Negative rates are like steroids that will ‘dissolve your bones’ in the end, UBS advisor says
The central bank policy of negative interest rates received a resounding rejection at the IMF and World Bank annual meetings this week.
Coca-Cola CEO: UK consumer sentiment will lift if Brexit deal passes
Coca-Cola CEO James Quincey said that if U.K. lawmakers passes a Brexit deal, consumer sentiment will improve.
Turkish President Erdogan says he ‘cannot forget’ Trump’s letter
Erdogan said that Turkey would “do what’s necessary” concerning the letter “when the time comes.” He did not elaborate.
Boris Johnson’s Brexit deal is worse for the UK economy than Theresa May’s, research suggests
U.K. Prime Minister Boris Johnson’s new Brexit deal would have a worse impact on the British economy than the Withdrawal Agreement negotiated by his predecessor Theresa May, according to a recent independent study and past government figures.
Credit Suisse to start charging wealthy clients for cash deposits
Credit Suisse will start charging wealthy clients with large cash deposits in Swiss francs, the latest Swiss bank to pass on negative interest rates to customers.
Firms with a female CEO have a better stock price performance, new research says
Companies with female leaders often perform better on the stock market than those led by men, researchers have claimed.
Second Brexit referendum hopes dim as UK lawmakers prepare for historic vote
Boris Johnson has revised Theresa May’s Brexit deal with the EU. Lawmakers in the U.K. will now vote on his proposals in a special sitting on Saturday.
Bank of Russia: US-China trade war escalation poses structural risk to global economy
The latest round of trade talks between the U.S. and China ended last week with the promise to begin “phase one” of a partial trade deal.
Boris Johnson’s Brexit deal faces narrow defeat on Saturday, analysts warn
British Prime Minister Boris Johnson has insisted he is “very confident” the House of Commons will support his Brexit deal on Saturday.
European Central Bank members voice concern over its negative rate policy
Two members of the European Central Bank (ECB) have expressed concern at its current negative rate policy, fearing “unintended consequences.”