The US is on the verge of meeting most of the economic conditions the Federal Reserve has set to increase interest rates next month, according to a member of the rate-setting Federal Open Market Committee.
- El-Erian Says Fed Is Talking Up Rate Hike – Bloomberg
- Fed’s John Williams Says Election Won’t Stop Central Bank from Acting on Rates – WSJ (subscription)
Leaving the European Union would tip the UK into a year-long recession and lower Britain’s economic growth by 3.6%, according to Treasury analysis.
The G7 finance ministers and central bank governors concluded their 2-day meeting in Sendai, Japan on Sunday.
Bring on the debt relief. Yields on 10-year Greek government debt have fallen 21 basis points (0.21 percentage points) this morning to 7.19 per cent – the lowest level since mid-November last year.
The Brazilian government plans to host a round of investor meetings to market a broad plan of asset sales, a key initiative to help raise cash and reduce a record budget deficit, a senior official and people familiar with the matter told Reuters.
A neck-and-neck race to become Austria’s president will be decided later on Monday after a heated campaign during which support for Norbert Hofer, the far-right nationalist candidate, surged.
German drugs and chemicals group Bayer AG said it had made an offer to buy US seeds company Monsanto Co for $122 per share in cash, or a total value of $62 billion including debt, to create the world’s biggest agricultural supplier.
- Louis van Gaal: Man Utd Boss Says Goodbye – BBC
- Manchester United Expect to Sign Zlatan Ibrahimovic – Daily Telegraph
Sterling’s fall against the dollar has sparked a nosedive in company dividends as the Brexit vote takes its toll on UK investment portfolios.
Axa is giving up cigarettes, saying it “makes no sense” for the insurer to keep its €1.8bn portfolio of tobacco investments.
Connectivity provider FXecosystem has enhanced its network monitoring capabilities through a new partnership with deterministic network device specialist Metamako.
There are few topics in the FX industry that have stirred up as much controversy over the past year as the practice of last look.
At a time when new regulations, divergent central bank policies and changing technology are threatening to fundamentally change how the global FX market operates, a unique perspective on the world’s largest asset class is always welcome.
Japan’s exports fell sharply in April and manufacturing activity suffered the fastest contraction since Prime Minister Shinzo Abe swept to power in late 2012, providing further evidence that the premier’s Abenomics stimulus policy is struggling for traction.
Saudi Arabia faces a vicious liquidity squeeze as capital continues to leak out the country, with a sharp contraction of the money supply and mounting stress in the banking system.
The Foreign Exchange Professionals Association (FXPA) submitted written comments in response to the Commodity Futures Trading Commission’s (CFTC) Market Risk Advisory Committee (MRAC) meeting held to look at how well the derivatives markets are functioning.