HKEX Drops £32bn Bid for LSE After Charm Offensive Fails
HKEX Drops £32bn Bid for LSE After Charm Offensive Fails – Financial Times
Hong Kong Exchanges and Clearing said it would drop a £32bn offer for the London Stock Exchange Group, ending its attempt to create a global capital markets operator with a dominant position in Europe and Asia.
Read MoreUS Unemployment Rate Hits 50-Year Low
US Unemployment Rate Hits 50-Year Low – Financial Times
Evidence of stronger hiring over the summer and the lowest unemployment rate in 50 years were offset by signs of a slowdown in wage growth during September.
Read MoreYou Have One Week to Make a Better Offer, EU Tells Johnson
You Have One Week to Make a Better Offer, EU Tells Johnson – The Times
Brussels has given Boris Johnson one week to make his Brexit plan acceptable or European Union leaders will refuse to discuss it at a crucial summit this month.
- Johnson Has a Plan B for Brexit If the EU Rejects His Deal – Bloomberg
- EU Doubts Grow Over Boris Johnson’s Brexit Offer – Financial Times
Markets on Tenterhooks as US Recession Signs Build
Markets on Tenterhooks as US Recession Signs Build – Reuters
A wake-up call from the US heartland has spooked Wall Street by raising fears of a recession that will push markets into a correction.
Read MoreJohnson Vows Final Brexit Offer to End Stand-Off with Brussels
Johnson Vows Final Brexit Offer to End Stand-Off with Brussels – The Times
Boris Johnson will today make the EU what Downing Street says is his “final offer” on Brexit, including a “fair and reasonable compromise” over the Irish border.
- Brexit Plan Revealed: What Johnson Will Offer Brussels – Daily Telegraph
- Johnson Has Rolled the Diplomatic Dice, but the Rules of the EU Game are Stacked Against Him – Daily Telegraph
- EU Ready to Consider Major UK Concession on Irish Backstop – Bloomberg
- If Reported UK Brexit Proposal is Final Offer, It Won’t Fly: EU Sources – Reuters
Protester Shot in Chest with Live Police Round During Hong Kong National Day Protests
Warning shots fired according to police source as more than a quarter of MTR stations closed, along with thousands of shops and malls, as protests and disruption spread.
Read MoreDraghi Backs Calls for Fiscal Union to Bolster Eurozone
Draghi Backs Calls for Fiscal Union to Bolster Eurozone – Financial Times
European Central Bank president Mario Draghi has thrown his weight behind French president Emmanuel Macron’s call for fiscal transfers between eurozone member states to bolster the long-term future of the single currency.
Read MoreCan the FX Industry Still Innovate Like it Did 20 Years Ago?
Can the FX Industry Still Innovate Like it Did 20 Years Ago? – Profit & Loss
“The banks were a hotbed of innovation and the biggest change I’ve seen in FX is how, over time, this has all been locked down.”
Read MoreBrexit’s $74 Trillion Battle Over Derivatives is Heating Up
Brexit’s $74 Trillion Battle Over Derivatives is Heating Up – Bloomberg
London’s dominance of the derivatives market is under threat, with European firms at risk of being blocked from using clearinghouses in the British capital within six months.
Read MoreNancy Pelosi Announces Formal Impeachment Inquiry of Trump
Nancy Pelosi Announces Formal Impeachment Inquiry of Trump – New York Times
Speaker Nancy Pelosi said the House would begin formal impeachment proceedings against President Trump, ending months of caution by Democrats.
- Pelosi Impeachment Gambit Brings Peril for Trump – and Democrats – Bloomberg
- The Mother of all Trumpian Battles – Financial Times
- White House to Release Transcript of Trump’s Ukraine Call as Impeachment Efforts Begin – Wall Street Journal
- Trump Impeachment? History Suggests Wall Street Ought Not Worry – Reuters