You are here

Daily Dispatches

Venezuela pawns nearly $1 billion in gold reserves

Section: Daily Dispatches

By Blanca Vera Azaf
El Nacional, Caracas
Friday, April 24, 2015
(via Google Translator)

http://www.el-nacional.com/economia/BCV-empeno-oro-reservas-millardo_0_6...

South African gold miners union plans to demand wage hikes of 75%

Section: Daily Dispatches

By Ed Stoddard
Reuters
Thursday, April 23, 2015

JOHANNESBURG, South Africa -- South Africa's National Union of Mineworkers is planning to submit demands to the gold sector next week calling for a 75-percent hike in the basic pay for entry-level workers, according to union sources familiar with the matter.

Sprott said planning unsolicited bid for Canadian metals trusts

Section: Daily Dispatches

By Scott Deveau
Bloomberg News
Thursday, April 23, 2015

Sprott Asset Management LP is planning to make an unsolicited offer to acquire Central GoldTrust and Silver Bullion Trust valued at $800 million, a person with knowledge of the matter said.

Alasdair Macleod: Gold, the SDR, and BRICS

Section: Daily Dispatches

10:53a ET Thursday, April 23, 2015

Dear Friend of GATA and Gold:

Lawrence Williams: Does any nation hold the gold it says it does?

Section: Daily Dispatches

10:39a ET Thursday, April 23, 2015

Dear Friend of GATA and Gold:

Official central bank gold reserve figures as reported to the International Monetary Fund are at best unreliable and at worst active deceptions concealing market interventions, Mineweb's Lawrence Williams acknowledges today.

Deutsche Bank to pay record $2.5 billion to resolve LIBOR rigging

Section: Daily Dispatches

By Shane Strowmatt and Suzi Ring
Bloomberg News
Thursday, April 23, 2015

Deutsche Bank AG today was ordered to pay a record $2.5 billion fine and fire seven employees to settle U.S. and U.K. investigations into its role in manipulating Libor.

Swiss gold exports show Asia buying more as investors sell bars

Section: Daily Dispatches

By Eddie van der Walt
Bloomberg News
Thursday, April 23, 2015

China and India helped buy up investors' biggest gold sales in more than a year.

Deutsche Bank sets aside E1.5 billion as Libor settlement looms

Section: Daily Dispatches

By James Shotter
Financial Times, London
Wednesday, April 22, 2015

Deutsche Bank will take a litigation charge of "approximately E1.5 billion," it said on Wednesday as the German lender nears settlement of claims that it tried to manipulate interbank lending rates.

Chilean regulator seeks new sanctions against Barrick's Pascua-Lama

Section: Daily Dispatches

From Reuters
Wednesday, April 22, 2015

Chile's environmental regulator SMA said on Wednesday it will seek new sanctions against Barrick Gold Corp's massive Pascua-Lama gold and silver project, complicating the possibility that the suspended mine might resume construction.

Flash crash arrest lays bare regulatory lapses at all levels -- starting with CME Group

Section: Daily Dispatches

By Dave Michaels, Matthew Leising, and Sam Mamudi
Bloomberg News
Wednesday, April 22, 2015

CME Group Inc. concluded within four days of the 2010 flash crash that algorithmic trading on futures exchanges didn’t exacerbate losses in the market.

Pages