The Bank of England’s plan is to keep calm and carry on buying.
The future of the euro zone was hanging in the balance but there was still time for a soccer game.
British consumers are starting to bear the costs of Brexit, with companies raising prices of everything from cars to carpets to counter a plunge in the pound caused by the U.K.’s vote to leave the European Union.
Big banks are revving up efforts to combat cybercriminals targeting the financial-services industry.
Investors in money-market funds should prepare now for extensive new rules in mid-October that promise to fundamentally change the $2.7 trillion industry, fund managers and experts say.
In 2011, amid a crackdown on international money laundering, the U.S. Treasury Department tried to close a loophole that authorities said allows drug cartels to move bulk cash across borders on gift and other prepaid cards.
Tullett Prebon has partnered with technology provider GMEX Group to develop a hybrid voice and electronic trading platform for FX options.
Daiwa Securities Group has joined CLS as its newest settlement member.
The dollar weakened on speculation the Federal Reserve will be slow to raise interest rates amid uneven global growth, boosting precious metals and bonds. European stocks snapped a five-day winning streak and most Asian shares fell.
- Asian Shares Hit 1-Year High, Dollar Slips on Weak U.S. Data – Reuters
- Dollar Drops as Fed Rate Rise Prospects Reassessed – Reuters
European shares slipped for the first time in six days, dragged down by energy producers.
Oil markets have been prone to over-bearishness of late with fears over supply returning to the market largely “overdone,” according to the latest oil market analysis by RBC Capital Markets.
As Prime Minister Shinzo Abe sees it, Japan’s tight labor market is a key success of his economic strategy: the unemployment rate is the lowest in 21 years and the job-to-applicant ratio is the highest in 25 years.
U.S. worker productivity fell for the third straight quarter in the spring this year, suggesting that corporate profits may continue to decline and wage growth may remain sluggish.