Britain says high standards will be maintained UK flags criticism in financial crisis-era reforms London faces new competition from EU centers Consultation on the planned digital book LONDON, Dec 9 (Reuters) – Britain presented a series of measures on Friday to bolster the City of London’s role as a global financial hub, under pressure since …
Britain overhauls financial rules to bolster City’s global influence Read More »
NEW YORK, Dec 6 (Reuters) – As the U.S. dollar tumbles from multi-decade highs, some investors are betting emerging market currencies will be the big winners from a sustained reversal in the greenback. The MSCI International Emerging Market Currency Index (.MIEM00000CUS) is up nearly 5% from its lows and posted its best monthly gain in …
LONDON, Dec 5 (Reuters) – Pension funds and other “non-bank” financial firms hold more than $80 trillion in hidden off-balance sheet dollar debt in foreign exchange swaps, the Bank for International Settlements (BIS) said. ). The BIS, dubbed the central bank of central banks around the world, also said in its latest quarterly report that …
Currency swap debt is an $80 trillion global regulator, says ‘blind spot’ Read More »
LONDON, Dec 5 (Reuters) – European stock indices were mostly down on Monday, finding little support from the easing of domestic pandemic restrictions in China, after market sentiment was dampened by data on the employment in the United States on Friday which raised fears of persistent inflation. Asian stocks had been boosted early on Monday …
European markets slide, China eases pandemic measures Read More »
European oil sanctions are due to come into force on December 5. The idea is to reduce Russia’s oil revenues given its war in Ukraine. Andrei Rudakov | Bloomberg | Getty Images Upcoming sanctions on Russian oil could be “really disruptive” for energy markets if European countries fail to set a cap on prices, analysts …
Russia turns to Chinese currency despite sanctions Moscow becomes the 4th offshore trading center for the yuan The share of the yuan in the Russian foreign exchange market increases from 1% to 45% Russian central bank backs trend but warns of risks This content was produced in Russia where the law limits coverage of Russian …
Yuan is the new dollar as Russia rolls to red back Read More »
NEW YORK, Nov 28 (Reuters) – The global oil market is signaling a potential shift as traders and analysts worry about falling demand for crude and a surplus market in the coming months. After months of strength, crude futures are flirting with all-year lows as major oil consumer China enters additional COVID-19-related lockdowns while central …
Global oil market signals near-term weakness ahead of EU embargo on Russian oil Read More »
Earlier this week, the European Commission published a statement declaring what he called a “safety cap” for gas prices set at 275 euros, or $283, per megawatt hour. Hailed as the long-awaited gas price cap that EU members have been discussing for weeks now, the cap’s objective, according to the Commission, will be used as …
Gas price caps could cause irreversible damage to energy markets | OilPrice.com Read More »
Thanks to parallel internets, the platforms have caused seismic changes in global data flows. Getty The global political movement to improve connectivity and bridge the digital divide has resulted in reports on international data markets and associated regulatory policies. The articles present sometimes confusing terminology: usage, transit, peering and interconnection. Each term has a specific …
Seismic Changes in International Data Markets Require Broadband Internet Policy Update Read More »
Budget finds more than 21 billion euros to bring energy bills under control Taxes additional profits of energy companies at 35% Includes amnesty on tax arrears, reduction of retirement age Relaunches the bridge project linking Sicily to the mainland ROME, Nov 22 (Reuters) – Italy’s new right-wing government on Tuesday approved its first budget, a …
