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.
- Theresa May’s Cabinet reshuffle: Boris Johnson appointed Foreign Secretary as George Osborne is sacked and replaced by Philip Hammond – The Daily Telegraph
The United States is using quiet diplomacy to persuade the Philippines, Indonesia, Vietnam and other Asian nations not to move aggressively to capitalize on an international court ruling that denied China’s claims to the South China Sea, several U.S. administration officials said on Wednesday.
The yen surrendered its early gains in Asia on Thursday, while sterling pushed higher but remained capped ahead of a Bank of England meeting that is expected to deliver an easing to blunt the economic fallout of Britain’s vote to leave the European Union.
Emperor Akihito plans to abdicate within a few years, a government source said Wednesday.
New Zealand’s central bank said it will issue an unscheduled assessment of the economy next week, prompting traders to increase bets on an interest-rate cut in August.
Convicted spoofer Michael Coscia has been sentenced to three years in jail by a US court – the first incarceration of its kind in the US.
The Securities and Exchange Commission today announced that it has adopted amendments and guidance related to rules regarding the regulatory reporting and public dissemination of security-based swap transactions, known as Regulation SBSR.
The European Union’s antitrust regulator is slated to file additional formal charges against Alphabet Inc.’s Google on Thursday, according to several people familiar with the matter, cranking up pressure on the Silicon Valley firm to change the way it operates in a range of services.
Paul Fisher, who is due to retire from his position as deputy head of the UK’s Prudential Regulatory Authority (PRA) later this month, has been named as the next chair of the London Bullion Market Association (LBMA).
Senior bankers in London are growing frustrated with JPMorgan Chase’s public warnings that it may cut thousands of jobs in the UK, saying such remarks send an unhelpfully negative message.
Singapore Exchange (SGX) has suffered its fourth outage in the past two years today, the exchange posting a message on its website saying trading was suspended at 11.38 am local time “due to duplicate trade confirmation messages being generated”.
While central-bank bond buying is the proximate cause of a plunge in U.S. Treasury yields, the drop represents the cost of economic and political choices made over decades.
Australian employment rose only modestly in June while the unemployment rate ticked up to 5.8 percent, yet a sharp jump in full-time jobs was welcomed by investors who nudged the local dollar higher.
Stock forecasters at European banks are resigning themselves to the prospect of steep losses for the region’s equities in 2016.