Prime Minister Boris Johnson asked Queen Elizabeth II to suspend the UK Parliament from mid-September to mid-October – a move that could hamper lawmakers efforts to block a no-deal Brexit and even trigger a constitutional crisis.
- Johnson to Restrict Parliament Time Before Brexit – Reuters
- Pound Drops as Fears of No-Deal Brexit Grow – Reuters
- Johnson Tells Juncker No Brexit Deal if Backstop Remains – Reuters
- Juncker Tells Johnson EU Support for Ireland is Steadfast – Reuters
A widely watched US bond market indicator of recession sent its most dire signal since the early days of the financial crisis on Tuesday, reflecting increasing gloom about the economic consequences of the US-China trade war.
- US Yield Inversion Deepens, Stokes Recession Fears – Reuters
- Who will Trump Blame if the US has a Recession? – Australian Financial Review
The US central bank on Tuesday rejected a call from a former Federal Reserve policymaker to counter President Donald Trump’s trade agenda by refusing to “play along” and denying the president the interest rate cuts he has demanded.
Perhaps nobody was more surprised to hear that China had called President Donald Trump’s administration to restart trade talks than the government in Beijing itself.
South Korea summoned Japan’s ambassador to protest a decision to remove Seoul’s fast-track export status, which took effect on Wednesday amid a deepening political and economic feud.
Talks to form a new government in Italy have resumed after populist and centre-left leaders agreed that Giuseppe Conte should stay on as prime minister.
British Prime Minister Boris Johnson told European Commission President Jean-Claude Juncker by phone that there was no prospect of a Brexit deal unless the Irish border backstop was abolished, his office said.
Resistance rises on both sides of the Atlantic to a pact, and no deal can be made if the U.K. remains in the EU customs zone.
Crispin Odey has some advice for the traders ramping up wagers against Hong Kong’s currency: try something else.
European regulators are turning to an old trick to boost the adoption of legal entity identifiers (LEIs) – a ‘barcode for finance’, designed to improve trade reporting.
These days, examiners are much less inclined to put lenders in a ‘penalty box’ to prevent them from growing.
Andy Haldane has spent 30 years working at the Bank of England, yet he may boast the greatest outside perspective of anybody running to become its next governor.
Australia’s corporate cop has flagged a number of referrals for criminal prosecution following an investigation into major financial institutions and their representatives, in its five year plan published on Wednesday.
Craig Wright is warning that billions of dollars in Bitcoin could soon flood the cryptocurrency market after an unfavourable court hearing.
At least four different law enforcement and regulatory agencies are investigating defunct Canadian crypto exchange QuadrigaCX, a new report by bankruptcy trustee Ernst & Young said.
Bank of England Governor Mark Carney’s radical pitch to put a digital currency at the heart of the global monetary system instead of the dollar may still be behind the curve.
Since first being announced in June, Facebook’s proposed Libra cryptocurrency has drawn the ire of lawmakers and regulators worldwide.
NAB’s ninth biennial Superannuation FX hedging survey highlights what Ray Attrill, head of FX strategy at the bank, terms “seismic shifts” in how managers of the fourth biggest pension pool in the world, think and handle their currency exposures.
Deutsche Bank has recruited the former chief compliance officer for Barclays’ investment bank to manage its surplus cash, as part of an overhaul at the German lender’s treasury department.
Bank of America Merrill Lynch, BNY Mellon, Citi, Goldman Sachs, Morgan Stanley and Wells Fargo all increased their Federal Reserve-set systemic risk scores in Q2, two by enough to merit a higher capital surcharge if they stay at their current levels through the rest of the year.
Norway’s $1tn sovereign wealth fund, the world’s largest state investment vehicle, has been advised to prioritise North American equities and reduce its exposure to Europe’s developed markets.
The dollar has been ascendant in 2019 and forecasts for a US recession are growing louder. If the greenback’s strength keeps up and the economy does shrink, some experts are worried this combination will make it harder for the economy to claw back out.
China has made no secret of its interest in Arctic resources and has expanded its influence into US spheres of influence. The US president’s anger at Denmark over Greenland wasn’t the first sign that such ambitions trouble Washington.
Some investors are betting that the biggest risk to the British pound isn’t that the turmoil around Brexit causes it to plunge further against the dollar, but that it stages an unexpected rally.
Contrary to what has happened in some past crises, no one will be able to claim they didn’t see the next one coming.