Month: October 2021

Reuters exclusively reported that a group of banks that partnered with the London Metal Exchange (LME) to launch gold and silver futures in 2017 is preparing to abandon the project after hoped-for volumes did not materialize. Such a move would end an attempt by the LME, which dominates industrial metals trading, to capture part of […]

Reuters exclusively reported that the Bank of England (BoE) will no longer hold off-the-record briefings between its policymakers and individual private financial institutions. The move, a permanent step aimed at improving the transparency of the BoE’s market intelligence-gathering operations, comes after growing concern about similar practices at other central banks.  The post Reuters exclusively reports […]

Reuters exclusively reported that the U.S. Securities and Exchange Commission (SEC) has opened a broad inquiry into how Wall Street banks are keeping track of employees’ digital communications. The industry “sweep” is a further sign that the SEC is ramping up enforcement under its Democratic leadership, and highlights the challenges Wall Street banks face keeping […]

Reuters revealed that two dozen countries have joined a U.S.- and EU-led effort to slash methane emissions 30% by 2030, giving the emerging global partnership momentum ahead of its launch at the U.N. climate summit in Glasgow later this month. Nigeria, Japan and Pakistan are among the 24 new signatories to the Global Methane Pledge, […]

Reuters was first to report that Turkey’s President Tayyip Erdogan has sacked three members of the Central Bank’s Monetary Policy Committee (MPC), clearing the way for further possible interest cuts as soon as next week. The news, announced at midnight, drove the Turkish lira down 1% to a fresh record low against the dollar. The […]

U.S. Senator Elizabeth Warren called for breaking up Amazon.com Inc and Indian retailers demanded a government probe of the company after a Reuters investigation showed the e-commerce giant had copied products and rigged search results in India. The Reuters report, reviewing thousands of internal Amazon documents, found that the U.S. company ran a systematic campaign of creating […]

Reuters was first to report a move by Germany’s leading economic institutes to massively downgrade their economic growth forecast for Germany in 2021 due to stubborn bottlenecks in global supply chains. Sources revealed to Reuters that the institutes – the RWI in Essen, the DIW in Berlin, the Ifo in Munich, the IfW in Kiel […]

Reuters exclusively reported that business information provider S&P Global Inc is set to secure EU antitrust approval for its $44 billion takeover of IHS Markit Ltd, taking it a step closer to becoming a data powerhouse. The deal, announced last November, reflects the consolidation in the financial information services sector as companies race to create one-stop […]

Reuters exclusively reported that a U.S. delegation would meet with the Taliban in Doha over the weekend – the first face-to-face meeting at a senior level since Washington pulled its troops from Afghanistan and the hardline group took over the country in August. Reuters revealed that U.S. Special Representative Zalmay Khalilzad, a long-time interlocutor with […]