The US Treasury has named five nations on a “monitoring list” for exchange rate manipulation in a new semi-annual report, including, a little bizarrely, Germany.
The oil price may have reached its floor after touching decade-low levels this year because of fears about a supply glut and a stand-off between the big producing nations, according to the world’s leading energy official.
Australian entrepreneur Craig Wright has publicly identified himself as Bitcoin creator Satoshi Nakamoto.
Federal Reserve Bank of New York President William Dudley has told a gathering that “the evidence that market liquidity has diminished is mixed”.
Puerto Rico will miss a major debt payment due to creditors Monday, registering the largest default to date for the fiscally struggling US territory.
The yen is firmer on Monday, sitting at an eighteen month high after strengthening as much as 0.3 per cent.
The first phase of Spain’s second political transition draws to a close on Monday with four different parties sharpening their attacks for a renewed assault on government.
Deutsche Bank has “serious” and “systemic” failings in its controls against money laundering, terrorist financing and sanctions, according to confidential findings by the UK’s financial watchdog, which had already put the lender in supervisory “special measures”.
The energy group Halliburton has abandoned its $28bn pursuit of rival Baker Hughes after antitrust authorities moved to block the deal, leaving it to pay a $3.5bn termination fee which formed part of a provision agreed during the takeover talks.
Oil super-giant Saudi Aramco is poised to become the world’s largest company with a multi-billion dollar listing which draws from just a fraction of its total corporate heft.
The first batch of platforms to report April volume data have seen slight increases from March 2016, no doubt helped by volatility late in the month in the yen, however the picture on a year-on-year basis is more mixed.
The Parker FX Index fell by 0.03% (-0.02% on a risk-adjusted basis) in March with 28 of the 31 programmes in the Index reporting results
With new data suggesting that China’s economy stabilized in April amid a property recovery and credit surge, analysts say there is little need for stepped-up monetary easing in the immediate future.
Two-plus years of a near-unbroken rally and a market might perhaps be forgiven for a pullback — unless that market is in China, where the sharpest monthly jump in bond yields since the rally began has prompted worries another mainland boom looks on borrowed time.