Global Markets

News

Trump Hears Pleas to Add More Tariffs

Mark Niquette | April 24, 2018

Meanwhile, president of National Foreign Trade Council warns: “This can’t be a mechanism to start raising tariffs on everything. There’d be no end to it.”

News

EU Talks Tough on Trump Tariffs

Jonathan Stearns | April 18, 2018

Trade war risk remains alive; EU won't engage with U.S. on trade until it gets a permanent exemption from "pure protectionism" of tariffs.

News

Curve-Inversion Angst Intensifies

Brian Chappatta | April 18, 2018

Flattening Treasuries yield curve leads to anxiety that a recession might be on the horizon.

Analysis

Impending Tariffs: Who Loses? Who Wins?

Aaron Rutstein | April 17, 2018

Tariffs proposed by the Trump administration would benefit some companies, hamstring others.

Analysis

Crypto Industry Sweep: ICOs Under Increasing Scrutiny by U.S. Regulators

Benjamin Klein, Deborah Meshulam, & Jason Chang | April 17, 2018

Regulators are now taking a more active role in investigating not just ICOs but also the companies developing funds or other investment vehicles focused on cryptocurrencies or ICOs.

News

Trump Weighs Rejoining TPP and Tones Down China Trade Threat

Treasury & Risk | April 12, 2018

President Trump sees Chinese actions as conciliatory: “Now we’re really negotiating, and I think they’re going to treat us really fairly.”

News

China Studying Yuan Devaluation Amid Trade Spat

Bloomberg News | April 09, 2018

A weaker yuan could help shore up China’s exports, but experts say it's “probably unwise.”

News

U.S. Deficit to Balloon Beyond $1 Trillion by 2020

Erik Wasson & Sarah McGregor | April 09, 2018

CBO projects that recent tax cuts and spending increases will push the federal budget deficit past the $1 trillion milestone two years earlier than expected.

News

Trump's Plan to Impose Stiff Tariffs on China

Andrew Mayeda, Jennifer Jacobs & Saleha Mohsin | March 22, 2018

Chinese officials threaten to retaliate against specific industries.

News

Markets Reflect Ongoing Concerns About Trade War

Sarah Ponczek & Jeremy Herron | March 22, 2018

Bloomberg's dollar gauge slips most since January.

News

Fed Weighs Rate Hikes

Treasury & Risk | March 19, 2018

Powell jumps in driver's seat as Fed is expected to raise rates this week.

News

1,000 Cuts to Dodd-Frank

Treasury & Risk | March 15, 2018

Pending Senate bill is part of a deregulation wave. Here’s who it will help.

News

Trump Pick for Economic Adviser Warns Fed Against Fast Rate Hikes

Jeanna Smialek & Alister Bull | March 15, 2018

Kudlow’s views come in stark contrast to his predecessor, who was more circumspect in talking about the central bank.

Analysis

The Dollar Is the ‘Big Loser’ in Trump’s Political Turmoil

Lananh Nguyen | March 14, 2018

U.S.-led trade war would likely lead to significant drop in dollar.

News

Europe Circles the Wagons on Trade

Nikos Chrysoloras & Marine Strauss | March 12, 2018

Trump threatens tariffs on European cars; EU vows to resist ‘bullies.’

News

Mnuchin Says Tariffs Will Benefit U.S. Despite Retaliation Risk

Saleha Mohsin | March 07, 2018

“Our objective is not to create a trade war. Our objective is to make sure U.S. companies and workers are treated fairly.”

Analysis

Now Is a Dangerous Time for a Trade War

Janet Levaux | March 06, 2018

"A trade war is probably more dangerous for investors at this time than at any other time in recent history," GMO's Ben Inker writes.

News

Trump Opens Door to Trade War

Joe Deaux, Andrew Mayeda, Toluse Olorunnipa, & Erik Wasson | March 02, 2018

European Commission President: EU is prepared to respond by targeting imports of Harley-Davidson Inc. motorbikes, Levi Strauss & Co. jeans, and U.S. bourbon whiskey.

Analysis

Corporate Spending Likely to Lag

Hilary Johnson | March 01, 2018

Companies are leery about their longer-term prospects, which means many will continue to hoard cash or distribute to shareholders, rather than making capital investments.

Analysis

NAFTA's Biggest Challenge May Come After a Deal

Shannon O'Neil | March 01, 2018

Elections in Mexico and the U.S. could spell doom for any new agreement.

News

This Would've Been S&P 500's Worst Two-Day Drop in All of 2017

Sarah Ponczek & Elena Popina | February 28, 2018

“That the S&P is down this much even as yields are falling tells me that there is probably still a lot of fear about how sustainable the bounce is.”

News

Trump Likely to Impose Stiff Steel, Aluminum Tariffs

Jennifer Jacobs & Joe Deaux | February 28, 2018

Administration reportedly considering 25% tariff on steel and 10% on aluminum imports from all foreign countries.

Analysis

What’s in Store for North America This Year

David Huey | February 22, 2018

How NAFTA renegotiations and other factors can be expected to affect North American economies in 2018.

News

Era of Congratulating China Is Over

Andrew Mayeda | February 21, 2018

Trump administration official says China has been praised for too long "when in reality they’re perpetuating a system that ... ended up costing jobs in most of the rest of the world."

