Russia and Iran have removed legal hurdles on on a State loan. According to a latest preliminary accord, Russia will grant a $5-billion loan to Iran.
Japan's Finance Minister Taro Aso threatened to take "necessary" action against yen conflict against U.S. Treasury Secretary Jacob Lew. Taro said that there was no justification for Tokyo to intervene in the country's currency.
A group of surfers said, they were fed up of the Bay Boys' endless harassment and violence. The gang were known for terrorizing beachgoers, especially non-locals on their efforts of chasing them off from the Lunada Bay surfing spot.