US President Donald Trump and Federal Reserve Chair Jerome Powell met at the White House, their second meeting since Powell started the job in February 2017 and soon after became the target of frequent criticism from the president who had appointed him.
Top Senate Democrat Chuck Schumer and Republican Senator Tom Cotton urged the US government to swiftly issue rules to make it harder to export sophisticated technologies to China that Beijing can use to boost its military.
Japan’s lower house of parliament approved on Tuesday a limited trade deal Prime Minister Shinzo Abe agreed with the United States, clearing the way for tariff cuts next year on items including US farm goods and Japanese machine tools.
Global flows of goods across borders are on course to grow at the weakest pace since the financial crisis, according to the World Trade Organization, as trade tensions and rising tariffs continue to weigh on exports and imports.
From tariffs to the Fed, the president’s social media can rock markets — but is the effect fading?
A bond-backed currency would overcome problems created by incomplete monetary union.
The current level of interest rates is appropriate for the US economy and the Federal Reserve should now pause as it monitors how the economy evolves, Cleveland Fed President Loretta Mester said.
Investors may be divided on the scope of the threat posed by escalating protests in Hong Kong, but there’s growing evidence money managers are starting to rethink their positions.
Bank of Japan Governor Haruhiko Kuroda denied ever saying the central bank can deepen negative interest rates unlimitedly, or that it had unlimited ammunition to ramp up stimulus.
European Union governments, parliament and the executive Commission reached a deal on the bloc’s 2020 budget that boosts spending on fighting climate change, EU border protection and setting up Europe’s own satellite system.
Today, trust in economists is barely above that of politicians.
New Zealand’s central bank said it was stepping up monitoring of Bank of New Zealand after identifying weaknesses in the bank’s capital calculation processes.
A former trader at the defunct hedge fund Premium Point Investments was ordered to spend almost 3 1/2 years in prison for conspiring with the firm’s co-founder to overvalue its assets in order to attract new investors and keep clients from leaving.
To get a good deal in fast-moving forex markets, buy-side firms need to know the time. Some don’t.
Isda expects to finalise a protocol for legacy Ibor contract fallbacks by the end of the year.
Crypto giants Binance Holdings Ltd. and Tron have been banned on China’s largest micro-blogging service amid what appears to be fresh steps to crack down on digital currency trading.
The blockchain company CEO on the roll-out of Libra and necessity of keeping an open mind.
The United States Securities and Exchange Commission is reviewing its decision to reject the Bitcoin exchange-traded fund filing from Bitwise Asset Management and NYSE Arca.
The $200 billion cryptocurrency market is far too small for an exchange-traded fund to work, according to Fundstrat Global Advisors LLC’s Tom Lee.
The store of value narrative has largely been applied to Bitcoin over the past couple of years. BTC is often labeled ‘digital gold’ and this year’s hodling has proved that people are still willing to hold on to it for a longer term. Ethereum is evolving in a different way but it is also turning into a similar store of wealth as the ecosystem matures.
Private equity owner TA Associates has hired Goldman Sachs to explore a sale of Russell Investments, putting the $293bn asset manager on the block as part of a wave of consolidation in the fund management industry, according to people briefed on the matter.
A former trader acquitted of criminal charges for allegedly manipulating foreign exchange markets should voluntarily walk away from suing Citigroup Inc. for $112 million, having failed to show the bank lied to prosecutors to limit its own legal exposure, the financial giant said in New York federal court.
Eurex Clearing has cleared its first euro short-term rate swap trades.
The average daily volume of FX trades submitted to CLS in October was $1.79 trillion, down from $1.84 trillion the previous month, but up 4.6% from the $1.71 trillion reported in October 2018.
A group of European and UK banks is considering building its own fixed income trading software, in a move that could allow members to cut ties with the market’s biggest vendor, Ion.
Foreigners sold US Treasuries in September, with outflows hitting their largest since December last year, data from the US Treasury department showed, a move analysts said was consistent with central banks selling dollar assets to support their weak currencies.
A leading global investor has warned that negative interest rates are a sign that the financial system is not working and will eventually force a reset of the debt-fuelled economic growth model that’s been in place for more than two decades.
Australia’s central bank considered cutting interest rates at its latest meeting, but decided instead to hold steady and monitor the impact of earlier easing amid concern that households were being spooked by very low borrowing costs.
Latin American currencies started the week with declines as conflicting headlines surrounding US-China trade talks kept investors on the sidelines, while Brazil’s real closed at an all-time low.
It doesn’t look good for the dollar.