Class Action Comes to UK With Major Forex Rigging Suit
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Class Action Comes to UK With Major Forex Rigging Suit – Law360
A consumer antitrust suit brought by investors seeking at least £1 billion from five banking giants over allegations of foreign exchange rigging is set to be heard at a London tribunal on Wednesday 6 November.
Read MoreCummins Claims Agreement with Aiyer and Two Others to Boost Profits
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Cummins Claims Agreement with Aiyer and Two Others to Boost Profits – FX Week
Christopher Cummins, a former currency trader at Citi, told a New York jury that he and three other traders at rival banks had an agreement to help each other via an alleged pact, whereby they would spoof emerging currency markets and trigger clients’ stop losses to make a profit.
Read MoreWe Need to Admit the Euro was a Mistake
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We Need to Admit the Euro was a Mistake – Financial Times
Hungary’s central bank governor says “the time has come to seek a way out of the euro trap.”
Read MoreTrump Says US and China Looking for New Site to Sign Trade Deal
Trump Says US and China Looking for New Site to Sign Trade Deal – Wall Street Journal
President Trump said China and the US are in the process of selecting a new site to sign what he has called phase one of a broader trade agreement between the two countries.
Read MoreFed Cuts Rate for Third Time This Year, Signals Pause
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Fed Cuts Rate for Third Time This Year, Signals Pause – Wall Street Journal
The Federal Reserve cut interest rates for the third time this year but signalled it wouldn’t reduce them further unless the economy slowed sharply.
Read MoreUK Set for December 12 General Election
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UK Set for December 12 General Election – Daily Telegraph
Britain will go to the polls on Thursday, Dec 12 after MPs finally answered Boris Johnson’s call to end Parliament’s “stasis” at the fourth time of asking.
- General Election Will Get Brexit Done, says Johnson – The Times
- Will Johnson’s High Stakes Election Gamble Backfire? – Financial Times
- Sterling Jumps After Labour Backs Snap Election Vote – Financial Times
Johnson Will Ditch Brexit Bill in Last Bid for Early General Election
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Johnson Will Ditch Brexit Bill in Last Bid for Early General Election – The Times
Boris Johnson will make one last effort today to send Britain to the polls before Christmas but could be thwarted by a squabble over the exact election date.
- PM Ignores Senior Tory Doubts and Presses on With December Poll – Financial Times
- Johnson Loses Bid for Early Election but Takes New Tack to Get One – Wall Street Journal
- UK Lawmakers Reject PM Johnson’s Early Election Bid – Reuters
EU Hopes to Endorse Brexit Delay to January 31 with Earlier Departure Possible
EU Hopes to Endorse Brexit Delay to January 31 with Earlier Departure Possible – Reuters
The 27 European Union countries that will remain after Brexit hope to agree on Monday to delay Britain’s divorce until Jan.31 with an earlier departure possible should the factious UK parliament ratify their separation deal, sources said.
Read MoreEU to Consider Brexit Extension as MPs Mull Election
EU to Consider Brexit Extension as MPs Mull Election – BBC
EU ambassadors are to meet to discuss what length of Brexit extension to offer the UK, as MPs consider Boris Johnson’s call for an early election.
- Labour in Chaos Over Election Bid by Boris Johnson – The Times
- Johnson’s Election Bid Casts Doubt Over EU Brexit Delay – Bloomberg
- Brexit’s Catch 22: London Awaits EU Move as EU May Wait for UK – Bloomberg
EU Keeps Boris Johnson Waiting Over Length of Brexit Extension
EU Keeps Boris Johnson Waiting Over Length of Brexit Extension – Bloomberg
The European Union left Boris Johnson hanging on Wednesday night as officials in Brussels debated whether to grant him a third extension to the Brexit process.
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