Intense heat prevailing in North, East India

May 31, 2012 9:32 am· Comments Off on Intense heat prevailing in North, East India 

NEW DELHI, May 31 — There was no let up in the intense heat prevailing in northern and eastern parts of India with temperatures remaining above the normal mark at most places.

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Salehi: Tehran ready to send aid to quake victims in Italy

May 31, 2012 9:32 am· Comments Off on Salehi: Tehran ready to send aid to quake victims in Italy 

TEHRAN, May 31 -– Foreign Minister Ali-Akbar Salehi on Wednesday said Tehran is ready to help Italian quake-stricken people.

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Chicago agricultural commodities down with stronger dollar, weather

May 31, 2012 9:32 am· Comments Off on Chicago agricultural commodities down with stronger dollar, weather 

CHICAGO, May 31 — Chicago corn, wheat and soybeans all fell in trading Wednesday, as a stronger U.S. dollar and bearish weather forecasts pressured agricultural commodities.

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"Spanish flu" drags Gulf Arab stock markets down

May 31, 2012 9:32 am· Comments Off on "Spanish flu" drags Gulf Arab stock markets down 

DUBAI, May 31 — New indication that the Euro zone might have to bail out Spain amid its escalating debt crisis pulled down oil prices Wednesday, triggering losses among Gulf Arab equity indexes.

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Nearly 1,000 companies look for business opportunities at Algiers International Fair

May 31, 2012 9:32 am· Comments Off on Nearly 1,000 companies look for business opportunities at Algiers International Fair 

ALGIERS, May 31 — Algiers International Fair (FIA) opened Wednesday at the Exhibition Hall of Pins Maritimes in the east of Algiers, as nearly 1,000 participants, including 600 foreign companies and 370 local ones, are taking part in this fair.

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U.S. needs concrete action for new Asia strategy: expert

May 31, 2012 9:32 am· Comments Off on U.S. needs concrete action for new Asia strategy: expert 

By Lee Chi-dong

WASHINGTON, May 31 — Despite its stated Asia pivot, the Obama administration still lacks "concrete action" to implement its verbal commitments, a Korean pundit said.

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Roundup: U.S. stocks decline on European debt crisis concern

May 31, 2012 9:32 am· Comments Off on Roundup: U.S. stocks decline on European debt crisis concern 

NEW YORK, May 31 — U.S. stocks declined on Wednesday as concerns over European debt crisis continued to weigh on the market.

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Dollar rises on European concerns, weak U.S. home sales

May 31, 2012 9:32 am· Comments Off on Dollar rises on European concerns, weak U.S. home sales 

NEW YORK, May 31 — The U.S. dollar rose against most major currencies in late New York trading on Wednesday, as concerns about the European debt crisis dragged the euro to a near two-year low and weak U.S. pending home sales in April fueled risk-aversion.

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Gold rises on bargain hunting

May 31, 2012 9:32 am· Comments Off on Gold rises on bargain hunting 

CHICAGO, May 31 — Gold futures on the COMEX division of the New York Mercantile Exchange regained some ground on Wednesday, as the low price near midsession captured the interest of bargain hunters looking for a safe-haven asset.

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U.S. stocks slip on continued European concerns

May 31, 2012 9:32 am· Comments Off on U.S. stocks slip on continued European concerns 

NEW YORK, May 31 — United States stocks slipped on Wednesday as concerns over European debt crisis continued to weigh on the market.

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