SYDNEY, Aug 29- London copper futures were mostly unchanged on Friday, but prices were on track for their biggest monthly loss since March on worries that escalating tensions in Ukraine could set back global growth and hit metals demand. *The most-traded October copper contract on the Shanghai Futures Exchange fell 1 percent to 49,740 yuan a tonne.» Read More
The head of the International Monetary Fund has warned that governments are risking a currency war if they try to use exchange rates to solve domestic problems, reports the Financial Times.
Barack Obama signalled he was open to lowering the US corporate tax rate from its level of 35 per cent, amid speculation that the administration could seek broad-based reform of the tax code as early as next year, reports the Financial Times.
The US Federal Reserve must not launch a new round of asset purchases without setting out what they are meant to achieve, the president of the Philadelphia Fed has warned in an interview with the Financial Times.
In an era of deficient demand, issuers of reserve currencies adopt monetary expansion and non-issuers respond with currency intervention. Those, like Brazil, who are not among the former and prefer not to copy the latter, find their currencies soaring. They fear the results.
The US government is in danger of missing its deadline of divesting all of its Citigroup shares by the year-end after a fall in stock market trading volumes prompted authorities to slow down sales in July and August.
Europe’s central banks have all but halted sales of their gold reserves, ending a run of large disposals each year for more than a decade. The FT reports.
The repo market was central to the dramas of 2008. One of the main reasons why entities such as Lehman Brothers collapsed, after all, was that investors fled from repo deals, because they became frightened about counterparty risk.
Strong investor demand for junk bonds has pushed the average price on such corporate debt to its highest level since June 2007, when companies could borrow with ease at the height of the credit boom, the Financial Times reports.
Tom Nides, Morgan Stanley’s chief operating officer and a long-time aide to the bank’s chairman, John Mack, is in discussions to take a senior post in Hillary Clinton’s state department, reports the Financial Times.
These hotshots aren't household names. Until recently, they've shunned the limelight.
European banks are borrowing at their fastest rate in almost six months and are set to continue exploiting a positive market mood. The FT reports.
The top 10 hedge fund managers have earned more than $153bn for their investors since they were founded, a third of the 7,000-strong industry’s returns, latest research shows. The FT reports.
While the "speed" issue has not garnered much attention in recent years – partly because most observers assumed that speed was good – it seems that a debate is long overdue, the FT writes.
Russia announced a 12-month extension of its grain export ban on Thursday, raising fears about a return to the food shortages and riots of 2007-08, the FT reports.
Ed Balls will on Friday say that a “hurricane is about to hit” Britain’s economy, in the most dramatic warning yet by a Labour politician that the coalition’s plans to cut the deficit risk pitching the country into a double-dip recession. The FT reports.
An MI6 employee who was found murdered in his London flat this week may have been killed up to two weeks ago, according to security sources investigating the case.
When the European Union stepped in this spring with a €750 billion ($955 billion) rescue package to back Europe’s weaker economies, the threat of imminent default practically disappeared, the New York Times reports.
Nicolas Sarkozy on Wednesday set out his agenda for France’s forthcoming presidency of the G20 group of leading economies, proposing measures to reduce currency fluctuations, curb commodity speculation and speed up reform of international institutions.
The average pay of top bankers in the US and Europe fell by nearly 60 per cent in 2009 amid a furor over bonuses, according to data compiled for the Financial Times.
BHP Billiton will launch its charm offensive in Canada this week, as the mining group seeks to convince Canadian regulators and Potash shareholders of the value in its $39 billion (£25.1 billion) bid to take over the fertiliser producer.
Master of the S&P Howard Silverblatt explains how two groups are controlling the market right now.
Despite all that should be hurting gold, the precious metal has traded flat for the month. Is that a bullish sign?
Gold is up 5 percent on the year. Is there a bullion breakout ahead? With CNBC's Bertha Coombs and the Futures Now Traders.
Equity, commodity and currency markets are experiencing low volatility, but one market variable stands out in the seemingly stable environment.
Gold was little changed but was on track to post a gain, as growing tensions between Russia and Ukraine stoked safe-haven demand for the metal.
Brent crude held above $102, but prices were heading for a loss as ample supply and softening demand in Europe and China outweighed concerns.