LATEST NEWS : Ukraine and Russia take center stage as leaders gather for G20

A showdown between Western leaders and Russian President Vladimir Putin is likely at the G20 summit in Australia starting on Saturday, following fresh reports of Russian troops pouring into eastern Ukraine. Ukraine has accused Russia of sending soldiers and weapons to help separatist rebels in eastern Ukraine launch a new offensive in a conflict that […]

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LATEST NEWS : UPDATE 2-Swiss regulator flags attempt to manipulate bullion benchmarks

Switzerland’s financial watchdog said on Wednesday it had found a “clear attempt” to manipulateprecious metals price benchmarks during a cross-market investigation into trading at UBS bank. The FINMA regulator revealed its findings just days after the precious metals industry decided to automate the setting of reference prices for gold, ending the twice-daily “fix” by a […]

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LATEST NEWS : Global shares push higher, bonds steady before Fed

World stocks and U.S bond yields extended almost three weeks of steady gains on Tuesday, as markets prepared for the Federal Reserve to formally end six years of aggressive, crisis-driven monetary stimulus. The Fed kicks off a two-day meeting later with analysts wagering that it will try to soothe the recent market volatility by reinforcing […]

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LATEST NEWS : Zero growth best hope for Germany as confidence disappears

German business confidence continued to deteriorate in October amid fears that the eurozone could enter a triple-dip recession. The Ifo Economic Institute’s closely-watched business climate index tumbled to 103.2 in October, from 104.7 in September. This was well below economists’ expectations of a slight fall to 104.5 and represents the sixth consecutive monthly decline. continue […]

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LATEST NEWS : ECB starts buying covered bonds in fight to revive euro zone economy

The European Central Bank has started buying covered bonds, an ECB spokesman said on Monday, opening a new front in its battle to revive the euro zone economy and keep deflation at bay. The ECB has already given banks the opportunity to borrow four-year loans and will also start buying bundled loans or asset-backed securities […]

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LATEST NEWS : Central bankers may have no quick fix as markets swoon, economy weakens

Global central bankers, eager to see the economystand on its own feet, faced the rude reality this week of market turmoil threatening already faltering growth and prolonging world reliance on easy money. continue reading at reuters.com

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LATEST NEWS : Draghi Devaluing Euro Cheers ECB as Inflation Seen Fading

Mario Draghi’s strategy for reviving the euro area looks like devaluation. While the European Central Bank president says the exchange rate isn’t a policy target, officials aren’t secretive about their approval of the currency’s almost 10 percent slide. The depreciation increases the cost of imports and boosts exporters’ competitiveness, aiding the effort to revive inflation […]

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LATEST NEWS : World waits for white smoke from U.S. Fed

The U.S. Federal Reserve may give clearer hints on when it will hike the cost of borrowing in the United States in the coming week, as struggling Europe braces for a tight vote in Scotland on whether to leave the United Kingdom. continue reading at reuters.com

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LATEST NEWS : Euro Inflation Slows as Draghi Hints at More ECB Stimulus

Euro-area inflation slowed in August and the region’s unemployment rate remained close to a record, increasing pressure on the European Central Bank to take action to kindle the bloc’s faltering recovery. continue reading at bloomberg.com

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LATEST NEWS : PRECIOUS-Gold up for third day on softer dollar, geopolitical tension

SINGAPORE, Aug 28 (Reuters) – Gold rose for the third straight day on Thursday as the euro regained strength against the U.S. dollar and tensions between Ukraine and Russia burnished the metal’s safe haven appeal. FUNDAMENTALS * Gold added $1.46 an ounce to $1,283.91 by 0026 GMT, moving away from a two-month low of $1,273.06 […]

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