Boxed in by parliament, British Prime Minister Boris Johnson’s next move on the Brexit chessboard will most likely be played with the ruthless bravura that his senior adviser, Dominic Cummings, built his reputation on.
- Brussels Senses Johnson Shift on Northern Ireland-Only Backstop – Financial Times
- Could Boris Johnson Have the Answer to Solve the Brexit Deadlock? – Daily Telegraph
- Irish PM’s Ally to Get Key Post-Brexit Role as EU Trade Commissioner – The Guardian
Mark Carney has compared the pound to an emerging market currency over the way it has swung wildly in recent weeks as Brexit uncertainty intensified.
Germany shouldn’t wait for an economic shock before boosting public investment, according to the International Monetary Fund, which said the nation faces structural challenges that are best addressed now.
Deutsche Bank is now forecasting another 100 basis points of rate cuts and see growth falling to below 1.5% by mid-2020, assuming there is no escalation in the trade war between the United States and China.
Prime Minister Justin Trudeau is expected to officially kick off Canada’s election campaign Wednesday, with polls showing his Liberals locked in a tight race with the opposition Conservative Party ahead of the Oct. 21 vote.
Spain is on course for a general election – its fourth in four years – after talks between the country’s caretaker Socialist government and the radical left wing Podemos party broke down.
More than five years since global foreign exchange (FX) trading was tainted by a rigging scandal, a handful of banks are more dominant than ever and show no sign of weakening their grip on the $5.1 trillion (4.1 trillion pounds)-a-day electronic market.
China’s foreign-exchange regulator said Tuesday it will scrap investment limits for two foreign-investor investment schemes, in a bid to entice more funds into its capital markets amid rising outflow pressure.
Investors and traders in the $16tn US Treasuries market — which sets borrowing costs for the government, while also providing a starting point to price trillions of dollars in other assets — now have a daily “closing price” to use as an independent benchmark.
Libor Transition: Between a Rock and a Hard Place – Euromoney
Banks are caught in the middle of regulatory pressure from above and corporate inertia from below when it comes to transitioning away from Libor, but they are the lynchpin on which the whole process depends.
Widespread lack of understanding could hinder renegotiation of loan terms.
The U.S. Commodity Futures Trading Commission has filed a civil enforcement action in the Southern District of New York against defendants Dominick Vincent Carducci and his company VOS Capital Management, LLC(VOS Capital), both of South Carolina.
The recent revision of Volcker Rule limits on banks’ ability to speculate with their own capital has cost regulators a meaningful supporter: Paul Volcker.
Gemini is diving deeper into the market for cryptocurrencies with the launch of a new qualified custody unit, the firm announced Tuesday.
After 10 years of existence, the question of whether or not the mass adoption of cryptocurrency has been started is still debated in the space.
Bitcoin, which has been suffering from relative stagnation in recent weeks, saw a key measure of volatility fall to its lowest in roughly four months with 30-day volatility, calculated using price data from various exchanges, reaching 53.5%.
Someone has made one of the biggest transactions in bitcoin history: 94,504 bitcoins. At the then-current bitcoin price of around $10,600, this transaction was worth almost exactly $1 billion. It’s now worth around $967 million.
Market sources tell Profit & Lossthat Adrian Boehler has joined UBS as global head of FX distribution.
Financial institutions across the globe will allocate almost half (48%) of their IT budget to spending on public cloud services in 2020, up from 41% this year and 34% in 2018, according to the results of Refinitiv’s latest research into the use of cloud technology for financial data.
Tradefeedr, the FX data analysis platform has partnered with Goldman Sachs, UBS & XTX Markets as the first participants on its platform.
Joe Ziccarelli has left his role as managing director, head of sales, at CLS Group.
The London Stock Exchange Group’s (LSEG) interest rate derivatives platform CurveGlobal has introduced a new trading fee scheme, which includes an ‘all you can eat’ option for a fixed fee.
US job openings fell for a second straight month in July amid decreases in wholesale trade and the federal government, bolstering economists’ views that job growth has peaked.
The fast-deteriorating record of debt, deficits and inequality in Donald Trump’s United States is creating an unprecedented policy challenge that left unattended will “profoundly shake” the very core of the country’s financial, political and social fabric, says Australia’s diplomatic envoy to New York.
China and the US are looking at a new round of trade talks. But dire US relations with Iran complicate China’s attempts to import Iranian oil and meet its huge energy needs.
The price of gold could hit a record high of $2,000 an ounce within the next two years as US economic growth fades and the Federal Reserve cuts interest rates, according to analysts at Citigroup.