Boris Johnson will today make the EU what Downing Street says is his “final offer” on Brexit, including a “fair and reasonable compromise” over the Irish border.
- Brexit Plan Revealed: What Johnson Will Offer Brussels – Daily Telegraph
- Johnson Has Rolled the Diplomatic Dice, but the Rules of the EU Game are Stacked Against Him – Daily Telegraph
- EU Ready to Consider Major UK Concession on Irish Backstop – Bloomberg
- If Reported UK Brexit Proposal is Final Offer, It Won’t Fly: EU Sources – Reuters
The US economy is losing speed, something that has economists wondering how slow the economy can go and still avoid crashing into a recession.
Mario Draghi said looser budget policies complementing the European Central Bank’s monetary stimulus would augur a quicker end to ultra-low interest rates, lessening the damage they cause.
As the euro plumbs new lows, the European Central Bank has decided on a new show-your-cards policy, coming clean to the markets whenever it intervenes in foreign exchange interventions. So far, there’s been very little to see.
The International Monetary Fund expects a more significant global slowdown than it did three months ago, said First Deputy Managing Director David Lipton, adding it’s difficult to see an economic recovery if the trade uncertainty continues.
German Finance Minister Olaf Scholz said on Wednesday that Europe’s largest economy would be able to counter an economic crisis if there were one but added that he did not expect a downturn as bad as in 2008/2009.
US factory activity contracts for second straight month; WTO warns that slowing world trade could hit investment and jobs.
The Federal Reserve is looking at whether regulation played a role in the sudden rise in short-term interest rates that rocked markets last month, when the largest US banks, despite being flush with cash reserves, did not lend them out overnight as expected.
It is no secret that the Basel Committee on Banking Supervision’s trading book rules will upend the way banks calculate capital requirements for their markets businesses. A clue is in the name: the Fundamental Review of the Trading Book. What Europe’s market risk managers are just coming to learn, though, is how much the new regime could shake up the use of derivatives valuation adjustments by trading desks.
The Bank of England issued a note on Tuesday that shows the value of contracts referencing Libor is increasing ahead of its cessation.
The US Commodity Futures Trading Commission has issued six banks with regulatory orders over reporting failures.
In 11 years as head of the St. Louis Federal Reserve, James Bullard has found himself on most sides of the big debates inside the US central bank.
The US securities regulator on Tuesday proposed a change to the way exchange operators alter their fees, in a move aimed at improving transparency but which could make it harder for operators to compete on price to propel revenue growth.
Facebook’s plans to launch a digital currency, Libra, has sent shockwaves through the international finance world and may have sounded the starting gun on a digital currency race.
Cracks are forming in the coalition Facebook Inc. assembled to build a global cryptocurrency-based payments network.
In the year between June 2017 and 2018, Block.one – an unspecified blockchain platform – raised several billion dollars from an initial coin offering. Yes, that’s billion with a capital B.
The regional hub will help to provide liquidity on Ripple’s payment network, boosting cross-border payments.
Fintech firm Broadridge Financial Solutions, Inc. announced this Tuesday that it has added cryptocurrency and exchange-traded derivatives capabilities through the acquisition of Shadow Financial Systems, Inc.
Order and execution management system provider TradingScreen has been selected by UK investment management firm, Royal London Asset Management.
There’s been little by way of discernable trends amongst the trading volumes reported for September by the first set of FX trading platforms to do so publicly.
Not too long ago, Charles Schwab Corp. helped to usher in the golden age of low-cost, online stock trading. Now, the brokerage may help to kill off the fee-based business model altogether.
Norway unexpectedly took almost $400 million from its sovereign wealth fund in August, marking the first withdrawal in over a year as western Europe’s biggest petroleum producer takes advantage of its enormous piggy bank amid a decline in oil prices.
US banks will cut more than 200,000 jobs in the next decade as robots and other technology bring about the “greatest transfer from labour to capital” the industry has seen, a report by analysts at Wells Fargo claims.
Reserve Bank boss Philip Lowe has little choice but to keep leaning on the monetary levers as he tries to avert the threat to the Australian economy from the darkening global outlook, at a time when credit conditions at home have snarled and consumers are feeling decidedly cash-strapped.
With stocks running low, it is difficult to see where further supplies will come from.
To much of the outside world, Germany seems so wedded to its balanced budget policy that it won’t deploy fiscal stimulus until it’s too late.
For anyone who lived through the global financial crisis, trouble in the market for repurchase agreements, or repos, induces a cold sweat.
Legendary investor Warren Buffett’s much-quoted dismissal of the investment merits of gold is simple: the metal is “neither of much use nor procreative.” But the Oracle of Omaha has got this wrong. Gold is constantly offering useful insights, if you look closely enough.