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[Most Recent Quotes from www.kitco.com]

[Most Recent Quotes from www.kitco.com]




Geithner Opens Up Debt Dialogue With China, but the Dollar Still May be Doomed

Money Morning (June 3rd, 2009) Writes:

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Two days of talks between U.S. Treasury Secretary Timothy F. Geithner and Chinese officials culminated yesterday (Tuesday) with both parties reaffirming their confidence in the value of the dollar, and the viability of U.S. debt.

Despite this …

Russia’s Economic Rumor Mill

Robert Amsterdam (October 19th, 2008) Writes:
micex101808.jpgI can't confirm all of these rumors as fact at this point, but well informed friends from Moscow have been calling me all morning with news that major announcements by Russia's financial authorities will be made early this week in attempt to staunch what has been up until now an under-reported level of capital flight moving out of Russia. These announcements, my sources tell me, may involve restrictions on money movements and possible ruble intervention. The changes are said to mirror the fairly draconian measures which have already been implemented by Ukrainian financial authorities over the past week such as bans on withdrawals, controls over lending, and talk of bank nationalizations. We have known for some time that the use of the word "crisis" has become completely taboo in the state media. Despite reports we have published from Grigory ...

Weekly China Statistics Update

Biz China Update (October 3rd, 2008) Writes:
- Imports of edible oil grew 4.7 per cent in the first eight months of this year, new figures of the General Administration of Customs show. Last year, imports increased 23 per cent. The slowdown results from a shrinking soybean supply from Argentina, state media writes. - The price for jet fuel, kerosene, has...

HSBC Overtakes ICBC, Chinese FDI Hits USD117 bn

Biz China Update (September 18th, 2008) Writes:
HSBC Overtakes ICBC as World's Biggest Bank It was December 2006, when Chinese state media announced that the Industrial and Commercial Bank of China (ICBC) has left UK's HSBC behind in terms of market capitalisation with a value of USD214.2 bn. Following the continuous meltdown of the Shanghai Composite Index, ICBC's...

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