UNITED STATES

It seems gold is heading for a perfect future as almost all incidents unraveling across the world in April and May months are helping the yellow metal gain. If you take into consideration the recent developments like the Greece debt crisis, Spain and Portugal economic woes, the Euro situation, China's decision to control the realty sector and the May 7 verdict by India's Supreme Court in the Ambani gas row case, all of this have contributed to the further push of gold in global and India markets...

China stands little chance of hitting the government's target of keeping inflation below 3 percent this year, a senior government economist said on Saturday.

Financial reform legislation being debated by the Senate needs to overhaul government involvement in U.S. mortgage finance giants Fannie Mae and Freddie Mac, Senator Richard Shelby, the lead Republican on the Senate Banking Committee, said on Saturday.

Euro zone leaders decided on Friday they have special measures ready before financial markets open on Monday to prevent financial turmoil in Greece spreading to other countries such as Spain and Portugal.

In a week of market turmoil resulting from Greece's fiscal crisis, oil went from an intraday high above $87 on Monday - its highest point in more than a year and a half - to plunge briefly below $75 on Friday. The Greek crisis, exacerbated by a still-unexplained glitch in U.S. stock trading on Thursday that saw the Dow Jones Industrial Average plunge 9% in a matter of minutes before recovering, sent financial speculators scrambling for the sidelines, liquidating their long positions.

President Barack Obama said on Friday that regulators would look for ways to prevent a repeat of Thursday's mysterious stock market meltdown, adding to expectations the U.S. government will make new regulations to curb runaway computer trading.

Warren Buffett's Berkshire Hathaway Inc on Friday reported its largest quarterly profit since 2007, helped by an improving economy, investment and derivative gains, and the takeover of Burlington Northern Santa Fe Corp.

The Group of Seven rich countries is concerned about Greece's debt problems, a Canadian official said on Friday, and hinted that there may be other countries that will also need help.

Euro zone leaders approved emergency loans for Greece on Friday and governments around the world tried to calm financial markets hit by fears that Athens' debt crisis could cause havoc in other European economies.

Stocks turned negative for the year on Friday on fears of another credit crisis stemming from Greece's souring finances and lingering questions about what triggered the previous session's dramatic plunge.

American International Group Inc turned a quarterly profit after a year-ago loss as the bailed-out insurer got a boost from its investments and general insurance operations appeared to stabilize.

Employment grew at the fastest pace in four years in April as businesses ramped up hiring, suggesting the economic recovery was growing less dependent on government support.

Governments around the world tried on Friday to calm financial markets shaken by fears that Greece's debt crisis could cause difficulties for other European economies.

Countrywide Financial Corp, the mortgage lender acquired by Bank of America Corp , has agreed to a $624 million settlement of a lawsuit accusing it of misleading investors about its lending practices.

U.S. stocks fell on Friday as continued fears of a financial meltdown stemming from Greece's debt crisis and lingering questions about what triggered the previous session's dramatic plunge discouraged investors.

Governments around the world sought on Friday to calm financial markets hit by fears that Greece's debt crisis could cause turmoil in other European economies.

U.S. stocks fell on Friday on fears of a financial meltdown stemming from the debt crisis in Greece, but trading was extremely volatile in the aftermath of Thursday's dramatic plunge, keeping investors on edge.

President Barack Obama said U.S. authorities were investigating the cause of a nearly 1,000-point plunge in the Dow Jones industrial average that spooked investors and fueled anger at Wall Street.

A British tax on bank executives' bonuses will cost two of the biggest U.S. banks a combined $1 billion.

Goldman Sachs Group Inc , accused of fraud by the U.S. government, will undertake a rigorous self-examination, its CEO Lloyd Blankfein said at the investment bank's annual shareholder meeting on Friday.

New data showing the economy added 290,000 jobs in April is the strongest sign yet the labor market is healing, but the high unemployment rate is still cause for concern, a senior Obama administration official said on Friday.