French Economy Minister Bruno Le Maire says Germany and France will submit proposals for regulation of cryptocurrencies to the Group of 20. Le Maire and his German counterpart say global rules for digital currencies are necessary to deal with tax evasion, money laundering and other criminal activities.
The bright global economic recovery could be overshadowed by geopolitical threats during Tuesday's launch of the World Economic Forum in Davos, Switzerland, experts warn. Though not all geopolitical threats are perceived to affect the economy, "there may be a disconnect, which has been going on for some time already and may well continue for some time", says UBS Chairman Axel Weber.
Technical analyst Colin Cieszynski, CMT, has spotted an unusual formation on IBM's chart. Known as an island top, it suggests a significant high point has been reached that is likely to lead downward, after a generally negative market reaction to IBM's positive earnings report.
AFME has warned key issues must be resolved during Brexit negotiations to ensure financial stability. AFME singles out data transfers; continuity of contracts, notably over-the-counter derivatives; legal jurisdiction; infrastructure access; and a common strategy for bank resolutions.
Attracted by higher yields and stronger credit ratings than they can find at home, insurers across Europe are increasing purchases of US municipal bonds. Foreign investors had expanded holdings of US munis to about $104 billion by the end of September, more than twice the total 10 years earlier.
The British government are searching for a way to let borrowers in the UK continue to receive funding from the European Investment Bank after Brexit. Werner Hoyer, the EIB's president, has said he would like the UK to continue to be a member of the bank after it leaves the EU.
As Greece prepares to exit its third bailout this year, Kate Allen points out five charts that indicate whether the economy is truly back on track.
The China Securities Regulatory Commission says "rat trading" cases, in which fund managers front-run clients, dropped significantly last year after market supervision had increased. Overall, major market-violation cases doubled in 2017 compared with 2016.
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