European Central Bank President Mario Draghi all but pledged to ease policy further as the growth outlook deteriorates and even hinted on Thursday at a reinterpretation of the ECB’s inflation target, the cornerstone of its entire policy framework.
- Wall Street Drops on Earnings as Euro Swings on ECB Rhetoric – Financial Times
- For Traders, Draghi Wasn’t Dovish Enough as Rate Cut Priced In – Bloomberg
- Draghi Sparks a Wild Ride in Markets and Cements Expectations for a Fed Cut – CNBC
Victory for Johnson has sent the pound down slightly and greatly increased the likelihood of the country crashing out of the European Union.
Brussels has roundly rebuffed Boris Johnson after he laid down tough conditions for the new Brexit deal he hopes to strike over the summer.
Turkey is about to embark on one of the greatest central banking experiments – and the timing couldn’t be better.
The EU is working on a strategy to avoid a “Brexit cold war” amid fears that relations between Brussels and London could break down completely after a no-deal Brexit.
Billionaire hedge fund manager Kyle Bass is doubtful a trade deal between the US and China could be reached and believes the Federal Reserve’s rate cuts are less effective these days.
Two bank precious metals traders have pleaded guilty to spoofing charges brought by US authorities.
The Central Bank of Ireland is investigating almost 200 investment funds for possible mis-selling after the financial regulator launched a probe into the practice of asset management companies hawking expensive, supposedly market-beating funds that only track the index.
The FICC Markets Standards Board has named Martin Pluves as its new CEO.
Avid students of the literature on monetary innovation might feel deja vu when reading Facebook’s Libra white paper.
When Bitcoin hit a 17-month high in late June, the milestone was met with some skepticism. Big jumps in a short period of time can signal that someone is trying to artificially move the market, says John Griffin, a finance professor at University of Texas at Austin. “The extreme volatility suggests that manipulation is rampant.”
A federal judge has refused to dismiss a $224M lawsuit against telecom giant AT&T for a SIM swap attack that led to $24 million in stolen cryptocurrency.
TD Ameritrade’s outgoing CEO has indicated that clients are asking for investment opportunities in cryptocurrencies and that his firm may be looking for ways to serve thatneed.
United States cryptocurrency exchange Kraken has hired the ex-managing director of over-the-counter trading platform B2C2 to head of development at its new Bitcoin futures operation.
LCH has appointed Isabelle Girolami as its CEO, effective November 1.
Interest in RBA governor Philip Lowe is on the rise as he takes the cash rate into unconventional territory.
Japanese banks have spent more than three years trying to flee negative interest rates at home by ramping up lending abroad. Now their escape routes are closing.
Deutsche Boerse is aiming for larger M&A deals with a “carve-out deal” for Refinitiv FX units still on the cards.
WeMatch, a Web-based platform thus far focused on equity markets and OTC-cleared derivatives, has added euro interest rate swaps to its suite of products.
This time last year, the MSCI Emerging Markets Index, a leading gauge of stocks in developing economies, was halfway through a brutal sell-off triggered by tighter monetary policy in the United States and the escalation of the US-China trade war.
The US-China trade war is threatening to drag Singapore into a recession and aggravating underlying risks in the former tiger economy.
The dollar traded near a two-week high versus the yen as investors pared expectations for aggressive Federal Reserve interest rate cuts ahead of key US economic data due later in the day.