The world’s reserve currency is rising in early European trade, but it remains caught between an uneasy political backdrop and uncertainty about the number of interest rate rises ahead in 2019.
Sterling rose to a two-week high as the dollar sold off after data showed US consumer price inflation in February cooled and President Donald Trump said he had fired US Secretary of State Rex Tillerson.
Market participants need to file a claim for a share of the settlement fund of more than $2 billion from the FX benchmark-fixing class action lawsuit by March 22, or face being excluded from the group of investors who could be eligible for compensation.
Robert Bogucki’s lawyers will argue the US abused a transnational document request to extend the statute of limitations.
The International Monetary Fund can play a central role in coordinating the global regulation of cryptocurrencies so they aren’t used for illegal purposes, said Managing Director Christine Lagarde.
The brothers, who run the Gemini exchange for trading Bitcoin and Ether, have submitted a proposal to create the Virtual Commodity Association, a self-regulatory organization meant to police digital-currency markets and custodians.
- Statement of CFTC Commissioner Brian Quintenz on a Proposal by Cameron and Tyler Winklevoss for a Virtual Commodity SRO – CFTC
Japanese cryptocurrency exchange Coincheck has paid nearly $435m to investors and has resumed limited trading after being targeted in one of the world’s biggest heists.
President Donald Trump’s administration is considering a trade package including indefinite tariffs, investment restrictions and possible visa restrictions on Chinese travelers, a source told CNBC.
- Trump’s Trade War and the $470 Billion Hit to the Global Economy – Bloomberg
- China to Dominate Global Financial Trading in Next Decade, Says FIA CEO – Metal Bulletin (subscription)
Cross-border trading, which makes up a significant portion of the volume of the futures industry, is becoming increasingly more challenged, according to Futures Industry Association (FIA) president and chief executive officer Walt Lukken.
Traditional safe havens haven’t been working out for investors in the latest ructions in financial markets, strategists at Goldman Sachs warned.
President Donald Trump said he is “very strongly” considering naming CNBC commentator Lawrence Kudlow to replace Gary Cohn as director of the National Economic Council.
The Financial Services Roundtable, a group whose members include the biggest US banks and payments companies, is merging with the Clearing House Association, a Wall Street trade group, the two groups announced in a statement.
Council and some MEPs try to kill cross-border capital and liquidity waivers in CRR II.
Officials of three federal bank regulatory agencies said that they would be more flexible in applying third-party risk management guidance as more banks partner with fintech firms.
A major trade union is preparing to report several well-known hedge fund and asset managers to the UK financial regulator, claiming they are not complying with a code meant to improve investor engagement and risk management.
World’s largest interdealer broker says £27m in savings from ICAP deal cost £79m to achieve.
The flash estimate for the Barclay CTA Index, compiled by BarclayHedge, indicates a 2.89% loss in February, meaning year-to-date, the Index is down 0.33%.
FAM Clearing, a joint venture between Advanced Markets and Fortex, has announced the appointment of Raphael Ribeaucourt as a vice president of institutional sales.
Saxo Bank has appointed Vivienne Yu as CEO of Greater China to help grow the firm’s retail and wholesale business in the region.
Hehmeyer Trading + Investments, a proprietary trading firm based in Chicago, has launched a new fund aimed at providing certain qualified investors access to the cryptocurrency market.
The Turkish lira hit a record low against the euro and bond yields rose to the highest in more than three months as investors fretted about a widening current account, conflict in Syria and the possibility of early elections.
South Africa’s rand rose as the dollar fell after US President Donald Trump fired Secretary of State Rex Tillerson, while stocks weakened.
The biggest Indonesian platform to buy and sell digital currency may soon have more members than the nation’s century-old stock exchange.