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Why Central Banks Will Keep Buying Gold
The IMF will likely find eager buyers for all of those ounces of gold that they continually threaten to dump on the market. Not only have we seen foreign governments such as China and Russia increasing their gold reserves lately, but Forbes just reported the following:Central banks may be justified in increasing their gold holdings to 40-50 percent of their reserves, a senior executive of the industry-funded World Gold Council said on Thursday.Complete Story »
Seeking Alpha

RBI fixes reference rate at Rupees 47.94 per US dollar
Mumbai, Jun 15 : The Reserve Bank of India (RBI) today fixed the reference rate at Rupees 47.94 per US dollar, rose by 53 paise against its previous rate of Rupees 47.41 per US dollar.
Big News Network

Cheap fixed-rate mortgages disappear as banks boost profits - Daily Telegraph
Website of the Telegraph Media Group with breaking news, sport, business, latest UK and world news. Content from the Daily Telegraph and Sunday Telegraph newspapers and video from Telegraph TV.
Big News Network

Top Chinese official: Easing must stay 2-3 years
People's Bank of China policy committee member Fan Gang says China's loose monetary policy must stay in place for the next two to three years, according to a local report.
Market Watch

Silicon Valley Bank cultivates new green startups
Silicon Valley Bank's reputation among Bay Area venture capitalists and their portfolio companies gives the bank a great perch for spotting up-and-coming green businesses.
Biz Journal

Security Shifts Risk to Borrower
Wall Street is marketing a new security for the municipal-bond market in which the borrower, not the bank, guarantees repayment.
Market Watch

Metal, realty slip in weak markets
Tracking weak Asian peers, the key benchmark indices were trading lower in the early deals today. Metals, realty, capital goods and banking stocks were under pressure.
India Gazette

Social media strategies give hope to ad agencies
Amid a gloomy advertising landscape, the social media revolution represents a burgeoning area of opportunity for agencies, local ad executives say. Whether a brand tweets on Twitter or maintains a fa...
Big News Network

BankAtlantic sells distressed Mortgage to Hovnanian
K Hovnanian Homes (NYSE: HOV). The Fort Lauderdale-based bank filed a foreclosure lawsuit in December against developer Home Devco Tivoli Isles, which partially completed the 315-home 55-and-older co...
Big News Network

Lloyds set to write off £450m debt
LLOYDS Banking Group is thought to be set to write off £450 million on its investment in pubs group Admiral Taverns, which has been hit by the property slump.
Scotsman

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