The Bank of England and London's bullion banks plan to begin releasing data on the amount of physical gold actually stored within the London gold vaulting system. Will this data provide anything meaningful? Probably not.
Vincent Viola, the billionaire founder of trading firm Virtu Financial, has withdrawn his nomination to be Secretary of the Army after distancing himself from his business ties proved too difficult. He becomes the first Trump nominee to withdraw from nomination.
Switzerland is the answer to those who claim that Islamic terrorism is reserved for those countries that have participated in operations against ISIS or other Muslim terror organizations. Switzerland has done neither, yet its flag figured among sixty other enemy flags shown in an ISIS propaganda video. Swiss authorities are currently investigating 480 suspected jihadists in the country.
"This is not the first time that an inexperienced person has threatened Iran ... the American government will understand that threatening Iran is useless," Ali Akbar Velayati said, without identifying any U.S. official specifically in his comments.
As the political scandal gripping (former) French presidential frontrunner Francois Fillon grows, his public support is tumbling and according to a new opinion poll released on Wednesday, the conservative presidential candidate would no longer even make the second round of this spring's presidential election in France.
"The way things are going, I think we might have to quickly trigger a plan B," one lawmaker on condition of anonymity told Reuters. "Plan B. Lots of people are thinking, reflecting and working on it but no one will speak openly about it," said another influential Republicans member of parliament.
"We’ve brought a stop up behind that position that shall take us out at break-even, including the dividend, but we’ve no intention at this point of buying anything else and if we are taken out we’ll stand wholly aside and watch further developments."
The IMF has once again threatened to pull out of the Troika following a warning that Eurogroup loan measures are not enough for Greek debt. This is one of those WTF moments where statements from Greece, from the IMF, and also the Eurozone make no apparent sense.
Soros "would like this government to fail, he would like to kind of fire this government because he doesn’t like our approach, doesn’t like our policies,” Hungary's Foreign Minister Peter Szijjarto said. "We find it very anti-democratic if someone from abroad would like to influence Hungarian voters on whom to vote for."
Buenos Aires prosecutor Martin Lapadi has requested the arrest of local Uber executives, and ordered the shut down of the company's mobile application. The injunction is the result of Uber operating in Argentina since mid-April without a permit or tax-identification number, which has led to numerous lawsuits by taxi unions
Syria said on Monday that any attempt to create so-called safe zones for refugees without coordinating with Damascus would be "unsafe" and violate Syria's sovereignty. Meanwhile, news has been circulating since Friday that Syrian President Bashar al-Assad is experiencing serious health problems, with stroke or even death speculated.