Global Markets: China Stocks Fall as Deal Makers' Borrowing Probed
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Increased regulatory scrutiny over the borrowings of China's most prolific overseas deal makers weighed on mainland markets, as trading elsewhere in the Asia-Pacific region was lackluster.
Brexit's Impact on Markets: One Year On
Britain's surprise vote to leave the European Union on June 23 last year shook financial markets, sending the pound down more than 11% against the dollar in one day and causing local shares to tumble. Here's how U.K. markets stand one year later.
One Year On, Pound Can't Shake Brexit Blues
Political anxiety has dragged on the British pound in the year since the Brexit vote. But now a shaken power structure in Westminster and a central bank divided by economic cross currents have investors debating whether the beleaguered currency has further to fall.
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Oil Prices Come Off Recent Lows
Oil prices edged up but remained in bear market territory on lingering concerns about a global supply glut.
Fed's Stress Tests Bolster Case for Easing Bank Rules
The outcome gives ammunition to the Trump administration and congressional Republicans who see some of the rules put in place after the financial crisis as excessive.
Banks Pick New Reference Rate to Replace U.S. Dollar Libor
Efforts to replace Libor with a credible alternative have taken another step forward after 15 banks voted for a replacement of the U.S. dollar London interbank offered rate.
Consumer Bureau Criticized by Fellow Bank Regulator
Bank regulators rarely take public shots at each other, but the Consumer Financial Protection Bureau came under fire by an official who told senators the CFPB was doing a bad job of overseeing midsize banks, instead focusing on big banks, and should be stripped of its powers to supervise banks altogether.
BOE's Forbes Sees Central Bankers Hindered by Their Higher Profile
Central bankers around the world have displayed a reluctance to raise interest rates that may be partly due to increased scrutiny that has made them overly sensitive to possible economic setbacks, a Bank of England rate setter said in her valedictory speech Thursday.
Trump Promises Telecom Executives Less Red Tape
President Donald Trump on Thursday told technology and telecom executives the government will tackle federal regulations they consider too restrictive but stopped short of announcing any specific policies aimed at their industries.
U.S. Regulators Propose a Lighter Touch for Banking Oversight
Banks would see an easing of trading restrictions, more transparency in stress tests and less burdensome capital requirements under rollbacks proposed by policy makers to Senate lawmakers Thursday.
(END) Dow Jones Newswires
June 23, 2017 03:16 ET (07:16 GMT)