The chances that Brexit will be cancelled are now greater than the chances Britain will leave the European Union without a deal, according to economists in a Reuters poll, who again pushed back their expectations for when the Bank of England will raise interest rates.
The US and China are planning two rounds of face-to-face meetings as they seek to wrap up a trade deal, with negotiators aiming for a signing ceremony in late May or early June, according to people familiar with the situation.
China’s foreign exchange regulator said on Thursday the U.S. Federal Reserve’s policy stance will be favourable for the nation’s capital flows, and expected the cross-border capital flows to remain steady despite some uncertainties.
The soaring cost of buying protection against dollar gyrations is spurring more foreign investors to buy US bonds “unhedged”, raising the risk of painful losses and wider market ructions if the US currency weakens.
Turkey’s central bank has bolstered its foreign currency reserves with billions of dollars of short-term borrowed money, raising fears among analysts and investors that the country is overstating its ability to defend itself in a fresh lira crisis.
The U.S. trade deficit fell to an eight-month low in February as imports from China plunged, temporarily providing a boost to President Donald Trump’s “America First” agenda and economic growth in the first quarter.
Daily turnover in the Chinese currency in London rose by nearly half in the last three months of 2018 compared with the same period in 2017, topping 76 billion yuan (£8.72 billion), a report by the City of London Corporation showed on Wednesday.
If we get further fragmentation, or more specifically a dilution of liquidity away from primary venues, then FX will have to ask itself, as the swaps market inevitably will, how far does it want to push for efficiency at the risk of weakening market functioning?
Citi’s Trader Firings Reflect Tougher Regulators – Euromoney
Citi’s decision to sack eight Hong Kong traders, for being a principal in trades while saying it was only an agent, should be seen in the context of greater strength among Asia-Pacific regulators.
A plan to distribute a $30 million settlement struck to end allegations of Libor rate rigging against JP Morgan and Bank of America leaves questions unanswered and seems “problematic at best.”
Russia’s central bank does not rule out the possibility of raising reserve requirements for banks’ foreign currency deposits, First Deputy Governor Ksenia Yudayeva said on Thursday.
The UK’s competition watchdog called on Thursday for rapid legislation to end the dominance of the Big Four accounting firms and address problems of poor working practices and conflicts of interest in the scandal-hit audit sector.
The main City regulator fears being left behind by a new wave of technological innovation that could increase the risk of financial firms making bad decisions and going bust, according to its latest business plan.
At the Forex Network New York event, Galen Stops, editor of Profit & Loss, sat down with Rob Catalanello, CEO of B2C2 USA, to talk about whether the case for including cryptocurrencies in an investment portfolio is as strong as ever.
Major finance and tech firms are pouring money into startups building technology to develop the crypto market, even though they’re steering clear of the volatile currencies themselves.
Major American cryptocurrency exchange and wallet provider Coinbase has expanded its crypto-to-crypto trading to more countries
The brutal bitcoin selloff continues. But cryptocurrency supporters are plugging away with plans to use its underlying blockchain technology to reshape Wall Street’s machinery.
Big investors are growing increasingly concerned that banks are able to decipher their trading patterns, and profit from the information, prompting a hunt for new ways to get deals done.
Spain’s Banco Santander SA and France’s Credit Agricole SA are to combine their custody and asset-servicing operations, creating a €3.34 trillion ($3.78 trillion) custodian business with more scale to compete.
JPMorgan Chase & Co. put two women with decades of experience at the bank at the top of the list to one day succeed James Dimon as chief executive.
Morgan Stanley’s chief executive has warned that banks could soon be revisited by the market turmoil that crushed trading profits late last year despite his bank topping quarterly earnings forecasts and reporting a robust start to April.
Top US banks must make deeper cost cuts to drive earnings growth, with revenue expected to remain under pressure for the foreseeable future, analysts said.
Currency traders should brace for a large move in the dollar, if past periods of low volatility are a guide.
Foreign-exchange markets are so quiet that HSBC’s strategists are drawing a blank.
The Federal Reserve may need to buy more government bonds than it did before the 2008 financial crisis and conduct other money-market operations to implement its current approach to managing US interest rates, an official of the New York Fed said on Wednesday.
The euro took a knock on Thursday after further insight into the currency area’s struggling economy from weaker than expected data from Germany and France.
The odds of capital exodus from China and of a slide in the value of the yuan exchange rate have diminished thanks to China’s steady domestic growth, progress in trade talks with the United States and the decision by the US Federal Reserve to halt its interest rate increases, China’s foreign exchange regulator said on Thursday.
The Turkish lira weakened as much as 2 percent on Thursday as concerns about the central bank’s foreign-currency reserves resurfaced and wiped out gains from a day earlier, when Turkey’s main opposition candidate took office as Istanbul mayor.
A close aide to Prime Minister Shinzo Abe on Thursday hinted at the possibility that the planned consumption tax hike to 10 percent from 8 percent in October could be delayed, depending on a key economic indicator to be released for June.