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IMF aims to boost lending resources by $250 billion: report (Reuters)

Reuters - The International Monetary Fund (IMF) wants to boost its lending resources to $1 trillion from $750 billion in order to prevent future financial crises, the Financial Times said on Monday.

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IMF aims to boost lending resources by $250 billion: report
(Reuters)

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Sanctions-hit Iran fuels oil smuggling in Iraq’s north (AFP)

AFP - The road that leads into Bashmakh is dominated by a snaking line of lorries whose tankers are filled with crude oil products being smuggled into neighbouring Iran in defiance of US sanctions.

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Sanctions-hit Iran fuels oil smuggling in Iraq’s north
(AFP)

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Summary Box: Small spending increase, big debate (AP)

AP - CONSUMERS STILL CAUTIOUS: Consumer spending rose in May, but not by enough to accelerate the recovery. Incomes rose for the sixth time in seven months.

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Summary Box: Small spending increase, big debate
(AP)

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Stocks eye jobs amid economic worries (Reuters)

Reuters - Stock investors will anxiously await the crucial June jobs data this week for clues on how the U.S. economy may weather recent storms that drove Wall Street’s major indexes down for the year.

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Stocks eye jobs amid economic worries
(Reuters)

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Obama welcomes idea of nations cutting deficits (AP)

AP - President Barack Obama on Sunday welcomed an international commitment for rich countries to slash their deficits in half by 2013, despite his earlier warnings against halting stimulus spending too abruptly.

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Obama welcomes idea of nations cutting deficits
(AP)

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‘Growth friendly’ new theme song of world economies (AFP)

AFP - G20 leaders Sunday were singing a new tune — “growth friendly fiscal consolidation” — which in a few short weeks of behind the scenes haggling has become the slogan of the day.

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‘Growth friendly’ new theme song of world economies
(AFP)

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National gas prices rise nearly 5 cents in 2 weeks (AP)

AP - The average price of regular gasoline in the United States has climbed nearly five cents over a two-week period to $2.76.

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National gas prices rise nearly 5 cents in 2 weeks
(AP)

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World leaders seek common ground on crises (AP)

AP - At odds over how to strengthen the global recovery, top world leaders found common ground on foreign policy Saturday, condemning North Korea for the alleged sinking of a South Korean warship and endorsing a five-year exit timetable for Afghanistan

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World leaders seek common ground on crises
(AP)

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Federal regs set to restrain Wall Street risk (AP)

AP - Congressional negotiators struck a deal Friday on the toughest financial regulations since the Great Depression, aiming to rein in Wall Street excess and tighten rules on everything from simple debit card swipes to the most complex securities.

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Federal regs set to restrain Wall Street risk
(AP)

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Pet turtle causes taxiing plane to return to gate (AP)

AP - A caged, 2-inch turtle traveling with a 10-year-old girl caused a crew to turn around a taxiing plane, take the girl and her sisters off the flight and tell them they couldn’t bring their pet along.

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Pet turtle causes taxiing plane to return to gate
(AP)

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