A trade deal between United States and China was now “stalled because of Hong Kong legislation”, news website Axios reported on Sunday, citing a source close to US President Donald Trump’s negotiating team.
China won’t use the yuan’s exchange rate as an instrument, and it will refrain from a beggar-thy-neighbour policy and strengthen efforts to advance reform of a market-based mechanism of the yuan exchange rate, said Yi Gang, governor of the People’s Bank of China.
Peaceful march in Kowloon descends into chaos, ending the near-two-week hiatus of extreme protest violence as rounds of tear gas, rubber bullets are fired by police in Whampoa, where mobs smash up stores for their mainland connections.
The future of Germany’s ruling coalition looked shaky after the election of new leaders of the Social Democrats who are demanding a shift in policies, and several senior conservatives ruled out talks to renegotiate a governing agreement.
Ursula von der Leyen’s plans likely to be overshadowed by festering row over budget.
The UK economy will pick up speed by 2021 if headwinds from Brexit are lifted, according to the CBI’s latest forecast.
The EU’s financial services chief has warned that Brussels is ready to cut off the City of London’s post-Brexit market access in a sign of the pressure Britain will face to stay closely aligned with European rules after it leaves the bloc.
The Bank of Mexico lowered its economic growth estimates for 2019 and 2020, saying weakness had been more pronounced and prolonged than it previously expected.
A recent apology to Mario Draghi by Germany’s top central banker has highlighted a pressing concern in the eurozone’s largest economy about the European Central Bank: that criticism of its monetary policies is going too far and risks creating a domestic backlash.
This week’s meeting in Sydney is likely to see the Global FX Committee unveil an unsurprising list of priorities for the impending three-year review of the FX Global Code, but should these priorities themselves be reconsidered?
Clear divisions have emerged among top US financial regulators over proposed rules covering derivatives which are widely used by portfolio managers to run investment funds more efficiently.
UK regulator said in a statement on Friday it wants benchmark administrators to be registered as one of two categories.
The FICC Markets Standards Board, a trade grouping of banks, investors and bond issuers, has drawn up a series of standards taking aim at the role investment banks play in auctioning government bonds as so-called primary dealers.
Regulators have counted a few dozen operational outages at central counterparties over the past year – all of them brief systems interruptions that affected banks and other users in a limited and inexpensive way.
Euribor reforms take a step in the right direction as panel banks are phased-in to the new system.
Major financial institutions will move into the crypto space, despite the fact that many of them have avoided it thus far, argues David Mercer, CEO of LMAX Exchange Group, in a new video interview.
President Xi Jinping told the Communist Party elite in October he wanted the country to be a ‘rule maker’ on blockchain technology and ever since state media has been bombarding the public with articles on the subject and one expert said it ‘could open a new chapter on the integration of governance and technology, if proved a reliable technology’.
As the dust settles, investors and regulators find themselves still grappling with the question first raised when Bitcoin broke into public consciousness six years ago: Are cryptocurrencies the future of money? And a new one: If so, what kind of coin will catch on?
London-based Copper, a custodian for digital assets, says it has expanded its Walled Garden infrastructure and is now connected to the top 15 crypto exchanges, thus providing its customers with access to a larger liquidity pool.
Surveillance technology provider VoxSmart has announced the acquisition of Fonetic Trading to deliver what the firm says will be “a comprehensive communications surveillance offering for capital markets participants”.
Legal & General’s £1.2tn investment arm is to outsource its systems for certain trading functions, as higher regulatory costs impact the returns fund managers can deliver to customers.
Amid a crop of disappointing tech IPOs, Tradeweb’s stock market debut in April felt like a coming-of-age party, heavy with symbolism and bursting with promise.
Payouts for 2019, expected in early 2020, are likely to be around 10% lower than average as fund outflows continue.
Last week, Louis Bacon decided to call it quits. After three decades at the top of the hedge fund industry, Mr Bacon’s decision to close Moore Capital Management to outside money is understandable, but nonetheless symbolic of how difficult “global macro” hedge funds like Moore have found the last decade.
The former global head of foreign exchange at Barclays, who left in the summer after just a year in the position, has re-emerged at NatWest Markets.
The Japanese yen hit a six-month low on Monday as investors cheered an unexpected rebound in Chinese manufacturing, while a tightening British election race knocked the pound.
Large debts at the public and private level may not matter as long as growth continues and interest rates remain low, but that could all change should a new financial crisis creep up on the global economy, as has happened before.
With Saudi Aramco IPO imminent, ministers will debate production deal, role of Russia and US shale impact.
Currency lodged in tight range thanks to steady monetary policy and trade uncertainty.
Federal Reserve Chairman Jerome Powell recently set a high bar for raising interest rates, one that looks unlikely to be met for a long while.