Gold Silver Reports (GSR) – The defendants include Goldman Sachs (Asia) LLC, Deutsche Bank AG, ING Bank NV, as well as Taconic Capital Advisors LP, Davidson Kempner Capital Management LP, Och-Ziff Capital Management Group LLC, Strategic Value Partners LLC, BFAM Partners (Hong Kong) Ltd., Varde Partners Asia Pte, Arkkan Capital Management Ltd., Cowell & Lee Advisors Ltd. and Attestor Capital LLP.
Global Economic
Global Economic – The global economy is the worldwide system of trade, production, and finance that connects countries. It involves the exchange of goods, services, and money across borders, driven by businesses, governments, and consumers. This system shapes jobs, wealth, and growth everywhere.
Goldman Sees the Australian Dollar Falling to 72 Cents; Report
Gold Silver Reports (GSR) – Goldman Sees the Australian Dollar Falling to 72 Cents – The Aussie will decline to 72 U.S. cents by year-end as restrained economic growth and inflation mean the Reserve Bank of Australia will take a “few years” to catch up with the Federal Reserve in raising borrowing costs, said Philip Moffitt, Asia-Pacific head of fixed income in Sydney at the firm, which oversees more than $1 trillion.
Trump Says Kim Jong Un Summit Location Narrowed to Two or Three Possibilities
Gold Silver Reports (GSR) – Trump Says Kim Jong Un Summit Location Narrowed to Two or Three Possibilities — “I don’t think he’s playing,” Trump said Friday of Kim. The North Korean leader earlier Friday held a historic meeting with South Korean President Moon Jae-in, where the two agreed to work toward formally ending their war and pursue the “complete denuclearization” of the Korean Peninsula.
U.S.- China Trade Fight Unfolds as Diplomats Spar in Geneva
Gold Silver Reports (GSR) – U.S.- China Trade Fight Unfolds as Diplomats Spar in Geneva – China’s “trade-distorting policies” represent a “threat to the international trading system,” Deputy U.S. Trade Representative Dennis Shea said in Geneva on Friday during his first public comments on the matter. China’s technology transfer policies harm every WTO member and industry that “relies on technology for maintaining competitiveness in world markets.”
A New History Starts Now’ as Leaders of Two Koreas Meet
Gold Silver Reports (GSR) – ‘A New History Starts Now’ as Leaders of Two Koreas Meet — Scenes of Moon and Kim joking and walking together marked a striking contrast to last year’s barrage of North Korean missile tests and its largest ever nuclear test that led to sweeping international sanctions and fears of a fresh conflict on the Korean peninsula.
Draghi Insists Outlook Is Solid as ECB Skirts QE Debate Again
Gold Silver Reports (GSR) – Draghi Insists Outlook Is Solid as ECB Skirts QE Debate Again — The Governing Council spent its two-day meeting assessing a raft of weaker economic data, the ECB president said at a news conference in Frankfurt. While acknowledging that momentum softened at the start of the year, he reaffirmed his confidence in the durability of the euro-area expansion.
Trump Trade War Spurs India to Import More Oil, Drones From U.S.
Gold Silver Reports (GSR) – Trump Trade War Spurs India to Import More Oil, Drones From U.S. — Asia’s third-largest economy could bridge the surplus by up to $4 billion through oil imports alone, government officials said, asking not to be identified as they are not authorized to speak to the media.