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Daily Dispatches
FX market-rigging banks pay more fines, this time to Switzerland
Submitted by cpowell on Fri, 2019-06-07 10:27 Section: Daily DispatchesBy Hugo Miller and Stefania Spezzati
Bloomberg News
Thursday, June 6, 2019
Citigroup and Barclays are among global banks fined a total of 90 million Swiss francs ($91 million) by Switzerland's competition regulator for their roles in colluding on foreign-exchange rates.
Ambrose Evans-Pritchard: Deflation alert in Europe as markets lose faith in 'powerless' ECB
Submitted by cpowell on Thu, 2019-06-06 19:47 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Thursday, June 6, 2019
https://www.telegraph.co.uk/business/2019/06/06/deflation-alert-europe-m...
Sanctions caused Deutsche Bank, Citibank to foreclose on Venezuelan gold, Reuters says
Submitted by cpowell on Thu, 2019-06-06 19:13 Section: Daily DispatchesVenezuela Loses $1.4 Billion of Gold to Banks for Guarantees, Sources Tell Reuters
By Corina Pons and Mayela Armas
Reuters
Thursday, June 6, 2019
Agnico-Eagle may fly gold from Mexico to avoid Trump's tariffs
Submitted by cpowell on Thu, 2019-06-06 11:52 Section: Daily DispatchesBy Danielle Bochove
Bloomberg News
Thursday, June 6, 2019
If push comes to shove, one of the world's largest gold miners is prepared to do an end run around the U.S. should President Donald Trump's threatened tariffs on Mexican goods bite.
Despite Russia's ties to China, Russian banks will sell rubles only for dollars, not yuan
Submitted by cpowell on Wed, 2019-06-05 11:40 Section: Daily DispatchesChina, Russia Urged to Continue Efforts to Defang U.S.-dollar Sanctions Weapon
By Laura Zhou
South China Morning Post, Hong Kong
Wednesday, June 5, 2019
Italy revives 'alternative currency' proposal
Submitted by cpowell on Wed, 2019-06-05 08:59 Section: Daily DispatchesBy Davide Ghiglione and Valentina Romei
Financial Times, London
Wednesday, June 5, 2019
Debate is growing in Italy about the suggestion that a new domestic currency could be introduced by the government to pay its debts -- and the possibility that Rome's Eurosceptic coalition might use it to facilitate the nation's departure from the euro.
Craig Hemke at Sprott Money: Fed policy reversal is imminent
Submitted by cpowell on Tue, 2019-06-04 21:22 Section: Daily Dispatches9:21p ET Tuesday, June 4, 2019
Dear Friend of GATA and Gold:
China looks beyond U.S. Treasuries for dollar investments
Submitted by cpowell on Tue, 2019-06-04 21:09 Section: Daily DispatchesBy Abhinav Ramnarayan, Virginia Furness
Reuters
Tuesday, June 4, 2019
LONDON -- China may be expanding its investments beyond U.S. Treasuries into debt issued by top-rated European and other government agencies, allowing it to keep its money in dollar assets while picking up some extra yield, bankers with knowledge of the matter say.
India's gold imports in May jumped 49% on festive demand
Submitted by cpowell on Tue, 2019-06-04 21:03 Section: Daily DispatchesBy Aftab Ahmed and Rajendra Jadhav
Reuters
Tuesday, June 4, 2019
India's gold imports in May jumped 49 percent from a year earlier to 116 tonnes as a correction in local prices during a key festival boosted retail demand, a government source said today.
Deutsche Bank gets to keep gold swapped by Venezuela
Submitted by cpowell on Tue, 2019-06-04 20:59 Section: Daily DispatchesVenezuela Defaults on Gold Swap with Deutsche Bank
By Patricia Laya
Bloomberg News
Tuesday, June 4, 2019
Venezuela has defaulted on a gold swap agreement valued at $750 million with Deutsche Bank AG, prompting the lender to take control of the precious metal which was used as collateral and close out the contract, according to two people with direct knowledge of the matter.
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