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One kilogram gold bars are seen in this picture illustration

Gold Likely to Hit New Highs This Year

The continuing sovereign debt crisis in the eurozone and S&P?s downgrade of the U.S. credit rating have increased the safe haven demand for gold and the prices have reached new highs. But investors remain skeptical whether there could be further rally in the price.
Gold and platinum Visa cards are displayed in New York

Visa on the Offensive: Analyst

Jefferies recently met with Visa Inc. (NYSE: V) management and felt the sessions were upbeat in terms of Visa's competitive positioning, product strategy, post-Durbin initiatives, business model resiliency (regardless of macro climate), and robust, highly visible EPS growth.
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Mike Rodgers of the U.S. looks up after winning the men's 100m run event at the Reebok Grand Prix athletics meet in New York

U.S. Sprinter Rodgers Fails Drug Test

Former U.S. 100 meters champion Mike Rodgers has tested positive for a banned stimulant, putting his world championship hopes in jeopardy, his agent said on Saturday.
Williams of the US pretends to use the trophy as a tennis racket after defeating Stosur of Australia during their finals match at the Rogers Cup women's tennis tournament in Toronto

Big-serving Serena Williams captures Toronto Cup

Serena Williams won her second straight tournament and proved her mettle ahead of the U.S. Open with a convincing 6-4 6-2 win over Australia's Samantha Stosur in the Toronto Cup final on Sunday.
100 dollar bank notes and 10,000 yen notes.

Japan on Cusp of Recovery after Q2, but Yen Clouds Outlook

Japan's economy shrank much less than expected in the second quarter as companies made strides in restoring output after the devastating earthquake in March, but a soaring yen and slowing global growth cloud the prospects for a sustained recovery.
Franco and Pinto pose at the premiere of "Rise of the Planet of the Apes" at the Grauman's Chinese theatre in Hollywood

"Apes" Hangs on to Domestic Box Office Lead

Nothing could stop angry apes from tearing through the domestic weekend box office as "Rise of the Planet of the Apes" took the lead with an estimated $27.5 million in U.S. and Canadian ticket sales plus $40.5 million internationally.
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'Apes' hangs on to domestic box office lead

Nothing could stop angry apes from tearing through the domestic weekend box office as "Rise of the Planet of the Apes" took the lead with an estimated $27.5 million in U.S. and Canadian ticket sales plus $40.5 million internationally.
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Pakistan Let China See Crashed U.S. "Stealth" Copter

Pakistan gave China access to the previously unknown U.S. "stealth" helicopter that crashed during the commando raid that killed Osama bin Laden in May despite explicit requests from the CIA not to, the Financial Times reported on Sunday.
Chinese companies on a Foreign Foray

Stocks Bounce on U.S. Cues; Sentiment Wary

Asian equities bounced on Monday and safe-haven assets like gold and the Swiss franc fell as market players cautiously returned to pick up bargains after last's week wild ride, though concerns over the weak global economic outlook may keep gains in check.
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Instant view: Japan Q2 GDP shrinks less than forecast

Japan's economy contracted at a slower pace than expected in the second quarter as output and exports recovered from the devastating earthquake in March, but a soaring yen and slowing global growth clouds the outlook.
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Japan at cusp of recovery in Q2; yen clouds outlook

Japan's economy shrank much less than expected in the second quarter as companies made strides in restoring output after the devastating earthquake in March, but a soaring yen and slowing global growth cloud the prospects for a sustained recovery.
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Japan economy shrinks less than forecast; yen clouds outlook

Japan's economy contracted at a slower pace than expected in the second quarter as output and exports recovered from the deadly earthquake in March, but a soaring yen and slowing global growth cloud the outlook for an economy emerging from recession.
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China Bright Food to buy Manassen for over $516 million

China's state-owned Bright Food Group has agreed to buy Australian branded food business Manassen Foods, giving it an enterprise value of over A$500 million ($516 million), a person with direct knowledge of the matter told Reuters on Sunday.
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Markets heading to new danger zone: Zoellick

The loss of market confidence in economic leadership in key countries like the United States and Europe coupled with a fragile economic recovery have pushed markets into a new danger zone, something that policymakers have to take seriously, the head of the World Bank said on Sunday.
U.S. Economy and Stock Market

U.S. Economy and Stock Market: Where Do We Go From Here?

Did last week?s wild stock market swings make you concerned that your 401K will soon turn into a ?201K? ? Then it sounds like it?s a good time to get an assessment of the U.S. economy from two respected economists, Paul Krugman and Irwin Kellner.

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