Hong Kong’s airport resumed operations on Wednesday, rescheduling hundreds of flights that had been disrupted over the past two days as protesters clashed with riot police in a deepening crisis in the Chinese-controlled city.
- Hong Kong Airport Obtains Injunction to Stop Protesters Obstructing Operations – Straits Times
- Yuan Drop Could Roil Already Strained Hong Kong-Protest Hit Economy –South China Morning Post
US President Donald Trump on Tuesday backed off his Sept. 1 deadline for 10% tariffs on remaining Chinese imports, delaying duties on cellphones, laptops and other consumer goods, in the hopes of blunting their impact on US holiday sales.
Stocks and currency had plummeted amid growing prospect that October elections will return the left-wing Peronist movement to power.
- Argentina’s Massive Sell-Off Had a 0.006% Chance of Happening – Bloomberg
- Argentina Elections: Why Investors Believe Macri’s Time is Up – Financial Times
Prime Minister Boris Johnson’s staff talk about an imminent general election as though it were a fact, and on Tuesday, a Conservative politician accidentally published a draft email about his “GE2019 team.”
Negative interest rate policy – an unconventional gambit once only considered by economies with chronically low inflation such as Europe and Japan – is becoming a more attractive option for some other central banks to counter unwelcome currency rises.
The Italian Senate postponed till next week further debate on an ongoing government crisis, frustrating a push by Matteo Salvini, leader of the far-right League party, for new elections.
A familiar bogeyman is lurking alongside the gut-wrenching swings across assets of all stripes: illiquidity. It’s problematic even by the dire standards of August, according to JPMorgan.
CCP12, EACH say there is no need for added granularity or prescriptive requirements in CCP default auctions.
Asia’s benchmark administrators are closely watching efforts to establish a term version of US dollar Libor’s replacement, the secured overnight financing rate.
Wall Street watchdogs are poised to take a major step toward overhauling Volcker Rule limits on banks’ ability to trade with their own funds, according to four people familiar with the effort, moving to ease post-crisis safeguards reviled by the industry.
The head of clearing at Isda says EU and US CCP tiering proposals are not as far apart as they seem.
A New York federal judge on Tuesday ruled that two foreign currency exchange traders facing charges over a purported $1.1 million fraud scheme targeting Korean-Americans will face separate trials, deeming a joint trial off the table in light of one trader’s plan to implicate the other.
The United States Securities and Exchange Commission has delayed its decision on three Bitcoin exchange-traded fund proposals.
While it has even been suggested that London will overtake San Francisco as the fintech unicorn capital of the world, the UK has been less welcoming of crypto than it has of traditional finance.
The turmoil in Argentina and Hong Kong is prompting local investors to pay a premium for Bitcoin, with the leading cryptocurrency proving to be less of a refuge for everyone else than advertised.
A Singaporean start-up is looking to transform the face of Southeast Asia by building smart cities powered by blockchain technology – starting with an ambitious 100-hectare mixed-use development project in the heart of the
Cambodian capital, Phnom Penh.
Bloomberg today announced that it has acquired RegTek.Solutions, a provider of global regulatory reporting software solutions.
A Brazilian hedge fund was among the casualties of Monday’s market rout on Argentine assets, with at least 75 percent of its equity exposure suffering losses between 25% and 59%.
The head of the US Federal Trade Commission said he’s prepared to break up major technology platforms if necessary by undoing their past mergers as his agency investigates whether companies including Facebook are harming competition.
The fixed income trading platform space has started to consolidate with news that MarketAxess is buying US Treasury trading platform LiquidityEdge for $150 million.
Worse than being unjustified, Washington’s decision to brand China a currency manipulator was misguided as it could backfire on the US economy.
If President Donald Trump’s tweets are taken at face value, the US-China trade war is a “beautiful thing” combating Beijing’s sharp practices while helping to attract “massive amounts of money” into the US. However, key data tell the opposite story.
The spread between yields on US two-year and 10-year notes, a closely watched metric, is likely to invert for the first time since 2007. That would follow the inversion of another part of the yield curve earlier in the year.