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Markets left teetering as trade war derails Fed calming efforts

New york stock exchange

Bloomberg Any reassurance markets got from the Federal Reserve in Jackson Hole was wiped out within minutes. A volley of acrimonious presidential tweets and a nastier turn in the trade war sent Treasury yields, stocks and the dollar skidding into the weekend. Hopes that the central bank could guide markets to a cool-headed assessment of the US economy now look ...

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Pound’s biggest Brexit risk is not what it seems to be

Sterling predicted to drop after yes campaign gains ground

Bloomberg As markets bet on a no-deal Brexit, the real shock for pound traders could be Prime Minister Boris Johnson clinching a sudden deal. Sterling has tumbled in recent weeks as Johnson’s “do or die” stance has led traders to increase bets against the currency on the prospects of a no-deal Brexit on October 31. Yet a surge of nearly ...

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Deutsche Bank SEC case showing ‘classic’ nepotism in Russian hires

Deutsche copy

Bloomberg Deutsche Bank AG executives were outraged. They had just missed out on a major deal with the Russian government and wanted answers. “We must use whatever tactic and political pressure to avoid this embarrassment,” a senior banker in London wrote in an email to the firm’s top executive in Russia. “DB not participating is a slap in our face.” ...

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