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Indonesia to set up its own bullion bank to boost domestic gold trade

Indonesian authorities are currently holding consultations with officials from the central bank and representatives of the mining sector. “Our exports have gone to transit countries because they have better gold trading systems, either in the form of bullion banks or better bourses than ours,” Lutfi said as quoted by Bloomberg. …

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US investors boost cash flows into Russia despite sanctions

“Whole industries and large enterprises in key sectors of the Russian economy have been slapped with sanctions… So, American investors stopped investing in those sanctioned industries and started searching for other opportunities. As a result, American investments in Russia during the period increased because… the American business aims at obtaining …

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