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Daily Dispatches
Financial Times: Why Bush should heed Asia''s central bankers
Submitted by cpowell on Mon, 2005-02-28 03:00 Section: Daily DispatchesYellow Metal to be Traded in Paper Form
Business Standard, Mumbai
Tuesday, March 01, 2005
http://www.business-standard.com/smartinvestor/storypage.php?
chklogin=N&autono=182101&lselect=1&leftnm=lmnu6&leftindx=6
The Union finance minister today announced that the Securities
Exchange Board of India (Sebi) and the Reserve Bank of India (RBI)
Citigroup will have fewer employees to rig markets with
Submitted by cpowell on Mon, 2005-02-28 03:00 Section: Daily DispatchesBy Chris Giles, Economics Editor
Financial Times, London
Saturday, February 26, 2005
http://news.ft.com/cms/s/06037bfe-87a1-11d9-ab48-00000e2511c8.html
Remember these names. Toshihiko Fukui. Zhou Xiaochuan. Perng Fai-
Nan. Park Seung. Joseph Yam. And Yaga Venugopal Reddy. They are the
central bank governors of Japan, China, Taiwan, South Korea, Hong
William Pesek Jr.: Is Kafka running Korea''s currency policy?
Submitted by cpowell on Sun, 2005-02-27 03:00 Section: Daily DispatchesExpert View:
Diversification From the East
Could Send the Dollar South
By Bill Robinson
The Independent, London
Sunday, February 27, 2005
The renewed weakness of the dollar last week may be the beginning of
the end of a set of fundamentally unsustainable arrangements that
have nevertheless proved surprisingly durable because they have
suited all the participants rather well.
The weakness of the dollar is usually blamed on the US twin
James Turk: The truth behind the proposal to sell IMF gold
Submitted by cpowell on Sun, 2005-02-27 03:00 Section: Daily DispatchesBy William Pesek Jr.
Bloomberg News Service
Friday, February 25, 2005
http://www.bloomberg.com/news/commentary/wpesek.html
It's THE question in global currency markets: What force of nature
prompted South Korea suddenly to scrap plans to sell dollars?
On Tuesday, the dollar was plunging amid a comment by Asia's No. 3
economy that it would diversify foreign-exchange reserves into other
Australians fear U.S. financial crash that will depress world economy
Submitted by cpowell on Sat, 2005-02-26 03:00 Section: Daily Dispatches8:16p ET Friday, February 25, 2005
Dear Friend of GATA and Gold:
MiningMX has some good stories tonight from
South Africa about Harmony's retreating from
its plans to acquire Gold Fields, DRDGold's
financial trouble, and a report from the World
Jewelry Council about the decline of gold
production to the lowest level in 60 years.
You can find it all here:
Nobody thinks central bank diversification out of dollar is over, trader says
Submitted by cpowell on Sat, 2005-02-26 03:00 Section: Daily DispatchesDavid Uren and Roy Eccleston
The Australian, Sydney
Friday, February 25, 2005
http://www.theaustralian.news.com.au/common/story_page/0,5744,1236420
2%255E601,00.html
Treasurer Peter Costello's closest adviser fears the US is heading
for a devastating financial crash that could ravage Australia's
economic growth.
China says it will act this year on currency convertibility
Submitted by cpowell on Sat, 2005-02-26 03:00 Section: Daily DispatchesBy Vivianne Rodrigues and Jake Lee
Bloomberg News Service
Saturday, February 26, 2005
http://www.bloomberg.com/apps/news?
pid=10000101&sid=aNz8wqTfieBA&refer=japan
The dollar fell against the euro and the yen for a second week on
speculation Asian central banks may slow purchases of U.S. assets
and use other currencies for reserves.
Falling dollar and rising oil are a dangerous mix
Submitted by cpowell on Sat, 2005-02-26 03:00 Section: Daily DispatchesChina Says It Will Move on Yuan in 2005
From Reuters
Saturday, February 26, 2005
http://www.reuters.com/newsArticle.jhtml;jsessionid=HLRPGKO52AI3YCRBA
EKSFEY?type=businessNews&storyID=7746659
BEIJING -- China will gradually open its capital account in 2005,
another step in its plan to make the yuan currency fully
Diversification from the East could send the dollar south
Submitted by cpowell on Sat, 2005-02-26 03:00 Section: Daily DispatchesBy Irwin Stelzer
The Times, London
Sunday, February 27, 2005
http://www.timesonline.co.uk/article/0,,2095-1502209,00.html
Happenings in the two global markets that do not conform to Adam
Smith's model frequently roil free-market economies such as
America's. The foreign-exchange market is dominated by central banks
Most G-7 members favor IMF gold sales, German newspaper says
Submitted by cpowell on Fri, 2005-02-25 03:00 Section: Daily DispatchesFrom Reuters
Wednesday, February 23, 2005
http://www.reuters.com/newsArticle.jhtml?type=topNews&storyID=7720214
NEW YORK -- The head of the International Monetary Fund on Wednesday
urged the United States to put in place policies that will ensure
any fall in the dollar caused by big U.S. trade imbalances will not