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India Confirms Drought as El Nino Looms

Monsoon rains will not be enough to save the country from its first drought in three years, the weather office said on Thursday as it forecast that the El Nino weather pattern should reduce rains again in the second half of the June to September season.
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Gabby Douglas Wins Gold Medal In 2012 London Olympic Games

American gymnast Gabby Douglas definitely has something to smile about after adding another gold medal to her 2012 London Olympics memorabilia. The Flying Squirrel won her second gold medal after competing in the individual all-around final on day six of the London 2012 Olympic Games on Thursday. She and her Fierce Five teammates brought the United States their first gold medal for gymnastics in the Olympics since 1996.
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Asian Shares Slip After Fed Inaction And Ahead Of ECB Meeting

Asian shares eased Thursday as investors turned increasingly cautious with hopes of stimulus action by central banks fading ahead of a European Central Bank's meeting later in the day and after the U.S. Federal Reserve took no action a day earlier.

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