FX Committee Surveys Show Trading Was Up During April
|
Top Headlines FX Committee Surveys Show Trading Was Up During April – Profit & Loss FX trading volumes were up in the UK, US, Japan, Canada, Singapore and Australia in April compared to October 2015, according to the FX Committees’ semi-annual results. |
Currency Trading Volumes Climbed in April in Japan, Australia
Top Headlines
Currency Trading Volumes Climbed in April in Japan, Australia – Bloomberg
Currency trading increased in Japan and Australia in April from six months earlier, led by a surge in forwards, according to the foreign exchange committees in the two nations.
US Justice Department Brings Charges Against Two FX Traders
|
Top Headlines US Justice Department Brings Charges Against Two FX Traders – Profit & Loss Mark Johnson, the head of global FX cash trading at HSBC and Stuart Scott, former head of FX cash trading for EMEA at HSBC, have been officially charged by the US Justice Department with conspiring to defraud HSBC clients by front running orders. |
HSBC’s Johnson Out on Bond After Airport Arrest in Currency Case
|
Top Headlines HSBC’s Johnson Out on Bond After Airport Arrest in Currency Case – Bloomberg Federal agents surprised an HSBC Holdings Plc executive as he prepared to fly out of New York’s Kennedy airport, arresting him for an alleged front-running scheme involving a $3.5 billion currency transaction in 2011. |
Sterling Bounces After BoE Survey; UK Unemployment Rate Falls to 2005 Low
|
Top Headlines Sterling Bounces After BoE Survey; UK Unemployment Rate Falls to 2005 Low – CNBC The U.K. pound surged to a session high on Wednesday morning following better-than-expected jobs data and a business survey from the Bank of England that showed a muted impact from the country’s decision to leave the EU. |
EU State-Aid Rules for Banks in Crisis Backed by Top Court
Top Headlines
EU State-Aid Rules for Banks in Crisis Backed by Top Court – Bloomberg
The European Union’s top court backed EU guidelines designed to prevent taxpayers from footing the bill for bailing out stricken lenders, strengthening the hand of Brussels regulators as Italy fights to shield some bondholders caught up in the nation’s banking crisis.
European Stocks Rise as Turkish Lira Rebounds After Failed Coup
|
Top Headlines European Stocks Rise as Turkish Lira Rebounds After Failed Coup – Bloomberg Financial markets showed signs of resilience following a failed coup attempt in Turkey, with the lira leading a rebound in emerging-market currencies and stocks gaining ground in Europe and Asia. Haven assets including the yen, gold and U.S. Treasuries fell. |
Truck attacker plows into French crowd, kills 84 celebrating Bastille Day
Top Headlines
Truck attacker plows into French crowd, kills 84 celebrating Bastille Day – Reuters
A gunman at the wheel of a heavy truck plowed into crowds celebrating Bastille Day in the French city of Nice, killing at least 84 people and injuring scores more in what President Francois Hollande called a terrorist act.
- France in Shock as More Than 80 Killed in Terror Attack in Nice – Bloomberg
- Terror Attack in Nice on Bastille Day Kills Dozens – WSJ [subscription]
- Nice attack: France mourns after 84 killed in Bastille Day atrocity – The Guardian
- Nice attack: Who was the killer? – BBC
- Who is the Nice terror attack suspect? Everything we know so far about Mohamed Lahouaiej Bouhlel – The Telegraph
Britain’s new PM May gives Johnson big job, says needs time before Brexit talks
Top Headlines
Britain’s new PM May gives Johnson big job, says needs time before Brexit talks – Reuters
Theresa May became Britain’s prime minister on Wednesday with the task of leading it out of the European Union, and quickly named leading ‘Brexit’ supporters including former London mayor Boris Johnson to key positions in her new government.
China Vows to Protect South China Sea Sovereignty, Manila Upbeat
Top Headlines
China vows to protect South China Sea sovereignty, Manila upbeat – Reuters
China vowed to take all necessary measures to protect its sovereignty over the South China Sea and said it had the right to set up an air defense zone, after rejecting an international tribunal’s ruling denying its claims to the energy-rich waters.