February 27th, 2015
Banks investigated for alleged precious metal rigging
Banks are being investigated for the alleged rigging of the precious metal market, a report from HSBC has revealed.
HSBC’s annual report, published this week, reveals that the US Department of Justice has requested documents be submitted regarding its precious metals trading operations.
The DoJ investigation is reported by The Independent as including the “Bank of Nova Scotia, Credit Suisse, Goldman Sachs, JPMorgan Chase, Société Générale, Standard Bank, and UBS”.
February 20th, 2015
Sri Lanka says no to foreign mining in gems
Sri Lanka has said no to foreign mining in its gemstones.
While assuming official duties as Minister of Mahaweli Development and Environment, President Maithripala Sirisena ordered that foreign companies would not be allowed to mine gemstones in the country.
“It will be given solely to the local gem industry, no foreign firms will be allowed to engage in mining or any other associated activities,” he said.
“All we need to get from these firms is their technological expertise and methods of t…
February 12th, 2015
Graphene is a recently discovered, pure carbon material that is distinguished by its extreme thinness. Despite being so very thin, Graphene is extremely durable and strong and is a good conductor of both heat and electricity. While researchers are exploring many possible ways in which this “miracle substance,” as it is often termed, could be used, the most popular proposed usage is as a substitute for glass in iPhones and other touch-screen technologies.
It is believed that Graphene could be developed into a powerful, durable screen that would…
February 6th, 2015
Farmland demand becomes localised as values climb
Farmland values increased by 2.5 per cent over the last six months to the end of 2014, according to figures from Carter Jonas.
This rise disguised a growing and more distinct regional variation, with values in the South and East of England achieving values of circa £14,000 whilst the South West witnessed values of £9,000 per acre. Location, type and quality remained key factors in achieving prime values together with the strength of the local market.
Demand became increasingly lo…