SHANGHAI, May 20- China's yuan edged higher on Monday after the central bank surprised the market and fixed the official midpoint almost unchanged despite a rally in the dollar. Spot yuan was trading at 6.1399 against the dollar from 6.1419 at Friday's close after the People's Bank of China set the yuan's midpoint at 6.1998, almost flat from 6.1997 on Friday. "
*Macau junkets act as pseudo banks for China capital outflows. ZHUHAI, China/ HONG KONG, May 20- In an underground mall just a stone's throw from China's teeming border with Macau, a row of 30 small shops with identical golden plaques does a brisk, though shadowy trade with mainland Chinese visitors, many of them bound for the gambling hub.
MADRID, May 19- Many duped savers at Spanish lender Bankia are shunning a state-supervised compensation scheme in favour of expensive lawsuits, prolonging a mis-selling scandal and complicating efforts to restore faith in the banking system.
NEW YORK, May 17- Pension and endowment managers on Friday called on U.S. regulators to review the rules for shareholder voting after a firm collecting ballots for JPMorgan Chase& Co cut off the bank's opponents from polling information.
Dissecting the day's major business news, with the Fast Money traders. Gold has another terrible week. Celebrating the 1-year anniversary of Facebook's IPO. Up-and-coming energy companies challenge the most powerful names in the sector. With Lincoln Ellis, Strategic Financial Group. Also, CNBC's Kate Kelly with an update on SAC.
NEW YORK, May 17- Pension and endowment managers on Friday called on U.S. regulators to review the rules for shareholder voting after a firm collecting ballots for JPMorgan Chase& Co cut off polling information to the bank's opponents.
*Gold at 1- month low as Fed pressured to end US stimulus. Gold fell, touching a 1- month low and closing down for a seventh straight session as the dollar hit its highest levels since 2008 after some Federal Reserve officials said the central bank should end its stimulus for the U.S. economy. Gold was the CRB's biggest loser, falling almost 2 percent.