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Daily Dispatches
Deutsche Bank sets aside E1.5 billion as Libor settlement looms
Submitted by cpowell on Wed, 2015-04-22 20:07 Section: Daily DispatchesBy 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
Submitted by cpowell on Wed, 2015-04-22 20:02 Section: Daily DispatchesFrom 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
Submitted by cpowell on Wed, 2015-04-22 19:59 Section: Daily DispatchesBy 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.
Swiss central bank reduces exemptions from negative interest rates
Submitted by cpowell on Wed, 2015-04-22 10:23 Section: Daily DispatchesBy Alice Baghdjian and Joshua Franklin
Reuters
Wednesday, April 22, 2015
ZURICH, Switzerland -- The Swiss National Bank said today it was considerably reducing the number of institutions exempt from negative rates on their cash deposits held at the central bank.
Book tells of Germany's foreign-vaulted gold and the campaign to bring it home
Submitted by cpowell on Tue, 2015-04-21 15:06 Section: Daily Dispatches3p ET Tuesday, April 21, 2015
Dear Friend of GATA and Gold:
A book chronicling the German gold repatriation campaign, written by its leader, Peter Boehringer, has just been published. It's titled "Holt Unser Gold Heim: Der Kampf um das Deutsche Staatsgold," which is roughly "Bring Our Gold Home: The Struggle over the German State's Gold."
Apartments, art store wealth better than gold now, BlackRock chairman says
Submitted by cpowell on Tue, 2015-04-21 10:48 Section: Daily DispatchesIf only someone had asked him why. But that would have required actual journalism.
* * *
By Jonathan Burgos and Netty Idayu Ismail
Bloomberg News
Tuesday, April 21, 2015
Gold's traditional role as a store of wealth has been usurped by contemporary art and apartments in cities such as New York and London, according to Laurence D. Fink, head of the world's biggest asset manager.
Fed still wants easy money and any rate increases will be trivial
Submitted by cpowell on Tue, 2015-04-21 10:32 Section: Daily DispatchesBy Steve Matthews and Jeanna Smialek
Bloomberg News
Tuesday, April 21, 2015
Janet Yellen wants you to know that while the era of zero rates may be drawing to a close, money will stay cheap for a long time to come.
Rome forum on Chinese currency's status overlapped Washington forum
Submitted by cpowell on Tue, 2015-04-21 10:24 Section: Daily Dispatches10:23a ET Tuesday, April 21, 2015
Dear Friend of GATA and Gold:
Last week's private meeting in Washington called by the Official Monetary and Financial Institutions Forum and the World Gold Council to discuss the internationalization of the Chinese currency --
Indian gold imports may rise 89 percent in April, jewellers group says
Submitted by cpowell on Mon, 2015-04-20 13:29 Section: Daily DispatchesBy the Press Trust of India
via The Times of India, Mumbai
Monday, April 20, 2015
MUMBAI -- India's gold imports are likely to rise more than 89 percent at 100 tonnes this month compared with last year, mainly due to weakness in international prices and easing of restrictions by the Reserve Bank of India, an industry body said.
Mystery of China's gold stash may soon be solved at IMF
Submitted by cpowell on Mon, 2015-04-20 13:23 Section: Daily DispatchesBy Jasmine Ng, Joseph Deaux, and Eddie Van Der Walt
Bloomberg News
Monday, April 20, 2015
China's push to challenge U.S. dominance in global trade and finance may involve gold -- a lot of gold.
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