Top US and Chinese negotiators wrapped up a first day of trade talks in more than two months on Thursday as business groups expressed optimism the two sides might be able to ease a 15-month trade war and delay a US tariff hike scheduled for next week.
- Trade Talk Flop Would Hurt Stocks More Than Mini-Deal Would Help – Bloomberg
- China Hit by EU Tariffs as High as 66% – Bloomberg
- Trump to Meet Chinese Vice-Premier in Washington for Trade Talks – Financial Times
The US economy will likely skirt a serious downturn despite current risks from trade and a slowing global economy, Cleveland Federal Reserve President Loretta Mester said on Thursday, arguing that absent evidence of a “material change” in the outlook the central bank should not cut rates any more.
Boris Johnson can secure a Brexit deal as early as next week, the Irish prime minister claimed yesterday, with both men saying that they could now see the “pathway” to an agreement.
- Glimmer of Hope? Brexit Negotiators to Discuss Upbeat UK-Irish Meeting – Sky News
- No-Deal Brexit an ‘Enormous Challenge’ for Irish Economy: Central Bank – Reuters
- British Pound Eyes Best Day in Seven Months on Brexit Hopes – Financial Times
How rich-world economies work has changed radically, so must economic policy.
Japanese companies overwhelmingly think the nation’s longest postwar expansion is peaking, with two-thirds expecting a tax hike imposed this month by Prime Minister Shinzo Abe to hurt the economy, a Reuters poll showed on Friday.
Top European Central Bank officials squabbled over key elements of the bank’s latest monetary-stimulus package, according to minutes of its September policy meeting, underscoring the challenge incoming President Christine Lagarde faces in mending a rift that could threaten the eurozone’s faltering economic recovery.
Singapore’s central bank will probably ease monetary policy for the first time in more than three years as a global slowdown continues to weigh on the export-reliant economy.
California Governor Gavin Newsom called a widespread electricity shutdown triggered by a power company to prevent wildfires “unacceptable,” saying it resulted from years of mismanagement by the utility.
The US Federal Reserve has unveiled a final package of rules easing capital and liquidity requirements for domestic US and foreign banks that were originally introduced following the 2007-2009 global financial crisis.
Melissa Netram has been named the new director of LabCFTC.
The case of Konstantin Vishnyak, a former VTB banker, shows the UK regulator is ready to use a firm hand where it suspects the destruction of evidence.
The head of the Tokyo Stock Exchange has condemned a Japanese government proposal to sharply tighten rules on foreign investment as “idiotic” and a threat to Japan’s standing in global financial markets.
New regulations will cover certain kinds of funds investing in ‘inherently illiquid assets’.
Disrupt is the “what is hot in Silicon Valley” conference. It was meant to be the biggest, best ever but it seemed pretty quiet for the exhibition of the beating heart of the new economy. There was little-to-no crypto in evidence; certainly it was not there as the next big thing. There was pretty much zero crypto buzz happening and there seemed to be more sighing than grinning when it came up in conversation.
Cryptocurrency liquidity provider B2C2 has launched the market’s first product for trading gold directly against Bitcoin.
Perth Mint has teamed up with a team of scientists in Sydney to come up with the first digital gold token on a public blockchain backed by a government-guaranteed gold.
CFTC Chairman Heath Tarbert has said ether, the world’s second-largest cryptocurrency by market capitalization, is a commodity.
The adoption and widespread use by the mainstream public are vital for crypto and Bitcoin to eventually reach its full potential. Acceptance from global government entities is nearly as important, as they wield the power to prevent the asset class from developing further.
Richard Boardman has joined RBC in London as a managing director, head of financial institutions.
New hedge fund firms have a higher rate of survival in Asia than the US, according to an internal study by Goldman Sachs.
Euronext plans to push deeper into data, private markets and sustainable investing as part of a new three-year strategic plan it has published.
A long-simmering debate in the clearing world on who should swallow losses that have nothing to do with defaults got a new jolt as two US clearers proposed ways of divvying up part of those costs among their members.
The ebb and flow of trade tensions between the United States and China has roiled financial markets for months, and with the December deadline for higher US tariffs on Chinese goods approaching fast no asset class is immune to trade-related risks.
All around the world, fund managers appear to be gearing up for an era of low inflation. Unless, that is, they are investing in the UK.
Those who dismissed it are now confidently asserting how it will work. They are wrong – it will have to be customised to local conditions, which will make it different to the US and Europe.
Revisions to monthly US payrolls figures have become more reliable over the short term while those on industrial production have become less so, according to a Federal Reserve study that finds that policy makers could build such evolutions into their real-time assessments of the economy.