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(Bloomberg) — A growing number of German banks are passing on negative interest rates to their retail customers as the costs become too high to bear on their own.Berliner Volksbank, the country’s second-largest cooperative lender, started to apply a minus 0.5% rate on deposits exceeding 100,000 euros ($110,000) in its first charge for retail clients. The move may encourage other lenders to follow suit, with both Deutsche Bank AG and Commerzbank AG signaling that they’re warming to the idea.“Things are changing in the industry and we expect further negative interest rates, especially since one of the major cooperative lenders has …read more […]

(Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.For post-Brexit Britain, the kindness of strangers and their money will be more vital than ever.Prime Minister Boris Johnson has amped up his rhetoric that the U.K. will leave the European Union at the end of this month — even if there is no basis for a future relationship. In the worst-case scenario, a chaotic exit followed by ratings downgrades, a plunge in the pound, a government boosting spending and a central bank struggling to support markets could see capital flee from …read more […]

The head of Lebanon’s central bank said on Monday it is continuing to provide dollars to local financial markets, adding the country has “numerous possibilities” as it looks for assistance to curb a sharp loss of investor confidence. “We know there is a lot of noise about the monetary situation, however the capacities are available and we are continuing to secure dollars to the markets in Lebanon,” Banque du Liban Governor Riad Salameh, who is in the United Arab Emirates for meetings, said in comments to journalists distributed by Tele Liban. Asked if the UAE may provide Lebanon …read more […]

Chinese officials are signaling they’re reluctant to agree to the kind of broad trade deal that President Trump wants. …read more […]

Washington’s latest accusation that China is dumping wooden cabinets and vanities on U.S. shores sums up the mood between the two warring sides as they head into another round of high-level discussions. The talks in Washington on Oct. 10-11 will be led from the Chinese side by President Xi Jinping’s top economic adviser, Vice Premier Liu He. Investors’ expectations are low, given Trump’s penchant for impulsive forays in the nearly two years of on-again, off-again negotiations. …read more […]

Singapore’s economy likely escaped a technical recession in the third quarter even as growth stayed subdued, weighed down by the prolonged trade dispute between the United States and China, a Reuters poll showed. Gross domestic product (GDP) is expected to have increased 1.5% on a quarter-on-quarter, seasonally adjusted and annualised basis in July-September, according to the median forecast of 11 economists in the poll. “Third-quarter GDP is expected to stay weak and narrowly dodge a technical recession,” said Lee Ju Ye, an economist with Maybank Kim Eng. …read more […]

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like… …read more […]

Cryptocurrency derivatives exchange CoinFLEX is launching physically-settled futures contracts for Libra, the Facebook-led proposed stablecoin. The exchange plans to hold an initial futures opening (IFO) for Libra futures on Oct.The post Crypto derivatives exchange CoinFLEX offering physically-settled Libra futures appeared first on The Block. …read more […]