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Daily Dispatches
Join GATA at the Vancouver conference June 17 and 18
Submitted by cpowell on Sun, 2007-05-20 19:44 Section: Daily Dispatches7:45p ET Sunday, May 20, 2007
Dear Friend of GATA and Gold:
GATA will be participating again in the World Gold, Platinum Group Metals, and Diamond Investment Conference in Vancouver, to be held Sunday and Monday, June 17 and 18, at the Vancouver Convention and Exhibition Centre.
China to buy 10% stake in Blackstone while yielding voting rights
Submitted by cpowell on Sun, 2007-05-20 15:10 Section: Daily DispatchesBy Francesco Guerrera
Financial Times, London
Sunday, May 20, 2007
http://www.ft.com/cms/s/4b717f78-06fd-11dc-93e1-000b5df10621.html
NEW YORK -- The Chinese government is to use $3 billion of its vast foreign exchange reserves to buy a 9.9 percent stake in Blackstone, the US buyout fund, in an unprecedented move that underlines Beijing's desire to tap into the private equity boom.
Chinese businesses fear closure if yuan continues rise
Submitted by cpowell on Sun, 2007-05-20 14:16 Section: Daily DispatchesCurrency Dispute Adds
to US-China Strains
Ahead of Washington Talks
By Joe Mcdonald
Associated Press
via Yahoo News
Sunday, May 20, 2007
http://biz.yahoo.com/ap/070519/china_us_trade_tension.html?.v=12
BEIJING -- Shi Xianbin has watched with alarm as China's currency has risen against the U.S. dollar, driving his small textile company to slash prices to stay competitive abroad.
Vietnam allows banks to trade gold via offshore accounts
Submitted by cpowell on Sun, 2007-05-20 14:08 Section: Daily DispatchesFrom Nhan Dan newspaper (Hanoi)
via VietNamNet Bridge
Sunday, May 20, 2007
http://english.vietnamnet.vn/biz/2007/05/696849/
The State Bank of Vietnam (SBV) has given the green light to three more commercial banks to trade gold via accounts based offshore.
To control inflation, Kuwait drops dollar peg
Submitted by cpowell on Sun, 2007-05-20 13:45 Section: Daily DispatchesBy Ulf Laessing
Reuters
Sunday, May 20, 2007
http://www.reuters.com/article/economicNews/idUSL203860120070520
KUWAIT -- Kuwait unshackled its dinar from the tumbling U.S. dollar on Sunday and switched the exchange rate mechanism to a basket of currencies, throwing plans for currency union with other Gulf Arab oil producers into disarray.
Antal Fekete and Doug Noland on the devices of infinite money
Submitted by cpowell on Sun, 2007-05-20 13:20 Section: Daily Dispatches1:15p ET Sunday, May 20, 2007
Dear Friend of GATA and Gold:
More and more of American business is just financial manipulation
Submitted by cpowell on Sat, 2007-05-19 13:33 Section: Daily DispatchesWe Try Harder -- But What's the Point?
By Michael Kinsley
The New York Times
Wednesday, May 16, 2007
http://www.nytimes.com/2007/05/16/opinion/16kinsley.html?ex=1336968000&e...
China preparing to trade U.S. bonds for equities in a big way
Submitted by cpowell on Fri, 2007-05-18 19:43 Section: Daily DispatchesChina to Take $3 Billion Gamble on Blackstone
By Martin Arnold, Richard McGregor,
Francesco Guerrera, and Joanna Chung
Financial Times, London
Friday, May 18, 2007
http://www.ft.com/cms/s/40240410-056d-11dc-b151-000b5df10621.html
Will U.S. let this $11 billion come home via a buyout?
Submitted by cpowell on Fri, 2007-05-18 17:55 Section: Daily DispatchesSaudi Company in Lead to Buy GE Plastics, Source Says
From Reuters
Friday, May 18, 2007
http://www.reuters.com/article/businessNews/idUSN1816946220070518
BOSTON -- Riyadh-based chemicals company Saudi Basic Industries Corp. is in the lead to buy General Electric Co.'s plastics business, a source familiar with the situation said on Friday.
George Cooper: Gold eclipses currencies as inflation hedge
Submitted by cpowell on Fri, 2007-05-18 17:41 Section: Daily Dispatches5:40p ET Friday, May 18, 2007
Dear Friend of GATA and Gold:
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