Best Practices

How GDPR May Actually Be Good for You

Thomas Reagan | February 21, 2018

The impending GDPR deadline affects every company that stores any kind of information on EU residents. Here’s how to leverage the regulations to improve corporate cybersecurity.

News

U.S. Pays Up to Auction $179 Billion of Debt in a Span of Hours

Alexandra Harris | February 20, 2018

Three- and six-month bills sold at levels unseen since 2008.

Best Practices

Opening the Credit Umbrella in China

Meg Waters | February 15, 2018

Honeywell wins the 2017 Gold Alexander Hamilton Award for Best Practices in Restricted/Emerging Markets.

Best Practices

Transition to the CNY

Meg Waters | February 15, 2018

Pfizer wins the 2017 Silver Alexander Hamilton Award for Best Practices in Restricted/Emerging Markets.

Best Practices

A Treasury with Global Vision

Meg Waters | February 15, 2018

World Vision International wins the 2017 Bronze Alexander Hamilton Award for Best Practices in Restricted/Emerging Markets.

News

2-Year Budget Deal Approved, Debt Ceiling Suspended

Sahil Kapur, Billy House & Erik Wasson | February 09, 2018

Hours-long federal government shutdown ends with budget accord as Trump signs off.

News

Mexico Raises Key Rate for Second Meeting

Eric Martin, Bloomberg | February 08, 2018

In a shift from their last meeting, policymakers indicated that the peso—in particular, the inflationary effect of its future potential weakness—would now be the first factor among those they’re watching.

Best Practices

The New Sanctions Compliance Challenge

Bill North | February 01, 2018

How the right processes and systems can help corporate treasury mitigate risk.

News

Yellen Era Ends with Unanimous ‘No’ to Rate Hike

Craig Torres & Christopher Condon, Bloomberg | January 31, 2018

Fed officials also voted to continue reducing the central bank’s balance sheet.

Analysis

CEO-to-Worker Pay Gap Disclosures

Anders Melin, Bloomberg | January 24, 2018

10 frequently asked questions, and their answers.

News

Trump Pulls His Punches in First Foray Into Long-Pledged Tariffs

Andrew Mayeda, Rainer Buergin, & Alessandro Speciale, Bloomberg | January 23, 2018

Direct impact is limited; critics' concerns focus on China's reaction and whether this move portends broader protectionist actions in the future.

News

2018 Alexander Hamilton Awards

Treasury & Risk Staff | January 12, 2018

Treasury & Risk is pleased to announce this year's finalists.

News

FX Options Traders Get Wake-Up Call From Central Banks

Katherine Greifeld, Bloomberg | January 12, 2018

Trading in currency options picks up after moves by the BOJ, ECB.

News

China Steps Up Scrutiny of Multinationals Over Sovereignty Issues

Bloomberg News | January 12, 2018

Delta apologizes for listing Taiwan and Tibet as countries on its website.

China Officials Said to Be Wary of Treasuries

Bloomberg News | January 10, 2018

Prospect of slowdown or halt in Chinese purchases of U.S. government debt gives bond market the jitters.

News

EU Risks Bank Crisis If It Blocks Brexit Deal, U.K. Warns

Tim Ross and Ian Wishart, Bloomberg | January 10, 2018

EU Brexit negotiator Barnier says there's no way U.K. banks will keep full market access rights.

News

China Is Said to Change Way It Manages the Yuan

Bloomberg News | January 09, 2018

Move shows China's confidence in the currency's recent gains, analysts say.

News

Britain Warns EU: You Need Our Banks

Robert Hutton, Bloomberg | December 21, 2017

May and Carney fire back at Barnier over trade deal warning.

Analysis

Looking Forward: FX in 2018

Wolfgang Koester | December 15, 2017

3 trends that will likely affect global currency markets next year.

News

Tax Rates on Offshore Earnings Not Finalized

Anna Edgerton and Lynnley Browning, Bloomberg | December 14, 2017

Negotiators' decision on repatriation rate may depend on bill's revenue score.

News

U.K., EU Make Brexit Breakthrough

Emma Ross-Thomas, Nikos Chrysoloras, Ian Wishart and Viktoria Dendrinou, Bloomberg | December 08, 2017

European officials warn that the hardest part lies ahead.

Best Practices

Innovation in Operational Risk Management

Meg Waters | December 06, 2017

The 2017 Alexander Hamilton Awards in Operational Risk Management & Insurance recognize three initiatives that raised the bar in creative thinking—and reaped the benefits.

News

Brexit May Leave Banks on Hook for Impossible Contracts

John Glover, Bloomberg | December 01, 2017

Cross-border revolving credit facilities, derivatives among the agreements that could be affected.

Best Practices

Building a Socially Responsible Supply Chain

Mark Ward | November 30, 2017

How, and why, should a company improve sustainability and social responsibility throughout its supply chain?

News

Dollar's Weakness Linked to Flattening Yield Curve

Katherine Greifeld, Bloomberg | November 29, 2017

The correlation seen this year explains the split with short-term rates

News

U.S. Offers New Incentive for Admitting Bribes: No Penalty

Tom Schoenberg, Bloomberg | November 29, 2017

The Justice Department is expanding an Obama-era enforcement policy.