Profit & Loss understands that former Citi FX trader Carly McWilliams has won her unfair dismissal claim against the bank.
The yen dropped the most in seven weeks amid reports the Bank of Japan may consider helping banks lend by offering a negative rate on some loans.
Dovish global central bank policy, led by the US Federal Reserve, and a rise in the global price of energy, metals and other commodities have been key drivers of the rally in global risk appetite since mid-January.
In 1939, President Franklin D Roosevelt offered a toast to King George VI in the White House. “I am persuaded that the greatest single contribution our two countries have been enabled to make to civilisation, and to the welfare of peoples throughout the world,” he said, “is the example we have jointly set by our manner of conducting relations between our two nations.”
The flood of excess Chinese steel is destabilising the entire global industry. China is on a collision course with the world’s leading powers over excess steel output after it refused to sign up to an emergency global plan to cut capacity and eliminate subsidies.
Interest rates in the EU could fall deeper into negative territory, Mario Draghi said yesterday, as he talked down the prospect of “helicopter money” and hit back at critics in Germany.
Thousands of US finance professionals from Wall Street traders to brokers and investment bankers face new restrictions on pay after regulators put forward long-delayed plans to restrict bonuses.
Prince, the flamboyant musician who blazed a trail through the pop charts over four decades, collapsed and died in a lift at his home in Minneapolis yesterday. He was 57.
There will be no deal between Greece and its lenders on Friday that would unlock loans and enable vital debt relief talks, despite some progress on the reforms Athens must implement in exchange, euro zone and IMF officials said on Friday.
Volkswagen ran an ad for the Beetle in the 1960s that said “it runs and runs and runs”. Seven months into the diesel emissions scandal, the motto looks apt again.
Another car manufacturer is in trouble, after Mercedes-Benz maker Daimler announced an internal investigation into its emissions certification in the US on Friday.
Prime Minister Shinzo Abe has had a great run since assuming power in 2012….He could be in power through 2020, becoming Japan’s longest-serving prime minister. No politician in Japan poses a serious threat.
Mario Draghi has two stubborn adversaries — low inflation everywhere, and low regard in Germany. He’s now extending his offensive on both fronts.
Freight companies reported a slight improvement in conditions, but this was still the weakest April since 2012.
OpenFinOpenFin, today announced that it has provided ICAP Global Broking with its industry leading HTML5 container technology, which will be used with ICAP’s next generation Fusion Desktop platform.
ACI World Congress 2016 – Indonesia, 26-30 April, Jakarta
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