UNITED STATES

Netanyahu defies U.S. over Jerusalem settlement

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Prime Minister Benjamin Netanyahu rejected on Monday any curbs on Jewish settlement in and around Jerusalem, defying Washington in Israel's deepening crisis with U.S. President Barack Obama's administration.

U.S. builder confidence slips in March

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U.S. home-builder sentiment fell unexpectedly in March, hit by lack of credit for new projects and a flood of foreclosed properties, the National Associati 536870913 1869488239
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Diamond industry glitters in India

According to a report on Idex Online by CHAIM EVEN-ZOHAR, 2009 was probably the best year in a decade for India's diamond industry. In terms of polished diamond exports, India's $15.16 billion in 2009 was only 1.7 percent below the $15.42 billion of the 2008 calendar year. Measured in polished carats, the volume of exports was actually up some 13 percent, reaching a staggering 51.9 million carats.
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Gold craze may cool down in India

Last week saw gold prices sliding continuously for 8 days in Delhi bullion market, a record of sorts during the past 4 years. This has made people think that the gold prices are cooling down. Gold prices internationally are at $1,100/oz - just a shade below the all time high seen in January 2010. As an asset, gold has given strong returns over the past five years - especially as other assets faltered during the recession. However, with the world economy seemingly on the mend, it may be time for ...
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Iraq's Maliki risks Sunni ire if he shuns Allawi

Iraq's Shi'ite Prime Minister Nuri al-Maliki may get first go at forming a government, early election results show, but Sunnis will fume if he cuts out his secular rival Iyad Allawi, the man most of them voted for.
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Wachovia in talks with U.S. to settle probe: report

Wachovia Bank is in talks with the U.S. Justice Department to settle complaints relating to the alleged failure in bank controls that enabled Mexican exchange houses to launder drug money, the Wall Street Journal said, citing people familiar with the situation.
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Alice leads box office, as Green Zone flops

Alice in Wonderland raced to a $430 million haul at the worldwide box office on Sunday, while Matt Damon's new Iraq war conspiracy thriller Green Zone was one of the year's first big flops.
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China's Wen says U.S. responsible for bad ties

The United States is to blame for strains between Beijing and Washington and should take steps to repair ties, Chinese Premier Wen Jiabao said on Sunday, indicating the two powers have not overcome a recent rough patch.
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Israeli envoy sees historic crisis with U.S.: paper

Israeli-U.S. relations have hit a 35-year low over a West Bank settlement plan that threatens to derail peacemaking efforts with the Palestinians, Israel's envoy to Washington was quoted as saying on Monday.
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U.S. says no explanation yet for Prius California claim

Safety investigators have found no evidence so far to support or disprove a California motorist's claim his Toyota Motor Corp Prius sped out of control on its own, and cautioned the case may never be explained, U.S. regulators said on Monday.
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Facebook to open office in southern India

Popular social-networking site Facebook will open an office in India, joining a long list of international firms that have looked to tap a skilled workforce that provides support services at relatively cheap wages.

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