Hong Kong’s deepening political crisis now risks becoming an economic one.
- Hong Kong Airport Grinds to Halt; China Likens Protests to Terrorism – Reuters
- Hong Kong’s Economic Troubles are Just Beginning – Asia Nikkei Review
China will neither devalue the yuan nor change the way it manages the Chinese currency exchange rate after the United States designated it as a currency manipulator last week, according to China’s foreign exchange administration chief.
US policy makers don’t currently have the tools necessary to weaken the greenback.
Argentina’s currency tumbled and the cost to insure against a debt default leapt after opposition candidate Alberto Fernández’s win in primary elections stoked concerns of a populist comeback in presidential elections in two months’ time.
- Fears of Argentina Default Loom Large as Traders Dump Everything –Bloomberg
- Argentina Needs a Long-Term Economic Plan – Financial Times
The full Italian Senate will meet on Tuesday to set the date for a motion of no confidence in the government, party chiefs said, after a Senate panel failed to reach an agreement over a timetable for the debate.
Roughly one-quarter of the global debt market is trading at levels once thought improbable.
Official interest rate cuts are having the right effect on the economy by giving investors the confidence that monetary policy is working and will steer the economy through shocks, according to Reserve Bank of Australia’s assistant governor Christopher Kent.
Izabella Kaminska is right to criticise European Central Bank president Mario Draghi’s assertion that the mooted Italian mini-BOT Treasury bill instruments would be illegal if they were to circulate as cash as intended.
The US Commodity Futures Trading Commission has filed a civil enforcement action charging five entities and four individuals with fraud relating to a global retail binary options enterprise that targeted and victimized US residents.
Test finds wide range of 4,000 Libor euro contracts examined could end up in the flagging Eonia rate.
The US District Court for the Northern District of Georgia has entered a default judgment against defendants Kevin Andre Perryand Lucrative Pips Corporationof Atlanta, in an enforcement action in which the CFTC alleged the defendants fraudulently solicited and misappropriated nearly $700,000 from more than 50 clients in a forex trading scheme.
CCPs say cleared swaps will move to new rates if Libor is no longer representative of markets.
The global economy faces its biggest crisis in 11 years. In theory, this should be bitcoin’s moment to shine, a chance to prove itself as an uncorrelated asset immune from political risks.
New Zealand has become the first country legally to back companies that are paying employees in cryptocurrencies, in a move that brings the oft-maligned asset class in line with mainstream forms of payment.
As US cryptocurrency users eagerly await tax guidance from the Internal Revenue Service (IRS), they can find hints of what may come in the agency’s recent warning letters.
Cyber criminals have netted $4.3 billion from digital currency exchanges, investors and users in 2019, according to Blockchain security company CipherTrace.
Facebook’s Libra can improve both financial inclusion and global financial stability as a viable alternative currency to the US dollar.
TraditionDATA, the market data and information services division of Tradition, has partnered with Numerix to expand its FX market data coverage.
Fearing further backlash from Korean consumers, Japanese companies are tiptoeing around the tit-for-tat dispute between their conservative government and South Korea over Japan’s wartime past as the US-China trade war hits global growth.
Justin Klug has been appointed president of Capitolis, having most recently served as chief operating officer of the company.
Shares of CME Group and Intercontinental Exchange are at record highs, underscoring investors’ enthusiasm for companies that run the infrastructure for global markets.
Patrick Fleur left his position as chief executive officer at Dutch ECN Solid FX last month.
Central banks around the globe are participating in some kind of perverse race to outdo each other in cutting interest rates.
Well-meaning central bankers cannot offset the impact of an erratic US president on the real economy.
Too many have forgotten the searing pain of the last “uncoordinated break-up” of the world’s currency regime.
Investors have increased short bets against the pound to their highest level in more than two years as the currency has tumbled under Boris Johnson’s premiership.