Market sources are reporting a flurry of trades in the seconds leading up to the release of the latest Reserve Bank of Australia (RBA) monetary policy decision today.
Despite facing what is effectively a vote of confidence in his leadership come October when a referendum on constitutional reform is due to take place, Italian Prime Minister Matteo Renzi told CNBC that he was sure of a win.
Mark Carney is about to put numbers on the gloom.
Two of Europe’s biggest banks – Credit Suisse (CSGN.S) and Deutsche Bank (DBKGn.DE) – will be dropped from an index of Europe’s top 50 blue-chip companies next week in a further blow to the embattled sector.
Japanese Prime Minister Shinzo Abe’s cabinet approved 13.5 trillion yen ($132.04 billion) in fiscal measures on Tuesday as part of efforts to revive the flagging economy, with cash payouts to low-income earners and infrastructure spending.
Japan had its financial crisis long before the West. A quarter-century of stagnation later, the country’s top bank regulator has a warning for his global counterparts: Overreacting to the bust could undermine the recovery.
South Korea on Tuesday suspended sales of most Volkswagen AG (VOWG_p.DE) models in a fresh blow to the German automaker as it struggles to overcome the global repercussions of its emissions-test cheating scandal and rebuild its tattered image.
Lmrkts, a compression provider which recently facilitated the first multilateral FX compression designed to lower counterparty exposures and consolidate cash flows, has agreed a strategic partnership with Tradition to handle execution and compression processing for FX forwards.
Thomas Reichel joins GTX from Hotspot as its new director of institutional sales, based in Chicago.
Nour Eldeen Al-Hammoury, senior vice president and chief market strategist at ADS Securities, is leaving the company, a spokesperson confirms.
Nicole Shumpert has joined EBS BrokerTec as head of BrokerTec Direct, Americas, the company says. BrokerTec Direct is a new service that provides relationship-based, disclosed liquidity to the fixed income market.
Global stocks fell Tuesday as sub-$40 oil prices, a fresh drop in European bank shares and a lackluster trading session in Asia kept major indexes depressed.
The pound advanced before the Bank of England delivers its second post-Brexit interest-rate decision on Thursday, as some investors see a risk of policy makers underwhelming a market that’s pricing in a rate reduction as a near certainty.
The euro rose above $1.12 for the first time in more than a month on Tuesday while a cut in Australian interest rates failed to weaken the Australian dollar as the fallout of poor GDP data continued to weigh on the U.S. currency.