Intercontinental Exchange Inc. said it is considering making an offer for London Stock Exchange Group Plc, a week after Deutsche Boerse AG said it was in merger talks with the U.K. company.
Central bank, caught in a bind, cuts reserve requirements for lenders, a move that threatens downward pressure on currency.
Finance ministers have vowed not to engage in currency wars to boost exports, but the scars from the financial crisis are still apparent.
Japan’s finance ministry may need to undertake “sporadic intervention” in the currency market to limit the yen’s gains, a senior economic adviser to Prime Minister Shinzo Abe said on Tuesday.
Norway’s central bank will sell foreign exchange equivalent of 900 million Norwegian crowns per day in March, the same amount it sold in February, the bank said on Monday.
The ruble rose as oil headed for the first monthly gain since October and hedge funds increased bets the Russian currency will strengthen.
The European Union is facing a potential crossroads, with countries that use the euro targeting deeper integration, while others face the dilemma of whether to give up national powers or be left out, Hungarian Prime Minister Viktor Orban said.
An influential Federal Reserve official on Tuesday said he sees downside risks to his U.S. economic outlook, an assessment that could flag a longer pause before the Fed’s next interest-rate hike than he and his colleagues had earlier signaled.
Sizable declines in the Japanese government’s U.S. Treasury holdings over the past year or so have caught the attention of financial market professionals, leaving them scratching their heads over the possible motive.
The 2010 Dodd-Frank Act contained more than 365,000 words, but the next big headache for Wall Street banks may turn on just one: ‘credible’.
The market turbulence leading investors to flee hedge funds around the world is providing a measure of vindication for one asset manager.
Two former leading lights of Morgan Stanley’s foreign exchange business are setting up a service to give clients independent analysis of the quality and cost of their FX transactions.
CME Group has announced the launch of CME Bloomberg Dollar Spot Index futures.
The dollar declined further against the yen Monday after U.S. manufacturing activity deteriorated in February, stoking fears about a recession.
The Canadian dollar weakened against its U.S. counterpart on Monday after a Group of 20 meeting underwhelmed, but losses were pared as crude oil prices rose and giant commodity consumer China eased monetary policy in an attempt to spur growth.
Activity in China’s manufacturing sector shrank more sharply than expected in February, surveys showed on Tuesday, prompting smaller companies to shed workers at the fastest pace in seven years and suggesting Beijing will have to ramp up stimulus to avoid a deeper economic slowdown.
China’s trade deficit in services widened to $20.7 billion in January compared with $18.6 billion in December, the foreign exchange regulator said.
As Benigno Aquino closes out a presidency that delivered the Philippines four Standard & Poor’s rating upgrades, investors are turning to the country’s dollar debt to shelter from peso losses.
SWIFT’s RMB Tracker shows the Renminbi holds a steady second place for payments between Malaysia and China/Hong Kong, while the US dollar continues to dominate the corridor.