Boris Johnson has drawn up plans to “sabotage” any Brexit extension without breaking the law, the Telegraph has learnt.
- With the UK in Turmoil, Brexit Talks are Slipping Backward – Bloomberg
- Rudd Quits UK Government Blaming Brexit Inaction – BBC
Irish prime minister to meet Boris Johnson for first time for talks on border.
White House economic adviser Larry Kudlow said the United States wants “near term” results from US-China trade talks in September and October but cautioned that the trade conflict could take years to resolve.
- US-China Trade War Risks Becoming a Currency War – with Greater Damage – The Hill
- What China Has and Hasn’t Done to Address US Trade Gripes – Bloomberg
European Central Bank President Mario Draghi will test the composure of global policy makers this week as he unleashes a barrage of stimulus to shore up economic growth.
Britain is not ready for its next recession and must consider changes to the way it manages its economy to see off the downturn when it comes, the Resolution Foundation, a think-tank, said on Monday.
China’s foreign exchange reserves rose unexpectedly in August, even as the yuan posted its biggest monthly drop in 25 years amid escalating trade tensions with the United States.
- China’s August Exports Unexpectedly Shrink as US Tariffs Bite – Bloomberg
- China Says Growth is Fine. Private Data Show a Sharper Slowdown – Wall Street Journal
There is no shortage of initiatives to innovate and possibly disrupt the behemoth that is the FX swaps market, but is there any real appetite for change amongst the most important sector of this market?
Japan’s economy grew at a slower pace than initially estimated in the second quarter as the US-China trade war prompted a downward revision of business spending, intensifying calls for the central bank to deepen stimulus this month.
Italy’s new government should not challenge European Union fiscal rules when it submits its draft 2020 budget to Brussels next month, the head of the euro zone finance ministers, Mario Centeno, said.
China’s forex regulator for the first time in more than four years allowed three additional brokerages to trade on the domestic interbank foreign-exchange market.
Japanese regulators are surveying the nation’s financial firms to determine their exposure to foreign assets including risky credit products as the global economy slows, people with knowledge of the matter said.
A group of UK lawmakers are calling on Chancellor Sajid Javid to publish the shortlist of candidates to become Bank of England governor.
Financial watchdog has been consulting privately with asset managers following high-profile fund suspensions.
The largest digital token climbed above its 50-day moving average, an indicator used to analyze trends and potential inflection points.
Today, the capitalist economy has entered into a dead end. Unemployment is expected to reach an unprecedented level due to the rise of automation and artificial intelligence technologies. The creation of excess fiat money will not be a remedy for the collapse of the capitalist economy.
A senior Chinese banking official told state-run media that China is still planning to launch its own cryptocurrency and that it will be similar to Facebook’s Libra.
Intercontinental Exchange Inc. is closer to offering Bitcoin futures trading as its Bakkt unit opens its digital-asset custody warehouse today to customers.
The Chinese yuan’s tumble is stirring hopes of a long-awaited volatility boost for forex markets but any rise will be too late for the currency funds that have shut down this year, and it may be too small to hold out much hope for those that remain.
The FX prime brokerage businesses at JP Morgan and NatWest Markets are now providing access to Spotex’s institutional ECN.
Make market volatility great again? Analysts at JPMorgan Chase & Co. have created an index to gauge the impact of Donald Trump’s tweets on US interest rates, which they say is on the rise.
Executives from some of America’s biggest banks will this week tell investors how badly their businesses are being hurt by falling interest rates and an inverted yield curve, setting the scene for a raft of cuts to profit forecasts.
For years, Jens Nordvig was a top-ranked currency strategist on Wall Street. In 2016, the Danish-born Nordvig, 45, founded his own firm, Exante Data, a macro research consulting firm named for the Latin term for “before the event.”
There is no doubt that yields and returns are extremely low right now. It’s not hard to see why.
The global bull run that started in 1985 is now one of the most intense in the debt market’s 700-year history, comparable with a deleveraging and economic growth spurt that followed the Napoleonic wars.
Even if you’re not the biggest fan of the Federal Reserve, you have to feel a little sorry for Chair Jerome Powell. As everyone involved in financial markets is acutely aware, he and the central bank have been a favourite target of President Donald Trump’s ire for months now.