One of China's major banks has agreed to buy a $90 billion gold vault in London, part of Barclays precious metals storage business.
China's ICBC Standard bank, which is the world's biggest by assets will have more influence over trading, pricing and storage of precious metals with this move as Catherine Drew reports.
IN: The deal
OUT: SOC
DUR: 42 sec
AIR: http://www.fsnradionews.com/feeds/0517gold-cd-air.mp3
ARN: http://www.fsnradionews.com/feeds/0517gold-cd-arn.mp3
FM4: http://www.fsnradionews.com/feeds/0517gold-cd-fm4.mp3
GENERIC: http://www.fsnradionews.com/feeds/0517gold-cd-generic.mp3
ICRT: http://www.fsnradionews.com/feeds/0517gold-cd-icrt.mp3
NIGERIA: http://www.fsnradionews.com/feeds/0517gold-cd-von.mp3
RNZ: http://www.fsnradionews.com/feeds/0517gold-cd-rnz.mp3
SRN: http://www.fsnradionews.com/feeds/0517gold-cd-srn.mp3
VATICAN: http://www.fsnradionews.com/feeds/0517gold-cd-vatican.mp3
ZIZ: http://www.fsnradionews.com/feeds/0517gold-cd-ziz.mp3
SABC: http://www.fsnradionews.com/feeds/0517gold-cd-SABC.mp3
938Live: http://www.fsnradionews.com/feeds/0517gold-cd-938Live.mp3