Former US diplomat and China expert Andy Rothman says the countries could strike a deal to end their trade dispute by summer. With talks between the two underway, there is little reason for the US to carry out a threat to increase tariffs on Chinese imports, Rothman says.
Online lender Capify has secured a £75 million credit facility from Goldman Sachs to expand in the UK and Australia. The UK firm, founded in 2008, offers loans and other financial products to small and midsize businesses.
The EU likely would approve an extension of the UK's Article 50 negotiation period beyond March 29 into the second half of 2019 to prevent a no-deal Brexit, diplomats say. The extension would need approval from all 27 states remaining in the EU.
Practices initially accepted under the Market Abuse Directive but banned under the more stringent Market Abuse Regulation might still be slipping by national competent authorities, according to a European Securities and Markets Authority report. ESMA says MAR rules have yet to be implemented by regulators in some cases.
The European Securities and Markets Authority is challenging the London Metal Exchange's handling of pretrade transparency requirements under the revised Markets in Financial Instruments Directive. The LME has applied for an interoffice-market waiver but expects rejection.
Best execution for investors is not improving under Europe's revised Markets in Financial Instruments Directive because of a lack of consistency in the way trading venues provide data, market participants say. Investors are "overwhelmed with this huge file of data," says Michael Richter, IHS Markit's executive director of trading analytics.
Cboe Global Markets Chief Operating Officer Chris Isaacson has been appointed to the board of directors of Options Clearing. Isaacson replaces Cboe CEO Ed Tilly, who has resigned from the board.
Slowdown of a six-month downtrend in the outright nickel price on the London Metal Exchange might be "a flash squeeze," rather than something bulls should get excited about, columnist Andy Home writes. "All the evidence suggests this particular nickel squeeze will be over within a few days," Home writes.
Investors are predicting a soft Brexit, or even a chance that the UK will stay in the EU, bringing optimism to markets. "The chances of a no-deal Brexit are so slim now it's not even really worth considering anymore," Greg Gibbs, founder of Amplifying Global FX Capital, says.
More than $100 billion in green bonds were issued in China last year, as public policy benefits environmental impact investing. New metrics will motivate companies to continue to mitigate environmental impacts.