Sweden's crown fell to a two-month low against the euro after the country elected a minority government.» Read More
NEW YORK, July 9- BNP Paribas, for the second time in nine days, pleaded guilty on Wednesday to conspiring to violate U.S. sanctions, as part of a nearly $9 billion settlement in which the French bank admitted to breaking embargoes against Sudan, Cuba and Iran. District Judge Lorna Schofield accepted the plea at a hearing in Manhattan federal court.
U.S. authorities have begun settlement talks with Commerzbank over its dealings with blacklisted countries, the New York Times reports.
Milk prices may unravel the popular carry trade of using currencies such as the yen or U.S. dollar to buy higher-yielding New Zealand dollar assets.
Singapore, an Asian hub for banking and finance, is ramping up its bid to become a center for gold trading that may one day rival London.
Expectations interest rates will be lower for longer have spurred "carry trades" funded by low-yielding currencies, but some warn it's not a safe bet.
China shares are stuck between hopes low valuations may spur bargain buying and fears of a potential credit crisis, but some see trading opportunities.
Pimco is still hawking its "new neutral" expectations for interest rates to stay lower for longer, but some analysts are starting to express doubt.
Prices for Treasurys fell, pressured by sale of new coupon-bearing government debt this week and a greater risk appetite after a strong jobs report.
The euro rose against the dollar and the yen on Monday, on confidence that the ECB will not be easing policy again soon.
The euro continued to rise despite the ECB's all-out assault on the specter of deflation, and some analysts believe it won't weaken anytime soon.
The Federal Reserve released minutes from its last meeting, where it discussed the procedures for hiking interest rates.
The ECB is expected to "shock and awe" with an easing package, but some analysts worry one potential move - a negative deposit rate - may backfire.
European Union antitrust regulators charged on Tuesday HSBC, JPMorgan and Credit Agricole with rigging financial benchmarks linked to the euro.
The dollar teetered near a three month low against the yen on Monday, hit by falling U.S. interest rates.
The PBOC's call on the lenders to give priority to first-time home buyers when allocating credit marks a policy shift for the government.
China's president says the economy must adapt a "new normal" in growth. That means Beijing is unlikely to step in with broad stimulus measures.
French bank Societe Generale reported a 13.3 percent drop in first-quarter net income as it booked a 525 million euro ($731 million) writedown on its Russian business as turmoil in Ukraine persists.
Chief executives in some of Europe's biggest banks saw huge gains in their pay packets in 2013, data compiled exclusively for CNBC reveals.
The dollar struggled against the yen and Swiss Franc as rising tensions in Ukraine offset optimism about U.S. economic growth.
After the tech sector's brutal selloff and this year's strong run for utility and healthcare stocks, investors are now eyeing a shift into "cyclical" names.