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Facebook’s crypto team holds talks with major banks

Bloomberg The biggest US banks have a chance to get in on the new cryptocurrency spearheaded by Facebook Inc. The association behind the Libra coin is in talks with the banks to participate in its governing body, according to a person familiar with the matter who asked not to be identified discussing private negotiations. The person didn’t specify which banks ...

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BOJ governor’s yield flexibility sets up market test amid a dovish tide

Bloomberg As peers in the US and Europe take a dovish turn, Bank of Japan (BOJ) Governor Haruhiko Kuroda signalled he’s unfazed as bond yields in his own country get caught up in the global shift lower. “There is no need to be extremely and strictly mindful about a concrete range for the rate” on Japan’s benchmark 10-year bond yield, ...

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Norway increases rates for third time in a year

Bloomberg Norway’s central bank is on a lonely march towards higher interest rates, torn between an oil industry running at full speed on its home turf and slowing growth abroad. Governor Oystein Olsen’s commitment to tightening has surprised markets with a more hawkish outlook three meetings in a row. He raised the key rate for a third time in less ...

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