Boris Johnson is facing a Brexit delay of up to three months after MPs derailed his plan to rush a deal through the Commons.
- EU Moves Towards Brexit Delay as PM Johnson Seeks Election to Break Impasse – Reuters
- Pound Falls Against Dollar, Euro After Brexit Delay – Reuters
The Chinese government is drawing up a plan to replace Carrie Lam, Hong Kong’s leader, with an “interim” chief executive following violent protests against her administration, according to people briefed on the deliberations.
The German government is set to nominate Isabel Schnabel, an economics professor and government adviser, to the executive board of the European Central Bank, marking a potentially important shift in both strategy and policy.
The Federal Reserve Bank of New York injected $99.9 billion in temporary liquidity and $7.5 billion in permanent reserves into financial markets Tuesday.
Canada’s general election, held on October 21st, proved more divisive than decisive.
President Donald Trump’s G7 and trade adviser, Kelly Ann Shaw, is leaving his administration for a position in the private sector, White House officials said, marking the departure of one of the most senior women on the president’s economic team.
Newly appointed Australian Treasury secretary Steven Kennedy says that monetary policy remains a better response than fiscal stimulus to generate economic growth.
Brussels has fired a warning shot at France over its 2020 spending plans in a humiliating blow for President Emmanuel Macron, after he slashed taxes to appease the “yellow vest” protestors.
Global regulators might have delayed completion of a major reform of derivatives trading rules by a year, but currency markets are already changing in anticipation. One aspect of the reform that investors and dealers can agree on is that trading costs will rise — the question is only how much, and who will pay.
The dominant US exchange groups are fighting to expand their market data businesses but face a stand-off with the securities regulator over fees.
More entrants are joining the contest to provide forward-looking versions of overnight risk-free rates, despite UK regulators playing down the long-term prospects of such projects.
CME group publishes proposals for SOFR discounting and price alignment for cleared US dollar interest rate swaps.
What does good governance really mean? What does it mean to follow best practices? Are there really best practices that make sense for all companies?
Facebook Inc.’s idea of a global cryptocurrency may get demoted to something more humble. You can almost hear a collective sigh of relief from Asian central banks.
Cryptocurrencies look overhyped, the new payment platforms useful and Libra worrying.
As Bitcoin becomes boring for many in the get-rich-quick crowd with volatility ebbing, trading in derivatives of the largest cryptocurrency is exploding.
This paper considers the motives, modalities, and possible consequences of central bank digital currency issuance, starting by drawing a distinction between a wholesale and retail digital currencies.
Congress may consider a bill to classify stablecoins – cryptocurrencies whose values are pegged to a fiat currency or other assets – as securities.
A new report from Greenwich Associates claims that the adoption of algos by FX market participants has increased by 25% year-on-year.
Profits and revenues jumped at Brevan Howard in 2019, suggesting the celebrated global macro hedge fund may be turning a corner on a period of poor performance and lean results.
Eurex Clearing is inviting market responses on the extension of its clearing service to cover all OTC currency products.
Negative interest rates, new regulations and sluggish economy mean tougher challenges.
China dangles carrots by offering belt and road investments, and its vast market and trade, while the US wields the stick of sanctions and threats to withdraw financial support. But both rely on the common influence of money to persuade others.
Sterling has moved in greater than 1% range for nine consecutive trading days.
Brazilian markets surged on Tuesday ahead of the expected final approval of a landmark pension reform bill aimed at helping to curb the mounting fiscal deficit in Latin America’s largest economy.