Market Pulse - Currencies
Trump threatens to quit WTO if it doesn't 'shape up'
US President Donald Trump told Bloomberg in an interview on Thursday that he would withdraw from the World Trade Organization unless it "shapes up" and treats the US better.
Consumer confidence jumps despite 'no deal' Brexit worries
Customers maintained a sunny disposition through August as consumer confidence rose by three points in the month, according to the GFK confidence index.
Argentina's central bank carries out emergency rate hike
Argentina's central bank has hiked its main policy rate from 45% to 60%.
Turkish lira lower on report central bank deputy governor set to leave
Turkey's currency, the lira, slid sharply lower in afternoon trading following a report that one of the top officials at the country's central bank's would soon announce his intention of leaving.
UK consumer credit slows sharply in July
Lending to both businesses and consumers slowed unexpectedly in July, although mortgage approvals were just a tad weaker than anticipated.
White House counsel faces autumn exit after Mueller probe cooperation
White House lawyer Don McGahn will leave his role in the autumn according to President Donald Trump, with the administration reportedly concerned by his level of cooperation with the Mueller investigation.
Trudeau warns 'no NAFTA deal is better than bad deal' for Canada
Canadian Prime Minister Justin Trudeau said late on Wednesday that although Canada had entered into negotiations for a new North American Free Trade Agreement with Mexico and the US, he would walk away from the talks if the deal doesn’t align with Canada’s best interests.
FX round-up: Jump in Sterling knocks US dollar off its perch, EM currencies find reprieve
Sterling snapped higher on Wednesday, as traders reacted to headlines that the European Union's chief Brexit negotiator had held out the possibility of a bespoke agreement with the United Kingdom - albeit with conditions.
UK and EU negotiators push back October Brexit deadline
The UK and the European Union are set to announce that the deadline for reaching a Brexit deal has been pushed back from October to November as it is now unlikely that an agreement can be reached before, Bloomberg reported on Wednesday.
Japanese companies despair at Brexit confusion
Japanese companies with operations in Britain are nonplussed by the UK government’s approach to Brexit as the deadline for leaving the EU nears, the Financial Times reported.
Theresa May says no-deal Brexit 'not the end of the world'
UK Prime Minister Theresa May said on Monday that a no-deal Brexit "wouldn’t be the end of the world", in what some observers said was an attempt to downplay the warning issued by Chancellor Philip Hammond during the previous week.
Euro area money supply growth slowed sharply in July, economists downbeat
Money supply growth in the single currency bloc slowed sharply last month, hinting at a looming slowdown in the economy, according to economists.
WTO chief warns of potential trade disruptions under no-deal Brexit
The World Trade Organization has warned the UK of possible trade disruptions under a no-deal Brexit scenario for the simple reason that there was not enough time beforehand to agree on tariffs and quotas with other WTO members.
US core durable goods orders jump in July
Orders in the US for goods made to last more than three years were much weaker-than-expected last month, but wholly due to declines in the oft-volatile categories for both civilian and military aircraft.
Yuan bounces back after China reinstates counter-cylical factor in daily fixing
China's currency jumped back on Friday afternoon after the country's central bank reinstated the so-called 'counter-cyclical factor' in its daily price-fixing mechanism for the yuan, Reuters reported.
Credit Bank of Moscow's net income boosted by increased customer deposits
The Credit Bank of Moscow, one of the largest privately-owned banks in Russia, saw net income grow 10% in the first six months of its trading year, bolstered by an increase in customer deposits.
Goldman Sachs to open retail bank in UK
In a boost for London's financial services sector, Goldman Sachs has opened a UK retail bank on Thursday, marking its first expansion overseas as the firm pushes into consumer banking, reported The Financial Times.
Corbyn is business's second-biggest worry after Brexit
The prospect of a Labour government led by Jeremy Corbyn ranks next behind Brexit as the biggest worry for business leaders, a poll showed.
South African government claps back at Trump's 'misinformed' tweets
A spokeswoman for South African President Cyril Ramaphosa said Donald Trump was "misinformed" about the nation's planned land reforms after the US President tweeted that land had been seized from white farmers.
Australian Prime Minister could resign as soon as Friday
Australian Prime Minister Malcolm Turnbull could stand down by the end of the week.