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Frankfurt steps up efforts to move euro clearing from London

Frankfurt steps up efforts to move euro clearing from London

LONDON, Nov 1 (Reuters) – Deutsche Boerse’s derivatives division (DB1Gn.DE) stepped up efforts on Tuesday to attract a larger tranche of multi-trillion-euro derivatives cleared from London to its Frankfurt base ahead of legislation expected from the European Union. Brussels compared the need to reduce the EU’s heavy reliance on London for euro derivatives clearing since …

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EU offers to match UK move to boost trade in 'dark' stocks, documents show

EU offers to match UK move to boost trade in ‘dark’ stocks, documents show

LONDON, Oct 21 (Reuters) – A curb on “dark” or off-exchange trading in shares in the European Union should be removed altogether to better compete with Britain, EU documents seen by Reuters showed on Friday. The documents set out the latest compromises between EU states on reforming the bloc’s “MiFID” securities law to catch up …

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Analysis: Money market woes cast shadow over UK's $1.6 trillion commercial property sector

Analysis: Money market woes cast shadow over UK’s $1.6 trillion commercial property sector

Borrowing costs are expected to skyrocket over the next 5 years Some companies are already abandoning their fundraising plans Rents under pressure as tenants reduce their real estate needs LONDON, Oct 21 (Reuters) – Owners of Britain’s biggest shopping malls, skyscrapers and industrial hubs are facing rising borrowing costs and a recession that could push …

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Dollar plunges as U-turn in UK budget improves market sentiment

Dollar plunges as U-turn in UK budget improves market sentiment

NEW YORK, Oct 17 (Reuters) – The dollar fell against a basket of major currencies and the pound jumped on Monday after Britain’s new finance minister scrapped most of the government’s “mini budget”, triggering a rise in UK and US government bonds and reducing demand for the US safe-haven currency. Jeremy Hunt, who was appointed …

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