If losing demand to Europe weakens U.S. growth and threatens to push inflation too low, US rates must also drop.
US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin shook hands with Chinese Vice Premier Liu He before beginning trade talks in Shanghai on Wednesday in a bid to end a year-long trade war.
- US Negotiators Need to Show ‘Sincerity’ in Shanghai Talks: China State Media – Reuters
- US, China Trade Meeting Ends with Sharp Response to Trump – Reuters
As Boris Johnson takes the reins as PM, the FT considers the five areas most exposed to a crash exit.
- Johnson: UK Could Stay in EU Customs Union and Single Market for Two Years after Brexit Deadline – Daily Telegraph
- Sterling Slides Again Amid Scramble to Price No-Deal Brexit – Reuters
The new UK government’s tough line on Brexit negotiations is pummeling the pound, reflecting increased investor fears the country could crash out of the European Union without an exit agreement.
The US Federal Reserve is almost certain to cut interest rates for the first time in more than a decade on Wednesday, delivering a mild jolt to an economy that is facing headwinds from trade disputes and a global slowdown.
China’s sharp reduction in US dollar asset holdings has increased the risk of its investment portfolio, analysts have said in response to a disclosure of historical data by the agency charged with managing its foreign exchange reserves.
The Turkish Central Bank’s outlook for the economy is more optimistic for 2020 as the country leaves behind the impacts of lira volatility, governor Murat Uysal said on Wednesday.
An official gauge of China’s manufacturing activity picked up in July, though it remained anemic, building the case for fresh policy support from Beijing to counter economic headwinds.
The International Swaps and Derivatives Association has published a statement summarising the preliminary results of its supplemental consultation on adjustments that would apply to fallback rates in the event certain interbank offered rates are permanently discontinued.
US Commodity Futures Trading Commission chair Heath Tarbert has announced the appointment of Malcolm “Clark” Hutchison to serve as director of the Division of Clearing and Risk.
CLS has unveiled CLSNow, a same day settlement service that was first mooted in September 2017. The bilateral, same-day FX gross payment-versus-payment settlement service has been launched with JP Morgan and Goldman Sachs as the first banks to go live.
An Israeli binary options executive on trial for her alleged role in a $145 million investment scam took the stand Tuesday.
Facebook reminded investors in its latest quarterly report that while it expects to launch its Libra digital currency in 2020, a number of factors could keep that from happening.
XBTO, an active global crypto investor, has been granted a license by the Bermuda Monetary Authority under the Digital Asset Business Act.
Crypto futures and options exchange Quedex has been granted a licence to operate in Gibraltar.
Crypto was designed to eventually serve as a complete replacement for fiat currencies like the US dollar as the entire world moves into a fully digital age, so money itself can more easily and quickly be managed without the requirement of a third-party intermediary.
Blockchain.com, which has created more than 40 million digital-asset wallets, is moving into the trading side of cryptocurrencies with a new exchange.
Baton Systems, a provider of blockchain-inspired, bank-to-bank payments infrastructure, has appointed Andrés Choussy as president and chief operating officer.
To some, the word “hedging” has a negative connotation, maybe because it brings to mind high-risk or complicated hedge fund strategies.
The London Stock Exchange may be days away from doubling in size via the acquisition of Refinitiv, the data spin-off from Thomson Reuters.
Asian shares fell on Wednesday to a six-week trough, rattled by fresh trade war concerns following threats from President Donald Trump to Beijing, while increasing worries about a no-deal Brexit kept the pound under pressure.
Only brokerages will benefit if the central bank steps up buying of ETFs and J-Reits.
If it is any comfort, sterling is not trading remotely like an emerging market currency in bad times.
The prospect of a further dose of inflation will not stop the Bank of England from cutting interest rates this year, investors are betting.