The past 10 days has seen two FX traders successfully win their cases for unfair dismissal against their former employers. As reported exclusively by Profit & Loss…
They may not realize it yet, but Japan Inc’s executives are increasingly working for a shareholder unlike any other: the nation’s money-printing central bank.
Although the UK’s Serious Fraud Office has declined to lay formal charges against members of the “Cartel” Bloomberg chat room, reports suggest the US Department of Justice has raised the stakes.
China’s total debt rose to a record 237% of gross domestic product in the first quarter, far above emerging-market counterparts, raising the risk of a financial crisis or a prolonged slowdown in growth, economists warn.
Mario Draghi has opened a door. Janet Yellen has to decide whether she wants to walk through.
Speculators turned negative on the US dollar this week, with more investors in the global currency market taking short positions against the dollar than long positions, for the first time in nearly a year.
The far-Right moved a step closer to seizing the Austrian presidency on Sunday night, in an election result that will send shockwaves through Europe.
The Financial Conduct Authority has issued a number of warnings about firms it believes are providing financial services without authorisation. RBS Bourse, Capital Trust Ventures, Andersen Consulting (UK) and Beckett & Cromwell are all firms named by the FCA
Technology provider Reval has reached an agreement with payments system provider Swift to allow corporate treasury teams using the Reval Cloud Platform for automated cash and liquidity management, to join the Swift messaging network.
Citigroup has hired Piers Davison, an experienced financial institutions banker based in London, from JPMorgan Chase as part of push to capture more business in the UK and across Europe.
BHS Group Ltd. expects to enter administration Monday, a company representative said, putting 11,000 jobs at risk in what would be the biggest U.K. retail collapse since Woolworths Group Plc in 2008.
US Federal Reserve policymakers are expected to hold interest rates steady when they meet this week, but may tweak their description of the economic outlook to reflect more benign conditions, leaving the path open for future rate rises.
Ahead of what could be an interesting few days for the yen, it might be worth reflecting on just how big a week the Japanese currency has just had.
Sterling has been hovering near a six-week high today after an intervention by US president Barack Obama in the Brexit debate on the weekend caused betting markets to swing towards the UK voting to remain within the European Union.
Last week we were treated to a fine exhibition of the economist’s art.