Gold May Climb as World's Central Banks Slow Sales This Year, Survey Shows

(Bloomberg) -- Gold may gain for a second straight
week on speculation central banks will slow sales of the metal.

Twenty-two of the 32 traders, investors and analysts
surveyed by Bloomberg from Sydney to Chicago on May 31 and June
1 advised buying gold, which rose $15.50, or 2.3 percent, to
$676.90 an ounce last week on the Comex division of the New York
Mercantile Exchange. Two said to sell and eight were neutral.


Read more at Bloomberg Commodities News

No smoking gun yet in Conrad Black fraud trial

(Reuters) - But the prosecution, which wrapped up its case last week,
constructed a solid argument that Black and three co-defendants
at former Chicago-based media giant Hollinger International
Inc. committed a $60 million fraud and abused company perks.




"There were no smoking gun documents. But this is the case
they were dealt and I think the prosecution did a very good
job," said Hugh Totten, an attorney who handles white collar
criminal defense cases and has attended parts of the trial in
U.S. District Court.


Read more at Reuters.com Bonds News

BA will have Iberia ownership guarantee -paper

(Reuters) - British Airways is thought to be keen to postpone a
potential takeover of Iberia while it restructures its own
business and completes its move into Heathrow's Terminal 5, the
paper said.




British Airways said it did not wish to comment.


Read more at Reuters.com Mergers News

UPDATE 1-If it doesn't kill you: Arsenic helps in cancer

(Reuters) - CHICAGO, June 2 - Arsenic, the poison of choice
for many a murder mystery, can significantly extend survival in
patients with a rare form of leukemia, U.S. researchers said on
Saturday.




"It's a much smaller dose than you would use to poison
people," added Dr. Bayard Powell of Wake Forest University
Baptist Medical Center.


Read more at Reuters.com Government Filings News

Bancroft family to meet with Murdoch

(Reuters) - The Journal also reported that Michael Elefante, a partner at the law firm that represents the Bancroft family, has changed his mind about considering selling Dow Jones, the Journal reported.




Elefante now has said the company should consider a sale to Murdoch or another bidder in order for the media company to remain competitive, the Journal reported, citing sources.


Read more at Reuters.com Business News

Zimbabwe targets 25 pct mth/mth inflation by year-end

(Reuters) - Zimbabwe's government has promised to reduce monthly inflation to below 25 percent from the current 100 percent by year-end after signing a price and wage protocol with business and labour to halt a deep recession.

The southern African country is battling its worst economic crisis that has pushed inflation to the world's highest at over 3,700 percent as prices double every month in an economy where unemployment is above 80 percent and poverty levels rising.


Read more at Reuters Africa

US auto sales steady in May after weak spring

(Reuters) - U.S. auto sales steadied in May to show surprising strength in the face of high gas prices and a weak housing market, led by gains for industry leaders General Motors Corp. and Toyota Motor Corp.

Ford Motor Co. posted a 10 percent sales drop as it pulled back from low-margin sales to rental agencies and failed to make up for the lost volume in its U.S. showrooms.


Read more at Reuters Africa