The White House is holding off on a decision about licenses for US companies to restart business with Huawei Technologies Co. after Beijing said it was halting purchases of US farming goods, according to people familiar with the matter.
The economic consensus is in: The US and China are in a trade war.
- US Trade War Drives China’s Producer Prices into Deflation – South China Morning Post
- There Will Be No Winners in a Currency War – Financial Times
China set a daily anchor for trading in its currency at the weakest level since 2008 on Thursday, crossing the symbolic 7-per-dollar threshold that the central bank had already allowed markets to breach earlier this week.
The leader of Italy’s ruling League party, Deputy Prime Minister Matteo Salvini, declared the governing coalition to be unworkable after months of internal bickering and said the only way forward was to hold fresh elections.
Boris Johnson would hold a general election in the “days after” the UK has left the EU on October 31 if he is forced to go to the polls should a parliamentary no-confidence vote succeed against his government, senior aides to the prime minister have said.
Australia’s economic slowdown may have ended but interest rates will remain at historic lows for an extended period, with the U.S.-China trade war the major uncertainty for the global economy, the central bank head said on Friday.
The average daily volume of FX trades submitted to CLS was $1.75 trillion in July, down 7.1% from June, but up 6.8% compared to July 2018.
Turkey’s central bank has removed at least nine high-ranking officials including chief economist Hakan Kara.
FCA researchers looked at ETF liquidity during periods of market stress, and found no cause for concern so far.
Amir Zaidi, director of the Commodity Futures Trading Commission’s Division of Market Oversight (DMO) since January 2017, is expected to leave the agency within coming weeks, according to multiple sources with knowledge of the matter.
Don Byron has joined the Futures Industry Association as head of global industry operations and execution.
A New York-based cryptocurrency and foreign currency trading firm promising 900% returns within weeks was ordered to stop soliciting Texas customers by the Texas State Securities Board.
Libor: Sonia and Sofr Need Term Rates Too – Euromoney
The regulators want overnight rates to become the norm in all markets after Libor – that could be wishful thinking.
If a serial violator of the public trust can unilaterally insinuate itself into the global monetary system, something must be done to manage the rise of digital private monies.
Bitcoin and cryptocurrency exchange hacks and security breaches are still a common occurrence but the biggest bitcoin market places are working hard to change this – with mixed success.
Market data from the Winklevoss twins-founded crypto exchange Gemini is being added to eight crypto indices offered by CF Benchmarks.
Blockstream has launched a colocation mining service and already counts the Fidelity Center for Applied Technology and LinkedIn founder Reid Hoffman as customers.
Commerzbank has developed a blockchain-based solution for machine-to-machine payments.
Following on from the launch of its ORCA-Direct algo last year, UBS has introduced ORCA-Pro, a new GUI targeted at clients frequently using ORCA-Direct to execute FX.
Jump Trading, the US high-speed trading firm, is on the hunt for technicians with a head for heights as it tries to shave all-important milliseconds off the time it takes to trade.
Uneven disclosure practices are making life difficult for agency algos and ECN trading.
Almost a year after taking over at UBS Group AG’s investment bank, co-heads Piero Novelli and Rob Karofsky are working on their first shake-up of the business.
Bryan Seegers is joining Citadel Securities next month in an e-FX sales role, reporting to Kevin Kimmel, global head of e-FX.
The spike in volatility has exposed the sum of all fears for traders of stocks, bonds, currencies and commodities.
Japan’s economy grew much faster than expected in April-June to mark the third straight quarter of expansion, as robust private consumption and business investment offset the hit to exports from cooling global demand.
For the past year, the OECD has been warning about the accumulation of risks and uncertainty that undermines investment and the world economic outlook.
The recent escalation in the US-China trade war has brought forward the next U.S. recession, according to a majority of economists polled by Reuters who now expect the Federal Reserve to cut rates again in September and once more next year.