
The Federal Reserve's monetary stimulus is helping the US economy recover, and the central bank needs to see further signs of traction before taking its foot off the gas, central bank chairman Ben Bernanke said on Wednesday.

Venezuela on Sunday made a rare diplomatic overture to the United States, suggesting it could be time for better ties. Foreign minister Elias Jaua said on Televen Sunday program that we are going to remain open to normalizing relations with the United States.

A single winner in Florida has beaten incredible odds and will take home the entire 590.5 million dollars Powerball jackpot. The lucky ticket was sold at a Publix supermarket in Zephyrhills, Fla., outside of Tampa, according to Florida Lottery executive Cindy O’Connell.

Corn groups from the US, Argentina and Brazil signed a memorandum of understanding this week to form an international alliance of corn producers, collectively called MAIZALL.

A wave of immigrants is set to become the principal driver of US population growth within 30 years, surpassing growth from births for the first time since the mid-1800's, federal government estimates show.

In a decision that drew sighs of relief from the biotechnology industry, the US Supreme Court ruled that an Indiana farmer violated agribusiness company Monsanto Co’s patent for a type of soybean. The court agreed unanimously with Monsanto that Vernon Bowman, 75, had performed an end-run around the law when he used the company’s patented soybean seeds without seeking a licence.

By PM David Cameron - The Wall Street Journal - Britain and America have a proud history of working together to meet the great challenges of the day. Ours is a partnership without parallel, rooted in our values of freedom and enterprise—advancing not just Britain’s and America’s interests but the good of people around the world.

US Treasury Secretary Jack Lew, who was mocked for his loopy signature, has offered a more legible version. His new sign-off, on a recent Treasury report, showed an attempt to lay out the letters more clearly.

The White House announced that Peruvian President Ollanta Humala and Chile’s President Sebastian Piñera will travel to Washington in June and meet with President Barack Obama. The White House also said that Vice President Joe Biden’s next week will visit Brazil and Colombia with a stop in Trinidad and Tobago.

The US economy showed last month why it remains the envy of industrialized nations: in the face of tax increases and federal spending cuts, employers added a solid 165,000 jobs in April, and the unemployment rate dropped to a four-year low of 7.5%.