Speaker Nancy Pelosi said the House would begin formal impeachment proceedings against President Trump, ending months of caution by Democrats.
- Pelosi Impeachment Gambit Brings Peril for Trump – and Democrats – Bloomberg
- The Mother of all Trumpian Battles – Financial Times
- White House to Release Transcript of Trump’s Ukraine Call as Impeachment Efforts Begin – Wall Street Journal
- Trump Impeachment? History Suggests Wall Street Ought Not Worry – Reuters
British Prime Minister Boris Johnson will address parliament later on Wednesday on the Supreme Court ruling that his suspension of parliament was unlawful – a decision he disagrees with, his spokeswoman said.
- UK Lib Dems to Try to Remove No-Deal Brexit Threat More Quickly – Reuters
- Fast-Approaching Brexit Deadline Spurs Pound-Bond Sales Rush – Bloomberg
- Johnson’s Unlawful Conduct has been Called to Account – Financial Times
- Johnson to Make New Push for General Election – Daily Telegraph
Almost two weeks after the European Central Bank announced new stimulus measures, economists are still debating whether the plan will work the way it’s meant to.
Saudi Arabia has restored its oil production capacity to 11.3 million barrels per day, three sources briefed on Saudi Aramco’s operations told Reuters, maintaining a faster than expected recovery after the Sept. 14 attacks on its oil facilities.
US President Donald Trump and Japanese Prime Minister Shinzo Abe meet in New York later on Wednesday to try to clinch a deal on farm tariffs and digital trade.
Reserve Bank chief Philip Lowe said Australia’s economy is at a “gentle turning point” and reiterated he’s prepared to cut interest rates if needed to support the recovery, while stopping short of flagging the imminent move markets and some economists were factoring in for next week.
Insight Investment has urged buy side firms not to take on trust the disclosures made by foreign exchange dealers – and to “team up” in an attempt to extract more useful information.
Senior FX market participants have urged the industry to gain a greater understanding of flash crashes, amid warnings that increasing market electronification could see flash crash-type events happen more frequently and with greater impact.
The European Central Bank signaled to banks that the ball is now in their court to make sure the transition to a new lending benchmark interest rate goes smoothly.
US end-users prefer alternative compliance, but foreign CCPs want exempt status.
The Chinese trader fired by Mitsubishi Corp. for allegedly losing $320 million in oil trading said he was acting on his managers’ orders and there were no unauthorized transactions, according to his lawyer.
The Second Circuit’s recent revival of an aluminium price-fixing case has no bearing on a separate suit accusing banks of rigging the market for bonds issued by foreign governments.
“The UK’s Brexit process continued to deliver twists and turns. But the bigger picture for Brexit remains unchanged, and we still believe that a no-deal Brexit on 31 October is unlikely,” said Dean Turner, economist at UBS Wealth Management.
- What UK Supreme Court Ruling Means for Brexit – Politico
- What Does the Supreme Court Verdict Mean for Brexit? – Financial Times
In a joint statement, the SEC, CFTC and FCA have pledged to work together to address “opportunistic strategies” that harm the credit derivatives market.
Bitcoin struggled on Wednesday to recover from the three-month lows it reached a day earlier, moves that traders blamed on a lukewarm reception for a futures product from the owner of the New York Stock Exchange.
Bitcoin struggled as the US trading day began, extending its decline in the wake of Tuesday’s broad plunge across cryptocurrencies even as several alternative coins staged a modest recovery.
Canadian social-media company lays off most of its staff as it fights U.S. claims that it illegally raised capital.
Someone who goes by Gary Cruz says he’s already earned about $10,000 by referring people to Binance, the world’s largest cryptocurrency exchange.
Stablecoins could put weaker currencies at risk and increase illicit activities, a blog published by the International Monetary Fund says.
Central banks are getting closer to issuing their own digital currency. If they do, the dollar might finally face real competition as the world’s dominant currency
The head of the US Securities and Exchange Commission repeatedly refused to tell a congressional panel on Tuesday whether or not Facebook’s Libra would be regulated as a security under his watch.
Exchange Boerse Stuttgart, Germany’s second-largest stock exchange, has opened a regulated trading venue for digital assets, the company said.
One thing appears certain: no new financial instrument is likely to “unlock” institutional demand, as most institutions are only beginning to answer the question of why they would invest in bitcoin in the first place.
Mitsubishi UFJ Financial Group Inc. is planning to cut about half of its 150-strong workforce at its securities business in Hong Kong, Singapore and Sydney, people with knowledge of the matter said.
Capitolis has announced a strategic hire to its executive leadership team with Jessica Zall joining as vice president and head of marketing.
Woeful. BAD. Shocking. That’s how investors and strategists described Europe’s latest economic data, leaving them fearing the worst and betting this year’s record bond rally has further to run.
Swift says it has managed to complete an international payment in just 13 seconds in what it claims is a “major advance” for cross-border transactions.
The chief executives of the London and Hong Kong stock exchanges have set out clashing visions for the future of the two marketplaces at a showpiece industry event.
LCH’s credit default swap clearing arm will offer CDX Investment Grade and High Yield options from Q1 2020.
Specialist payments validation company Apply Financial has announced a partnership with Cambridge Global Payments to deploy its Validate API to provide Cambridge customers with cross-border payments solutions.
Asset managers are opting to follow trends rather than risk getting left behind.
Japan’s corporate bond bankers have been racking up underwriting fees from a record frenzy of note sales. They now face leaner months ahead.
Banks requested more than double the $30bn of two-week loans on offer from the Federal Reserve Bank of New York on Tuesday, as they sought to shore up short-term financing ahead of the end of the third quarter.
Gold steadied after posting its longest rally in three months as investors weighed growing political tensions in the US, which reinforced demand for havens. Palladium notched a fresh record.
The dollar steadied in Asian trade on Wednesday but remained on the defensive after the launch of a formal impeachment inquiry against President Donald Trump, while the political uncertainty added to worries about economies strained by the Sino-US trade row.
Haven assets rallied after House Speaker Nancy Pelosi said the chamber is opening a formal impeachment inquiry of President Donald Trump.