World News by Wild Rose

Officials from Hong Kong and Singapore pitched rival plans to create gold trading hubs in Asia, underscoring fierce competition to secure new business and capitalize on strong demand for the precious metal.

India’s markets regulator is considering easing position limits for non-agricultural commodity derivatives and changing settlement rules for some farm contracts, as it seeks to deepen trading and attract more genuine hedgers.

Low Ze Sheng has spent the past two years trading memecoins, chasing the jokes and bursts of attention that can send a token soaring before the crowd moves on.

Trading in single-stock futures on India’s largest bourse sank to a 34-month low as the new closing auction disrupted strategies used by arbitrage funds.

Copper steadied as investors honed in on potential shifts in supply and as a Chinese national holiday was set to damp trading volumes.

Nuveen LLC was behind a flurry of trading in Brightline’s municipal debt this week, offering up its entire position in the bankrupt private railroad’s senior uninsured bonds, according to people familiar with the matter.

SGX Group Head of Derivatives Janice Kan believes investors are abandoning siloed trading, and are now demanding a single venue where they can trade global equities, sectors and currencies together. She speaks with Haslinda Amin on "Insight with Haslinda Amin." (Source: Bloomberg)

Traders are piling into options tied to fixed-income ETFs at a record pace, in a rush to position portfolios with yields on 10-year and 30-year Treasuries at the highest in two decades.

The Hong Kong government has appointed Bryan Chan Ping-keung, a former executive at bourse operator Hong Kong Exchanges and Clearing (HKEX), as CEO to lead the development and operation of the city’s new central clearing and settlement system for gold. Chan will head Hong Kong Precious Metals Central Clearing (HKPMCC), a wholly government-owned entity established in January to run the clearing system for precious metals. His appointment would take effect on October 2 for a three-year term,...

Nisha Patel, SMA Fixed Income Portfolio Manager at Parametric joins Scarlet Fu on "Bloomberg Real Yield." They discuss drivers for the selloff in bonds. (Source: Bloomberg)

Subdued retail demand for the IPO and the gray market indicating a gain of about 2%-3% suggest that a blowout first-day pop is unlikely.

Metropolitan Stock Exchange of India Ltd. will allow National Stock Exchange of India Ltd.’s shares to trade on its platform under a special framework after the nation’s biggest bourse makes its debut on BSE Ltd. on Thursday.

The $4 trillion-a-day currency swaps market is trying to break its reliance on dealers picking up the phone, with trading venues looking to automate this stubbornly manual corner of foreign exchange.

The won’s recent weakness may be short lived as South Korea’s chip sector bolsters growth, supporting the currency’s recovery against the dollar by year-end, according to a Citigroup Inc. trader.

On concerns raised by some brokers and asset management companies over the new UPI Merchant Discount Rate (MDR), Mr. Pandey said the Securities and Exchange Board of India (SEBI) would examine the issues.

Bank of America chairman and CEO Brian Moynihan said that it is 'encouraging' to hear that AI firms are taking the responsibility of AI safety seriously as leaders raise the alarm about the pace of innovation and potential ramifications. Moynihan, talking to Bloomberg's Dani Burger, said that he expects trading to be ‘relatively flat’ in the third quarter compared to last year. (Source: Bloomberg)

Bank of America Corp. Chief Executive Officer Brian Moynihan said trading revenue will be "relatively flat" compared with last year's third quarter. But he says even if that happens, the bank will still have had one of its best third quarters ever. He speaks to Bloomberg's Dani Burger. (Source: Bloomberg)

Cosan's shares stop trading on the New York Stock Exchange on 18 September. Holders keep their receipts and trade them over the counter instead. The post Cosan Leaves the New York Stock Exchange on September 18 appeared first on The Rio Times.

AlphaGrep Securities Pvt., one of India’s largest high-frequency trading firms, is turning to the bond market for funding after the nation’s central bank tightened banks’ exposure to trading firms that use their own capital.

Copper held steady near an all-time high, with traders weighing ongoing risks of supply tightness while the closure of US markets sapped risk appetite.

The yen strengthened to its highest level since February, rising as much as 1.4% to 154.06 against the dollar in London trading. The gain meant the Japanese currency surpassed the peak reached after coordinated intervention by Japan and the US. Geoff Yu, senior strategist at BNY, says "some deterrence has been established" at 160 per dollar. (Source: Bloomberg)