No Brexit More Likely Than a Disorderly One: Economists – Reuters
The chances that Brexit will be cancelled are now greater than the chances Britain will leave the European Union without a deal, according to economists in a Reuters poll, who again pushed back their expectations for when the Bank of England will raise interest rates.
China GDP Grows Faster Than Expected in First Quarter – Financial Times (subscription)
The Chinese economy grew at a faster-than-expected rate during the first quarter of this year, after US President Donald Trump last month backed down from a threat to escalate his trade war with Beijing and government stimulus measures began to take hold.
Global Trade Suffers Biggest Collapse Since Great Recession – Daily Telegraph (subscription)
A recent collapse in global trade is the worst since the financial crisis and as steep as during the recession of the early 2000s, according to new figures from the Dutch government.
Attacks by Trump Risk Damaging the Fed’s Credibility – Financial Times (subscription)
Investors have been remarkably calm about the mounting political pressures on the Federal Reserve, the world’s most important central bank, in sharp contrast to what has been seen historically in advanced countries, and to what emerging economies continue to experience.
is Little to Break the Impasse’: City Sees No End to Brexit Limbo – Financial News (subscription)
City economists and commentators see no quick end to the
UK’s political paralysis over Brexit, even after EU leaders agreed a
six-month extension to the country’s leaving date.
Boerse Says it is in Talks to Buy Some Refinitiv FX Units – Reuters
German stock exchange operator Deutsche Boerse said on
Wednesday that it is in “concrete negotiations” with data provider Refinitiv
about the potential acquisition of certain foreign exchange business units.
if Turkey Squeezed the London Lira Market to Death? – Reuters
Turkey’s authorities have shown over the past month they
are capable of squeezing the life out of the $35 billion-a-day London lira
market – but the cost of killing it off completely would be high for the country
1,600 Jobs as Investment Bank Overhauled – Financial
The investment bank will close its commodities business
and proprietary trading unit and reorganise its fixed-income division to make
it more profitable, particularly the underperforming rates, credit, currencies
and prime services operations, as was first flagged in February.
London: Voices from the Financial Front Lines of Brexit – Financial Times
The Financial Times talks to people involved in moves
from the City of London to rival EU cities.
Services Caught in Web of Brexit Regulation – Bloomberg
Though London risks losing derivatives clearing in the
long term, fintech sees a rosier future. Financial-services negotiations have
taken a back seat to trade, yet the industry remains the country’s biggest