Theresa May will become Britain’s second female prime minister on Wednesday, a rapid ascent to the premiership that came after her sole remaining challenger suddenly withdrew from the leadership race.
Asian stocks rose to a 2-1/2-month peak on Tuesday, a day after Wall Street shares hit a record high thanks to a combination of upbeat U.S. data and expectations of more stimulus from global policymakers.
Japanese Prime Minister Shinzo Abe may have won a landslide victory in weekend elections but the strong yen is threatening to spoil the party as it undermines his economic stimulus policies by hurting the earnings of the nation’s exporters and companies who have big overseas operations.
As the yen continued to weaken and Japanese stocks extended their gains for a second day, Prime Minister Shinzo Abe’s government kept markets guessing on the details of a much-anticipated fiscal stimulus package.
Kind words for presumptive presidential rival came in a previously unreported clip from ‘Trumped!,’ a syndicated radio feature that aired from 2004 to 2008
Judges at an arbitration tribunal in The Hague on Tuesday rejected China’s claims to economic rights across large swathes of the South China Sea in a ruling that will be claimed as a victory by the Philippines.
Embattled Venezuela seems to be too much to take for Citibank, as Venezuela’s socialist President Nicolás Maduro said on Monday that the US-based bank will shut down his government’s foreign currency accounts within a month.
Maintaining stability in financial markets should not be an explicit goal for the Federal Reserve, which should use interest rates to head off a crisis only if more precise and better-suited tools fail, a top Fed official said on Tuesday.
In a release to accompany a new survey taken by the firm, LMAX Exchange casts doubt on the ability of the FX Global Code of Conduct to deliver industry reform in a timely fashion.
Bank of America Corp. said a managing director who accused the bank of being a “bro’s club” and filed a gender-bias lawsuit only came up with the inflammatory term after meeting with her lawyers.
The depreciation of sterling since the Brexit vote could increase pressure on UK corporate ratings, with UK retailers and airlines particularly exposed, says ratings agency, Fitch.
CLS Group has announced that Wells Fargo has joined as a settlement member. Wells Fargo joins 64 other settlement member banks in becoming a direct participant in CLS’s settlement and risk mitigation system – which settles approximately $5 trillion a day on behalf of its clients.
Poor performance by hedge funds continues to be a hot topic, but no one wants to take the blame for low returns.
DTCC-Euroclear GlobalCollateral, a joint venture of Euroclear and The Depository Trust & Clearing Corporation (DTCC), says that State Street has agreed to participate in a pilot program to test their Margin Settlement Messaging Service.
UBS Group AG’s investment bank workforce is the right size after thousands of job cuts in recent years, even as challenges emerge from the U.K.’s vote to leave the European Union, division president Andrea Orcel said.
Devaluing the yuan well ahead of January’s inauguration of the next US president is sensible given the growing tensions over trade.
The Bank of Japan will need to reduce the pace of its record purchases of government debt as it is approaching the limits of the bond market, said a former BOJ executive director.
China’s economic growth likely cooled to a fresh seven-year low of 6.6 percent in the second quarter as the industrial sector loses steam and a boost from financial services fades, according to a Reuters poll of 61 economists.
Macro hedge funds get some relief, but search for yield is going to get tougher.
Profit & Loss Scandinavia, 13 September, Copenhagen
Profit & Loss Forex Network Chicago, 28-29 September, Chicago, IL
Sibos 2016, 26-29 September in Geneva, Switzerland
FIA: Expo, 18-20 October in Chicago, IL