Gold Silver Reports (GSR) – Rusal Discusses Deals in China to Ease Sanctions Crunch — Rusal is looking for alternative sources of alumina, the raw material for aluminum, as sanctions block its normal supplies, according to the people, who asked not to be identified because the matter is private. At the same time, the Russian company is asking traders whether it can boost sales of the refined metal in ingot form in China, as its usual customers are cut off.
Global Economic
Fed Says Tariff Concerns Cloud Otherwise Solid U.S. Outlook
Gold Silver Reports (GSR) – Fed Says Tariff Concerns Cloud Otherwise Solid U.S. Outlook — New tariffs and concerns “Outlooks remained positive, but contacts in various sectors including manufacturing, agriculture and transportation expressed concern about the newly imposed and/or proposed tariffs,” the Fed said in its Beige Book report released Wednesday in Washington. That concern was later echoed by New York Fed President William Dudley, who told an audience in the Bronx that a tariff war would be a “terrible outcome” which the U.S. couldn’t win.
Prime Minister Narendra Modi Addresses Indians In London
Gold Silver Reports (GSR) – Prime Minister Narendra Modi Addresses Indians In London — Indians Are Becoming Aspirational’ — Prime Minister Narendra Modi said that people have more expectations of his government because they trust that it can deliver. “People know that when they say something, the government will listen and do it,” he said.
RBI Clarifies On Concerns Around Cash Shortage
RBI Clarifies On Concerns Around Cash Shortage ✅ Sufficient cash in the RBI vaults and currency chests. ✅ Printing of the notes has been ramped up in all …
CIA Chief Pompeo Said to Have Met Kim Ahead of Trump Summit
Gold Silver Reports (GSR) – who’s awaiting confirmation as secretary of state — made the secret visit during the weekend of March 31 and April 1, said the people, who asked not to be identified. The trip, which was first reported by the Washington Post, comes ahead of the unprecedented meeting between the U.S. and North Korean leaders, which Trump said Tuesday could come by “early June or before.”
Japan Exports Surprisingly Weak on Stronger Yen, Trade War Fears
Gold Silver Reports (GSR) – Japan Exports Surprisingly Weak on Stronger Yen, Trade War Fears — ✅ Exports are weak, and the big factor is the weakening momentum in global manufacturing, said Hiroaki Muto, chief economist at Tokai Tokyo Research Center. “I now see a possibility it could be worse than a soft patch,” with today’s data indicating exports may be weakening as a trend.
How Investors Can Manage India’s 2019 Election Risk
Gold Silver Reports (GSR) – How Investors Can Manage India’s 2019 Election Risk – “Since 1991, every election has been preceded by a coalition government; hence, the market has had room to be hopeful of a stronger government,” Morgan Stanley said. “It enters the 2019 polls with a majority government already at the helm. So, it has to deal with the prospects of a weaker government at the centre.”