Market Pulse - Currencies
Robert Mugabe resigns as president of Zimbabwe
President Mugabe has handed in a written letter of resignation, putting a halt to impeachment hearings, the speaker of Zimbabwe's parliament said on Tuesday.
Embattled Bombardier sees good demand for $1bn senior note sale
Embattled multinational aerospace and transportation company Bombardier has successfully issued fresh debt in what some observers appeared to judge as a move to bulk-up its balance sheet.
Indian Supreme Court demands Government regulate Bitcoin
The Supreme Court of India called on the nation's government on Tuesday to take steps to regulate the use of crypto-currencies such as bitcoin.
Bitcoin getting 'more attention than it deserves' - Morgan Stanley CEO
Investors who think Bitcoin is a stable investment are “deluding themselves”, Morgan Stanley CEO James Gorman has said.
Airbus clinches historic $50bn order
Airbus has clinched its largest ever order from Indigo Partners, the owner of four ultra low-cost carriers, at this year's Dubai Air Show, in what some commentators see as a vindication of that business model.
Army seizes power in Zimbabwe but denies Mugabe coup
Zimbabwe is now under the control of the country’s military after the army seized power on Wednesday, but said they guaranteed the security of President Robert Mugabe.
S&P cuts Venezuela's sovereign debt rating to 'selective default'
Standard&Poor's downgraded its rating on the long-term debt of Venezuela after the Caribbean country missed $200m of coupon payments on already outstanding debt, even as Caracas prepares to attempt a restructuring of its foreign debt pile.
Chinese economy continues to cool-off in October
China's economy slowed further in October with economists eyeing scope for further cooling ahead.
Parliament will have 2019 vote on final Brexit deal, Davis offers
Brexit minister David Davis has confirmed that the final deal to exit from the European Union will form a separate piece of legislation that must be debated by both houses of Parliament before the final divorce date.
Pound pummelled as 40 Tory MPs prepare for vote of no confidence in Theresa May
As many as 40 Conservative Members of Parliament were said to be preparing to sign a letter of no confidence in Prime Minister Theresa May ahead of a crucial round of Brexit negotiations, setting the pound sharply lower on what is likely to be a rollercoaster week.
Trump lashes out at 'trade abuses' in APEC speech
US President Donald Trump has lashed out at unfair trading practices during a key speech at the Asia-Pacific Economic Cooperation summit in Vietnam.
FX round-up: Increased rate hike expectations push US dollar higher
Tuesday saw the greenback rally against a basket of currencies, with the dollar index trading 0. 28% higher to 95. 020, able to hold on just below a 3 and half month high of 95. 150 hit last week.
PBoC shifts towards net purchases of FX reserves in October
China's central bank appears to have reverted back to net foreign exchange purchases last month, but that does not mean it is seeking to weaken its currency artificially, analysts said following the release of the latest foreign exchange reserve data by the country´s monetary authority.
FX round-up: Manufacturing and services data bolster greenback, sterling rebounds on services PMI
Friday saw a slew of economic data released for the US, including the non farm payroll, unemployment rate and services PMI.
Trump nominates Fed governor Jerome Powell to succeed Yellen
The US president has chosen Jerome Powell to succeed Janet Yellen at the head of the US central bank in what many observers see as the "continuist" option, although for some analysts he also has a "softer" approach when it comes to financial sector regulation.
BoE rate guidance not "a promise", Broadbent says
The Bank of England's indication on Thursday that it will raise Bank Rate twice more by the end of 2020 is not set in stone, one of its top decision-makers said.
Arqiva and Bakkavor shelve IPO plans
Investors waiting for the £1. 5bn initial public offer of Arqiva and the £100m float of Bakkavor will have to wait wait a little bit longer.
FX round-up: Greenback firms ahead of Fed decision, pound shaky despite positive data
The US dollar was 0. 17% stronger against a basket of currencies to 94. 712 on Wednesday, while sterling lost some ground against it's US counterpart.