UBS names new CEO for European Union operations

FRANKFURT (Reuters) – UBS (UBSG.S) on Tuesday announced the appointment of Christine Novakovic as the chief executive officer of the Swiss Bank’s European Union operations. The appointment, which is based in Frankfurt, will make Novakovic one of the most prominent bankers in Germany where women occupy less than 10% of top management jobs in the finance industry. She succeeds Thomas […]

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Safe-haven currencies out of favour on stimulus hopes, focus on Huawei

TOKYO (Reuters) – Safe-haven currencies such as the yen and Swiss franc were under pressure on Monday as expectations that policymakers would unleash new stimulus eased immediate concerns about a slowing global economy. Such hopes found support from the Chinese central bank’s interest rate reforms over the weekend that are expected to lower corporate borrowing costs, and reports of new […]

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The US economy is fine, but watch out for gathering trade storms

A fully-employed U.S. economy, operating above its noninflationary growth potential, needs no further help from a monetary policy running negative real short- and long-term interest rates. The problem is elsewhere, because asset traders see, and understand, no end to America’s unfolding trade disputes with Europe and China. Markets are also watching the lit up fuses on tinderboxes in the Persian […]

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Europe in crisis mode, Germany's in trouble: Andy Brenner

Europe is in crisis mode: Andy Brenner NatAlliance global fixed income head Andy Brenner on the economic concerns in Europe. The health of Europe's largest economy is in trouble as Germany teeters on the edge of a recession. Continue Reading Below A decline in exports dampened the German economy, which shrunk by 0.1 percent in the second quarter of 2019. “Germany is […]

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Global stocks hurt by China's trade threats, falling bond yields

LONDON (Reuters) – China’s threat to impose counter-measures in retaliation for the latest U.S. tariffs knocked stocks sprawling on Thursday, checking earlier attempt to recover from a rout sparked by fears of a world recession. Wall Street futures erased earlier losses and were trading in positive territory, but the relentless drop in global bond yields raised fears the world economy […]

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Trump officials see no Chinese concessions for tariff delays amid market rout

WASHINGTON (Reuters) – China made no trade concessions after U.S. President Donald Trump postponed 10% tariffs on over $150 billion worth of Chinese imports, senior U.S. officials said on Wednesday, adding that talks aimed at resolving the trade fight would continue and markets should be patient. “This was not a quid pro quo,” U.S. Commerce Secretary Wilbur Ross told CNBC […]

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Stocks, oil plunge on growing signs of global slowdown

NEW YORK (Reuters) – Equity markets tanked and oil prices fell sharply on Wednesday after a closely watched bond indicator pointed to the growing risk of a U.S. recession that was heightened by data showing Germany’s economy in contraction and China’s worsening. Yields on two-year U.S. Treasury notes rose above the 10-year yield for the first time since 2007, a […]

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