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By Bloomberg News |
June 19, 2013
China’s government said the nation’s financial system must “better” serve economic growth under a prudent monetary-policy framework as the cost of borrowing on the interbank market surged.
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By Lukanyo Mnyanda and Anchalee Worrachate, Bloomberg |
June 19, 2013
The pound’s rally to a four-month high against the dollar is proving too much for currency traders unsure whether Mark Carney will step up stimulus efforts when he takes over as Bank of England governor next month.
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By Lindsay Fortado, Bloomberg |
June 18, 2013
The former UBS AG and Citigroup Inc. derivatives trader was charged with eight counts of conspiracy to defraud at a central London police station.
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By Ye Xie and Belinda Cao, Bloomberg |
June 18, 2013
Currency strategists from Barclays Plc to Deutsche Bank AG are telling investors to sell the yuan, this year’s best-performing emerging-market currency, as growth slows in the world’s second-largest economy and inflows wane.
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By Matthew Leising, Bloomberg |
June 18, 2013
The probe of Libor manipulation is proving to be the tip of the iceberg as inquiries into assets from derivatives to foreign exchange show that if there’s a chance to rig benchmark rates in world markets, someone is usually willing to try.
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By Lindsay Fortado, Bloomberg |
June 18, 2013
The former UBS AG trader at the center of a global investigation into manipulation of interest rates may face criminal charges this week.
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By Elizabeth Campbell, Bloomberg |
June 17, 2013
Hedge funds cut wagers on a gold rally for the first time in three weeks on mounting speculation central banks will curb record stimulus and as this year’s slump in bullion spurred losses for billionaire John Paulson.
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By Jim Brunsden, Bloomberg |
June 15, 2013
The European Union will take more time to assess U.S. and Japanese rules for swaps trading.
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By Andrea Tan and Sanat Vallikappen, Bloobmerg |
June 14, 2013
Singapore’s monetary authority censured banks for trying to rig benchmark interest rates and ordered them to set aside as much as S$12 billion ($9.6 billion) at zero interest pending steps to improve internal controls.
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By Nicholas Larkin and Debarati Roy, Bloomberg |
June 13, 2013
Silver is punishing investors amid diminishing trust in precious metals as a store of wealth and concern that growth is weakening, with $5.2 billion erased from the value of their near-record holdings this year.
