Monetary Policy Risks Becoming Ineffective in Low Growth World: ECB Coeure – Reuters Monetary policy risks becoming ineffective in a world where growth is sluggish, economies are deeply interconnected and interest rates are already near zero, a top European Central Bank policy maker said on Saturday.
Citigroup Promotes Banker Who Hayes Said Knew of Libor Rigging – Bloomberg Citigroup Inc. promoted an executive who Tom Hayes, a former colleague who is now a convicted felon, has repeatedly said was aware of Libor manipulation, according to two people with knowledge of the situation.
Commodities Clobbered as Dollar Bulldozes Higher – Reuters Commodity markets were clobbered and stocks and bonds were also in the firing line on Monday as expectations for a first increase in U.S. interest rates next month in almost a decade pushed the dollar to a seven-month high.
Masters of the Finance Universe Are Worried About China – Bloomberg David Tepper says a yuan devaluation may be coming in China. John Burbank warns that a hard landing there could spark a global recession.