LATEST NEWS: Savings accounts are at risk as long as JP Morgan CEO gets everything he wants

If you want to understand what’s wrong with the US financial system, start by asking this question: why does Jamie Dimon always get his way? Dimon is the charismatic chief executive of the nation’s biggest bank, JP Morgan. JP Morgan has $2.5tn in assets and holds more than 10% of all the savings deposits in […]

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LATEST NEWS: Fears that ‘dangerous’ Switzerland referendum could spark gold rush

The Swiss like referendums: there were 11 last year and there have been nine more this year, on subjects ranging from who pays for abortions to whether the state should buy a certain type of new fighter aircraft. This Sunday there are three more, but one has attracted more attention than most – because there […]

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LATEST NEWS : PRECIOUS-Gold rises, global growth worries spark safe-haven bids

Gold extended gains to a third session on Wednesday as growing concerns over the global economy prompted safe-haven bids, while the return of top consumer Chinafrom a week-long holiday also lifted prices.Other safe-haven assets such as bonds and the Japanese yen also got a boost as Asian stocks fell and oil prices were mired near […]

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Ukraine accuses Russia of "direct invasion" as aid convoy crosses border

Ukraine said on Friday the entry of Russian aid trucks onto its territory was a “flagrant violation” of international law and it appealed to the international community to condemn Russia’s actions as illegal and aggressive. The foreign ministry said in a statement that, while Ukrainian authorities had not given the convoy permission to enter, it […]

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Most Americans think US should 'mind its own business' abroad, survey finds

A majority of Americans believe the US plays a less important and powerful role in the world than it did 10 years ago, according to a long-running study that found that most people now believe America should “mind its own business internationally”. It is the first time the survey of US foreign policy attitudes has recorded such a […]

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Gold exchange mulled

“Seven local gold futures dealers have proposed the central bank and capital market regulators set up a spot gold exchange to enhance Thailand as a regional gold trading hub. But Kritcharat Hirunyasiri,… ”   Continue reading on bangkokpost.com    

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Asia’s debt conundrum reawakens ghosts of 1990s crisis

“High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. When China unleashed the largest stimulus package in its history in response to the 2008 crisis and slowing export markets in the west, […]

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Eurozone crisis is just on hold for the summer

“August is traditionally Europe‘s holiday month, with many government officials taking several weeks off. In the process, important initiatives are put on hold until the “great return” at the beginning of September. This year, there is another reason why Europe has pressed the pause button for August. With a looming election in Germany, few wish to […]

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