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Daily Dispatches

Italy explores bilateral Brexit deal with Britain as its own economic crisis nears danger point

Section: Daily Dispatches

By Ambrose Evans-Pritchard
The Telegraph, London
Sunday, February 10, 2019

Italy is drawing up emergency plans to safeguard financial stability and keep trade with the UK flowing even if there is a no-deal Brexit, if necessary through a bilateral deal between Rome and London.

Italy's populist government attacks central bank leaders

Section: Daily Dispatches

By Miles Johnson
Financial Times, London
Sunday, February 10, 2019

ROME -- Italy's coalition government slammed the country's central bank leadership and stock market regulator, escalating its attacks on establishment figures ahead of the European parliamentary vote in May.

Thieves mine catalytic converters for metal more valuable than gold

Section: Daily Dispatches

By David Hodari
The Wall Street Journal
Sunday, February 10, 2019

Soaring palladium prices are inspiring an unusual band of criminals: catalytic converter thieves.

The exhaust-control devices common in most cars contain the silvery white precious metal, whose prices have climbed more than 50 percent since mid-August. Palladium is now more expensive than gold.

How Venezuela turns its useless bank notes into gold

Section: Daily Dispatches

By Corina Pons and Maria Ramirez
Reuters
Sunday, February 10, 2019

EL CALLAO, Venezuela -- Venezuela's most successful financial operations in recent years have not taken place on Wall Street, but in primitive gold-mining camps in the nation's southern reaches.

Federal judge lets traders combine cases accusing JPMorgan of rigging monetary metals markets

Section: Daily Dispatches

By Dawn Giel
CNBC, New York
Thursday, February 7, 2019

A group of traders from across the U.S. who allege that JPMorganChase manipulated precious metals markets for years are one step closer to bringing a class-action suit against the nation's largest bank.

Russia may eliminate gold tax to boost investment at dollar's expense

Section: Daily Dispatches

From Russia Today, Moscow
Friday, February 8, 2019

Russia's Finance Ministry told the Izvestia newspaper it is considering complete abolition of value-added tax on gold purchases. This would give Russian savers an option of investing in gold rather than foreign currencies.

Hong Kong launches new micro-gold trading platform GoldZip

Section: Daily Dispatches

By Enoch Yu
South China Morning Post, Hong Kong
Friday, February 8, 2019

Hong Kong's local gold exchange will introduce in March a new trading platform called GoldZip which will allow investors to trade in units as small as a single gram for HK$300 (US$38), in an effort to raise the appeal of the yellow metal among younger retail investors.

Mysterious Turkish firm helped Maduro move $900 million in gold

Section: Daily Dispatches

From Bloomberg News
Friday, February 8, 2019

Two months after Venezuelan President Nicolas Maduro visited his counterpart Recep Tayyip Erdogan in Ankara, a mysterious company called Sardes sprang into existence.

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