Draghi Says Growth Returning, Calls for Further Euro Integration – Bloomberg European Central Bank President Mario Draghi said growth is returning in Europe, after the region failed to make a major contribution to the global expansion in the past seven or eight years.
PBOC’s Yi Proposes Punitive Tobin Tax to Deter Yuan Speculators – Bloomberg China should implement punitive measures such as a so-called Tobin tax to deter currency speculators, according to central bank Deputy Governor Yi Gang.
Job Growth Seen Accelerating, Leaving Fed Closer to Hike – Reuters US employers likely added jobs at a brisk pace in September, a sign that the labor market is near full strength and could push the Federal Reserve to raise interest rates
Moving From T+2 to T-Instant – Financial News (subscription) In the securities domain, there have been many complaints about the operational complexity and the high cost of post-trade processing.
Banks Finalize $1.86 Billion Credit-Swaps Settlement – Wall Street Journal (subscription) Wall Street’s biggest banks have agreed to pay $1.86 billion to settle accusations that they conspired to prevent competition in the credit-derivatives markets, according to plaintiff lawyers in the private lawsuit.