Expect further rate cuts from the Bank of England (BoE) as Governor Mark Carney shows that he is willing to let sterling continue depreciating, say analysts.
Italian industrial production unexpectedly fell in June in a setback for Prime Minister Matteo Renzi’s plans to put economic growth on a stable footing.
Brazil is embroiled in a stadium-full of woes. Its economy is shaky at best, a corruption scandal has embroiled high-ranking officials, its president is facing impeachment and the country is the epicenter of the Zika virus.
Although the Parker FX Index rose 0.15% in June, the headline number hides a mixed performance for currency managers in the programme with only 11 of the 27 programmes reporting (three failed to do so) in positive territory.
Even in an age of electronic money and digital-payment apps, there is still big demand for cold, hard cash.
The Justice Department asked a federal appeals court to reconsider its ruling throwing out a civil mortgage-fraud case against Bank of America Corp., in an uphill effort to rescue one of its highest-profile cases tied to the financial crisis.
After suffering a crippling hack earlier this week, Hong Kong-based bitcoin exchange Bitfinex said it may spread the loss among its users, including ones not directly impacted by the hack.
Thomson Reuters, FX Spotstream and FXCM have all reported a month-on-month decline in FX average daily volume (ADV), however the latter two are up on a year-on-year basis.
Banca Popolare di Milano (BPM) posted a small rise in net profits for the first six months of the year, the Italian bank reported on Friday.
First it flopped, then it flipped. Now, economists are looking for U.S. payrolls growth to return in July to its 2016 average.
Stocks across the world rose amid a surge in government debt after the Bank of England’s policy easing soothed concern over the impact of the Brexit vote. Oil declined toward $41 a barrel as the dollar meandered ahead of U.S. jobs data.
Most Asian stock markets rose on Friday after the Bank of England launched a larger-than-expected post-Brexit stimulus package that sent the pound reeling.
A storm’s about to hit the global copper market, according to Goldman Sachs Group Inc., which forecasts that the price may slump to $4,000 a metric ton over 12 months as mine supply picks up, producers enjoy lower costs and demand growth softens.