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Bloomberg London’s role as the world’s hub for foreign-exchange trading would be weakened if U.K. voters opt to leave the European Union in June, with Frankfurt benefiting the most, according to a poll of currency traders and market professionals. Some two-thirds of respondents said a Brexit — a British exit — would weaken the City of London’s dominant position in ...

Bloomberg Governor Elvira Nabiullina said a stable and improving inflation outlook will enable the Bank of Russia to embark on steeper monetary easing without putting financial stability at risk. Keeping interest rates on hold for a prolonged period is winning trust that inflation will continue to ease, Nabiullina said at a banking congress in Moscow on Thursday. Even so, she ...

Bloomberg European lawmakers agreed to delay the overhaul of Europe-wide market-rules known as MiFID II by a year in a vote on Thursday in Brussels. The European Parliament adopted the European Commission’s proposal to postpone the start date for MiFID II, the complex law that affects nearly every financial firm operating in the 28-nation bloc, by a year to 2018 ...

Bloomberg The European Central Bank called on its counterpart in Hungary to review several of its programs ranging from education to art and real estate on concern they may violate a prohibition on monetary financing. The activities under scrutiny include a network of foundations the Hungarian central bank created last year, the regulator’s acquisition of the Budapest Stock Exchange as ...

Bloomberg The more than $30 billion of buyouts among companies at the heart of global financial markets have in the past six months turned little-known data firms into some of the industry’s hottest takeover targets. Deutsche Boerse’s $13.8 billion proposed buyout of London Stock Exchange Group Plc would be among the biggest in the industry’s history, sweeping into play information-service ...

“It’s not the will to win that matters. It’s the will to prepare to win that matters” — Paul ‘Bear’ Bryant People here at Ted Cruz’s campaign headquarters are meticulously preparing to win a contested convention, if there is one. Because Donald Trump is a low-energy fellow, Cruz will be positioned to trounce him in Cleveland, where Trump’s slide toward ...

The case to push for renewable energies has never been stronger before. The drop in prices of traditional energies such as oil, gas and coal, spurred unprecedented investments in clean energy, especially in 2015. Cheaper cost, driven by technology to produce the renewable energy, is a key factor to resort to the clean energy sector. Recent solar and wind auctions ...

Catherine Putz SPECIAL TO EMIRATES BUSINESS Leaders from the Eurasian Economic Union are set to meet on April 8 in Yerevan, Armenia. But in light of the recent heat-up of that country’s frozen conflict with neighboring Azerbaijan over Nagorno-Karabakh, the union’s other members are looking for a change in venue. The EEU encompasses Russia, Kazakhstan, Belarus, Armenia and Kyrgyzstan. RFE/RL ...

Since 1967, when then-Japanese Prime Minister Eisaku Sato introduced the “three non-nuclear principles,” Japan has existed in a state of contradiction when it comes to the question of nuclear weapons’ place in the world: while Japanese leaders call for the global abolition of nuclear weapons, they simultaneously acknowledge the importance of nuclear deterrence and Japan’s reliance on the U.S. nuclear ...

BLOOMBERG U.S. stocks slipped, gold rallied and the yen strengthened to a 17-month high amid renewed concern that central bank policies have failed to revitalize growth. The Standard & Poor’s 500 Index retreated into the middle of range that’s bound trading since the Federal Reserve’s March 16 meeting, while European equities reversed gains as bank shares slid. Gold rose after ...