Fotheringhame Wins Unfair Dismissal Case Against Barclays
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Fotheringhame Wins Unfair Dismissal Case Against Barclays – Profit & Loss
Profit & Loss understands that David Fotheringhame, former head of automated flow trading at Barclays, has won his claim for unfair dismissal against the bank. Read More
NEX Group in CME’s Sights
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NEX Group in CME’s Sights – Profit & Loss
NEX Group has issued a statement confirming that it has received a preliminary approach from CME Group to acquire the company.
Senate Passes Bill Easing Banking Rules
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Senate Passes Bill Easing Banking Rules – Wall Street Journal (subscription)
Congress moved a step closer to relaxing the wave of crisis-era restrictions placed on the banking industry, with Senate approval of a bipartisan plan to ease rules for small and midsize banks.
Dollar Finds Support but Bulls Stay at Bay
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Dollar Finds Support but Bulls Stay at Bay – Financial Times (subscription)
The world’s reserve currency is rising in early European trade, but it remains caught between an uneasy political backdrop and uncertainty about the number of interest rate rises ahead in 2019.
Central Bank Cryptocurrencies Pose Stability Risk, Says BIS
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Central Bank Cryptocurrencies Pose Stability Risk, Says BIS – Financial Times (subscription)
Central bankers risk endangering the stability of the global financial system by jumping on the bitcoin bandwagon and launching their own digital currencies in an effort to destroy competition from rivals from outside the official sphere, the Bank for International Settlements has warned. Read More
Euro Gains, Dollar Drops, As Risk Appetite Revives
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Euro Gains, Dollar Drops, As Risk Appetite Revives – Reuters
The euro gained and the dollar dropped as last week’s strong US jobs numbers and receding fears over a trade war helped a rebound in risk appetite, with higher yielding currencies also performing well.
Yen Dives as Risk Appetite Roars; Euro Subdued
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Yen Dives as Risk Appetite Roars; Euro Subdued – Reuters
The dollar jumped half a percent against the yen as hopes of a breakthrough in the North Korean nuclear standoff rose and after the Japanese central bank reaffirmed its decision to stick to its ultra easy policy stance in the coming months. Read More
US Regulator Urges Registration of Cryptocurrency Exchanges
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US Regulator Urges Registration of Cryptocurrency Exchanges – Reuters
The US Securities and Exchange Commission said that many online trading platforms for cryptocurrencies should be registered with the regulator and subject to additional rules, in a further sign regulators are cracking down on the digital currency sector.
Dollar Hovers Near 14-Month Lows as Trade War Concerns Escalate
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Dollar Hovers Near 14-Month Lows as Trade War Concerns Escalate – Reuters
The dollar hovered near a 14-month low against the yen as investors grew cautious about the outlook of the greenback after a top economic advisor to the Trump administration resigned stoking fears of a trade war. Read More
Trade War Worries Keep US, Canadian Dollars Weak
Trade War Worries Keep US, Canadian Dollars Weak – Reuters
The dollar edged down, while the Canadian dollar traded close to an eight-month low on persistent worries about a trade war stemming from US President Donald Trump’s proposed tariffs on imported steel and aluminium.