EU plots transatlantic bank regulator
The European Union is to push for an agreement on banking and financial services as a key part of this week’s historic trade talks with the US which could see the introduction of an American-European super-regulator. 

Switzerland Will Join Race to Be Trading Hub for China’s Yuan
Switzerland plans to bid to become an offshore yuan trading center in Europe, competing with Frankfurt and London to corner trade in the Chinese currency. “It is in Swiss interest to have a renminbi hub in the center of Europe,” Economy Minister Johann Schneider-Ammann said in Beijing today after signing a free trade agreement with Chinese Commerce Minister Gao Hucheng. While no official talks have taken place, Schneider-Ammann said he hopes the idea will become “more serious” in the coming weeks or months.  

China Radio: “The U.S. And Europe Have Always Suppressed The Rising Price Of Gold”
The U.S. and Europe have always suppressed the rising price of gold. They intend to weaken gold’s function as an international reserve currency. They don’t want to see other countries turning to gold reserves instead of the U.S. dollar or Euro. Therefore, suppressing the price of gold is very beneficial for the U.S. in maintaining the U.S. dollar’s role as the international reserve currency.  

Greek close to getting latest bailout payout
Greece’s government has said it is close to agreeing a deal to gain the latest payment of bailout money from its international lenders. Eurozone finance ministers meet on Monday to decide whether to release the next instalment of rescue funds worth 6.3bn euros ($8.1bn; £5.4bn).  

North and South Korean talks on Kaesong economic zone
Officials from North and South Korea are holding talks on reopening the Kaesong industrial complex. The two sides sat down together on Saturday at the truce village of Panmunjom in the demilitarised zone. Work at the factory park was halted in April amid high regional tensions.  

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