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thenews
Added topic JPMorgan Accounts For 99.3% Of The COMEX Gold Sales In The Last Three Months
Total Net gold deliveries Feb 1 to April 25: Vision Financial – 1 contract R J O’Brien – 2 ADM Investor Services INC – 2 Marex – 5 Citigroup Global Markets – 10 ABN AMRO – 110 JP Morgan – 19,660 Jamie Dimon Has Issues When just one firm accounts for
thenews
Added topic Plan to Jail Bankers Who Behave Recklessly Eyed by UK Lawmaker
Bankers who behave recklessly would be jailed under a new law being considered by MPs and peers on the banking commission, whose final report is due next month. Several members of the commission, which was set up by George Osborne after the scandal
thenews
Added topic CBOE staff knew of problems in advance
The technology staff at CBOE Holdings Inc. knew of software issues in the hours before the huge Chicago-based options exchange suffered a three-hour outage, The Wall Street Journal reports. "Staffers at the company, which operates the Chicago Board
thenews
Added topic Don't count on gold for golden years
Those living in retirement are often told to strike a balance between investing for safety and investing for growth. And when it comes to investing for growth, some pundits are fond of telling investors to put their money in commodities, including
thenews
Added topic Europe's Fauxterity In Three Simple Charts
Now that the absolutely irrelevant debate over the applicability of the 90% debt/GDP Reinhart and Rogoff hard cutoff for sovereign growth is supposedly over due to an excel mistake of the type that JPMorgan did at least once to misrepresent its VaR
thenews
Added topic Yen pushes higher as Aussie falls on China growth concerns
The yen rose broadly and the Australian dollar hit a six-week low on Tuesday as a weak reading on the Chinese manufacturing sector stirred worries about the health of the global economy. The Australian dollar touched a low of $1.0222 as of 0337 GMT
thenews
Added topic Weak German and China data hits euro
The euro fell below $1.30 to the dollar and German bond futures jumped on Tuesday after data revealed a slowdown in business activity in Germany and China in April, heightening concerns over the global growth outlook. Markit's flash German composite
thenews
Added topic Sales of new U.S. homes rise 1.5% in March
Sales of new single-family homes rose 1.5% in March following a substantial drop in the prior month, signaling that the housing market continued to gain strength, the U.S. Department of Commerce reported Tuesday. The seasonally adjusted annual rate
thenews
Added topic Euro falls to two-week low vs dollar on ECB rate cut view
The euro dropped to a two-week low against the dollar on Tuesday after weak German data raised concerns about the health of the euro zone economy, reviving speculation that the European Central Bank could cut interest rates. A survey showed Germany's
thenews
Added topic SaxoBank CEO: "We Must Re-Evaluate The European Union"
I have been interested in politics since I was a kid. That is why I remember Denmark’s European Economic Community (EEC) referendum, although I was only nine years old. Election nights were always exciting and I was allowed to stay up a little longer
thenews
Added topic Japan Says The G-20 Finally Gets It – Yen Slides Toward 100 Against The Dollar
The Japanese yen is getting really close to 100 against the U.S. dollar. It just hit a low of 99.67 against the dollar following comments from Bank of Japan governor Haruhiko Kuroda that the G-20 meeting today gave him confidence to continue easing
thenews
Added topic Gold Burns, From Singed to Scorched
Investing in gold during the metal’s rally was a little like wandering into a jewelry store with a number of different counters. Straight ahead, you could buy physical gold itself. Off to one side, you might be tempted by gold exchange-traded funds
thenews
Added topic Markets warn G20 of EU trading tax risk
The world's top financial markets have urged G20 finance ministers to oppose European plans to levy a tax on trading, warning it will damage global economic growth. In a joint letter to the ministers, meeting in Washington this week, associations
thenews
Added topic Americans Grow More Pessimistic on Economy
The U.S. economy may be hitting another "spring swoon," the same way it has for the past several years. A slowdown from the economy's already slow rate of growth would not be surprising given the impact of the "sequester" and tax increases that went
thenews
Added topic Finance Week Ahead: More Earnings, Housing Data, First Pass at Q1 GDP
All eyes have been on Boston this past week following the tragic Marathon bombings on Monday. Friday brought a historic lockdown for the city amid a dramatic manhunt. It has been hard for news junkies to focus on much else this week, but the rout on
thenews
Added topic Despite Gold Losses, Paulson Still Believes
Gold’s 19.4 percent tumble from the start of the year through April 15 cut hedge fund manager John Paulson’s personal wealth by $1.6 billion on paper, with about $973 million of that loss coming in the rout on April 12 and 13. Paulson continues to
thenews
Added topic U.S. dollar, euro soar vs yen as G20 skirts Japan critique
The U.S. dollar and euro rallied 1.5 percent versus the yen on Friday after Japan said the Group of 20 countries did not oppose its aggressive monetary easing aimed at beating deflation rather than at weakening its currency. Traders said hedge funds
thenews
Added topic CITI: We Think Both Greece And Cyprus Will Exit The Euro
Major debt restructuring for both Cyprus and Greece will probably force the struggling euro zone countries to leave the single currency, according to Citigroup's latest economic outlook, which warned markets could again be hit by escalating fears
thenews
Added topic The Secret World Of Gold
In a wide-ranging look at the history and present of the barbarous relic, CBC's Ann-Marie MacDonald has gathered many perspectives (pro and con) on gold. The following documentary moves from historical shipwrecks to Nazi 'death gold' and England's
thenews
Added topic No light at end of tunnel yet for euro zone
An early peek this week at how the euro zone economy performed in April could cement the case for the next installment in an unprecedented campaign of monetary easing by the world's major central banks. A preliminary survey of purchasing executives
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