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North Korea

North Korea's Satellite Launch Preparations Complete

North Korea stated Tuesday that preparations for the Unha-3 rocket, which would carry its first satellite into space, had been completed and that it was now assembled and ready for launch. The White House said it was a ballistic missile in disguise.
Iranian President Mahmoud Ahmadinejad

Iran Dismisses Sanctions Ahead Of Nuclear Talks

The United States is hoping that new sanctions targeting Iran's central bank and its oil industry will pressure the Islamic Republic to stop enriching uranium, but Iran is defiant, claiming that it can withstand any oil embargo for two or three years.
U.S. retail sales continue to show strength amid doubts about the overall economy

US Retail Sales Continue To Show Strength

Same-store sales rose 0.5 percent from the previous week and 4.5 percent year on year, the International Council of Shopping Centers and Goldman Sachs reported. Redbook Research said same-store sales were up 0.8 percent from March and 4.1 percent from April 2011.
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Household debt casts long economic shadow: IMF

Housing busts and recessions are more severe and last for at least five years when they follow a big run-up in household debt, according to a study released on Tuesday by the International Monetary Fund.
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Best Buy CEO out; retailer hit by market change

Best Buy Co said Chief Executive Brian Dunn has resigned from the world's largest consumer electronics chain, which has struggled against stepped-up competition from internet retailers and discounters.
Detour Lake Gold Mine

Gold Prices Steady, Early Gains Surrendered

Gold steadied on Tuesday, surrendering earlier gains as a rally sparked by expectations that a sluggish U.S. employment market could fuel further monetary easing ran out of steam in the face of a firming dollar and easing appetite for risk.
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Wall Street set to cap string of losses

Wall Street stock indexes were mixed, pointing to a flat open on Tuesday as S&P 500 futures found support near their 50-day moving average, following four days of losses on the benchmark index.
China

China Unexpectedly Swings To Trade Surplus in March

China posted a surprising trade surplus in March, reversing a hefty deficit in February, but the underlying data indicated that its domestic economy seems to be losing steam, while exports were still weak as the European economy falters.
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Economic Momentum Regained In Most Major Countries: OECD

The think tank's composite leading indicators for February showed strong signs of regained momentum in the U.S. and Japanese economies, while Brazil, India, Russia and China showed positive signals compared with the previous month's assessment.

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