LATEST NEWS : They're Dying at Their Desks in China as Epidemic of Stress Proves Fatal

Chinese banking regulator Li Jianhua literally worked himself to death. After 26 years of “always putting the cause of the party and the people” first, his employersaid this month, the 48-year-old official died rushing to finish a report before the sun came up. continue reading at bloomberg.com

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LATEST NEWS : Gold’s Flow East Seen for 20 Years as Incomes Increase Demand

The global flow of gold from west to east that helped to make China the world’s largest user will probably last for up to two decades as rising incomes spur demand, according to the China Gold Association. continue reading at bloomberg.com

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LATEST NEWS : Xi Says China Must Adapt to ‘New Normal’ of Slower Growth

Chinese President Xi Jinping said the nation needs to adapt to a “new normal” in the pace of economic growth and remain “cool-minded” amid a slowdown that analysts forecast will lead to the weakest expansion since 1990. continue reading at bloomberg.com

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LATEST NEWS : Europe Deflation Risk Seen by 74% in Global Investor Poll

Financial professionals are optimistic about the global economy, just not as fervent about it as they were at the start of the year. That’s the message from the latest Bloomberg Markets Global Investor Poll, which shows concern about risks ranging from the turmoil in Ukraine to the threat of deflation in Europe. continue reading at bloomberg.com

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LATEST NEWS : China’s Income Inequality Surpasses U.S., Posing Risk for Xi

The income gap between the rich and poor in China has surpassed that of the U.S. and is among the widest in the world, a report showed, adding to the challenges for President Xi Jinping as growth slows. A common measure of income inequality almost doubled in China between 1980 and 2010 and now points to a “severe” disparity, […]

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Barclays, Deutsche Bank Accused of Gold Fix Manipulation

Barclays Plc (BARC), Deutsche Bank AG (DBK) and three other banks were accused in a lawsuit of manipulating the London gold fix, a benchmark used throughout the $20 trillion market for the metal. Kevin Maher, a New York resident who says he bought and sold gold and gold futures and options, sued yesterday in Manhattan federal court claiming the five banks […]

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Gold Declines as Traders Book Profits After Advance

Gold declined in New York, trimming a monthly advance, as some traders booked profits after prices climbed to a 17-week high and amid speculation a weaker yuan may hurt demand fromChina. Gold is the third-biggest gainer, after coffee and lean hogs, in the Standard & Poor’s GSCI gauge of 24 commodities this year on speculation haven demand […]

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Yellen Leads Fed Damned Every Way by Emerging Market Angst

Janet Yellen is discovering that when it comes to providing monetary stimulus, theFederal Reserve is damned byemerging markets when it does and damned when it doesn’t. Sixteen months after she used a Tokyo gathering of global policy makers to defend her institution against criticism it was purchasing too many assets, Fed Chair Yellen attends this week’s Group of […]

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Gold Advances to Highest Since November on Dollar as China Buys

Gold futures rose to the highest price since November as physical purchases from China and a weakening dollar spurred demand. Silver extended its longest winning streak in almost six months. Gold is rebounding from its biggest annual drop since 1981 as global equities and emerging markets weakened and lower prices spurred physical buying. Chinese consumers returned from the week-long […]

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China Spurs Market Rout Blamed on Fed, Goldman Sachs AM Says

China’s policy shifts are a bigger driver of the selloff in emerging markets than the Federal Reserve’s decision to dial back stimulus, according to Goldman Sachs Asset Management. Volatility will rise toward its long-term average and that means an increase in risk premiums, said Philip Moffitt, head of fixed income in Sydney for Asia and the Pacific at Goldman Sachs […]

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