President Donald Trump is ready to allow a partial shutdown of the US government to get Congress to approve funding for a US-Mexico border wall, said Stephen Miller, a senior White House adviser. The federal government will partially shut down Friday if spending bills haven't been passed by Congress and signed into law.
Every business should have a process in place for employees to tailor proposals depending on audience type, writes Nancy Duarte. Mid-level managers need details, senior executives want the bottom line right away, peers respond to commonly-shared verbiage and a company-wide proposal should emotionally connect employees with the outcome, she writes.
Italy's coalition government has agreed on a revised spending plan it will present to the European Commission to avoid penalties over the country's deficit level. Leaders have agreed on reductions to "golden pensions" and have found an additional €3 billion to help lower the projected budget deficit to 2.04% of GDP from 2.4%.
Union Investment will transfer existing interest-rate swap positions to Frankfurt, Germany, from London and close existing euro-denominated swap trades at LCH. The German firm cited Brexit uncertainty for its decision.
Deutsche Bank Chief Financial Officer James von Moltke warned that a November raid of its headquarters by German law enforcement officials in connection with a tax-evasion investigation have affected quarterly earnings. Meanwhile, an official from the Qatar Financial Centre reportedly hinted that it might be willing to take a stake in Deutsche Bank.
The market for three-year UK inflation swaps has risen markedly this year suggesting fears that Brexit will lead to an increase in the inflation rate.
UK lawmakers should not "break faith with the British people" by calling for a second referendum on Brexit, Prime Minister Theresa May says in remarks prepared for delivery to Parliament today. Her office denied reports over the weekend that some high-ranking officials are considering a second referendum as a way to break the deadlock on the UK's withdrawal from the EU.
WisdomTree brought to NYSE Arca a global bond exchange-traded fund that hedges currency risk and attempts to deliver higher yield than can be achieved using a cap-weighted investment strategy. The WisdomTree Yield Enhanced Global Aggregate Bond Fund selects bonds from the Bloomberg Barclays Global Aggregate Index and reweights subgroups based on a variety of risks.
The Bank of England will require UK banks to model the impact of climate change in their stress-test results beginning next year, Governor Mark Carney said.
Regulators should coordinate stress tests for banks and central counterparties to prevent the possibility of creating a "destabilising feedback loop" that amplifies market stresses, a Bank for International Settlements quarterly report concludes. "[T]he risks of banks and CCPs should be considered jointly, rather than in isolation," the report notes.