China’s chief trade negotiator indicated he was “cautiously optimistic” about reaching a phase one deal with the US, as two titans of American diplomacy in Asia warned of the dangers of escalating the tariff war.
- Currencies in Paralysis as Trade ‘Headline Fatigue’ Sets In – Reuters
- Why Now Is a Good Time to Start Worrying About a U.S.-China Trade Deal – Bloomberg
Trump administration officials are considering whether to start a new trade investigation against the European Union as the window closes for hitting Brussels with automobile tariffs, according to multiple people briefed on the issue.
A Chinese national who worked for Monsanto before it was purchased by Bayer AG was charged in St. Louis, Missouri, with stealing trade secrets for China, the US Justice Department said.
One source says Beijing may decide to ‘fight and talk alternatively’ and is now closely monitoring the US president’s next move following the vote by Congress.
Michael Bloomberg, the billionaire former mayor of New York City, has taken another step towards declaring his official candidacy for president by filing paperwork with the Federal Election Commission to run as a Democrat.
China on Friday revised up its nominal 2018 gross domestic product by 2.1% to 91.93 trillion yuan ($13.08 trillion), keeping it on track to achieving its goal of doubling the size of its economy by 2020 from 2010.
European Central Bank President Christine Lagarde is facing calls to refocus her lobbying for looser fiscal policy on a euro-zone budget, rather than seeking national stimulus.
This week’s pre-election debate may have been too close to call, but for U.K. investors positioning for the December vote there’s not much doubt: Incumbent Boris Johnson remains on course for victory.
Pronounced wealth inequality that has built up for decades poses a major threat to a U.S. economy that is in otherwise “excellent” shape, former Federal Reserve Chair Janet Yellen said.
Currency deals have left some small businesses nursing big losses.
Judy Shelton, one of President Donald Trump’s most recent picks for the Federal Reserve board, challenged an article of faith regarding the US central bank in private comments to a bank executive last month: that it should operate free of political influence.
The stigma attached to borrowing from the Fed’s emergency lending window has contributed to recent turmoil in overnight lending markets.
The FSB says a pre-cessation trigger should be added alongside a cessation trigger as standard language in definitions for both new and outstanding derivatives contracts.
Dame Helena Morrissey appeared to rule herself out as a candidate to be the first ever female governor of the Bank of England when she agreed to go on to the board of St James’s Place yesterday.
Binance Holdings Ltd., operator of one of the world’s largest cryptocurrency exchanges, said it doesn’t have any “fixed offices in Shanghai or China” amid rumors that police raided the facilities in the nation’s biggest city.
In the face of censorship and isolation from their countries’ financial and communication systems, protesters across the globe are testing out bitcoin and other decentralised technologies – then promptly discovering their limitations.
Bitcoin broke below $8,000 for the first time in nearly a month as its recent sell-off dragged on for the seventh straight day.
American lawmakers have reportedly introduced a bill aiming to put Facebook’s Libra under the jurisdiction of the Securities and Exchange Commission.
It has been a grim end to the week for Ethereum. The world’s number two crypto asset has held up resiliently for most of this month while Bitcoin has been eroded. That resilience ended a few hours ago when ETH prices collapsed by 9 percent.
CME has picked December 9 to start testing its Bitcoin options contract with launch set for January 13.
Louis Bacon, the veteran hedge fund manager, is closing his flagship hedge funds to external money and stepping back from day-to-day trading at his 30-year-old Moore Capital Management, according to a letter sent to investors on Thursday.
TickTrade Systems, which provides FX trading and payments solutions for financial institutions, has announced a new investment by, and relationship with, SVB Financial Group, the parent company of Silicon Valley Bank.
The Tokyo government has embarked on a discreet bid to woo hedge funds away from crisis-hit Hong Kong, dispatching a delegation to the city this week on a 48-hour mission to persuade money managers to relocate to the Japanese capital.
Charles Schwab Corp is in advanced talks to acquire TD Ameritrade Holding Corp a person familiar with the matter said, in a deal that could exceed $26 billion and combine the two largest US discount brokerages.
For Javier Hernani and the Spanish stock exchange he runs, the overtures couldn’t have come at a better time. With revenue and profits sinking, the Madrid’s bourse’s share price was down the past five years – until this week, when his Bolsas y Mercados Espanoles SA suddenly emerged as the target of a bidding war.
China still has room to adjust its fiscal, monetary and real-estate policies if uncertainty over trade with the US generates further downward pressure on the economy, central bank adviser Ma Jun said Friday.
The number of Americans filing applications for unemployment benefits was unexpectedly unchanged at a five-month high last week, suggesting some softening in the labour market.
Global economic growth could improve from here, if Deutsche Bank economists are reading the tea leaves correctly.
Investors are giving Germany the benefit of the doubt after a year of economic turmoil that put the economy on recession watch.
Scheme has sparked criticism that heavy central bank purchases are warping the market.
The global economy is stuck in a rut that it won’t exit unless governments revolutionize policies and how they invest, rather than just hoping for a cyclical upswing, the OECD said.