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Daily Dispatches
Big nations snub Beijing bank launch after US lobbying
Submitted by cpowell on Wed, 2014-10-22 22:03 Section: Daily DispatchesJamil Anderlini
Financial Times, London
Tuesday, October 22, 2014
http://www.ft.com/intl/cms/s/0/41c3c0a0-59cd-11e4-9787-00144feab7de.html
BEIJING -- China will officially launch a new $50 billion Asia Infrastructure Investment Bank on Friday as it steps up its challenge to global financial institutions like the World Bank that it feels are dominated by America and its allies.
Goldcorp chief says Asian buying will support price of gold
Submitted by cpowell on Wed, 2014-10-22 21:50 Section: Daily DispatchesBy James Wilson and Michael Hunter
Financial Times, London
Wednesday, October 22, 2014
Demand from China and other parts of Asia will support the price of gold, the chief executive of one of its largest miners said, as the precious metal traded near its strongest level in six weeks.
Barron interviewed on 'peak gold,' mining costs, and Swiss referendum
Submitted by cpowell on Wed, 2014-10-22 11:27 Section: Daily Dispatches10:24a CT Wednesday, October 22, 2014
Dear Friend of GATA and Gold:
Top bullion consumer China works on first gold forwards, options
Submitted by cpowell on Wed, 2014-10-22 11:02 Section: Daily DispatchesBy A. Ananthalakshmi and Fayen Wong
Reuters
Tuesday, October 21, 2014
The Shanghai Gold Exchange is working on plans for China's first forwards and options in gold, sources say, potentially putting China ahead in the race to set an Asian pricing benchmark that might eventually rival the London gold fix.
Koos Jansen: It's official -- China's gold demand in 2013 was 2,199 tonnes
Submitted by cpowell on Wed, 2014-10-22 10:56 Section: Daily Dispatches10:54a CT Wednesday, October 22, 2014
Dear Friend of GATA and Gold:
Currency wars are back: 'Export your deflation to someone else'
Submitted by cpowell on Wed, 2014-10-22 10:33 Section: Daily DispatchesBy David Goodman, Lucy Meakin, and Ye Xie
Bloomberg News
Wednesday, October 22, 2014
http://www.bloomberg.com/news/2014-10-22/currency-wars-evolve-with-goal-...
Currency wars are back, though this time the goal is to steal inflation, not growth.
James G. Rickards: In the year 2024
Submitted by cpowell on Tue, 2014-10-21 20:08 Section: Daily Dispatches7:06p CT Tuesday, October 21, 2014
Dear Friend of GATA and Gold:
Kinross to sell halted Ecuador gold project to Lundin company
Submitted by cpowell on Tue, 2014-10-21 19:51 Section: Daily DispatchesBy Nicole Mordant
Reuters
Tuesday, October 21, 2014
Kinross Gold Corp has agreed to sell its halted Fruta del Norte gold project in Ecuador to a company belonging to the Swedish-Canadian Lundin family for $240 million, Kinross and the company, Fortress Minerals Corp., said today.
Von Greyerz: Swiss gold referendum aims squarely at market manipulation
Submitted by cpowell on Tue, 2014-10-21 19:26 Section: Daily Dispatches6:24p CT Tuesday, October 21, 2014
Dear Friend of GATA and Gold:
Swiss gold fund manager Egon von Greyerz today comments to King World News about the opinion poll showing strong support for the Swiss gold repatriation referendum proposal.
Forex-rigging fines against banks could reach $41 billion worldwide, Citi report says
Submitted by cpowell on Tue, 2014-10-21 16:37 Section: Daily DispatchesBy Richard Partington
Bloomberg News
Tuesday, October 21, 2014
http://www.bloomberg.com/news/2014-10-20/forex-rigging-fines-could-hit-4...
LONDON -- Probes into allegations that traders rigged foreign-exchange benchmarks could cost banks as much as $41 billion to settle, Citigroup Inc. analysts said.
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