Oil prices rose nearly 2% on Friday as tensions brewed again in the Middle East after a US Navy ship destroyed an Iranian drone in the Strait of Hormuz, a major chokepoint for global crude.
Nobody can know with any degree of certainty whether we are headed soon to a destructive world currency war in which countries compete with to weaken their exchange rates to gain an unfair competitive advantage.
The chance that Britain will leave the European Union without a deal is the highest since October 2017, economists polled by Reuters say, as arch-Brexiteer Boris Johnson looks set to take over as prime minister next week.
Italian Deputy Premier Matteo Salvini has asked President Sergio Mattarella for a meeting which may take place Friday, according to an official who spoke amid speculation that the League leader could pull the plug on the populist government.
German Chancellor Angela Merkel said on Friday that Europe’s largest economy was in a “somewhat more difficult phase” after a decade of growth, adding that gave grounds to try to stimulate the domestic economy.
Japanese Foreign Minister Taro Kono summoned South Korea’s ambassador on Friday in a deepening diplomatic dispute over compensation for Korean wartime forced labor that threatens global supply of memory chips and display screens.
Thailand’s new finance minister said he will not interfere in the central bank’s monetary policy decisions and will let it handle the strengthening baht currency.
The Commodity Futures Trading Commission has issued an Order filing and settling charges against Swapnil Rege, a former portfolio manager for Connecticut-based hedge fund Marinus Capital registered with the CFTC as a commodity pool operator, for fraudulently mismarking swap valuations to artificially inflate the profits of his employer’s trading book in order to obtain an increased performance bonus.
UK financial markets regulator says boards should be asking themselves: ‘what is the worst thing that can go wrong’.
The career of the next European Central Bank chief shows the institution is getting a diplomat and negotiator, not a technocrat or economist.
US Commodity Futures Trading Commission chairman Heath Tarbert has announced appointments to key executive leadership positions at the CFTC.
Regulatory fears over digital assets are narrow, focusing on consumer protection.
Bitcoin and cryptocurrencies have divided the traditional financial industry and economists, with some arguing bitcoin and crypto is incompatible with the current system and others more open to the new technology.
The most newsworthy Trump rants almost invariably felt improvised, emotional and reactive. However, the historic series of tweets that constituted the first-ever public comment on cryptocurrencies by a sitting US president didn’t seem to fit the same mould.
Bitcoin has retaken $10,000 today following a moderately volatile month.
As Deutsche Bank AG and BNP Paribas SA sort out a deal on servicing the German lender’s hedge-fund clients, one of the prizes at stake is the Asian business.
Societe Generale is now supporting Eurex FX futures, from clearing to trading.
The 2019 algorithmic trading survey finds that brokers are stepping up to the plate in the post-MIFID II landscape to provide consistent execution to hedge fund firms that are more knowledgeable and discerning than ever before.
JP Morgan is confident that high-frequency traders will be able to stay in business and find new foreign exchange prime brokers following Citi’s decision to give 90 days’ notice to the largest electronic market-makers in currencies.
The dollar extended its losses against the euro, yen and other major currencies as remarks from New York Federal Reserve President John Williams increased bets the central bank would lower interest rates at month-end.
US growth and bond yields have converged towards those of the rest of the world this year. But there has been no reversal of the US dollar’s 2018 strength, merely a slowing of its appreciation.
Sterling had gained 1% on vote to block no-deal Brexit and Barnier comments.