The Federal Reserve cut interest rates for the third time this year but signalled it wouldn’t reduce them further unless the economy slowed sharply.
Chinese officials voiced optimism that Beijing and Washington can find a way to clinch the so-called Phase One trade deal next month, despite the abrupt cancellation of the summit where the heads of state were to meet to formally sign the deal.
Factory activity in China shrank for the sixth straight month in October and by more than expected, while service sector growth eased as firms grapple with the weakest economic growth in nearly 30 years.
The US government is considering selling 50-year bonds, joining other countries around the world that have seized on investors’ hunger for long-dated debt to lock in record-low borrowing costs.
The Bank of Japan kept monetary policy steady on Thursday as expected but offered a stronger signal it may cut interest rates in future, underscoring its concern that overseas risks could derail the country’s fragile economic recovery.
Christine Lagarde assumes the presidency of the European Central Bank on Friday at a controversial time for the institution. But for central bankers, controversy is often a byproduct of necessary intervention. That is certainly true today.
Brazil’s central bank cut its benchmark interest rate to a new all-time low of 5.00% on Wednesday as expected, but signaled that further easing may be less aggressive than it has been in recent months, despite inflation running well below target.
The United States expects Argentina’s incoming Peronist government to uphold the country’s commitment to the terms of its $57 billion International Monetary Fund loan program, U.S. Treasury Secretary Steven Mnuchin said.
Boris Johnson suffered a surprise blow to his election campaign on day one of the contest when senior Cabinet minister Nicky Morgan announced she was quitting politics.
HSBC Holdings Plc lowered its Hong Kong prime lending rate for the first time in 11 years, underscoring the economic challenges facing the financial hub.
Matthew Kulkin, the former director of the US Commodity Futures Trading Commission’s Division of Swap Dealer and Intermediary Oversight, has re-joined the law firm Steptoe & Johnson as a partner and co-chair of its Financial Services Group.
In calling off the IPO and turning back to its private market investors, WeWork symbolised the powerful forces that are reshaping America’s capital markets as the number of new listings shrinks while the power of the private equity industry continues to surge.
Even after billions in government aid, India’s banks have the highest percentage of stressed loans of all major economies.
The FCA’s international director has called for more action from EU regulators on clearing and trading obligations.
A Florida company must pay nearly $2.5 million for lying to investors about its foreign currency trading activities and for misusing funds.
As the blockchain frenzy fades in China, one stock continues to rally as investors bank on its connection with President Xi Jinping.
Halloween is not just a festival for warding off spirits. Anyone with an interest in crypto assets and blockchain technology will also know that October 31 marks the day that the visionary Satoshi Nakamoto released the Bitcoin whitepaper. BTC has come a long way over the past 11 years.
Back in early 2013, the website BitcoinTalk.org asked users to select a slogan for the embryonic cryptocurrency. The winner was “Magic Internet Money,” with runners-up “In Crypto We Trust” and “You Asked for Change, We Gave You Coins.” But it’s the tagline that came in eighth, “Digital Gold,” that has become synonymous with the dominate cryptocurrency.
Bitcoin miners had made almost $15 billion securing the network as of the middle of this month.
In one corner: Twitter’s cofounder and chief executive Jack Dorsey. In the other corner: Facebook’s cofounder and chief executive Mark Zuckerberg. The fight’s prize is the future of money and their respective weapons are bitcoin and libra.
Citi’s intention to cut the number of FX platforms it connects to is the latest – and highest profile – example of the FX industry’s growing antipathy towards fragmentation.
Financial information suppliers are on the hunt for new markets such as wealth management and corporate audiences, according to the chief executive of Factset, as the decline of the traditional dealing floor makes it harder to sell data to traders.
Bank of China Ltd said on Thursday it will assist the country’s finance ministry with the re-issue of euro-denominated sovereign bonds after a 15-year hiatus.
Norges Bank Investment Management, which runs the $1.1tn Norwegian Government Pension Fund Global, is on the hunt for a new chief executive after announcing that Yngve Slyngstad will step down.
A no-deal Brexit is still possible and remains the most significant threat to sterling.
The US Federal Reserve’s third rate cut this year should create space for many emerging markets to boost their economic growth and increase investment, Indonesia’s Finance Minister Sri Mulyani Indrawati said on Thursday.
One of Christine Lagarde’s most important tools for stimulating inflation might be falling out of favour even before she gets to wield it as European Central Bank president.