The legions of Japanese retail investors holding onto the carry trade, dubbed the Japanese housewives or Mrs Watanabes, are facing more pain today – a Japanese holiday – as USDJPY slumps to a new low for the year, indeed its lowest level since October 2014.
The Bank of Japan has been forced to retreat from further emergency stimulus after a blizzard of criticism at home and abroad, and warnings that extreme measures may now be doing more harm than good.
The world’s biggest financial market has shrunk by 20% during the past year and a half.
The Swiss National Bank has further room to manoeuvre in its monetary policy and will not shy away from using unconventional measures if that is in the country’s interests, its chairman said on Friday.
The European Union would insist on completing a swift divorce with Britain before starting to forge any new relationship if UK voters decide in June to leave the 28-member bloc.
Republican presidential front-runner Donald Trump waded into politically risky territory this week when he accused Democrat Hillary Clinton of exploiting her gender to win votes and said she would have little support if she were not a woman.
China’s central bank responded to an overnight tumble in the dollar by strengthening its currency fixing the most since a peg was dismantled in July 2005.
Local authorities and other uninsured depositors should be more careful about keeping their money at small financial institutions, the Bank of England has warned, as it prepares to introduce new bank windup rules.
Carl Icahn’s announcement on Thursday that he had sold out of his Apple position should strike a little bit of fear in the hearts of executives and directors across America.
Robert E Linton, a prominent Wall Street executive who led the swashbuckling investment bank Drexel Burnham Lambert in the years before it imploded in scandal but who was largely untainted himself, died on Tuesday in Manhattan.
Royal Bank of Scotland has reported doubling of losses to nearly £1bn following a large payment to the government to restart dividends, a day after warning of a delay to offloading Williams & Glyn.
Georg Thoma is to resign from Deutsche Bank’s supervisory board after coming under fire from other board members in a battle over how to deal with the German bank’s past scandals.
Danske Bank A/S reported profit that beat analyst estimates last quarter as Denmark’s biggest bank was able to navigate through negative interest rates and volatile markets.
The dollar dropped against all of its G-10 peers after weaker-than-expected U.S. economic growth dimmed prospects for a Federal Reserve interest-rate hike. Asian stocks fell with European equity index futures and oil traded near $46 a barrel.
The BOJ’s lack of action caught markets by surprise, but doesn’t mean it is done easing
Saudi Arabia’s oil output will edge up close to record highs in coming weeks to meet summer demand for power but is unlikely to be pushed to the limit and flood global markets, Saudi-based industry sources said.
Rather than simply adjusting to the gold price, it seems the supply dynamics for this year are now helping the metal too.
The European Central Bank would need the inflation outlook to worsen significantly for another rate cut, but pushing rates deeper into negative territory remains an option, Peter Praet, the bank’s chief economist told a Spanish newspaper.
The French economy expanded faster than economists forecast in the first quarter, powered by increasing corporate investment and a rebound in consumer spending.