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Daily Dispatches
Bank of New York Mellon will settle currency trade case for $714 million
Submitted by cpowell on Thu, 2015-03-19 21:58 Section: Daily DispatchesBy Ben Protess
The New York Times
Thursday, March 19, 2015
Hugo Salinas Price: Greece's currency options go beyond predatory euro and laughable drachma
Submitted by cpowell on Thu, 2015-03-19 00:52 Section: Daily Dispatches12:45p SGT Thursday, March 19, 2015
Dear Friend of GATA and Gold:
Chinese banks won't be part of new gold benchmarking at start, source tells Reuters
Submitted by cpowell on Thu, 2015-03-19 00:36 Section: Daily DispatchesNew Era of Gold Benchmarking to Start with Handful of Pioneers
By Clara Denina
Reuters
Thursday, March 19, 2015
LONDON -- A handful of banks will start setting gold prices electronically on Friday, sources with direct knowledge of the matter said, as Intercontinental Exchange completes a sweeping change to London's bullion benchmarks and dispenses with the century-old gold "fix."
Low rates will trigger civil unrest as central banks lose control, BIS says
Submitted by cpowell on Wed, 2015-03-18 13:06 Section: Daily DispatchesBy Szu Ping Chan
The Telegraph, London
Wednesday, March 18, 2015
Low inflation, bond yields, and interest rates around the world will push the boundaries of economic and political stability to breaking point if they continue on their downward trajectory, the Bank for International Settlements has warned.
U.S. may revoke settlement agreements in currency-rigging probes
Submitted by cpowell on Tue, 2015-03-17 20:03 Section: Daily DispatchesBy David McLaughlin and Tom Schoenberg
Bloomberg News
Tuesday, March 17, 2015
WASHINGTON -- U.S. prosecutors investigating currency manipulation are considering revoking years-old settlements and prosecuting banks for rigging interest rates, according to people familiar with the matter.
Europeans defy U.S. to join China-led development bank; Australia may be next
Submitted by cpowell on Tue, 2015-03-17 01:55 Section: Daily DispatchesBy George Parker, Anne-Sylvaine Chassany, and Geoff Dyer
Financial Times, London
Monday, March 16, 2015
France, Germany, and Italy have all agreed to follow Britain's lead and join a China-led international development bank, according to European officials, delivering a blow to US efforts to keep leading Western countries out of the new institution.
Koos Jansen: Yuan's inclusion in SDRs likely will carry gold with it
Submitted by cpowell on Mon, 2015-03-16 20:04 Section: Daily Dispatches8a SGT Tuesday, March 17, 2015
Dear Friend of GATA and Gold:
Declining U.S. economy doesn't support soaring dollar, Embry tells KWN
Submitted by cpowell on Mon, 2015-03-16 19:51 Section: Daily Dispatches7:45a SGT Tuesday, March 17, 2015
Dear Friend of GATA and Gold:
China seems to be claiming 88 percent of world gold mine production
Submitted by cpowell on Sun, 2015-03-15 00:26 Section: Daily Dispatches11:31a ICT Sunday, March 15, 2015
Dear Friend of GATA and Gold:
U.S. seeks billions from global banks in currency manipulation settlement
Submitted by cpowell on Fri, 2015-03-13 22:33 Section: Daily DispatchesThat is: Nobody rigs our markets but us.
* * *
By Keri Geiger and Greg Farrell
Bloomberg News
Friday, March 13, 2015
NEW YORK -- The U.S. Justice Department is seeking about $1 billion each from global banks being investigated for manipulation of currency markets, according to two people familiar with the talks.
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