By Naomi Rovnick, Alun John and Ankur Banerjee LONDON/SINGAPORE (Reuters) – The Japanese yen is on a bumpy path towards strengthening after Friday’s central bank policy change, threatening to upend the carry trade, one of this year’s most popular strategies, as the currency inevitably becomes more expensive. The BOJ kept its short-term interest rate target…
(Reuters) – U.S. investors turned to money market funds ahead of the Federal Reserve’s policy decision, uncertain about the future path of the central bank’s monetary policy amid solid economic data. Investors placed a net $24.62 billion in U.S. money market funds in the seven days to July 26, their first weekly net purchase since…
(Reuters) -Binance and its CEO Changpeng Zhao have filed a motion to dismiss a complaint against the cryptocurrency exchange by the U.S. Commodity Futures Trading Commission (CFTC), the company said in a court filing on Thursday. The CFTC sued Binance, Zhao and former Chief Compliance Officer Samuel Lim in March, alleging they violated the Commodity…
By Maria Martinez BERLIN (Reuters) -German inflation fell in July, resuming the decline since the start of the year that was interrupted the previous month due to the base effects in June’s data. German consumer prices, harmonised to compare with other European Union countries, rose by 6.5% on the year in July, preliminary data from…
By Nell Mackenzie LONDON (Reuters) – European credit hedge funds topped a most-wanted list of global hedge fund strategies in the second half of this year, according to a report by Barclays seen by Reuters on Friday. A net 14% of investors say they would allocate more room in their portfolios to European credit hedge…
(Reuters) -Police in Texas on Friday were investigating a 911 call reporting an active shooter at a large Tesla plant that turned out to be a false alarm, authorities said. The Travis County Sheriff’s Office responded to the emergency call at about 5 a.m. local time of an active shooter at the Tesla Gigafactory plant…
By David Milliken LONDON (Reuters) – Ben Bernanke, who chaired the U.S. Federal Reserve during the global financial crisis, will lead a review of the Bank of England’s forecasting processes, the British central bank said on Friday. British lawmakers have criticised the failure of the BoE to forecast the scale of last year’s surge in…
By Leika Kihara TOKYO (Reuters) -The Bank of Japan heralded the start of a slow shift away from decades of massive monetary stimulus on Friday, allowing the country’s interest rates to rise more freely in line with increasing inflation and economic growth. In what some analysts said could be a seismic shift for global financial…
(Reuters) – Telefonica has approached British telecoms group Vodafone about a potential deal involving internet broadband networks in Spain, the Spanish company’s chief operating officer told Bloomberg News on Friday. Telefonica had presented a number of proposals to Vodafone in talks in recent months, Angel Vila told Bloomberg in an interview. “The ball is now…
(Reuters) – Global money market funds drew big inflows in the week to July 26, as investors were cautious ahead of major central banks’ interest rate decisions and braced for the second-quarter corporate earnings results. According to Refinitiv Lipper data, global money market funds drew investments worth a net $38.74 billion in the week ended…
