Britain’s Supreme Court will continue hearing legal arguments on Wednesday from the government and its opponents on whether Prime Minister Boris Johnson acted unlawfully when he decided to suspend parliament in the run-up to Brexit.
Officials have become increasingly pessimistic about the prospects of a deal with the UK’s prime minister.
Euro zone businesses would benefit if efforts were made to encourage the international use of the shared currency, ECB policymaker Francois Villeroy de Galhau said on Tuesday.
The Federal Reserve will conclude its latest policy meeting on Wednesday buffeted by conflicting economic data, under steady pressure from the White House for steep interest rate cuts, and confronted as well with an unexpected jump in overnight borrowing costs that may require action on its own.
The word went out even before the opening bell: the Fed had to step in. Up and down Wall Street, phones lit up Tuesday morning as a crucial market for billions in overnight borrowing suddenly started to dry up. What had begun on Friday, with tremors inside US short-term funding markets, was escalating rapidly.
- Fed Preps Second $75 Billion Blast with Repo Market Still On Edge – Bloomberg
- Why is the Federal Reserve Pouring Money into the Financial System? – Financial Times
- Gundlach Says Fed May Expand Balance Sheet After Repo Squeeze – Bloomberg
Saudi Arabia will restore its lost oil production by the end of September and has managed to recover supplies to customers to the levels they were at prior to weekend attacks on its facilities by drawing from its huge oil inventories.
China’s economic growth rate could drop to 1.7% by the 2030s without reforms to address the country’s misallocation of resources, warns a report released by the World Bank and a government think tank.
Spain will hold its fourth election in four years on Nov. 10 after rival parties failed to break a months-long impasse in a deeply fragmented parliament, with no guarantee the repeat vote will make it any easier for them to form a government.
The world economy isn’t yet on the cusp of a global recession, according to the head of the Bank for International Settlements, often referred to as the central bankers’ central bank.
Dorothy DeWitt has been appointed as director of the Division of Market Oversight at the US Commodity Futures Trading Commission.
A US banking regulator has proposed easing a rule requiring banks to set aside cash to safeguard derivatives trades between affiliates, marking one of the biggest wins for Wall Street lenders under the business-friendly Trump administration.
Federal prosecutors have raised the stakes in their anti-spoofing campaign by bringing racketeering conspiracy charges in a case against JPMorgan Chase & Co. traders who allegedly manipulated precious metals futures prices, a development that is raising eyebrows among the white-collar defense bar.
CFTC commissioner Rostin Behnam has dissented against amendments to the controversial Volcker Rule, calling the rule “watered down”.
Adam Farkas has been picked to succeed Simon Lewis at the body lobbying on behalf of financial services.
Fnality and Finteum are partnering to deliver a blockchain-based solution for settling FX swaps transactions.
Cboe BZX Exchange has withdrawn its VanEck/SolidX bitcoin exchange-traded fund proposal.
Following regulatory approval to operate a crypto exchange in early September, Line’s blockchain arm LVC Corporation officially introduced its newly launched crypto platform.
Former Commodity Futures Trading Commission chairman J. Christopher Giancarlo has joined the advisory board to the Chamber of Digital Commerce, a trade group focused on blockchain and crypto policy in the U.S.
Most Europeans believe cryptocurrencies can be spent in most stores, according to the results of a survey conducted by ING Bank.
JP Morgan and Societe Generale have invested in fintech firm, Wematch, a company that provides technology to augment how traders at banks match, negotiate and manage trades that are currently predominantly voice-traded, thus bringing, according to the firm, the audit and control benefits of electronic tools to voice trading, delivered as web-based software-as-a-service technology.
Industry divided over the future of trend-tracking vehicles that manage $300bn of assets.
A shortlist of candidates includes a financial regulator and a former minister.
Almost 40% of British businesses with suppliers in the European Union have signed “Brexit clauses” to allow prices or other terms to be renegotiated if trade tariffs return after a no-deal departure from the bloc, a survey showed on Wednesday.
The fate of emerging-market stocks and currencies has never been so closely tied to the Chinese yuan. And it’s in large part because of the trade war.
Extremely low rates may lead to slower growth by increasing market concentration and thus weakening firms’ incentive to boost productivity.
UK inflation fell to its lowest rate since the end of 2016, driven down by the price of computer games and clothing.
The US president has figured he needs a deal with China to soften the economic impact the trade war is having on his voter base, particularly in the key swing states that helped propel him to power in 2016
Singapore saw its lead over Hong Kong shrink to just a whisker in the battle to be Asia’s biggest foreign-exchange currency hub. To keep its advantage, the island state wants to attract more companies to set up electronic trading platforms.