Asian investors prepare for choppy trade as U.S. stimulus talks drag on

© Reuters. FILE PHOTO: A TV reporter stands in front of a large screen showing stock prices at the Tokyo Stock Exchange after market opens in Tokyo By Jessica DiNapoli NEW YORK (Reuters) – Asian investors prepared for rough trading on Thursday after a bumpy session on Wall Street amid fears that agreement on a […]

Continue Reading

Sterling falls as UK PM Johnson responds by calling to prepare for no-deal Brexit

GBP/USD falls by about 100 pips before settling closer to 1.2900 now For bank trade ideas, check out eFX Plus Cable was treading close to its 200-hour MA (blue line) earlier @ 1.2960 before UK PM Johnson offered a surprise response to the EU summit yesterday in calling for preparations of a no-deal Brexit by […]

Continue Reading

German public sector unions prepare walkouts over pay

© Reuters. FILE PHOTO: German nurses and nursing staff demonstrate for higher pay and better working conditions amid the coronavirus outbreak BERLIN (Reuters) – German public sector workers unions are preparing to take industrial action including walkouts next week after making no progress in a second round of wage talks with the government, they said […]

Continue Reading

‘Let’s get going’: UK tells businesses to prepare for Brexit crunch

© Reuters. FILE PHOTO: Michael Gove arrives at Downing Street in London By Paul Sandle LONDON (Reuters) – Britain is urging businesses and individuals to prepare for the Dec. 31 end of the Brexit transition period with an information campaign titled: “The UK’s new start: let’s get going.” Britain left the European Union on Jan. […]

Continue Reading

‘Repair and Prepare’: EU unveils 750 billion euro plan for coronavirus recovery

3/3 © Reuters. FILE PHOTO: News conference after a video conferenced EU summit with European heads of state, in Brussels 2/3 By Jan Strupczewski and Gabriela Baczynska BRUSSELS (Reuters) – The European Commission unveiled on Wednesday a plan to borrow on the market and then disburse to EU countries 750 billion euros in grants and […]

Continue Reading

British finance workers prepare for return to office of the future

2/2 © Reuters. FILE PHOTO: Outbreak of the coronavirus disease (COVID-19), in London 2/2 By Lawrence White, Carolyn Cohn and Pamela Barbaglia LONDON (Reuters) – Limits on elevators, thermal imaging and temperature checks will greet a first wave of traders and bankers in Britain preparing to return to offices under new norms to tackle the […]

Continue Reading

Exclusive: U.S. banks prepare to seize energy assets as shale boom goes bust

© Reuters. Pump jacks operate at sunset in Midland By David French and Imani Moise NEW YORK (Reuters) – Major U.S. lenders are preparing to become operators of oil and gas fields across the country for the first time in a generation to avoid losses on loans to energy companies that may go bankrupt, sources […]

Continue Reading

Investors prepare for more market swings as virus spreads in the U.S.

© Reuters. Traders work on the floor of the New York Stock Exchange (NYSE) after the opening bell of the trading session in New York By Kate Duguid (Reuters) – With one of Wall Street’s wildest weeks in recent memory now in the history books, investors are bracing for more uncertainty and big market swings […]

Continue Reading

Antitrust attorneys prepare to depose UK traders

Expanding reach: “We will be taking depositions of people in the UK” – Chris Burke, Scott+Scott Attorneys in the US foreign exchange benchmark-fixing antitrust case are moving to depose UK traders connected to banks that have already settled, as legal teams continue to build a case against Credit Suisse, the only remaining dealer fighting the […]

Continue Reading