Global debt hit a fresh record above $250 trillion in the first half of 2019, with China and the U.S. accounting for more than 60% of new borrowing, the Institute of International Finance said.
U.S. House Speaker Nancy Pelosi on Thursday said a breakthrough in talks with the Trump administration on the trade pact with Mexico and Canada could be imminent and that she wanted to pass the deal by the end of the year.
House of Representatives Speaker Nancy Pelosi said on Thursday President Donald Trump already has admitted to bribery in the Ukraine scandal at the heart of a Democratic-led inquiry, accusing him of an impeachable offense under the U.S. Constitution.
Federal Reserve Chair Jerome Powell on Thursday said the risk of the U.S. economy facing a dramatic bust is remote, partly because the record-long expansion is notable for not having pockets of overheating activity.
As dollars dry up, global finance is growing increasingly dependent on opaque currency trading to keep cash flowing.
China’s Premier Li Keqiang said the country will further prioritize stabilizing growth, according to state media on Thursday citing a meeting he had with local officials.
he European Union’s executive launched a legal case on Thursday against Britain for failing to name a representative for the new European Commission that is due to take over from Dec. 1.
The German economy unexpectedly rebounded in the third quarter as the trade war between America and China lost some of its intensity, assuaging fears of a recession that could drag down the rest of the eurozone.
Brexit Party leader Nigel Farage on Thursday rejected demands to further help British Prime Minister Boris Johnson by pulling out of contests with the opposition Labour Party, saying his aim was to win enough parliamentary seats to hold Johnson to account.
Sweden’s central bank has ditched bonds issued by Australian and Canadian regions on the grounds that their carbon emissions are too high, as part of its push to use monetary policy in the battle against climate change.
Fourteen trade associations have banded together to urge the European Commission to extend the temporary equivalence and recognition of UK central counterparties (CCPs).
U.S. Commodity Futures Trading Commission Commissioner Rostin Behnam today announced the members of the new Climate-Related Market Risk Subcommittee (Climate Subcommittee) of the CFTC’s Market Risk Advisory Committee (MRAC). Commissioner Behnam is the sponsor of the MRAC.
The U.S. Federal Reserve will not make policy based on day to day developments in U.S.-China trade policy or on Britain’s exit from the European Union, a U.S. central banker said on Thursday, in part because businesses do not make their decisions that way either.
Sweden, unlike most of the rest of the slow-growth world, has had enough of negative interest rates.
Mexico’s central bank cut the benchmark interest rate for a third straight meeting after inflation slowed to target and growth stumbled.
Washington should suspend the special economic status granted to Hong Kong if China deploys its military forces in the city, a congressional body warned on Thursday.
With more than $1 trillion of financial resources backing cleared trades, and billions of dollars of cash flowing daily between members and clients, clearing houses today are systemically important market infrastructures.
The Association for Financial Markets in Europe (AFME) has published a new paper setting out five recommendations to deliver supervisory convergence on the regulation of crypto-assets in Europe.
If the global economic slowdown and uncertainty about the future of US-China trade send the US into recession, it could spur a bull run in cryptocurrencies. But while this shift may provide investors with a temporary safe haven, it is likely to lead many to financial ruin.
Regulators’ efforts to push cryptocurrency startups to comply with laws governing fundraising may be faltering, as several firms that agreed to fix past misdeeds missed deadlines to repay investors or provide more transparency.
In stealth, over the past several months, Peter Smith, CEO of Blockchain.com, has been building a lending business to go head-to-head with firms like Genesis Global Trading and BlockFi.
Switzerland’s primary stock exchange SIX has listed an income-generating exchange-traded product (ETP) based on tezos (XTZ) token.
Custody bank Northern Trust is testing the trading of fractionalized bonds on a blockchain.
High-speed trading firm Virtu Financial has expanded its transaction cost analysis (TCA) tool with the addition of low latency foreign exchange benchmarks.
CLS is releasing an FX forward volume data set as part of its suite of executed trade data products.
Baton Systems, a provider of distributed ledger technology (DLT)–based post-trade solutions for capital markets, and JP Morgan have developed a solution that enables near real-time cash and collateral transfers to multiple clearing houses.
Recently, interest rates and the yield curve have gotten a lot of headlines. Specifically, there has been much discussion around the yield curve un-inverting and what that could mean in terms of a recession. As such, it’s worth taking a closer look at the yield curve and whether it is a reliable indicator of trouble ahead.
The market for hedging currency risk in Argentina has in effect closed just three years since its inception, after the reinstatement of capital controls in September led to a severe disruption in derivatives contracts used by foreign investors.
South Africa is trying to reform its key interbank rate – potentially moving to a risk-free rate some tentatively dub Zaribor – but banks and buy-side participants question the necessity.
Political crises, weak economic growth and social unrest have heightened investor anxiety in Latin America in recent months, but banks, keen on maintaining a strong presence in the region, are staying put.