China to Extend Onshore FX Trading to Overlap with London – Reuters China’s foreign exchange market will soon extend trading hours for the yuan to 11.30 p.m. (1530 GMT) to overlap with European trading hours, according to three sources with direct knowledge of the matter.
UK Eases Senior Manager Regime – Profit & Loss The UK Treasury has moved to allay concerns in the country’s financial sector that the impending Senior Managers and Certification Regime will lead to an exodus of financial markets talent to other regions.
UK Banks May Need $5.1 Billion of Capital for Ring-fencing – Bloomberg The UK’s largest banks may face higher capital requirements under Bank of England rules on the separation of retail operations from riskier investment banking.
New Agreement Strengthens Singapore’s Push to be RMB Centre – Profit & Loss Singapore and China have agreed on new initiatives to further promote the international use of the renminbi (RMB) through Singapore.
Fed Doubts Grow on 2015 Rate Hike – Wall Street Journal (subscription) Weakness in retail sales, inflation data raises concerns about economic outlook.
ECB’s Nowotny Says Euro-Area Core Inflation `Clearly’ Below Goal – Bloomberg European Central Bank Governing Council member Ewald Nowotny said both headline and core inflation in the 19-nation euro area are “clearly” undershooting the institution’s goal.
BlackRock’s Fink: Rising Dollar Could Bring ‘Extreme Problems’ – Financial News (subscription) The head of giant money manager BlackRock warned on Wednesday that a deeper slump in commodity prices and an even stronger dollar pose the greatest threats to global markets.
Applying the Brakes is the New Way to Try to Beat the Market – FT.com (subscription) High-frequency trading (HFT) attracted public attention with the flash crash of May 2010. The story of the market dropping 400 points in minutes and rebounding because of superfast technology opened a window into a world that only traders, executives and boffins previously knew about.