The 27 European Union countries that will remain after Brexit hope to agree on Monday to delay Britain’s divorce until Jan.31 with an earlier departure possible should the factious UK parliament ratify their separation deal, sources said.
Boris Johnson’s government stepped up pressure on lawmakers to back the prime minister’s bid to hold an early election and break the Brexit impasse, saying Britain was being held “hostage” by parliament.
- Ministers’ Hopes are Pinned on New Speaker to Force Election – The Times
- Liberal Democrats Offer Boris Johnson Route to an Election – Daily Telegraph
- UK PM Johnson’s Conservatives Hold 16-Point Poll Lead Ahead of Election Decision – Reuters
US and Chinese officials are “close to finalising” some parts of a trade agreement after high-level telephone discussions on Friday, the US Trade Representative’s office and China’s Commerce Ministry said, with talks to continue.
Argentina’s Peronists swept back into power on Sunday, ousting conservative president Mauricio Macri in an election result that shifts Latin America’s No. 3 economy firmly back toward the left after it was battered by economic crisis.
Christine Lagarde is about to get a harsh snapshot of the challenges that face her when she takes up the European Central Bank presidency this week.
Chancellor Angela Merkel’s coalition faced a renewed setback with a resounding defeat in a state election and its main ally wavering over support for the government.
China’s third-quarter slowdown continued into October, with only a few signs of stabilisation evident amid the weakest pace of expansion in almost thirty years.
Brexit, a lack of FX volatility, benchmarks, market conduct, crypto and algo trading are on the docket for this week’s edition of the podcast.
Mark Johnson’s legal team has filed a petition to have his appeal reheard or reheard “en banc”, before the entire bench of active appeal circuit judges, as he seeks to have his conviction for wire fraud overturned.
Esma pushes dealers to publish standardised fee schedules amid clearing capacity fears.
The exchange association is boosting its research function with appointment of new head of research.
The updated supervisory policy manual seeks to strengthen risk management controls in electronic banking channels by providing more principle-based guidance.
China will further liberalise its capital markets and is studying the application of blockchain and artificial intelligence in cross-border financing and settlement, a senior foreign exchange regulator said.
The Facebook-led cryptocurrency Libra has drawn the ire of politicians and regulators around the world — but it has got banks thinking.
The Standing Committee of the 13th National People’s Congress in China passed a cryptography law on Saturday that will be effective on January 1, 2020.
Blockchain’s potential to disrupt the financial landscape is evident. Even at this early point in the technology’s development, established institutions – including banks and governments – have been quick to note this potential for disruption, and equally quick to attempt to limit its impact.
UK fund managers are coming under increased pressure from trigger-happy administrators to suspend funds in the wake of the Neil Woodford scandal.
Clients are withdrawing money at record rates as portfolio managers find it harder to navigate markets and deliver returns.
The chairman of China’s sovereign wealth fund China Investment Corp (CIC), Peng Chun, said that CIC plans to set up Sino-Japanese and Sino-French funds this year to promote unspecified cross-border investment.
HSBC Holdings Plc is embarking on a fresh round of job cuts, targeting hundreds of employees in the Middle East, North Africa and Turkey as the latest part of the lender’s ongoing cost-reduction program.
Corporate and investment bank was a standout performer in Q3, driven by sales and trading gains.
Markets might currently be overestimating the amount of Brexit premium left in sterling, argue senior analysts at UBS.
The dollar traded near its highest in more than two months versus the yen on Monday ahead of a US Federal Reserve meeting this week where policymakers are expected to cut interest rates but emphasise their reluctance to ease policy further.
As the world’s largest central banks resume asset purchases, the debate over the effectiveness of monetary easing rumbles on. One reason: policymakers have failed to close big gaps between average inflation and their targets.
Fifteen years after they joined the eu, the four “Visegrad” states of central Europe (the v4) can be prouder of their economic achievements than of their patchy record on political reform.
For European Central Bank President Mario Draghi, the battle to save the euro may be over, but for investors the risk of a continued slump in the currency persists.