Business

In light of today's visit by President-elect Trump to Indiana to take credit for saving some 1,100 Carrier jobs from being offshored to Mexico, a recurring question is what was the Trump quid to Carrier's pro quo to get the deal done.

• Blockchain technology - What is it?
• Latest developments - Royal Mint Gold & CME, Goldman Sachs and Santander
• Why do we need it? It’s about value
• Blockchain is an extension of economics
• Blockchain allows us reduce uncertainty and risk
• How will it change your life?

By @Skoylesy . Editor @MarkTOByrne

Submitted by Ronan Manly, BullionStar.com

Introduction

Exchange traded investment vehicles backed by physical gold refer to a group of trusts, funds, or other legal entities which hold gold bars with a custodian in a vault and which issue securities, units or other fractional ownership claims against that gold. These securities are pitched and marketed as an alternative to direct ownership of gold bullion and these products have seen significant expansion and evolution over the last 10-12 years.

• Oil hits six-week high after OPEC deal, sterling jumps (Reuters), Oil Holds Gains After OPEC Deal (WSJ), Hangover Awaits as OPEC Celebrates (BBG)
• Opec agreement: the winners and the losers (FT)
• Russia’s Pledge to OPEC Will Mean ‘Herding Cats’ to Deliver Cuts (BBG)
• Mnuchin Made Millions From Financial Crisis (WSJ); Trump reverses stance by turning to Goldman alumni for key roles (FT)
• Treasury Pick Says ‘No Absolute Tax Cut’ for Wealthy (WSJ)
• Death toll rises to seven in Tennessee's Great Smoky Mountains fires (Reuters)

In a sign that investor enthusiasm about the Apple "rebound" may have been premature, Digitimes reports that Apple has begun to reduce orders for iPhone 7s as initial "sales momentum has started fading", according to sources from Taiwan's handset supply chain.