FCA probe to explore Mifid II impact on research
The UK’s Financial Conduct Authority (FCA) has launched a review into the application of Mifid II regulations and the unbundling of research costs. It plans to write to asset managers, investment banks, specialist brokers and independent providers to ask for...
Trade Risks Elevate the Yen; European Stocks Tumble
Here are the latest developments in global markets: FOREX: During Monday’s trading session, the dollar was moving lower by 0.47% against the Japanese yen after the US President Donald Trump threatened on Friday to impose a 20% tariff on cars...
Harley-Davidson to move some production out of US to avoid EU tariffs
Harley-Davidson said on Monday it would move production of motorcycles shipped to the European Union from the United States to its international facilities and forecast the trading bloc’s retaliatory tariffs would cost the company $90 million to $100 million a...
Global RMB Poll 2018: The renminbi steps onto the world stage
Before even examining the data, let’s talk about feelings. The devaluation of the renminbi in August 2015 was a heart-breaking moment for all parties involved in regulating, marketing and selling it as a promising global currency. Within the space of...
Yen Rally Continues as Trade Spat Escalates
Yen trades broadly higher today, followed by Dollar and Swiss Franc as sentiments are weighed down by escalating trade rhetorics. Nikkei closed down by -0.79% at 22339.15, after hitting session low at 22312.79. China’s Shanghai composite opened higher, as lifted...
US economic fundamentals are good. Don’t overreact to trade issues
Wall Street is regrouping. Easy money has been made. The fiscal stimulus has been priced in for a long time. The Fed is an ongoing game, but the slightly easing price pressures along the U.S. yield curve are signaling surprisingly...
GE is said to close in on a $3B-plus deal to sell industrial engine unit to a private equity firm
General Electric may sell a unit that manufactures industrial engines to a private equity firm, The Wall Street Journal reported on Sunday, as part of a wide ranging effort to revitalize the moribund manufacturing giant. The Journal, citing unnamed sources...
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