Markets addicted to central banks’ backstop, Citi warns
LONDON (Reuters) – Central bank efforts to soften the blow to markets from weakening fundamentals are losing their impact and are leaving a system vulnerable to shocks, analysts at Citi said.
ECB needs greater flexibility in inflation targeting: Knot
VIENNA (Reuters) – The European Central Bank needs to exercise greater flexibility in interpreting its inflation mandate as the shock it is trying to overcome is bigger than any other in the previous 80 years, Governing Council member Klaas Knot said o…
Thai CEO challenges regulator’s first executive penalty since insider trading scandal
BANGKOK (Reuters) – A brokerage CEO has become the first ever executive to challenge a penalty imposed by Thailand’s stock market regulator, in the first disciplinary case involving an executive since an insider trading scandal prompted calls for stric…
BOJ to make negative rates centerpiece of future easing: sources
TOKYO (Reuters) – The Bank of Japan will consider making negative interest rates the centerpiece of future monetary easing by shifting its prime policy target to interest rates from base money at its review next week, sources familiar with its thinking…
Hong Kong regulator fines HSBC for regulatory breaches
HONG KONG (Reuters) – Hong Kong’s securities regulator said on Wednesday it fined and reprimanded HSBC for regulatory breaches and internal control failings related to its position in the futures and options contract market.
Samsung China to recall 1,858 Galaxy Note 7 smartphones: watchdog
BEIJING (Reuters) – China’s quality watchdog said on Wednesday Samsung Electronics Co Ltd’s local unit will recall 1,858 units of its Galaxy Note 7 phones, after the Korean firm’s product was found to have fire-prone batteries.
UK regulator bans former Barclays executive over misconduct
LONDON (Reuters) – A former Barclays executive has been banned from holding senior positions in the UK financial services industry for misconduct, the Financial Services Authority (FCA) said on Wednesday.
Samsung to cap Note 7 battery charge in South Korea via software update
SEOUL (Reuters) – Samsung Electronics Co Ltd , which has urged users of its Galaxy Note 7 smartphone to turn them in due to fire-prone batteries, said it will perform a software update in South Korea that limits the devices’ charge to 60 percent.
Spat over which U.S. airlines fly government workers intensifies
WASHINGTON (Reuters) – A spat among airlines over which deserved the contract to fly U.S. government workers on certain routes intensified on Tuesday, with the chief executive of JetBlue Airways Corp calling rivals hypocritical for protesting its award…
Exclusive: Bayer nears acquisition of Monsanto – sources
FRANKFURT/NEW YORK (Reuters) – Chemicals and healthcare group Bayer AG is poised to announce the acquisition of U.S. seeds company Monsanto Co on Wednesday for more than $66 billion, clinching the biggest deal of the year, people familiar with the ma…
