
Bank of England urges banks to prepare for new crisis
Shares of British banks fell after the BoE said banks would have to tell investors in 2021 if they could be closed down without disrupting financial markets.

Shares of British banks fell after the BoE said banks would have to tell investors in 2021 if they could be closed down without disrupting financial markets.

Sterling fell to a new two-year low versus the dollar on Tuesday amid growing speculation that Britain is headed for a messy no-deal Brexit from the European Union.

The U.S. Senate on Monday failed to override President Donald Trump’s veto of legislation passed by Congress that would have blocked the sale of certain weapons to Saudi Arabia.

Shares in Yandex, Russia’s answer to Google, fell by more than 3% on Monday after a draft law proposed limiting foreign ownership in “significant” Russian IT companies to 20%.

China’s ICBC, and others are buying more than 17.3% pct stake in troubled Bank of Jinzhou, with the blessing of the government.

The operators of the planned Nord Stream 2 Baltic Sea gas pipeline have filed a complaint against the new EU Gas Directive with the Court of Justice of the European Union (CFI).

If you think climate change is only gradually affecting our natural systems, think again.

European central banks have ditched a 20-year-old agreement to coordinate their gold sales, saying they have no plans to sell large amounts of the metal, the European Central Bank (ECB) said on Friday.

The rally in European government bond and stock markets ran out of steam on Thursday after European Central Bank President Mario Draghi signalled another round of monetary easing but expressed caution about pulling the trigger too quickly.

European Central Bank President Mario Draghi said the bank’s all-important inflation target should not be viewed as a 2% cap, in a significant move accompanied on Thursday by further explicit hints of easing down the road.