China’s central bank is willing to let the yuan fall to 6.8 per dollar in 2016 to support the economy, which would mean the currency matching last year’s record decline of 4.5 percent, policy sources said.
The yen is flipping between its biggest monthly advance since 1998 and 2008 as financial turmoil sparked by the U.K.’s decision to leave the European Union spurs a global flight to haven assets.
Japan’s Nikkei share average erased earlier gains to end almost flat on Thursday, but suffered its biggest monthly decline in four years as the shock of Britain’s vote to leave the European Union sowed deep uncertainty.
Singapore-based United Overseas Bank, Southeast Asia’s third-largest bank by assets, has suspended loan applications for London properties as investors assess the uncertainties caused by UK’s vote to leave the EU .
Theresa May will on Thursday launch her bid to become prime minister with a promise to restore business confidence and stability to a country reeling from last week’s Brexit vote.
Justice Secretary Michael Gove is to run to be the next Conservative Party leader and UK prime minister. Mr Gove, a prominent figure in the Brexit campaign, had been expected to support Boris Johnson’s candidacy.
Let us separate matters. We face a political upheaval of the first order, but this is a necessary catharsis. Governments come and go. So do political parties.
Following the results of the UK referendum decision to leave the European Union last week the common consensus amongst FX market participants has been that the biggest surprise – apart from the result itself – was how well the FX market handled the resultant volatility.
A British man who allegedly snatched a police officer’s gun at a rally for the presumptive Republican presidential nominee Donald Trump in Las Vegas has been charged in the US.
The Financial Markets Standards Board (FMSB), established in the wake of last years Fair and Effective Markets review (FEMR) process in the UK, has published its first draft standard aimed at improving conduct in FICC markets.
The Securities and Exchange Commission today announced that C. Dabney O’Riordan has been named co-chief of the Division of Enforcement’s Asset Management Unit, a national specialized unit that focuses on misconduct by investment advisers, investment companies, and private funds.
The U.S. Commodity Futures Trading Commission’s (CFTC) Division of Market Oversight (Division) announced today that it issued the results of a rule enforcement review of the CBOE Future
Federal Reserve officials cleared dozens of U.S. banks to boost shareholder payouts after conducting annual stress tests that proved too rigorous, again, for subsidiaries of Deutsche Bank AG and Banco Santander SA.
Shares in Italy’s main bank index tumbled 4.5 per cent on Thursday, amid worries a touted government bailout plan will not materialise after being shot down by Angela Merkel.
Toronto-based Overbond, a fintech entrant into the new bond issuance market, has launched an end-to-end platform and support framework for primary bond origination.
SA’s Competition Tribunal – Approves Anheuser-Busch InBev merger with SABMiller with attached conditions; Conditions are for the most part similar to those proposed by the Competition Commission in its recommendation
I don’t think there is anyone out there who doesn’t think the FX market performed well under the stress of the surprise outcome from the UK referendum last week, but I suspect the real test is only just starting.
Before U.K. voters went to the polls to decide whether to remain in the European Union, at least three prominent hedge funds sought ways to predict the outcome.
The UK’s current-account deficit stood at £32.6bn in the first quarter of this year, the Office for National Statistics said – a reminder of the extent to which the country relies on the kindness of strangers.
Continued market uncertainty following the UK’s vote to leave the European Union vote has led to a flight to safe haven currencies and raised questions about the future of financial regulation, although corporates appear to be coping well with the volatile trading environment.