FCA looks at stable door after Mifid has bolted
COPYING AND DISTRIBUTING ARE PROHIBITED WITHOUT PERMISSION OF THE PUBLISHER: CHUNT@EUROMONEY.COM By: Published on: Wednesday, July 18, 2018 Unbundling probe will confirm Mifid II distortions. The UK’s Financial Conduct Authority’s (FCA) review of the impact on research is too early...
The EU is making a retaliation list to strike back if the US hits European cars with tariffs
The European Union is making a list of goods it could target as a way to retaliate against potential tariffs on European cars, an EU official said Thursday. “If the U.S. would impose these car tariffs, that would be very...
Biggest threat to markets and economy is a Democrat win in November, Trump advisor Hassett says
The main thing that could derail markets and the economy would be a Democrat takeover of Congress, White House economic advisor Kevin Hassett said Thursday. With GDP expected to grow about 4 percent in the second quarter and stocks on...
Swiss Franc Trading A Tad Higher In The Asian Session
For the 24 hours to 23:00 GMT, the USD declined 0.15% against the CHF and closed at 0.9988. In the Asian session, at GMT0300, the pair is trading at 0.9989, with the USD trading marginally higher against the CHF from...
Loonie Trading Slightly Higher In The Morning Session
For the 24 hours to 23:00 GMT, the USD declined 0.23% against the CAD and closed at 1.3169. In the Asian session, at GMT0300, the pair is trading at 1.3167, with the USD trading a tad lower against the CAD...
Aussie Surges after Strong Employment Data, Focus Turns to UK Retail Sales
Australian Dollar jumps broadly today after much stronger than expected job data. But upside against Dollar is capped so far. After all, RBA is clear that it’s next move is likely a hike, yet there is no strong case for...
One of the world’s major financial centers is about to shake up its banking sector
Hong Kong, long a global leader in banking and finance, is bracing for the arrival of so-called virtual banks — financial institutions without physical branches where all transactions are online. Authorities are keen to raise Hong Kong’s game in financial...
Trade finance: We.trade banks to support multiple platforms
The trades, executed by 10 companies via four banks on the we.trade platform – a consortium of Deutsche Bank, HSBC, KBC, Natixis, Nordea, Rabobank, Santander, Société Générale and UniCredit — have been described as the first commercially viable open account...
After-hours buzz: AXP, EBAY & more
Check out the companies making headlines after the bell: Shares of American Express tumbled nearly 3 percent in after-hours trading. The financial services company beat analysts’ expectations on earnings for its second quarter, posting $1.84 per share versus the estimated...