You are here
Daily Dispatches
Some Deutsche Bank clients reduce collateral on trades
Submitted by cpowell on Thu, 2016-09-29 16:26 Section: Daily DispatchesBy William Canny
Bloomberg News
Thursday, September 29, 2016
Amid mounting concern about Deutsche Bank's ability to withstand pending legal penalties, about 10 hedge funds that do business with the German lender have moved to reduce their financial exposure. The shares slumped.
Alasdair Macleod: America is on a slippery slope
Submitted by cpowell on Thu, 2016-09-29 16:04 Section: Daily Dispatches4:05p ET Thursday, September 29, 2016
Dear Friend of GATA and Gold:
The decline of the American empire, GoldMoney research director Alasdair Macleod writes today, will increase the strategic necessity of gold and the risk of war. Macleod's commentary is headlined "America is on a Slippery Slope" and it's posted at GoldMoney here:
Yellen says Fed could buy stocks if Congress authorized it
Submitted by cpowell on Thu, 2016-09-29 13:20 Section: Daily DispatchesFrom ETF Daily News, Coronado, California
Thursday, September 29, 2016
For the first time the Federal Reserve has openly spoken about expanding its monetary policy toolbox to include the purchase of stocks -- not just bonds and mortgage securities -- and the implications could be huge.
Gold deal making heating up as Kirkland Lake swallows Newmarket
Submitted by cpowell on Thu, 2016-09-29 13:11 Section: Daily DispatchesBy Danielle Bochove
Bloomberg News
Thursday, September 29, 2016
A proposed merger between two Canada-based gold miners is the latest example of consolidation in an industry that remains under pressure to cut costs, even as stronger gold prices smooth the way for deal-making.
Russian central bank buys gold because it can do it with depreciating rubles
Submitted by cpowell on Thu, 2016-09-29 13:06 Section: Daily DispatchesRussia's Adding Another 200 Tons of Gold to Its Treasury and Here's Why
From Sputnik News, Moscow
Thursday, September 29, 2016
Another German bank in trouble: Commerzbank to cut 9,600 jobs, suspend dividend
Submitted by cpowell on Thu, 2016-09-29 08:31 Section: Daily DispatchesBy Marion Dakers
The Telegraph, London
Thursday, September 29, 2016
Commerzbank, the second-biggest bank in Germany, has suspended its dividend and revealed more than 9,000 job losses as it tries to shore up its business in the face of ultra-low interest rates and sagging client activity.
Russian central bank can't explain why it keeps buying gold
Submitted by cpowell on Thu, 2016-09-29 08:20 Section: Daily DispatchesRussian Central Bank Says It Has No Aim to Raise Gold's Share in Reserves
By Yelena Fabrichnaya, Lidia Kelly, and Maria Kiselyova
Reuters
Wednesday, September 28, 2016
http://www.reuters.com/article/russia-cenbank-gold-reserves-idUSR4N1BY01U
Koos Jansen: How constant is gold's purchasing power?
Submitted by cpowell on Wed, 2016-09-28 11:00 Section: Daily Dispatches11a ET Wednesday, September 28, 2016
Dear Friend of GATA and Gold:
Gold miner Petropavlovsk turns first profit since 2012
Submitted by cpowell on Wed, 2016-09-28 08:25 Section: Daily DispatchesBy Jon Yeomans
The Telegraph, London
Wednesday, September 28, 2016
Russia-based gold miner Petropavlovsk has posted its first profit since 2012, as it looks to move on from a torrid few years.
Shandong Gold said to be top bidder for $2 billion Glencore mine
Submitted by cpowell on Wed, 2016-09-28 00:06 Section: Daily DispatchesBy Dinesh Nair and Vinicy Chan
Bloomberg News
Tuesday, September 27, 2016
China's Shandong Gold Mining Co. has emerged as the lead bidder for Glencore's gold mine in Kazakhstan, which may fetch about $2 billion in a sale, according to people familiar with the matter.
Pages
