Michael R. Bloomberg is actively preparing to enter the Democratic presidential primary and is expected to file paperwork this week designating himself as a candidate in at least one state with an early filing deadline, people briefed on Mr. Bloomberg’s plans said.
- Michael Bloomberg Takes Steps Towards Democratic Presidential Run – Financial Times
- Billionaire and Ex-New York City Mayor Michael Bloomberg is Taking Steps to Run for President – Washington Post
The United States and China have agreed that an initial trade deal between the two countries would roll back a portion of the tariffs they are placing on each other’s products, officials from both countries said, a significant step toward defusing tensions between the world’s largest economies.
- U.S. Says Phase-One China Deal Would Include Tariff Rollback – Bloomberg
- China Claims Tariffs Will Go, but Others Express Doubts – Wall Street Journal
- China’s Oct. Exports Fall, But Less than Expected as Trade War Grinds On – Reuters
China’s central bank lifted on Friday its official yuan midpoint to the highest level in over three months, breaching a key threshold, to reflect market optimism after Beijing and Washington agreed to roll back tariffs on each other’s goods if they reach a preliminary trade deal.
A student at a Hong Kong university who fell during protests over the weekend died on Friday, the first student death in months of anti-government demonstrations in the Chinese-ruled city that is likely to be a trigger for fresh unrest.
Greece has lost the dubious distinction of being the riskiest government borrower in the eurozone after its bond yields dipped below Italy’s for the first time since 2008.
As investors fretted for most of the year that the trade war and slowing growth would end in a global recession, assets like gold and sovereign bonds provided protection. That ended spectacularly Thursday.
The pool of negative-yielding euro zone bonds is draining at last as extreme economic pessimism gripping markets abates, but sub-zero borrowing costs are expected to remain a persistent feature of the year ahead.
Shinzo Abe orders intervention over worries about global slowdown and sales tax impact.
Atlanta Federal Reserve Bank President Raphael Bostic said that he would have probably dissented against the last rate cut if he had a vote in monetary policy because the US economy is “solid” and not in need of easing.
Citigroup and Deutsche Bank may cross-examine four antitrust investigators involved in a criminal cartel prosecution against them, an Australian court ruled on Friday, a win for the defence in a closely watched legal battle.
The US Treasury repo is likely to remain volatile through year-end and beyond despite the Federal Reserve’s efforts to stabilise overnight funding rates, according to rates specialists at two primary dealers.
The US Commodity Futures Trading Commission has again targeted spoofers in futures markets with two actions against firms, including a record fine for high frequency trading firm Tower Research.
The US Commodity Futures Trading Commission issued an order on November 6, 2019, approving the transfer of the trueEX swap execution facility registration to Tassat Derivatives.
Jason Katz, a second eye witness in the criminal case against former JP Morgan currency trader Akshay Aiyer, said he wasn’t always truthful when he first began meeting with US Department of Justice investigators because he was not ready to confess to his crimes.
Tether has issued an official response to an updated paper republished early this week by two U.S. academics who claimed a single market whale on Bitfinex likely manipulated bitcoin’s surge in 2017.
Since Chinese President Xi Jinping publicly applauded blockchain technology two weeks ago, businesses and local governments in China have been rushing to associate themselves with the new technology
One company thinks it knows how to get a bitcoin exchange-traded fund (ETF) approved by U.S. regulators. Wilshire Phoenix, a relatively young financial firm in New York, filed to launch the United States Bitcoin & Treasury Investment Trust ETF in May with NYSE Arca.
A civil war broke out at the cryptocurrency giant Bitmain on Thursday after ousted co-founder Micree Ketuan Zhan threatened to take legal action to seize back control of the company.
Panellists in Dubai discuss whether cryptos can be Shariah compliant but suggest the landscape is changing.
Perhaps the most surprising aspect of the discussions I have been having post the news that Citi is closely studying the number of channels it supports in FX markets is not that several other major LPs have confided in me that they expect, or are currently conducting, a similar review, but the number of LPs who expressed surprise that after cutting back Citi is expected to have 15 or so connections.
BGC Group’s GFI has re-established a presence in Japan with the opening of a new office by GFI Group (Japan).
Winning in the bond market used to come down to math skills, gut instinct and the patience to wade through a hefty prospectus. That was before the quants came.
Mizuho Americas has announced the appointment of Michal Katz as head of banking Americas. She reports to Jerry Rizzieri, president and CEO of Mizuho Securities USA.
For those thinking of betting against the resilient dollar, the dilemma has been what to actually buy instead. The answer, for some, is at once obvious and brave: the euro.
German exports posted their biggest rise in almost two years in September, data showed on Friday, providing some relief amid widespread concerns that Europe’s largest economy will dip into recession in the third quarter.
A rise in overnight borrowing rates for trades that use Italian government bonds as collateral suggests that some of the country’s banks may have started taking advantage of tiered ECB interest rates to make a profit.
The International Monetary Fund has praised the Bank of Mexico for choosing not to take action against peso movements in recent months.
In their deliberations on monetary policy, Federal Reserve policymakers need to consider many factors, but up to now, climate change has not been one of them.