum products in April helped shrink the nation's balance-of-trade deficit from the previous month, the Commerce Department said Friday, but the trade deficit with China worsened.
President Barack Obama

Obama 'Offended' By Leak Allegations

As the New York Times continues to defend its coverage of President Barack Obama's terrorist kill list and the White House's cyber strategy against Iran, the president said it was offensive for people to assume or believe one of his aides leaked the top secret information to the press.
 A voter exits a voting booth after casting her ballot in Wilmington

Florida County Supervisors Resist Voter Purge

Florida election supervisors are refusing to go forward with a purge of non-citizen voters from the rolls, removing themselves from an escalating fight between the state and the Obama administration.
Global soybean supplies are down while U.S. exports rise.

Gold, Guns and Gas: Three Ways To Keep Your Money Safe

The world's economies have fallen to their weakest level since the recession officially ended in 2009. German and U.S. bonds actually charge buyers interest rather than pay buyers interest. The euro zone's survival appears at genuine risk and China's red-hot economy, the second-biggest in the world, is not so red hot any more.
Myanmar

Australia Lifts Sanctions Against Myanmar, Increases Foreign Aid

Australia will lift its remaining financial sanctions and travel restrictions against Myanmar, Australian Foreign Minister Bob Carr announced Thursday, citing the southeast Asian country's progress toward democratic reform following decades of military rule.
Iranian flags are pictured on the roof of the presidential office in Tehran

Iran, IAEA Resume Talks On Nuclear Probe

Iran and the International Atomic Energy Agency (IAEA) Friday resumed talks in Vienna, hoping to sort out the differences on conducting investigation into the alleged nuclear weapon program in the Islamic republic.

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